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Industry
December 18, 2020
Louisiana Agrees on DFS Regulations, LGCB To Launch Licensing Process
Louisiana lawmakers agreed Wednesday on Daily Fantasy Sports (DFS) regulations, prompting the LGCB to start licensing operators. Forty-Seven Parishes Will Offer DFS Daily Fantasy Sports (DFS) play in Louisiana could soon be regulated, more than two years after its legalization in 47 of 64 parishes. The state’s House and Senate Committees in charge of gambling […]
Business
December 17, 2020
DraftKings Launches Industry-First Retail Gift Card with InComm
Joining forces, DraftKings and InComm Payments launch a retail gift card. The industry-first gift card will expand DraftKings reach with both physical distributions in retail stores and brand presence. The new gift card will be available in popular convenience stores such as Speedway, 7-Eleven, Dollar General, and Sheetz. DraftKings and InComm Ink Agreement to Launch […]
Industry
December 16, 2020
Wynn Las Vegas: Union Scheduling and Healthcare Request “Forces” Layoffs
Wynn Resorts said Monday that the Culinary Union’s request for 40-hour schedules and healthcare benefits “forces” the company to lay off employees. Layoffs Could Begin in Early 2021 On Monday, Wynn Resorts warned its Las Vegas employees of possible layoffs as early as January 11, following the Culinary and Bartenders Union’s request that full-time employees […]
Industry
December 16, 2020
Highly Travel-Dependent Nevada Economy Faces Gloomy Outlook
As the new year approaches, many people from the hospitality and entertainment industry continue to ask themselves what would take for the economy in Nevada to bounce back to normal and the answer to the dilemma seems to be out of any tourism slogan. Travel-Dependent Being highly dependent on airline and international travel, Nevada is […]
Casino
December 15, 2020
Penn Acquires Operations at Hollywood Casino Perryville
Penn National Gaming announced today the company would be re-entering the market in Maryland as it entered into a definitive agreement with the real estate investment trust (REIT) Gaming and Leisure Properties (GLPI) to acquire the operations of Hollywood Casino Perryville. “Penn National is excited to acquire the operations of Hollywood Casino Perryville, a property […]
Legal
December 15, 2020
Californian Tribes Racing to Introduce Sports Betting Law in 2022
Californian tribal leaders have submitted a charter with 1.4 million signatures to the state authorities to put sports betting on the ballot in 2022. Tribes Submit 1.4m Votes Requesting Sports Betting Ballot in 2022 California is drawing closer to a legalized sports betting industry, and then again it isn’t. However, new developments are quite common […]
Industry
December 15, 2020
Wynn CEO: Macau Operators Would Benefit From Functioning US-China Relations
Wynn Resorts CEO Matt Maddox told the AGA that improving the tense relations between the US and China could benefit Macau’s casino operators. Softening the US-China Relationship is Crucial The tense relationship between the United States and China could improve under the Biden administration, according to Matt Maddox, Wynn Resorts CEO. Better relations would benefit […]
Casino
December 15, 2020
AGA Finds 2021 Promising for Higher Slot Reporting Threshold
As the casino industry expands across the country, and the amount of slot jackpots grows, so does the problem with the slot reporting threshold. The IRS Threshold Issue Was Raised at the First G2E Insider Live Webinar The issue of the low IRS threshold was commented on in the first G2E Insider Live webinar, “The […]
Industry
December 15, 2020
Legal Cannabis Unlikely to Impact Atlantic City Casinos
New Jersey has legalized the recreational use of marijuana, but that’s unlikely to significantly impact the local gambling industry. New Jersey Legalizes Cannabis On November 3, the US State of New Jersey approved a Legislature bill that legalizes cannabis use. Currently, cannabis is legal only for medical use but recreational use will also be legalized […]
Business
December 14, 2020
Nevada Extends COVID-19 Restrictions until January 15
The existing COVID-19 restrictions in Nevada will last until January 15, announced Governor Steve Sisolak. Although the pandemic is still ongoing, the Governor revealed that for the moment, the casino industry will remain operational, helping the state with vital gaming tax revenue. Governor Sisolak Extends the COVID-19 Restrictions Nevada Governor Steve Sisolak revealed yesterday that […]