Las Vegas
MGM named Las Vegas Raiders’ official gaming partner
National Football League (NFL) franchise the Las Vegas Raiders has named MGM Resorts as the team’s official gaming partner, as well as a founding partner…
DraftKings opens new Las Vegas office
Daily fantasy and sports betting operator DraftKings has opened a new office in Las Vegas, Nevada, to support its ongoing growth plans in the US…
Blackstone to acquire MGM Grand and Mandalay Bay for $4.6bn
MGM Resorts International has struck a deal to sell its MGM Grand and Mandalay Bay properties on the Las Vegas Strip to private equity giant…
Nevada gaming market tops $1bn for sixth time in 2019
Nevada’s gaming market generated revenue of $1.02bn in October, and while this represented a 3.9% year-on-year decline, it marked the sixth time in 2019 that…
Caesars swings to Q3 loss after Rio sale despite revenue rise
Caesars Entertainment reported a 2.3% revenue increase to $2.24bn for the third quarter of 2019, but the operator swung to a loss due to impairment…
Nevada retakes sportsbook crown with NFL’s return
The start of the NFL season brought Nevada back to the top in sports betting as players wagered $546.4m on sports in September, helping total…
MGM Resorts to sell Bellagio and Circus Circus for over $5bn
Casino operator MGM Resorts International has agreed to sell its iconic Bellagio Las Vegas property and form a joint venture with Blackstone Real Estate Income…
San Manuel Casino to sponsor Raiders’ new Las Vegas stadium
The California-based San Manuel Band of Mission Indians will sponsor the Las Vegas’s Allegiant Stadium, as well as the Raiders NFL franchise, after the team’s…
August Nevada sportsbook handle remains behind NJ
Nevada’s sportsbook handle for the month of August remained behind New Jersey for August, despite a 22.1% increase to $287.8m, while overall casino revenue slipped…
Caesars sells Rio Casino, retains WSOP
Caesars Entertainment has agreed the $516.3m sale of the Rio All-Suite Hotel & Casino, the Las Vegas-based venue that has served as the home of…
Nevada sportsbook handle falls behind NJ in July
Nevada has once again seen its sportsbook handle fall below that of New Jersey, with customers in the state wagering a total of $235.7m in…
Nevada surpasses NJ sportsbook handle in June
The Nevada sports betting handle moved back ahead of New Jersey after the largest June intake in the state’s history, helping to bring total state…
Nevada sportsbook handle falls below NJ in May
Nevada’s sports betting handle rose 0.6% year-on-year to $317.4m in May, though total gambling revenue for the month was down 6.0% to $981.8m. May marks…
US casino gaming revenue tops $41bn in 2018
The US commercial casino industry saw gaming revenue grow to $41.7bn in 2018, according to the American Gaming Association’s annual survey of the sector. Gaming…