New Jersey Casinos Could Get Restricted Tax Breaks, Loans
Atlantic City’s nine casinos stand to benefit from bills that were introduced this week in the New Jersey Assembly that provide gaming businesses with limited loans and tax credits in…
Louisiana Could Turn to Sports Betting to Boost State Revenue
Two essentially identical sports betting bills proposed by a pair Republican state senators in Louisiana easily passed through the chamber’s Judiciary Committee Tuesday, potentially setting the stage for voters there…
Northern Quest Casino Reopens in Washington State, Reaction Mixed
Washington State’s Northern Quest Resort & Casino is the latest tribal venue to reopen its gaming floor to players. Increased safety precautions were in place on Tuesday at the property,…
Brazil Lawmaker Believes Casinos Cure for Coronavirus, Heal Economy
A lawmaker in Brazil says legalizing commercial casinos would help South America’s largest country rebound from the economic devastation of COVID-19. The coronavirus situation in Brazil is dire, as the…
Remark Holdings Emerges From Obscurity on Wynn Deal Rumors
Remark Holdings, Inc. (NASDAQ:MARK), a small Las Vegas company perhaps best known for owning the Bikini.com and Vegas.com web sites, is soaring Wednesday. That’s amid social media-fueled rumors that the…
Closed Maryland Casinos Costs State $60M, Education Loses $45M
Maryland casinos won $145.23 million in April of 2019, but $0 last month, as all six gaming properties were closed by COVID-19. MGM National Harbor and the five other Maryland…
Oklahoma AG Says Gov. Stitt Had No Right to Promise Sports Betting
Oklahoma Gov. Kevin Stitt lacks the authority to enter into tribal gaming compacts that include sports betting, his attorney general contends, because this type of wagering has not been approved…
Wynn Posted a Q1 Loss, Suspends Dividend Due to Coronavirus
Hamstrung by closures stemming from the global coronavirus pandemic, Wynn Resorts (NASDAQ:WYNN) reported a first-quarter loss of $3.77 a share, as revenue plunged 42.3 percent to $953.7 million. Wynn posted…
Henderson Councilwoman Declares Coronavirus ‘Mission Accomplished’
Henderson Councilwoman Michelle Romero (Ward 1) believes the city has successfully contained COVID-19, and it’s time to get the local economy back up and running. A Henderson council member feels…
MGM Resorts Appoints First African-American Woman to Lead Borgata
MGM Resorts has named Melonie Johnson the next president of Borgata. She is the first Africa-American woman to lead an Atlantic City casino. MGM Resorts executive Melonie Johnson is moving…