Tighter slot machines have not produced increased gaming revenue and the hold percentages could be a reason for the decline, according to a study commissioned by the gambling equipment industry’s largest trade association.
As with any profit-making niche, iGaming is a business sector that seldom settles into a smooth groove and stays there. The amount that people spend on online gambling has increased year upon year without fail since figures were first calculated.
New York’s Saratoga Casino and Raceway is doing its best to keep pace with the competition in its market and held a “topping out ceremony” this week recognizing the fact that its 108-room hotel project has reached its peak height.
Macau casino revenues plunged 35.5 percent during August compared to the same month a year ago. August was the 15th month in a row of double digit decreases, a slide that began with the Beijing government’s crackdown on corruption.
Gaming Insider | All right… so the gaggle of optimists imagining New Jersey was a step or two away from legal sports betting as it awaited last week’s federal appeals court decision were wrong. Nice try but the state’s argument did not cut the mustard.
Gaming Yesterday | My positions with Jasper Speciale, Churchill Downs and the Stardust among others got my two kids quite a few perks. My daughter Elizabeth and her husband Mike were comped to the top floor of the Dunes, the presidential suite, on her wedding night.
Southern Nevada visitation figures for July were 5.3 percent ahead of the same month last year. An extra weekend helped make a difference. Convention attendance was off 9.4 percent for the month because of what is described as “show rotation.”
Massachusetts’ top transportation official says Wynn has adequately addressed traffic and transit issues surrounding its planned $1.7 billion casino project for the Everett waterfront.
Less competition has led to greater profits for most of the casinos that survived a painful shrinkage of Atlantic City’s gambling market last year. Figures released show seven of the eight surviving casinos posted increases in profit in the second quarter of this year.
Paddy Power and Betfair have agreed to merge, creating one of the world’s largest online betting and gaming companies by revenue. Paddy Power shareholders would own 52 percent of the combined group and Betfair shareholders would own 48 percent.
Atlantic City’s main casino workers union is ramping up its threat of a strike against the Trump Taj Mahal casino. Local 54 of the Unite-HERE union says it will load a storage trailer on Tuesday with supplies it would need for a strike against the casino.
Southern California’s Morongo Casino, Resort & Spa is using a new series of high-tech television ads that mark an industry first by combining state-of-the-art Rotoscoping technology with sweeping visuals.
The growing multi-billion dollar business of fantasy sports has finally gotten large enough to hold the attention of both the Nevada Gaming Commission and several gaming company CEOs. For the Commission the obvious fantasy sports issues are...
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