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US Casinos Had Their Best Month Ever in March, Winning $5.3B From Gamblers
Inflation may be soaring, supply chains are snarled and the coronavirus just won’t go away. But America’s casinos are humming right along.
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Super Bowl Betting Is Expected to Top $7.6 Billion. Don't Forget the Taxman If You Win
No matter where you place your bet, the IRS expects you to come clean at tax time if you win.
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Furniture Mogul ‘Mattress Mack' Places Record-Setting $4.5 Million Bet on the Bengals to Win Super Bowl
Texas furniture mogul “Mattress Mack” has made the biggest mobile sports bet in U.S. history, by wagering the Cincinnati Bengals will win Super Bowl LVI.
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2021 Is Now the Highest-Winning Year Ever for US Casinos
America’s casinos have won more money this year than ever before, according to figures released Thursday from a national gambling trade association
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Four ‘Contrarian' Trades That Could Withstand the Market's Wild Swings
Wilmington Trust’s Meghan Shue believes she has a winning strategy to beat out the market’s wild swings.
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DraftKings to Buy Golden Nugget Online for $1.56 Billion, as Gaming's M&A Streak Continues
DraftKings will acquire Golden Nugget Online in an all-stock deal worth $1.56 billion.
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Casino Owner Vici Properties Buys MGM Growth Properties for $17.2 Billion
Real estate investment trust Vici Properties agreed to buy MGM Growth Properties in a $17 billion deal that will boost its position on the Las Vegas Strip.
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Delta Variant Is a Tougher Investment Risk to Peg Than Inflation, Market Forecaster Jim Bianco Warns
Bianco Research’s Jim Bianco sees a frustrating backdrop unfolding for investors.
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Wynn Says Vaccinated Workers and Guests Can Ditch Masks in Nevada Casinos
The change was made possible because the Nevada Gaming Control Board, which sets the rules for casinos, reacted quickly to update its rules.
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‘We Really Want Exposure to the Consumer' as Economy Stages Powerful Recovery, Wells Fargo's Chris Harvey Says
Wells Fargo Securities’ Chris Harvey is building a major part of his strategy on a consumer comeback.
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Sands to Sell Its Las Vegas Properties for $6.25 Billion as It Shifts Focus to Macao, Singapore
Before the pandemic, Sands’ properties in Asia accounted for roughly 90% of its revenue with investments planned to expand in Macao and Singapore.
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Two Top-Performing Value Plays That Could Benefit From a Vaccine Rollout
Investors seeking trades that could benefit from a vaccine rollout should look no further, two traders say.
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Many Jobs Threatened as New Ordinance Forces Card Rooms to Shut Down
LA County’s new measures that go into effect Monday will force some unessential businesses, like the card rooms at Commerce Casino, to shut their outdoor operations completely. Christine Kim reports for NBC4 News at 11 p.m. on Nov. 29, 2020.
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Dow Could Hit the 40,000-Point Level Next Year, Analyst Says
The Dow Jones Industrial Average stock index has the potential to reach the 40,000-point mark in 2021, according to Baird’s Patrick Spencer.
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Still Hampered by Virus, US Casinos Want Aid in Recovering
The U.S. casino industry is seeking tax and regulatory relief from the government as it tries to recover from a coronavirus outbreak that cost states more than $2 billion in lost tax revenue while casinos were shut down for four months this year.
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San Diego County Investigating COVID-19 Cases Possibly Linked to Casinos
San Diego County Public Health officials said Wednesday they are working with tribal lands to investigate positive COVID-19 cases that may be connected to several local casinos.
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Some Tribes Reopen Their Casinos Despite State Opposition
Drivers heading down state roads leading to Foxwoods Resort Casino and Mohegan Sun in Connecticut are greeted by flashing warnings: “Avoid Large Crowds” and “Don’t Gamble With COVID.” Despite having authority to shutter thousands of businesses during the coronavirus pandemic, Connecticut Gov. Ned Lamont has been constrained when dealing with the sovereign tribal nations that own two of the...
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Nevada Casinos Start Luring Customers After Opening Date Set
Casinos from Lake Tahoe to Laughlin started announcing plans Wednesday to lure back customers beginning June 4, with one downtown Las Vegas hotel owner buying more than 1,000 one-way airline tickets to boost interest around the country. The promotions began the morning after Gov. Steve Sisolak lifted the casino shut-down order he imposed in mid-March to prevent people from spreading…
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Sneak Peak: What You Can Expect to See Inside Reopened Casinos
Sycuan is now the second casino to reopen this week, despite serious health concerns from county and state officials.
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Four Tribal Casinos Closed for Two Months Are Reopening Friday
Four casinos are set to reopen Friday on tribal land both in and near the Coachella Valley after being shuttered for more than two months due to the coronavirus pandemic and despite Gov. Gavin Newsom’s recent plea for tribes to keep their casinos closed. All four casinos will reopen amid similar health protocols aimed at curbing the spread of...