News

GMA quoted in the Las Vegas Review Journal

Penn signs 20-year sports wagering deal with New York casino

by Richard N. Velotta

If New York lawmakers approve mobile sports wagering, Penn National Gaming Inc. is ready.

The Wyomissing, Pennsylvania-based regional gaming company on Monday announced it has entered a 20-year strategic partnership with Capital Region Gaming LLC, which operates the Rivers Casino & Resort in Schenectady, New York.

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GMA quoted in the Las Vegas Review Journal

MGM resuming 24-7 operations at 3 Strip properties

by Bailey Schulz

MGM Resorts International is set to ramp up operations to match growing travel demand to Las Vegas.

The Mirage, Mandalay Bay and Park MGM are set to expand hotel operations to operate 24-7 starting March 3.  All three Strip properties have been operating with their hotel towers shuttered midweek.

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GMA quoted on PlayUSA.com

A Basic FAQ to Playing Online Poker in Michigan

by Brant James

Michigan online poker finally became a reality on Jan. 29 as PokerStars went live a week after online gambling launched – and business has been booming.

“The recent court ruling on the Wire Act out of the First Circuit provided some further cushion to the online gaming market across the country including in Michigan,” Brendan Bussmann, governmental affairs director at Global Market Advisors told PlayUSA.  “It is an opportunity compliment gaming revenue in the state include through online poker that has shown success across state borders through the compact.”

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GMA quoted on iGaming Business online

Industry 2021 predictions: part two – land based operators and suppliers

As we look to the year ahead, industry experts share their thoughts on the opportunities and challenges facing the industry.

In part two we talk to land-based operators and suppliers, while in parts three to eight we will cover finance, marketing, people, technology and innovation, regulation and social responsibility.

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GMA quoted in CDC Gaming Reports

Revisions aside, maybe it’s time to get rid of the ‘archaic’ Wire Act altogether

By Howard Stutz

Nearly 60 years have passed since Congress created the Federal Wire Act.  U.S. Attorney General Robert Kennedy pushed the legislation as a deterrent to organized crime by making the transmission of interstate gambling information illegal.

But the Wire Act has outlived its usefulness.

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GMA quoted in the Las Vegas Review Journal

Easing casino floor restrictions seen as move in right direction

By Bailey Schulz and Mike Shoro

Las Vegas casino floors are set to return to a 50 percent occupancy limit by mid-March, a move industry watchers say offers a glimpse of hope on the gaming and hospitality industries’ road to recovery.

The easing of restrictions comes just in time for Las Vegas’ busy season, with events such as March Madness, pool season and major convention bookings on the horizon.

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GMA quoted in the Las Vegas Review Journal

Glitches cause issues for some betting outlets during Super Bowl

by Bailey Schulz

Super Bowl LV’s betting volumes seemed to be too much for some sportsbooks to handle.

BetMGM, FanDuel, DraftKings, BetRivers and Barstool Sportsbook all reported technical difficulties on Sunday, one of the biggest sports betting days of the year. Experts say the problems are a sign of growing pains in a burgeoning industry.

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GMA quoted in GGB News

Analyst: Still A Chance to Salvage Saipan Casino

by Marjorie Preston

Back in 2010, it seemed like a surefire venture: a luxurious casino resort in an island setting, ringed by palm trees and within walking distance to white-sand beaches.  But five years later, the multibillion-dollar complex, still unfinished, was plagued by labor disputes, funding shortfalls, missed construction deadline and flailing leadership.

It sounds a lot like Imperial Pacific Palace Saipan, a beleaguered development in the western Pacific, also unfinished and also in danger of ruin.  But the resort in question is half a world away, in the Caribbean.

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GMA quoted in the Las Vegas Review Journal

Condos at Strip hotels can make future redevelopment challenging

By Bailey Schulz

Las Vegas’ skyline has never been stable.

In the ’90s and 2000s, the desert oasis-themed properties build during the city’s mob era were demolished to make room for bigger, more lavish properties.  Wynn Las Vegas replaced the Desert Inn, the Bellagio was built on the ashes of the Dunes, and The Venetian now offers gondola rides where the Sands once stood.

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GMA quoted in the Las Vegas Review Journal

US bettors to wager $4.3B on Super Bowl, a big drop from 2020

By Bailey Schulz

More than 23 million Americans plan to bet a total of $4.3 billion on Super Bowl LV, a 37 percent drop in expected handle compared with the figure from last year’s game.

A new report from the American Gaming Association said the drop was expected and almost entirely caused by pandemic-led restrictions at casinos across the country.  The largest declines are expected among retail sportsbooks and casual bets made in social settings, like pools or squares.  The total count also includes illegal bets online and with bookies.

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