Who better to track gambling in America than our friends at the American Gaming Association? And their statistics seem to indicate that we could be looking at record revenue numbers for 2022. It makes sense. After all, there are more states legalizing different forms of gambling than ever before. Not only is sports betting exploding, but the successful regulation of betting on sports has had the additional effect of expanding online gambling. And now, the AGA’s Commercial Gaming Revenue Tracker has tallied the numbers for the first part of the year. Those figures show that gambling in America is up…

Macau casinos did reopen over the weekend, but there were no players beating down the doors. In fact, with the exception of those who work and live there, almost no one is visiting the city built for gambling. Travel restrictions from the Chinese government have the city on lock down. All of this comes from the latest (and greatest) outbreak of Coronavirus in the country. Beijing has a “zero Covid” policy in place, meaning that restrictions are harsh, and punishments for violating them are serious. Is it any wonder that the city is void of visitors? Even though Macau casinos…

Professor I. Nelson Rose, Gambling and the Law How do you know Macau casinos are in trouble economically? Well, if a major news source says there is a “silver lining” in being shut down that may be an indication. And that’s what the Asia Gaming Brief  did then they published an article titled “Macau Casino Closures Provide Some Relief from Cash Burn.” Now, casinos in Macau have so few gamblers, in fact, so little revenue of any kind, that the government finally ordering them completely closed is a small blessing.  At least this way, the casinos do not have to…

Thought we were past the dangers of Covid lock-downs? So did we! But now, casino operators like MGM, the Las Vegas Sands, and Wynn Resorts are learning the hard way that the Coronavirus can still hurt them… even from thousands of miles away. Casinos in Macau have been dark for several days now, shut down due to a new Covid outbreak. These American companies all have a lot invested in that market, and each could lose millions of dollars if things do not improve quickly. Already, the Las Vegas Sands has reported second quarter results which show that reduced visitors…

On July 11th, the Chines shut down all casinos for the first time since the first Coronavirus outbreak. Now, Macau casino giants are standing dark as the worst outbreak of the virus to hit the city spreads. People have been ordered to stay home, venturing out only for essential services. Police are monitoring the people who do wander out, and serious punishment awaits anyone who disobeys the government. With over 30 Macau casinos shuttered, these recent events have sent stocks of gambling companies falling… all as authorities struggle to contain the worst Coronavirus outbreak yet in the world’s biggest gambling…

Several weeks ago we reported on some interesting moves from Tilman Fertitta. Now, the Las Vegas Travelodge and an adjoining strip shopping mall have been closed in what looks like the next step toward a new Strip Casino. Fertitta owns the Golden Nugget Casino on Fremont Street, as well as others around the country. Near the end of April, he purchased 6 acres on Las Vegas Boulevard across the street from City Center. Speculation was that the $270 million purchase could be developed into a new casino. Now, the strip shopping center and Las Vegas Travelodge currently occupying the land…