News

GMA quoted on KMTV 3 News Now Omaha

Unicameral weighing bill legalizing sports gambling

By Jon Kipper

The voters approved it, now lawmakers are figuring out how it will work.

Casino gambling at some point in the future will be taking place at Nebraska racetracks.

State Sen. Tom Briese of Albion is looking into how casino gaming will be regulated.

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GMA quoted in the Las Vegas Review Journal

Tilman Fertitta taking Golden Nugget, Landry’s public through merger

By Bailey Schulz

Tilman Fertitta’s Golden Nugget and Landry’s Inc. will go public once again through a deal valued at $6.6 billion.

Houston-based Fertitta Entertainment Inc., parent company of Golden Nugget and Landry’s is set to hit the New York Stock Exchange in the second quarter through a merger with blank-check company FAST Acquisition Corp. Fertitta took his company private in 2010 after 17 years of trading publicly.

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GMA quoted in GGB News

Massachusetts Sports Betting Not A Sure Thing

Massachusetts should have little trouble passing sports betting legislation.  Yet a bill with positive support in 2019 – with backing from the Governor – went nowhere.  Same thing in 2020.

As for 2021, well Massachusetts lawmakers agreed to a $627 million economic development deal January 5, at the end of a legislative session.

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GMA quoted in the Las Vegas Review Journal

Association working on ways to boost travel industry’s recovery

By Bailey Schulz

The U.S. Travel Association is ready to kick-start the recovery of the travel industry, which has so far suffered more than $500 billion in pandemic-related losses.

Heads of the nonprofit organization said Wednesday that they are working with the Biden administration on policies that can be implemented within the president’s first 100 days in office.  While these efforts could help economic revivals in tourism-dependent cities like Las Vegas, the USTA acknowledged roadblocks to recovery, including a potential new federal mandate that would require COVID-19 testing for domestic flights.

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GMA quoted in the Las Vegas Review Journal

Goldstein, Dumont elevated to leadership of Las Vegas Sands

By Richard N. Velotta

Las Vegas Sands Corp. on Tuesday named Robert Goldstein its chairman and CEO to officially succeed Sheldon Adelson in those roles.  Patrick Dumont was named the company’s president and chief operating officer.

Adelson died Jan. 11 after a battle with non-Hodgkin lymphoma.

The company also selected Randy Hyzak ass chief financial officer.

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GMA quoted in Las Vegas Review Journal

Virginia, Michigan become latest to offer sports betting on apps

By Richard N. Velotta

Virginia and Michigan became the 19th and 20th states to offer legal sports wagering on apps last week.

Both states started up prior to the National Football Conference and American Football Conference championship games played Sunday and provide plenty of lead time before Super Bowl LV, which will be played in Tampa on Feb. 7.

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Article by Brendan Bussmann published in Global Gaming Business Magazine

Windy City Gaming

By Brendan Bussmann

Casinos in urban environments, not always the norm, have offered challenges in certain jurisdictions.

Major markets such as Philadelphia have had casinos near downtown for years.  Pittsburgh and Detroit also feature casino gaming in downtown settings.  The Washington D.C. market, with MGM National Harbor, has also made an impact.  But in recent years, more developers have embraced urban environments to meld properties into the fabric of the greater communities they serve.  Two of the more recent examples were in Massachusetts, with MGM Springfield and Encore Boston Harbor.

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GMA quoted in the Las Vegas Review Journal

Gaming Abstract shows just how big the industry’s economic hole is

by Richard N. Velotta

To say Nevada’s largest casinos had a rough 2020 fiscal year would be a huge understatement.

The Nevada Gaming Control Board on Friday released the Nevada Gaming Abstract 2020, a 179-page statistical report calculating revenue from gaming, food and beverage, rooms and other sources for 267 casinos across the state that grossed $1 million or more in gaming revenue during the fiscal year that ended June 30.

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GMA quoted on SportsHandle.com

Experts Predict Which States Will Add Sports Betting In 2021

by John Brennan

Gaming industry insiders on Thursday’s iGaming Business virtual panel offered their expertise on the changes of a wide variety of states either legalizing sports betting this year or adding mobile sports betting to their offerings.

And as has been the case of late, the eyes of the panel were on Texas – traditionally a state very resistant to any form of gambling.

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GMA quoted in the Wire China

The Playtika Prize

by Eli Binder

Shares of Playtika, one of the world’s hottest mobile gaming startups, soared about 17 percent on the first day of trading Friday, after the company raised nearly $2 billion in a huge initial public offering on the Nasdaq Stock Market.

The Israel-based maker of casino-style apps like Slotomania and World Series of Poker has more than 30 million active monthly users globally and generates about 70 percent of its business from gamers based in the United States.

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