Casino revenue in the United States reached an all time high in Q1 2021. Revenue increased more than 20% over Q4 2020. Sports betting revenue increased 270% over Q1 2020. LAS VEGAS – The casino industry appears to be recovering nicely from the COVID-19 pandemic, as Q1 of 2021 brought record profits. According to the … Read more
Medina Spirit is a +185 favorite to win the Preakness Stakes. The horse was allowed to run in the Stakes after a deal was reached with trainer Bob Baffert. The deal subjects Medina Spirit and Concert Tour to extra testing before the race. LAS VEGAS – The odds for the Preakness Stakes are out, following … Read more
MGM’s casinos and resorts in Las Vegas have received approval to reopen fully. This approval applies specifically to their gaming floors, and not restaurants. They join Wynn Resorts and The Cosmopolitan of Las Vegas as approved to reopen gaming at 100% capacity. LAS VEGAS – MGM’s casinos in Las Vegas have been approved to reopen … Read more
Ohio’s sports betting legalization bill has a unique setup. It splits the industry between the Casino Control Commission and the Ohio Lottery. This compromise could help it get passed in the 2021 Legislative Session. LAS VEGAS – Ohio’s preliminary sports betting legalization bill has a unique vision for a state-regulated gambing industry. Currently, most states … Read more
Medina Spirit won the Kentucky Derby, but then tested positive for betamethasone. Trainer Bob Baffert originally denied giving the horse the drug. Baffert put the blame on a trainer’s urine before putting the blame on a prescription medication. LAS VEGAS – Famed horse trainer Bob Baffert is embroiled in scandal after his horse, Kentucky Derby … Read more
Online casino operations have not been seeing high success on the NASDAQ. This could be attributed to retail casinos reopening. Online gambling has also been proven to be far from profitable for major operations. NEW YORK – Online gambling peaked in 2020 during the pandemic, leading to many iGaming investors going all in on stocks … Read more
Pennsylvania’s casinos will receive the green light to fully open on Memorial Day. There will still be a mask mandate in place until further notice. Over 50% of PA adults have begun the vaccination process. LAS VEGAS – Pennsylvania’s casinos have been given the green light to fully reopen in light of increased COVID-19 vaccine … Read more
Alabama’s lawmakers seem to have ground their potential online gambling bill into the ground. Disagreements over how licenses were determined and where the money was set to go may have torpedoed SB 319. The replacement bill, which would only legalize lottery gameplay, was too little too late, it seems. LAS VEGAS – Alabama, which seemed … Read more
The WSOP will not be back in Las Vegas until fall. To fill the void, the Wynn Las Vegas will be running their largest ever poker tournament. The Wynn Millions will run from June 24-July 2, and have a prize pool of $10 million. LAS VEGAS – Wynn Las Vegas is going to be running … Read more
Texas’ State Legislature considered multiple bills to legalize various forms of gambling. Neither of the bills seems likely to pass in the 2021 legislative session. Gamblers in Texas will likely have to wait longer for state regulated gambling. LAS VEGAS – Multiple proposals to legalize and regulate various aspects of online gambling and sports betting … Read more