The Venetian, The Palazzo, And Sands Expo Selling For $6.25 Billion
One iconic property on the Las Vegas Strip comprises three adjoining buildings: the Venetian, the Palazzo, and the Sands Expo Convention Center. All will be sold by Las Vegas Sands Corp. to Apollo Global Management and Vici Properties for $6.25 billion. The deal comes in the months following the death of Las Vegas Sands Corp. […]
Another Month, Another Record For Pennsylvania’s Online Casinos
January continued a long-running streak of new heights for the Pennsylvania online casino industry. Each of the final six months of 2020 saw the Keystone State’s mobile casinos set an all-time monthly revenue record, only to have that benchmark surpassed the following month. That trend continued in the opening month of 2021. The monthly revenue […]
New Jersey Online Casinos Top $100 Million In Monthly Revenue
The first month of 2021 has New Jersey online casinos on pace to produce more than $1 billion in revenue in 2021. There’s still a long way to go before 2021 wraps up, but January saw mobile casinos in the Garden State set an all-time monthly revenue record. New Jersey’s online casinos pulled in more […]
How The Wire Act’s First Gambling Conviction Led To An International Incident
1961 was a simpler time. President John F. Kennedy just wanted to clamp down on organized crime and cut off their sources of revenue. He signed the Wire Act into law, which prevented gambling information from crossing state or international lines. For a while, it worked just fine. But in 1996, one stubborn, pioneering businessman […]
GGPoker Expected For Pennsylvania Online Poker Approval
The Pennsylvania Gaming Control Board’s upcoming monthly meeting includes a possible approval of GGPoker on the agenda. GGPoker parent company NSUS appears on the slate for the PGCB’s scheduled regular monthly meeting, with NSUS in front of the board for approval of an Interactive Gaming Manufacturer License. If approved, GGPoker would become the fourth online […]
Las Vegas Sands (LVS) Has A Brighter Future Than Other Casino Stocks
Big casino companies may seem similar, but they differ in important ways. Some of them are holding onto a lot of cash that makes it easy for them to expand. Others are paying down debt or finding other ways to improve their existing businesses. Sheldon Adelson’s company, Las Vegas Sands, suffered a hard loss when […]
PlayStar Casino Gains Access To NJ Online Gambling
One of the largest online gambling states in the United States added another competitor to the industry on Tuesday. PlayStar Casino gained access to New Jersey via a partnership with Oceans Casino Resort, sparking interest across the industry. For those not familiar, PlayStar Casino is an Asia-based real-money gambling developer. PlayStar is not currently available […]
Why Sheldon Adelson’s Casinos Won’t Have Online Gambling Anytime Soon
Sheldon Adelson’s casino company, Las Vegas Sands Corp., had its quarterly earnings call on January 27. One day earlier, Robert Goldstein became the new Chairman and CEO. The earnings call went through balance sheet items and tentative expansion plans. But ears perked up when he mentioned online gambling. Las Vegas Sands is looking at opportunities […]
New Legislation Could Bring A Casino And Lottery To Hawaii
The US is currently home to two markets that serve as gambling deserts. No, not the Las Vegas “gambling is allowed here” desert, but the type that completely prohibits gambling in any format. Hawaii and Utah are the country’s two biggest holdouts when it comes to gambling, whether it’s online or at a casino. A […]
Texas Sports Betting Bills Could Change The State Constitution
On January 14, 2021, Representative Harold V. Dutton Jr. authored and filed two bills. One–HB 1121–would legalize sports betting and create the regulatory body that would oversee it. The other–HJR 68–is essentially a refiling of HJR 61. HJR 61 was a constitutional amendment that died in Committee in late February 2019. The latest attempt at […]
