Crown Resorts Limited to offload more of its business

Crown Resorts Limited to offload more of its business

After seeing 18 of its representatives arrested in China over the weekend, Australian casino operator Crown Resorts Limited has now reportedly confirmed previous speculation that it intends to offload some more of its international holdings. According to a report from...
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Leaving NV Energy will cost Caesars $44 million

Leaving NV Energy will cost Caesars $44 million

Caesars Entertainment Corp. will soon be shopping the wholesale market for its power supplies, as the company has agreed to ante up $44 million to no longer be a retail customer of NV Energy, according to the Las Vegas Review-Journal....
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No overall bump in Atlantic City casino win following Taj Mahal closure

No overall bump in Atlantic City casino win following Taj Mahal closure

For the first full month since the Trump Taj Mahal closed its doors, the seven remaining casinos in Atlantic City saw their total gaming win for November drop by 3.5% year-on-year to $197.28 million. According to a report from The...
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Business at North Dakota casino hurt by winter weather and pipeline protests

Business at North Dakota casino hurt by winter weather and pipeline protests

In North Dakota, the Standing Rock Sioux Tribe is reportedly facing a $6 million shortfall in its annual budget due to winter business at its Prairie Knights Casino And Resort being adversely affected by severe weather and the nearby protests...
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Chinese gamblers flock to Siberia’s Tigre de Cristal Casino

Chinese gamblers flock to Siberia’s Tigre de Cristal Casino

In spite of several unavoidable delays,  Tigre de Cristal Casino opened its doors on October 8, 2015 and is operating smoothly with landmark business in Russia’s Far East.  The Lawrence Ho creation (son of Macau’s gambling king, and mega-entrepr...
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Macau posts seventh straight month of gross gaming revenue growth

Macau posts seventh straight month of gross gaming revenue growth

In Macau, February reportedly saw monthly aggregated gross gaming revenues significantly exceed previous predictions from several industry analysts and record a seventh consecutive increase to $2.88 billion. According to a Wednesday report from GGRAsia citing ...
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Galaxy Entertainment Group reports improved third-quarter performance

Galaxy Entertainment Group reports improved third-quarter performance

Hong Kong-listed Galaxy Entertainment Group has released its unaudited financial results for the third quarter showing that it experienced a 5% increase year-on-year in overall revenues to $1.66 billion while recording its highest three-month profit for two ye...
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VIP segment success helps Macau report rise in September gross gaming revenues

VIP segment success helps Macau report rise in September gross gaming revenues

September saw casinos in Macau post a better-than-expected 7.4% increase year-on-year in combined monthly gross gaming revenues due in part to the VIP segment likely reporting its first rise in takings in some 29 months. According to a report from...
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The Rank Group remains on the lookout for merger and acquisition opportunities

The Rank Group remains on the lookout for merger and acquisition opportunities

After last week failing in its joint $4 billion bid to buy competitor William Hill, British land-based casino and bingo operator The Rank Group has announced that it is still on the lookout for merger and acquisition targets and intends...
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New Jersey takeover of Atlantic City possible after 5 year fiscal plan rejected

New Jersey takeover of Atlantic City possible after 5 year fiscal plan rejected

Atlantic City submitted a 5 year fiscal plan to New Jersey state officials towards the end of October laying out steps that the city would take to reduce its $500 million debt, increase funding for its yearly budget and put...
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Pennsylvania Senator summons casino officials to Harrisburg Jan. 3

Pennsylvania Senator summons casino officials to Harrisburg Jan. 3

Sen. Kim Ward, R-Westmoreland, has called on officials from Pennsylvania’s 12 gambling concerns to meet in the Capital soon after the holidays. The senator says changes are needed in the state’s gambling laws and she plans to tackle the problem...
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