Category: Land Based Gaming and Casinos
New $3 Billion Vegas Casino Resort in 2023
Yes, the recovery from the pandemic appears well underway! Yet another new Las Vegas casino resort has been planned for the southern Strip area. This time, it’s the Oak View Group at the helm. Tim Leiweke, Oak View Group CEO, stated “South of the Las Vegas strip represents one of the few areas of potential future growth of the gaming and entertainment corridor. This unprecedented project is an industry game-changer, and we will usher in the evolution of Las Vegas as the new entertainment AND sports capital of the world.” The $3 billion, 25 acre Vegas casino resort will be…
American Gambling Sees Fastest Start Ever in 2022
Our friends at the American Gaming Association track American gambling revenue for commercial gaming. And this year those numbers show that the industry took in over $4.4 billion in January, which is fastest start to a year ever recorded. The AGA’s numbers show the state-by-state and nationwide financial performance data, and include breakdowns for individual gaming verticals. The latest edition of the tracker includes comparisons to January 2020, and to 2021 when the Coronavirus pandemic was continuing to impact commercial gaming revenue. Coming off of a record-breaking 2021, U.S. commercial gaming revenue in January, reached $4.50 billion, the industry’s fastest-ever…
Atlantic City Casinos Revenue Rises Nearly 30%
The New Jersey Division of Gaming Enforcement has published revenue figures for Atlantic City Casinos in the month of February. The numbers show that the nine operators in the market were able to take in over $210 million in profit, which is a significant gain from last year. Better weather and the waning of the pandemic have contributed, of course, with revenue this year reaching over $395 million to date. That represents a 28.5% growth from the same time in 2021, when the numbers reached barely over $305 million. A large portion of this revenue was from foot traffic to…
SiGMA Last Minute Deal for AIBC Summit in Dubai
Our partners at SiGMA have a way to attend their AIBC Summit in Dubai for a discount. The world-renowned expo, which caters to the emerging tech sector, will run from the 20th to 23rd March in the festival city of Dubai. AIBC Asia brings together the brightest minds in emerging technologies from across the globe! To that end, our lavish networking events help us grease the wheels of innovation by letting opinion leaders, industry titans, clever investors, and bright entrepreneurs mingle, exchange business cards, and unwind. Make the most of your time with us and expand your network by joining…
US Online Casino Betting Could Explode in 2022
This week’s gambling news focuses on the expected growth of US online casino betting, and in particular the expansion of regulated internet casino games. Why are online betting and casinos about to explode now? And what lead us to this point? We also look at a new interview we just released that relates to this topic, and a major casino game manufacturer that’s rebranding ahead of the expected explosion. What a great time for our industry here in America, as online casino betting, web based poker, and even crypto slots seems ready to explode across the entire country! And you…
Scientific Games Slots & iGaming Re-brand
Scientific Games has announced that the company is splitting their lottery operations from their slots and igaming divisions. The lottery group will operate as a stand-alone company and retain the Scientific Games name. Meanwhile, the Gaming and iGaming divisions have split-off and rebranded as Light & Wonder. The Light & Wonder company will establish a cross-platform approach to deliver online slot and game franchises to casino players in land-based, online and mobile casinos, and for both real money and free play social games. Light & Wonder’s rebranding does not impact the company’s lottery business or 130 customers in 50 countries…