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Casino
April 17, 2020
LVS Issued Investor Update, Suspending Dividend, Maintaining Capital Expenditure
Las Vegas Sands issued a press release today re-affirming its strategic priorities amid the ongoing health and economic crisis generated by the outbreak of the coronavirus-induced infection. The Nevada-based casino and hospitality operator Las Vegas Sands /LVS/ is deep in the midst of the virus-stricken gambling industry. And the impact on the operator is huge […]
Legal
April 15, 2020
New Emails Explain the West Virginia Political Betting Kerfuffle
In West Virginia, political betting was introduced by surprise last week but canceled only an hour after the regulatory go-ahead. This minor regulatory hiccup gave bettors hopes that they would be able to place bets on a new market but snuffed them out shortly after. Political Betting Throws a Curveball in WV West Virginia bookies […]
Legal
April 13, 2020
Virginia Governor Makes Last Minute Amendments to Bills Legalizing Casinos and Sports Books
Virginia legislative process regarding the expansion of state-wide gambling has one hurdle left to overcome before passing into law, Governor’s recommendations for changes in the text of the bills. And if state lawmakers do not agree to the proposed text amendments and return the bills back to the governor to sign, he will most probably […]
Sports
April 12, 2020
Majority of Americans Say Not to Attend Sports without COVID-19 Vaccine
A new poll has revealed that some 72% of all Americans would not feel safe attending live events without a coronavirus vaccine. Some 46% of respondents think that sports won’t return through 2020. 72% of Americans Won’t Feel Safe Going to Sports Events without Vaccine As the coronavirus lockdown continues to claim more sports competitions, […]
Casino
April 3, 2020
Caesars Will Furlough 90%, LVS Will Pay 100% for 2 Months
Caesars Entertainment announced Thursday the closure of their land-based gaming facilities in the US would affect 90% of its staff, employees who would remain employed but placed on furlough for an indefinite period of time. Trim Wage Costs The casino and hospitality operator that has nearly 64,000 employees on a payroll explained it would move […]
Casino
April 2, 2020
Nevada Casino Industry Closure Continues In Line With Federal Guidance
Casinos in Nevada will have to stay closed longer than the initial 30 days period, as Governor Steve Sisolak issued Wednesday a Stay at Home order and essentially extended throughout April all of the state’s emergency actions to mitigate the spread of the coronavirus /Covid-19/, including activating the National Guard. Virus Situation Requires Measures Extension […]
Sports
March 29, 2020
Aqueduct Racetrack Building Becomes A Hospital Overflow Facility
The New York Racing Association /NYRA/ announced Saturday that Aqueduct Racetrack building would serve during the period of combatting the coronavirus /Covid-19/ pandemic as a temporary hospital site, one of four emergency facilities to be set up in New York City. Temporary Local Facilities May Prove Vital After New York Gov. Cuomo explained on Friday […]
Business
March 28, 2020
Eldorado, Caesars Deal Faces Difficulties with Regulators
The coronavirus has put a crimp on the casino gambling industry’s hopes in the United States. Nevada has shut down all its casinos, and nationwide, there isn’t a single gambling establishment still open. Workers have been furloughed and the precariousness grows every day. A silver lining has been the fact that the Senate has voted […]
Casino
March 27, 2020
Eldorado Faces $2.3M Per Day Ticking Fees For Missing The Deadline
Recently, the American Gaming Association announced all commercial casinos in the US have temporarily closed, in response to the coordinated effort to stop the coronavirus /Covid-19/ infection from spreading further by cutting its transmission from one person to another. Tribal casinos were following suit, leaving the whole casino industry in a standstill, and raising some […]
Legal
March 10, 2020
Could Betting on Politics Be Coming to More States?
Politics and politicians are often very divisive topics in so many ways. While lots of people love to be part of these conversations, there is a significant chunk of people who would simply prefer to stay on the sidelines. Either way, politics is becoming harder to ignore than ever before thanks to the constant waves […]