Most stakeholders believe the U.S. Supreme Court will strike down the Professional and Amateur Sports Protection Act, opening the door to legal sports betting.
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While the Southern Nevada casino industry enjoys a burst of prosperity and development, it also may be facing a tide of negative sentiment from loyal casino customers regarding high resort fees and paid parking policies at Strip casinos.
When it comes to conventions and meetings business, MGM Resorts International is all in.
Spanning 26 acres of beachfront property, the latest project by a subsidiary of MGM Resorts won’t have slot machines or poker tables, but will boast 1,000 rooms, a “dazzling” theater and a snorkeling area. It will also be in Dubai — a Middle Eastern city the company knows all too well.
A policy address by Macau’s top government official this week wasn’t the uplifting and positive message the casino industry and the investment community were hoping to hear.
Dina Titus introduced a bill last month to repeal the tax on all sports wagers.
There is a target on the back of slot machine manufacturer International Game Technology. Despite first-quarter results that were well received by investors, at least two analysts raised concerns in recent weeks that IGT could be bleeding away slot machine market share to the competition.
Earlier this summer, Sheldon Adelson told those nasty little Internet gaming punks to get off his lawn. Now, he thinks they egged his house.
