Nitin Mehta

In a significant turn of events, North Carolina Republican legislative leaders have decided to ditch their efforts to expand legal gambling in the state. Instead, they announced on Tuesday their intention to pass a final budget without the much-discussed provisions to allow up to four new casinos in the state.

Arguing that the outcome of the case could represent a “blueprint for expanding gaming outside of Indian lands,” a Florida pari-mutuel owner plans to ask the U.S. Supreme Court to weigh in on whether a multibillion-dollar deal giving the Seminole Tribe control of sports betting throughout the state violates federal law.

Commercial casinos in the U.S. had their best July ever this year, winning nearly $5.4 billion from gamblers, according to figures released Thursday by a national gambling industry group.The American Gaming Association said the casinos’ winnings were up nearly 6% from July 2022.The association also said the casinos remain on pace to have their best

The 5 billion yuan (US$685 million) sale is the government’s third offshore bond sale in Macau, after the debut 2 billion yuan issue in 2019, and 2022’s 3 billion yuan sale. The bond issue will support Macau in the development of its financial sector and the ‘appropriate diversification of the economy’, China’s Ministry of Finance

Republicans at the North Carolina legislature converged Tuesday in a standoff over an already long-delayed budget plan because the House and Senate disagree on adding provisions that would further expand state-sanctioned gambling.House Speaker Tim Moore said not enough of his GOP colleagues in the chamber are willing to support a final budget that includes the

Nearly every casino on the Strip has made the same change because, with huge events in the way, visitors have very little leverage. After its brief shutdown and a very long period where social distancing, mask rules, and limited international travel kept crowds low, the Strip has returned to 2019 crowds. Those numbers should get

Blackstone Real Estate Income Trust plans to sell a portion of its stake in The Bellagio Las Vegas to REIT Realty Income in a deal that values the asset at $5.1 billion. The 4,000-room Bellagio is operated by MGM Resorts International under a long-term lease. Realty Income, a company that owns over 13,000 properties in the U.S. and Europe, is paying $300 million for the 22 percent stake in the casino and resort. Realty Income is also investing in a $650 million preferred equity stake in the property known for its 8.5-acre lake and fountain shows along the Las Vegas Strip.

Last week the Disney-owned sports network ESPN announced a $2bn deal with a gaming company, Penn Entertainment, that will see the launch this autumn of a sportsbook called ESPN Bet.The biggest brand in American sports broadcasting graduating from covering gambling to promoting it is an about-face for Iger and a major step towards the mainstream for