While LA used to be the city that teams would threaten to make their new home, Southern Nevada now has become leverage city.
Casinos & Gaming
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The LVCVA officially forecasts 170,750 attendees for the 2018 NFR, but that just covers the full house at the Thomas Mack for 10 performances. The conservative economic impact estimate is $113 million.
Operators of the 1,000-room Plaza in Las Vegas made a bid to reclaim downtown’s western heritage Tuesday by officially opening Core Arena, downtown’s first permanent outdoor equestrian center.
At a sports betting conference Tuesday in New York, state representatives from Minnesota, New York and Ohio discussed their states’ interest in such bets. They’re also interested in making sure players are protected, taxes are adequate but not punitive and that mobile gambling is widely accessible.
The deal opens the door for MGM to sign partnerships with multiple baseball teams as well as advertise during the All-Star Game and World Series, which are watched by tens of millions of people.
CGT will pay a fine of $1.75 million to the state and $250,000 to the Nevada Council on Problem Gambling within two months.
With the Caesars deal in place, it’s getting closer to the time for clarity about gambling at the stadium, which currently wouldn’t be allowed.
Caesars Entertainment Corp., the operator of Caesars Palace and eight other Las Vegas casino properties, has signed a 15-year agreement to be a founding partner of the $1.8 billion Las Vegas stadium.
The New York Jets and MGM Resorts International have agreed on a multiyear deal that is the first of its kind in the NFL.
The gaming giant announced Tuesday morning the partnership with Harris Blitzer Sports Entertainment, whose portfolio includes the NBA and NHL team as well as the Prudential Center. Financial details of the deal were not disclosed.
MGM Resorts International has become the first gaming company to sign a sports betting deal with the National Hockey League as it seeks a new source of growth and greater customer exposure.
Wynn Resorts announced Thursday it has teamed up with European operator BetBull Ltd. to provide sports betting services around the U.S., becoming the latest gaming company to strike an industry deal.
The start of the pro and college football seasons led the volume of sports betting in New Jersey to nearly double in September from its level a month earlier.
Johnny Avello was the Wynn Las Vegas sports book director for the past 13 years before leaving the company Monday to join DraftKings, which launched the first mobile sports betting app in New Jersey in August.
The gaming industry may get a better perception of how the National Football League feels about regulated sports betting Thursday when a House subcommittee conducts a hearing on whether the federal government should be involved in its oversight.
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