Menixcasino

Caesars Entertainment Announces First US Non-Gaming Hotel, in Scottsdale, Arizona

Casino giant Caesars Entertainment has announced a plan to open its first ever non-gaming hotel on US soil, in Scottsdale, Arizona. An artist’s rendering of Caesars Republic Scottsdale, the casino giant’s first non-gaming hotel venture on US soil. The company’s two properties in Dubai opened at the end of 2018.…

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Pennsylvania Casino Market Figures Not So Hot When Adjusted for Inflation

Pennsylvania casinos either enjoyed their best year of all time in 2018 or their worst since 2010, depending on how much of a stickler you are for economics. Pennsylvania’s “record” figures actually suggest the sector has been in decline since 2012, albeit by relatively fine margins. So, could the state’s…

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Casino Stocks Performing Far Worse Than Indexes, But Analysts Remain Bullish on Gaming Industry

Casino stocks have suffered losses much greater than that of many Wall Street general indexes over the past 12 months, but financial analysts remain bullish on numerous gaming companies. Wall Street analysts believe several casino stocks are poised for gains in 2019. (Image: Brendan McDermid/Reuters) The Vaneck Vectors Gaming ETF…

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Derek Stevens Announces Circa Las Vegas Resort and City’s Largest Sportsbook

Derek Stevens, the flamboyant owner of the D Casino and Golden Gate in downtown Las Vegas, unveiled plans this week for a 777-room hotel resort that will be known as Circa. Derek Stevens is bringing Circa to downtown Las Vegas in 2020. (Image: Sam Morris/Las Vegas News Bureau) After months…

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MGM Resorts to Layoff Three Percent of Workforce to Reduce Costs, Increase Earnings

MGM Resorts revealed this week in its “2020 Plan” that it will trim its total workforce by roughly three percent over the next 12 months, which means around 2,100 current staffers will likely be out of a job at this time next year. MGM Resorts CEO Jim Murren says the…

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Las Vegas Strip Revenues Impacted by Bumped Up Resort and Parking Fees in 2018

Las Vegas Strip revenues took a hit from casino resort and parking fees that kept on climbing in 2018. And at a time when gaming operators might have pushed a more welcoming structure on visitors — in the wake of the gruesome shooting late last year that left 58 dead…

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UK Fixed-Odds Betting Terminals Stakes Get Slashed, Bookies Bear the Brunt in 2018

Storm clouds were gathering on the UK betting industry’s horizon as the New Year broke. A 2017 government regulatory review into fixed-odds betting terminals (FOBTs) had threatened to cut the maximum £100 ($130) stakes on the machines, but to what? The reduction of maximum stakes on fixed-odds betting terminals (FOBTs)…

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Biggest Gaming Industry Legal Conflicts, Battles, and Outright Wars of 2018

The gaming industry kept its legal teams busy in 2018, as an onslaught of critical issues hit litigation — or threatened to — between casinos, ancillary businesses, federal, state, and tribal governments, and just plain old regular folks. Although MGM Resorts and its CEO Jim Murren expressed sympathy after the…

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Macau Expected to Post Record Visitation Tally in 2018

Macau casinos have reduced their focus on the high roller VIP, and their transition to the mass market is leading to record visitation traffic in the Chinese Special Administrative Region (SAR). More visitors than ever are arriving in Macau, and that’s of course good news for the enclave’s widespread gaming…

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Concerns Raised That US Casino Operators in Macau Could Be Targeted in US-China Trade War

US casino operators licensed in Macau – Las Vegas Sands, MGM Resorts, and Wynn Resorts – could become targeted by Chinese authorities in retaliation of the ongoing trade war between the United States and People’s Republic. Ongoing tensions between presidents Donald Trump and Xi Jinping could impact US casino operators…

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