Full House Reports Liquidity to Survive Pandemic

Nevada-based Full House Resorts has announced that it has sufficient liquidity to survive the shutdown relate to the Covid-19 pandemic, after implementing company-wide furloughs.

Published April 27, 2020

GLPI Completes Las Vegas Trop Acquisition

Gaming and Leisure Properties Inc. (GLPI) has completed its acquisition of the Tropicana Las Vegas from Penn National for $307.5 million; Penn will continue to operate the resort after...

Published April 27, 2020

WSOP Postponed Until Fall

Following weeks of speculation, the World Series of Poker canceled its annual tournament due to the coronavirus pandemic. WSOP Director Ty Stewart (l.) said it’s important to “prioritize guest...

Published April 27, 2020

California Card Club Cities Battered by Shutdown

Some small cities in California derive a big part of their tax revenues from local card clubs. The shutdown of casinos by the coronavirus is creating a crisis in...

Published April 27, 2020

Rhode Island’s Casino Money Melts Away

Casinos provide the third largest source of governmental tax revenue to the state of Rhode Island. The closure of Twin River’s Lincoln and Tiverton casinos last month due to...

Published April 27, 2020

Mississippi Casino, Lottery Revenues Drop

Mississippi casinos, which closed March 16 due to Covid-19, saw their profits for the month drop nearly 50 percent, from $124 million in 2019 to $67 million this year....

Published April 27, 2020

PA’s Wolf Announces Reopening Plan

Pennsylvania Governor Tom Wolf has laid out a six-point phased plan that would lead to the reopening of the state, including the 12 shuttered casinos.

Published April 27, 2020

Las Vegas Operators Look to a Cautious Reopening

In Las Vegas, a partial return to business could come as soon as early May. Governor Steve Sisolak has refused to name a date. And, despite recent controversial statements...

Published April 27, 2020

Virginia Lawmakers Approve Amendments

Virginia Governor Ralph Northam's (l.) signature is all that's missing to move forward legislation allowing casinos in five cities after local referendums. Lawmakers approved Northam's amendments, including one granting...

Published April 27, 2020

AC Job Losses Among Nation’s Worst

In New Jersey, a disproportionate percentage of the newly unemployed are from Atlantic County, which depends largely on the hospitality and tourism industries. Analysts predict a cruel summer should...

Published April 27, 2020

SBA Opens Door to Smaller Gaming Companies

The U.S. Small Business Administration (SBA) last week released revised regulatory guidelines that permit eligible small gaming entities to participate in the Paycheck Protection Program (PPP). The guidelines reverse...

Published April 27, 2020

$600 Million Bonds Approved for LA-to-Vegas Rail

The committee responsible for issuing tax exempt bonds has approved of issuing $600 million in bonds towards construction of a Virgin Trains USA project. The $4.8 billion XpressWest project...

Published April 20, 2020

Study: U.S. Hotels Nearly Empty

The first week of April saw hotel vacancies at almost 80 percent across the country, and the rest of the month could be worse, according to a new report...

Published April 20, 2020

LV Convention Center Expansion Still a Go

The Las Vegas Convention and Visitors Authority said work continues on the $1.5 billion convention center expansion, which should open in time for the CES trade show in January....

Published April 20, 2020

Rivers Casino Announces Furloughs, Pay Cuts

Rivers Casino in Des Plaines, Illinois closed March 15, and the property has furloughed 1,442 of its 1,493 employees through June 30. The company will continue to pay health...

Published April 20, 2020

Affinity Furloughs Nevada, Missouri Employees

Employees at several of Affinity Gaming casinos, closed due to the Covid-19 virus, received temporary furlough notices after previously being paid. More than 1,900 workers were laid off at...

Published April 20, 2020

Shutdown Takes Revenue Toll, Boosts iGaming in N.J.

The March closure of Atlantic City casinos, coupled with the suspension of sports, had a crippling impact on gaming revenues in March. It also boosted online results as players...

Published April 20, 2020

Missouri Gaming Commissioner Requests Audit

A member of the Missouri Gaming Commission has asked auditor Nicole Galloway (l.) to investigate allegations by departing Executive Director Dave Grothaus about pushback from state police over suggested...

Published April 20, 2020

Two Face Off For Arkansas Casino License

The legal battles are over, and now Mississippi's Gulfside Casino Partnership and Oklahoma's Cherokee Nation Business will compete for the Pope County, Arkansas casino license.

Published April 20, 2020

Indiana Gaming Revenue Plunges By Half

Indiana casinos, ordered to close March 16, saw a revenue drop of 52 percent from February to March, and the state lost $31 million in taxes. Mayor Anthony Copeland...

Published April 20, 2020