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COVID-19 Pandemic Leads LVCVA to Slash Budget

Author Archive

11 April

COVID-19 Pandemic Leads LVCVA to Slash Budget

By Liev Jackson Blog • No Comments

The Las Vegas Convention and Visitors Authority (LVCVA) is likely to drastically cut its operating budget by millions of dollars and delay some key capital projects due to financial shortfalls…

11 April

Coronavirus-Related Casino Closures Take a Toll on Indiana, City Budgets

By Liev Jackson Blog • No Comments

Indiana reported its March gaming figures on Thursday, and revenues plummeted, as expected thanks to the COVID-19 outbreak forcing the closure of the state-licensed casinos for the last half of…

11 April

Sports Fans Polled Won’t Feel Safe at Games Before Coronavirus Vaccine

By Liev Jackson Blog • No Comments

Nearly three in four sports fans say they would not feel safe attending a game or event until a vaccine for the COVID-19 disease has been developed. Tickets might be…

11 April

Wynn Is Still Losing Money, Company Expects Big Q1 EBITDA Decline

By Liev Jackson Blog • No Comments

Wynn Macau continues losing money, although casinos in the world’s largest gaming center are open for business. The company expects the cash burn will continue as long as protocols implemented…

11 April

Celebrities Supporting Laid Off MGM Resorts Employees

By Liev Jackson Blog • No Comments

MGM Resorts has furloughed approximately 60,000 workers in the United States. But numerous celebrities with business ties to the casino operator are stepping up to help them overcome the difficult…

11 April

Tennis Supposedly Targeted by Match Fixers as Coronavirus Halt Neared

By Liev Jackson Blog • No Comments

Corrupt gamblers looking to exploit a looming suspension forced by the COVID-19 outbreak allegedly targeted lower level tennis tours in the first three months of this year, according to new…

10 April

Massachusetts Gamblers Get More Time to Collect Winnings

By Liev Jackson Blog • No Comments

The Massachusetts Gaming Commission (MGC) is giving gamblers more time to collect winnings, allotting for the temporary closures of the state’s three casinos because of the coronavirus outbreak. Massachusetts gamblers…

10 April

Station Casinos Will Pay Workers Through May 15

By Liev Jackson Blog • No Comments

Station Casinos will pay its employees through at least May 15, a huge relief to workers, as the Nevada unemployment system continues to be overwhelmed. Station Casinos workers won’t be…

10 April

GLP, MGM Growth and Vici All Get Negative Outlooks From Moody’s

By Liev Jackson Blog • No Comments

Gaming and Leisure Properties (NASDAQ:GLPI), MGM Growth Properties (NYSE:MGP), and Vici Properties (NYSE:VICI) each had outlooks on their credit ratings lowered to “negative” from “stable” by Moody’s Investor’s Service. The…

10 April

Las Vegas Sands Founder Sheldon Adelson Richest Casino Billionaire

By Liev Jackson Blog • No Comments

Sheldon Adelson, the founder and chairman of Las Vegas Sands, remains the world’s richest casino billionaire, his estimated net worth at $26.8 billion. Sheldon Adelson is the richest person alive…

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