COVID-19 Pandemic Leads LVCVA to Slash Budget
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…
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…
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…
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…
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…
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…
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…
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…
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…
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…
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…