Elaine Wynn officially out of Wynn Resorts
by Richard N. Velotta
It’s the end of an era for Wynn Resorts Ltd.
Company co-founder Elaine Wynn was required to withdraw a request for a gaming license as a company board director. She’s no longer eligible to serve on the board of directors because of company age policies.
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Nevada casinos face 25% occupancy limit under new COVID rules
by Bailey Schultz, Richard N. Velotta and Mike Shoro
The state’s economy will benefit from avoiding another shutdown, though new capacity restrictions will put further strain on the state’s economic engine, the gaming industry, and its bars and restaurants, experts say.
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Las Vegas economy still reeling from 1st shutdown. Is another coming?
by Bailey Schultz
Las Vegas’ businesses, employees and economy are still reeling from the state’s first shutdown. Is the city ready for another?
On Wednesday, Gov. Steve Sisolak said he would announce new measures to curb the spread of the novel coronavirus “very soon.” It’s unclear just how strict those restrictions will be for when they will go into effect, but experts say a second shutdown would have adverse effects on a number of industries within the state, and could push the state into deeper economic trouble.
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Station Casinos moving closer to new casino on long-dormant land
by Bailey Schultz
Four of Red Rock Resorts’ Las Vegas properties remain in the dark, but the locals-focused casino operator is already turning its attention toward future projects in the Las Vegas Valley.
According to a note from J.P. Morgan based on discussions with executives, the casino company is working on the design and development of a property on South Durango Drive, which it views as “the most underserved” area in the Las Vegas locals market.
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The Green Felt Road Is Bumpy, But Macau Is Bouncing
by James Rutherford
There have been some glitches in China’s restoration of tourist travel to Macau, but the positive effects in terms of visitation and gaming revenue clearly are making themselves felt.
“We’re not at pre-pandemic levels, as we hoped, but I think we will see a continual slow and steady climb as the visa situation improves and the travel bubble expands,” said Brendan Bussmann, director of government affairs for U.S.-based industry consultants Global Market Advisors.
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Vaccine gives industry hope
by Buck Wargo
The gaming industry and its stocks got a boost Monday when Pfizer announced its vaccine trial appears quite effective against the coronavirus.
That promising news comes as the industry mulls the impact of the presidential election won by Joe Biden and a U.S. Senate that will be decided by a runoff in Georgia in January.
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Legislature must prioritize keeping Nevada gaming gold standard
by Richard N. Velotta
Nevadans should hope that the state senators and Assembly members were paying attention last week to current events in the gaming industry along with their political races.
Voters in six states approved varying forms of expansion. That means new competition in the form of new sports betting in Maryland, Louisiana and South Dakota, new casinos in Virginia and Nebraska and higher betting limits in Colorado.
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Gaming votes in 6 states overwhelmingly approved by voters
by Richard N. Velotta
It could be days before some key political races are decided, but gaming issues in six states had decisive results in Tuesday’s election – and they all passed.
Sports wagering measures were approved in Maryland, Louisiana and South Dakota, and casino gaming was authorized in Virginia. Betting limits were eliminated in Colorado, and Nebraska established a regulatory system for casino gaming at the state’s racetracks.
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Gaming on the ballot: Virginia approves four casinos; sports betting coming to three states
by Howard Stutz
Ballot issues in six states were all headed toward approval by healthy margins Tuesday. Casinos will be added to four cities in Virginia, Nebraska’s racetracks will also add casinos, gaming options are being expanded in Colorado, and sports betting was approved in three states – Maryland, South Dakota, and Louisiana.
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