News

GMA quoted in iGamingBusiness.com

Las Vegas goes back to the future

by Buck Wargo

Las Vegas takes a step closer to normalcy on Saturday when it expands to 80% of its capacity and prepares for the return of full-scale entertainment this summer- a big milestone since non-gaming amenities set the city apart from other US casinos.

Las Vegas took a step back in that regard when it reopened in June 2020 after a two-and-a-half-month novel coronavirus (Covid-19) shutdown.  It went wihtout entertainment, conventions, nightclubs and other amenities when it reopened to a 50% capacity on its gaming floors and restaurants and strict social distancing requirements.

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GMA quoted on OnlinePokerReport.com

Voices of Support Were Plentiful at Today’s Committee Hearing For Online Casino Gambling in Illinois

by Heather Fletcher

Illinois lawmakers are moving forward on their promise to consider legalizing online casino gambling in 2021.  To that end, members of the Illinois House Executive Committee held a hearing today on the proposed Internet Gaming Act.

Anyone watching the Illinois General Assembly consider the act probably came away with an optimistic impression.  If there’s any remaining cause for skepticism, it’s mainly about the launch date.  although Illinois sports betting became legal in spring 2019, the first app only launched on June 18 the following year.  The state is hoping for a much faster timeline from iGaming legalization to launch.

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GMA quoted in CDC Gaming Reports

Nevada casinos top $1B in gaming revenues in March; LV strip totals up 67%

by Howard Stutz

Nevada’s gaming revenue figures for March offer some comfort the state is showing the beginnings of a rebound from the year-long economic devastation brought about by the pandemic.

Casinos statewide collected more than $1 billion in gaming revenues during March, an increase of 72.6% compared to the same month a year ago when gaming was halted for 78 days due to COVID-19.

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GMA quoted on Online Poker Report

Voices of Support Were Plentiful at Today’s Committee Hearing for Online Casino Gambling in Illinois

by Heather Fletcher

Illinois lawmakers are moving forward on their promise to consider legalizing online casino gambling in 2021.  To that end, members of the Illinois House Executive Committee held a hearing today on the proposed Internet Gaming Act.

Anyone watching the Illinois General Assembly consider that act probably came away with an optimistic impression.  If there’s any remaining cause for skepticism, it’s mainly about the launch date. Although Illinois sports betting became legal in spring 2019, the first app only launched on June 18 the following year. The state is hoping for a much faster timeline from iGaming legalization to launch.

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GMA quoted in Las Vegas Review Journal

Las Vegas Valley casinos allowed 80% occupancy starting May 1

by Richard N. Velotta

The Nevada Gaming Control Board late Friday issued a new health and safety directive that will enable 80 percent occupancy in most casinos and a 3-foot social distancing requirement, effective May 1.

The state’s directive for wearing facial coverings as a means to slow the coronavirus pandemic remains in place.

The board’s notice offers a county-by-county directive on capacity limitations for gaming areas.

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GMA quoted in GGR Asia

Japan still draw for casinos, doubts on returns: panel

Japan was likely to remain a major opportunity for investment by international casino firms, though the eventual level of return on capital investment was subject to many variables.  So heard a Thursday panel session of the Japan IR Forum, an online conference about he casino industry in that country.  Such gaming venues with tourism facilities are known in Japan as integrated resorts, or IRs.

The panel was moderated by Peter Cohen, director of regulatory affairs at The Agenda Group, and a former state regulator in Australia for gaming.

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GMA quoted in CDC Gaming Reports

NFL signs sports betting partnerships with Caesars, DraftKings and FanDuel

by Howard Stutz

The National Football League, which long opposed any connection to legalized sports betting, announced Thursday its first-ever partnership with three of the largest sportsbook operators in teh U.S. – Caesars Entertainment, DraftKings, and FanDuel.

Through the agreement, the gaming companies have the “exclusive ability” to utilize NFL trademarks within their sports betting operations both in retail settings and online.  The sportsbook operators will also engage with fans through NFL-themed free-to-play games.

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GMA quoted in the Las Vegas Review Journal

Arizona lawmakers approve legislation to introduce sports wagering

by Richard N. Velotta

Nevada’s neighbor to the south hopes to roll out sports wagering by the end of the year after the Arizona House version of an expansive gaming bill was approved by a substantial majority.

Arizona Gov. Doug Ducey has indicated he intends to sign the legislation, which not only would allow Arizonans to place legal sports wagers at 20 locations – the homes of 10 professional sports franchises and 10 tribal casinos – but also expand the number of casino games available in tribal casino with revised compact agreements with tribes.

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GMA quoted on CDC Gaming Reports

Having a ‘Las Vegas presence’ drove Bally’s interest in acquiring the Tropicana

by Howard Stutz

Bally’s Corp. CEO Soo Kim worried the market for casino acquisitions on the Las Vegas Strip was “tightening up” after Las Vegas Sands parted ways with Venetian, Palazzo, and Sands Expo for $6.25 billion, the unfinished Fontainebleau-Drew was sold to Koch Real Estate Investments, and Caesars Entertainment said it wouldn’t sell one of its properties until 2022.

The company took another look at Tropicana Las Vegas

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GMA quoted in Crains Detroit

Ilitches’ Atlantic City casino purchase signals new strategy for its gaming expansion

By Kurt Nagl

The Ilitch organization’s pending ownership stake in an Atlantic City casino announced earlier this week caught many off guard, but the family’s gaming expansion plan has been more than 15 years in the making.

The original strategy of developing new casinos, devised back when family matriarch Marian Ilitch, 88, took complete ownership of MotorCity Casino Hotel in 2005, failed to come to fruition.  But gaming experts say the family’s purchase of up to 50 percent of the Ocean Casino Resort in the New Jersey tourist town signals a new strategy for an expansion plan still very much on the table.

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