Special administrative region reports highest gross gaming revenue since January 2020 with totals 24 percent ahead of April and 492.2 percent ahead of last year.
Casinos & Gaming
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Placed in an online-only format last year due to the coronavirus pandemic, the world’s largest gaming industry exhibition will return to a live gathering in the fall.
Vegas Golden Knights owner William Foley’s Cannae Holdings is contributing $32 million as investors eye the expansion of sports wagering and online gaming.
As Macao approaches the anniversary of a two-week casino shutdown and the beginning of the Lunar New Year, gaming revenue continues its slow recovery in China.
The casino, which includes a 10-story, 288-room hotel in Louisiana’s capital city, was sold by Caesars Entertainment Inc. to CQ Holding Company Inc. of Illinois.
While business is slowly improving for the 41 casinos operating in the special administrative area, revenue continues to be down dramatically in November.
The expansion of casino gaming, the addition of sports wagering and the elimination of betting limits are among the choices facing voters in six states.
Gross gaming revenue for Macao was down 94.5 percent again in August as border-crossing issues from nearby provinces remained in place, but that could change this month.
An analysis issued Monday by the American Hotel & Lodging Association that shows the U.S. hotel industry may be on the brink of financial collapse.
Special meetings to consider approval of Eldorado Resorts Inc.’s $17.3 billion acquisition of Caesars Entertainment Corp. have been set in Nevada.
Despite three nights of demonstrations on the Strip and in downtown Las Vegas, casino operators across the valley say they still plan to reopen as planned on Thursday.
Macao endured its eighth straight month of declining gaming revenue in May and, separately, Las Vegas Sands issued an SEC notice to investors of reduced profits.
The closure of borders into Macao from China and Hong Kong took a massive toll on the district’s 41 casinos with the worst gaming revenue decline in that market’s history.
Three casinos, two of them operated by Las Vegas companies, will keep their Massachusetts properties closed at least through May 18 following a unanimous vote Friday.
More than 60 percent of the Strip’s blackjack tables pay players $6 for every $5 wagered for a natural blackjack instead of $3 for every $2 bet on others. Is that fair?