Casino
Nevada casinos post first billion-dollar month since February 2020
Gaming revenue in Nevada for March surpassed $1bn, marking the first time since the novel coronavirus (Covid-19) shutdown that it hit this figure. Total revenue…
MGM agrees $80m Las Vegas Strip land sale
Casino giant MGM Resorts’ CityCenter subsidiary has reached an agreement with Infinity World Development Corp to sell a two-acre Las Vegas strip site to retail…
Churchill Downs launches igaming in Pennsylvania, online betting in three states
Churchill Downs Incorporated (CDI) has announced the debut of its Twinspires Sports app in the states of Indiana and Colorado, and the launch of the…
Chicago issues request for proposals for new casino resort
The city of Chicago has issued its Request for Proposals (RFP) regarding the building of and running of an integrated casino resort within the city.…
State of the Union: Caesars, New York, Arizona and more
This week’s State of the Union, in partnership with Segev LLP, includes bills to legalize sports betting in Arizona and mobile betting in New York,…
BetMGM Q1 revenue reaches 90% of 2020 total as JV aims for $1bn by 2022
Online sportsbook BetMGM recorded revenue of $163m for the first three months of 2021 – 90% of its entire 2020 total. At an investor day…
Churchill Downs Incorporated returns to profit in Q1
Churchill Downs Incorporated (CDI) returned to profit in Q1 of 2021 as revenue grew 28.2% year-on-year to $324.3m, thanks to the acquisition of new race…
Caesars commits to spend $400m on Atlantic City resorts by 2023
Caesars Entertainment has revealed plans to invest $400m into its land-based casino resorts in Atlantic City, New Jersey by 2023. The operator runs the Caesars,…
Bally’s misses out as City of Richmond cuts casino resort shortlist to two
Bally’s Corporation’s bid to build a new casino resort in the City of Richmond, Virginia has failed after it missed out on the final shortlist…
New Jersey iGaming Dashboard – April 2021
Borgata finally overtook long-standing online casino leader in New Jersey last month as the state’s igaming market exceeded its previous high by more than 10%.…
Bally’s raises $671.4m via share offering to fund Gamesys acquisition
Casino operator Bally’s Corporation has raised $671.4m through a share offering, with the funds to be used to partially finance its acquisition of Gamesys Group.…
Michigan betting and igaming revenue grows to $127.4m in March
Online betting and gaming operators in Michigan brought in $127.4m in March, a 42.8% month-on-month increase in the second full month of online activity, thanks…
Tulalip Tribes strike deal with regulator to bring sports betting to Washington
The Washington State Gambling Commission and the Tulalip Tribes of Washington have reached an agreement allowing sports betting in person at the Tribes’ casinos, or…
Caesars signs CBS Sports as TV partner for World Series of Poker
Caesars Entertainment has agreed a deal for CBS Sports Network to become the exclusive US television partner for its World Series of Poker (WSOP) property.…