Category: Land Based Gaming and Casinos
US Gambling Generates $5 Billion in July
The amazing run for US gambling operators continued into the summer, with the month of July producing nearly a 3% increase in profits from the previous year. Those numbers made it the third highest month for gross profits of all time, according to data from our friends at the American Gaming Association. Profits for retail gambling in America just crept over the $5 billion mark in July, making it the 4th month this year to see such numbers. That means we should see another record setting year for US gambling, as the latest numbers bring year-to-date revenue numbers to well…
Record Run for Nevada Gambling Revenue Continues
Oops! They did it again! Nevada gambling revenue broke $1 billion in the month of July, marking the 17th month in a row to break the billion dollar mark. The state collectively brought in $1.31 billion, to be precise. Like numbers? Here are some more: Part of that $1.31 billion was the second highest revenue total ever posted from Las Vegas Strip casinos, and the highest total since the pandemic began back in 2020. More numbers? You got it: The State Gaming Control Board reports that the $1.31 billion total for July was also the fourth highest monthly total for…
Las Vegas Casino New York-New York Gets Facelift
The fight to have the most iconic Las Vegas casino is one that never sleeps. In fact, one is even themed after the city that never sleeps: New York, New York! And now, owners MGM have big plans for their property themed after the Big Apple! The company has announced plans for a $63 million remodel of over 1,800 rooms and 150 suites. The company tasked with this project is HVS Design, and they stated in a press release that the remodel “will feature vibrant new designs and upgraded in-room amenities”. In the simplest of terms, MGM wants to make…
Hard Rock Las Vegas Sets 2025 Open Date
Those of you waiting for the Hard Rock Las Vegas to open will have to wait a little longer. Even with all the talk of shutting down The Mirage and it’s iconic volcano attraction, the new resort won’t be ready to welcome guests for at least another two and a half years. The company recently put out a press release with details about their plans. When referring to their new property on The Strip, Hard Rock stated that it would be “set to open in 2025”, but did not get more specific than that. One point of curiosity for guests…
Bally’s Las Vegas Name Change Underway
A mere eight months after announcing that Bally’s Las Vegas would be re-branded as the Horseshoe, workers began removing the Bally’s name on the outside of the building. One by one the letters came down. And while that may seem like a big deal, there is so much more involved than what we can see on the building’s exterior. As we approach the end of the year, guests can expect to see additional changes to the casino floor and other public areas, changes to food and beverage options, and new entertainment options including a classic arcade where the sportsbook used…
US Gambling Industry Sets All-Time Quarterly High
Nationwide commercial US gambling revenue totaled $14.81 billion in Q2 2022, according to the American Gaming Association’s (AGA) Commercial Gaming Revenue Tracker. The total sets a new quarterly record for the industry, beating Q4 2021 by 3.3 percent. With $29.16 billion generated through the first half of the year—a nearly 18 percent year-over-year increase—2022 is on pace to set a new annual record for commercial gaming revenue for the second consecutive year. “Q2’s results mark a 16-month period of gains for commercial gaming,” said AGA President and CEO Bill Miller. “With increasingly difficult year-over-year comparisons, our strength through the first…