2020 Was the Worst Year for Macau On Record
Macau’s casino industry faced the worst year in its recorded history due to the impact of the coronavirus pandemic. After counting December revenues, the Asian … Read more
coronavirus pandemic
Commercial Casinos In New York Still Closed While Tribal Properties Thrive
New York state was one of the worst-hit from the coronavirus pandemic. The state’s hospitality and gaming field may have to go through another period … Read more
Caesars Entertainment’s Reports 58% Fall in Turnover in Nevada
Casino operating giant Caesars Entertainment recently said that revenue from its Nevada properties has fallen by over 50% after reopening on a yearly basis. However, … Read more
MGM Bolsters Balance Sheet With a $700 Million MGP Stake Sale
In an effort to create a stronger balance sheet, MGM Resorts International sold its equity in MGM Growth Properties for $700 million. The company has … Read more
Sports Betting Revenue Takes A Dip In New Jersey For April
The coronavirus pandemic has taken a toll on the sports betting industry with the American Gaming Association estimating a $43 billion hit. As more states … Read more
Las Vegas Sands Expects Pent Up Demand in Asia To Result in Speedy Recovery
The demand for online gambling in Asia is strong, but pent-up because of the coronavirus lockdowns. Las Vegas Sands suggested that it is hoping for … Read more
Esports Player Number and Betting Revenue Will Increase in 2020
New research by ProdegeMR and 2CV suggests that the number of esports players and related sports betting revenue is expected to double this year. The … Read more
Connecticut’s Sports Betting Bills May be Delayed This Year
The coronavirus pandemic has created an unprecedented crisis for Connecticut. However, this problem has also stalled the sports betting bill of the state. Sports betting … Read more
Michigan Casinos Seek A Bailout from The Government
As the coronavirus pandemic is taking its toll on the gambling industry, Michigan casinos are asking the government for a bailout package. Industry hit hard … Read more
Coronavirus Could Lead To $21 Billion In Economic Losses to The Casino Industry
On Wednesday, the American Gaming Association (AGA) found out that prolonged closure of casinos in the country would lead to billions of dollars in losses. … Read more