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Strong Q3 results for Las Vegas Sands and what that means for other casino operators with a footprint in Asia

Las Vegas Sands (LVS), the world’s leading developer and operator of convention-based integrated resorts, released its Q3 results for the quarter ending on September 30th, 2023. After completing the sale of its Vegas properties including The Venetian, Palazza, and Venetian Expo for $6.25bn in 2022...

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The Evolution of the Las Vegas Strip: From Gambling Mecca to Entertainment Paradise

The Las Vegas Strip, a legendary stretch of road in the heart of the Nevada desert, has long been synonymous with gambling. For decades, it drew visitors from around the world with the promise of slot machines, poker tables, and the chance to strike it rich. However, over the years, the Las Vegas St...

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Casino Odds - What is the house edge

Understanding Casino Odds: How to Maximize Your Winning Chances

Casinos are captivating places filled with excitement, lights, and the promise of fortune. However, they are also businesses designed to make a profit. Understanding the odds of winning in a casino is essential for anyone who sets foot on the gaming floor. In this feature, we'll delve into the odds ...

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Unlocking Casino Success: Strategies for customer retention, revenue growth, and sustainable profits

In the captivating realm of casinos, where fortunes ebb and flow, a new paradigm shift is underway. Beyond the spinning roulette wheels and rolling dice, casinos are embracing a holistic approach that relies on cutting-edge technology, data analytics, and an astute understanding of human behavior. T...

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Sports Betting Regulation in the United States: Journey towards legalization, economic growth, and responsible gambling

The landscape of sports betting in the United States has undergone a remarkable transformation over the past decade, evolving from an underground and illegal activity to a fully regulated industry in several states. This article delves into the history, current status, and implications of sports bet...

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DraftKings Making a Play for the Online Sports Betting Crown

October 20, 2023

The hierarchy of sports betting sites is experiencing some upheaval at the top. That is because more and more data is pointing to a changing of the guard when it comes to the mobile side of legal sports betting market share in the United States. Namely, it looks like DraftKings has seized, or is getting closer to seizing, the top spot from FanDuel, which has long been the leader among U.S. online sports betting operators. DraftKings has typically run second in the rankings, but numbers recently reported by state regulators show DraftKings claiming the top spot, or at least coming within arm’s reach.


Casino Stocks Spark Higher As Macau Comes To Life

October 19, 2023

Casino stocks jumped Thursday after Las Vegas Sands (LVS) noted strong recovery at its Macao and Singapore resorts during its Q3 earnings late Wednesday. LVS stock and Wynn Resorts (WYNN) swung higher. The gaming resort operator reported adjusted earnings of 55 cents per share compared to a loss of 27 cents per share in 2022. The results marked three consecutive quarters of positive earnings. Revenue leapt to $2.8 billion from $1.01 billion last year. FactSet analysts expected earnings of 55 cents per share on $2.72 billion in revenue.


3,700 Detroit casino workers go on strike against MGM, MotorCity & Hollywood

October 17, 2023

Thousands of Detroit casino workers are now on strike after the Detroit Casino Council and MGM, Hollywood Casino and MotorCity Casino could not come to an agreement.The Detroit Casino Council represents the 3,700 casino workers across five unions - UNITE HERE Local 24, United Auto Workers, Teamsters Local 1038, Operating Engineers Local 324 and the Michigan Regional Council of Carpenters.


Virginia Supreme Court reinstates ban on slots-like skill games

October 13, 2023

In a surprise order Friday, the Supreme Court of Virginia overruled a lower court and reinstated the state’s ban on slots-like skill machines, saying a lawsuit challenging the ban on free speech grounds is unlikely to succeed.The high court was reviewing the propriety of a lower court’s longstanding injunction that has been preventing the state from enforcing a ban on the machines that took effect in the summer of 2021.


Clark County passes ordinance to ban street vendors from Las Vegas Strip

October 3, 2023

The Clark County Commission passed an ordinance to ban street vendors from the Las Vegas Strip, while the path for a license is still months away.Clark County leaders carried out the first mandate from recently-passed Senate Bill 92: by October 15, cities and counties must create ordinances to ban street vendors from within 1,500 feet of resorts and casinos, conventions and stadiums.


Macau welcomed post-pandemic high of 158,726 visitor arrivals on Saturday in strong start to Golden Week

October 2, 2023

Macau welcomed a post-pandemic high of 158,726 visitor arrivals on Saturday, up 473% year-on-year in what was a promising start to this year’s eight-day Golden Week holiday period.According to figures from the Public Security Police Force, this took the total number of arrivals for the first two days of Golden Week to 246,815 after there were 88,089 arrivals on Friday. By comparison, visitor arrivals over the first two days of the holiday period are up 394% over the same period in 2022 but down 4.2% on the 257,600 arrivals across the first two days in 2019.


September Storm Rattles Macau, Gaming Revenue Drops 13 Percent

October 1, 2023

Macau readied for a significant storm in early September that resulted in the local government ordering its six casino operators to temporarily shutter their resorts. Macau’s Gaming Inspection and Coordination Bureau released September gaming revenue numbers for the six operators in town. September gross gaming revenue (GGR) totaled MOP14.93 billion (US$1.85 billion), a more than 13% decline from August when the casinos won $2.13bn


Global Online Gambling & Betting Market is Anticipated to Reach US$ 182.2 Billion by 2031, Expanding at an 11.5% CAGR: TMR Report

September 26, 2023

The online gambling & betting market acquired a valuation of US$ 62.0 billion in 2021. It is anticipated to register an 11.5% CAGR from 2022 to 2031 and by 2031; the market is likely to gain US$ 182.2 billion. Real-time, in-play betting is gaining traction as bettors seek more dynamic and engaging experiences. It allows users to place bets during live events, enhancing the excitement and potential rewards. VR technology is revolutionizing the way people experience online gambling.


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