Massachusetts Casinos Must Keep Up Payments

Massachusetts’ three casinos, closed since March 15 by the coronavirus, must still pay what they owe to their host cities and the state. So say mayors like Springfield’s Domenic...

Published April 20, 2020

In Las Vegas, Caesars, MGM Taking May 1 Reservations

It may be no more than wishful thinking on the part of the two casino giants, though as it stands Governor Steve Sisolak’s closure order expires on April 30....

Published April 20, 2020

Las Vegas Sands Cuts Dividends, Affirms Expansion Plans and Possible Purchases

Las Vegas Sands last week cancelled its dividend program but said it was continuing expansion plans in Macau and Singapore, and for the first time CEO Sheldon Adelson (l.)...

Published April 20, 2020

Massachusetts Extends Casino Closures to May 4

Massachusetts casinos won’t open again until May 4, at the earliest. The Massachusetts Gaming Commission last week voted to extend the closure; there are three casinos in the state,...

Published April 13, 2020

Maryland Casinos Generated $68.6M in March

Maryland casinos including MGM National Harbor (l.) generated $68.6 million in revenues in the first half of March, before the coronavirus shut them down beginning March 16.

Published April 13, 2020

Penn National Hunkers Down

Penn National Gaming is providing 26,000 furloughed employees health benefits through June 30 and access to an emergency fund while 41 properties are idle.

Published April 13, 2020

West Virginia Shuts Down Election Wagering

FanDuel's election betting lasted about two hours on April 7. Officials claim the West Virginia Lottery approved the launch but Secretary of State Mac Warner said "somebody jumped the...

Published April 13, 2020

Casino Billionaire Seeks Lenders

The man who owns Golden Nugget casinos and the restaurant line Landry’s Inc. is seeking $250 million in loans to stay afloat until the end of 2020. Billionaire Tilman...

Published April 13, 2020

New Mexico Racetracks Urge Live Racing During Covid-19

Fearing they will lose their livelihoods, horse owners and jockeys are urging the governor of New Mexico to allow live racing, but without anyone in the stands (Downs at...

Published April 13, 2020

Analysts: MGM Has Cash to Weather Covid Crisis

With an estimated $3.9 billion on the balance sheet and additional resources to tap if necessary, MGM Resorts International can hold out for months with no money coming in....

Published April 13, 2020

Wynn Looks to Borrow $600 Million

A private bond offering from Wynn Resorts (Beach Club at Encore Las Vegas at left) is aimed at shoring up the company’s finances in the wake of the...

Published April 13, 2020

FEMA OKs Disaster Relief for Nevada

The Federal Emergency Management Agency (FEMA) has come through with a pledge of new funding for Nevada health care workers and first responders battling the coronavirus. Governor Steve Sisolak...

Published April 13, 2020

Expert: Some AC Casinos May Not Survive C-19

The coronavirus lockdown could cost New Jersey $540 million a month in casino-related revenues, and one expert predicts some casinos in Atlantic City may not survive.

Published April 13, 2020

New Jersey Horseman Suit Unresolved

In 2014, the New Jersey Thoroughbred Horsemen’s Association won their battle to allow sports betting at Monmouth Park (l.). Now they want compensation for lost revenue between 2014 and...

Published April 6, 2020

Virus Ravaging Reno’s Convention Trade

More than half the events scheduled through June have been canceled or postponed. The resulting decline in room tax collections could seriously curtail operations at the Convention and Visitors...

Published April 6, 2020

Loss of AC Gaming Taxes Will Cost Social Services

The loss of casino revenue caused by the shutdown of land-based casinos in Atlantic City has cost more than $700,000 a day in taxes and associated fees. The losses...

Published April 6, 2020

Philly Live! Continues Construction

Despite a statewide shutdown of non-essential businesses in Pennsylvania, Stadium Casino LLC and its contractor obtained a waiver to continue working on the Live! Casino project.

Published April 6, 2020

Some Critical of Murren Parachute

Why is this man smiling? Following his “voluntary termination” from MGM Resorts International, and with the company facing critical challenges, former CEO Jim Murren (l.) left with a $32...

Published April 6, 2020

Gaming Executives Forego Salaries

Wynn Resorts will pay all its employees through May 15, and company leaders have agreed to pay cuts to help make it happen. Leading the way is CEO Matt...

Published April 6, 2020

Boyd Suspends Dividend, Planes Online Annual Meeting

Boyd Gaming has informed shareholders it will suspend a quarterly cash dividend due to the shutdown of its properties, and hold its annual meeting online due to the ongoing...

Published April 6, 2020