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Casino
def:
a
public room or building where gambling games are played.
Origin: early 18th century (in the sense ‘small
house’): from Italian, diminutive of casa ‘house’,
from Latin casa ‘cottage’. The sense ‘public
room for gambling’ dates from the mid 19th century.
History:
The
history of casinos is a transformation from ancient
social rituals to highly regulated, multi-billion-dollar
global entertainment hubs. While gambling is as old
as human civilisation, the "casino" as a
dedicated physical building emerged in 17th-century
Italy.
Key
Historical Eras
Ancient
Origins (3000 BC – 1600 AD) Earliest Evidence:
Archaeological finds in Mesopotamia show six-sided
dice made of bone used around 3000 BC.
China:
Early forms of lotteries and tile games (precursors
to dominoes) were used to fund state projects as early
as 200 BC.
Rome
& Greece: Betting on chariot races and gladiatorial
contests was common, leading Romans to invent the
first gambling chips to bypass anti-gambling laws.
The
Birth of the "Casino" (1638 – 1800s),
established in 1638, is recognized as the world's
first official government-sanctioned gambling house.
Venice,
Italy: The Ridotto established in 1638, is recognized
as the world's first official government-sanctioned
gambling house.
Etymology:
The word "casino" comes from the Italian
casa (house), originally referring to a small country
villa or social club where people met for music and
dancing.
European
Expansion: Elaborate gaming houses spread to cities
like Paris and Monte Carlo in the 19th century, catering
to the aristocracy.
The
American Frontier (1800s – 1931)
Saloons:
Early American gambling thrived in western saloons
and Mississippi riverboats, with New Orleans serving
as an early hub.
Prohibition:
By the early 20th century, most US states had outlawed
gambling, pushing it underground until Nevada's legalization
in 1931.
The
Modern Era (1931 – Present)
Las
Vegas: The legalization of gambling in Nevada (1931)
led to the rise of the "Strip," with iconic
resorts like the Flamingo (1946) pioneered by figures
like Bugsy Siegel.
Global
Shifts: Macau overtook Las Vegas in revenue in 2007,
becoming the world's largest gambling market.
Digital
Revolution: The first online casinos launched in 1994,
transitioning the industry into the multi-billion-dollar
digital space it is today.
Markets,
Cryptos, Miners, Politics and Pop Culture
Friday
PM into The Weekend Edition
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Weekend Trends Upward With Media and Social Media
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All
That Glitters Can Sometimes Be Gold! Gold Overall
Media and Long Term Save Haven; Cash King In Short
Term; Money In The Bank Mixed Strategy: Media Man
Group
April
17/18, 2026
Markets
S&P/ASX
200 8946.90 +0.41%
S&P 500 7126.06 +1.20%
NIKKEI 58475.90 -1.75%
FTSE 10667.63 +0.73%
AUD/USD 71.73 +0.03%
GOLD 4829.40 -0.79
SILVER 80.755 +2.35
BTC $77,298.39 +3.58%
Cryptos
Bitcoin
is gathering momentum around $75K
Market
Overview
The
cryptocurrency market capitalisation stands at $2.55T,
up 0.56% over the past 24 hours. The cryptocurrency
sentiment index has fallen from 23 to 21, while US
stock indices are rallying. The top performers among
the most liquid coins are APT (+7.2%), AAVE (+6.4%)
and IOTA (+5.2%); the underperformers are NEAR (-1%),
ZEC (-2.5%) and DASH (-3.2%).
Bitcoin
remains near $75K, showing little change over the
last two days. However, this is not a lull but a build-up
of momentum, as the leading cryptocurrency is at a
key resistance level where the 61.8% retracement of
the decline and the March highs converge. In the first
half of 2025, this area acted as support, halting
the correction, while in 2024 the rally ended at this
level. Given this background, the direction chosen
could determine the fate of the entire crypto market
over the coming months. And here, both sides need
thorough preparation.
Solana
has significantly outperformed the market over the
last day, attempting to bounce off an important long-term
support line, but failing to do so for over two months
now. We will only be able to declare a victory for
the bulls once it has consolidated above the $105
level, at which point we can talk about a return above
the 200-week moving average, a break above previous
local highs and a breach of the round figure.
News
Background
The
crypto market has entered a ‘no-trade zone’
and is awaiting a signal from the US Federal Reserve,
said BitMEX co-founder Arthur Hayes. According to
him, the current range-bound movement is due to the
lack of clear macroeconomic signals.
Pension
funds, insurance companies and large investors no
longer view Bitcoin as a speculative instrument. They
regard it as a standard component of an investment
portfolio — regardless of capital inflows or
outflows from crypto ETFs, Sygnum Bank notes.
Over
the next few years, Ethereum could exceed $62,000,
suggested BitMine CEO Tom Lee. According to him, the
recent downturn in the crypto market can be viewed
as a ‘mini-crypto winter’, which is nearing
its end.
One
of the Bitcoin developer groups has presented a new
proposal to improve the first cryptocurrency’s
network (BIP-361). The proposal involves freezing
1.7 million BTC held in obsolete P2PK addresses that
are potentially vulnerable to quantum attacks.
News
The
dollar is retreating
The
de-escalation in the Middle East has left the dollar
vulnerable
The
Bank of England is managing rate expectations, maintaining
the outlook for two hikes.
Over
the past two weeks, the US dollar has fallen to its
lowest level since early March, giving back almost
all the gains made since the start of the armed conflict
in the Middle East. Talks with Iran are set to resume
in the coming days. Donald Trump continues to insist
that the war will end soon and that an extension of
the ceasefire will not be necessary. Coupled with
record highs in US stock indices, this is contributing
to the continued rally in EURUSD, as geopolitics has
ceased to support the greenback, bringing macroeconomics
back into focus.
Investors’
attention has also shifted to corporate earnings reports
and Congress’s deliberations on Kevin Warsh’s
nomination for the post of Fed Chair. Contrary to
Trump’s promises, the replacement of the Fed
Chair may coincide with accelerating inflation driven
by rising oil prices, requiring a tightening of monetary
policy. What will Warsh choose? To justify the president’s
trust or to demonstrate the central bank’s independence
and adherence to its principles?
Investors
are drawing parallels with the 1970s, when an inflationary
shock amid the oil crisis saw the Fed chair, loyal
to the White House, ease monetary policy. The rate
cuts resulted in an even sharper rise in consumer
prices and the entrenchment of high inflation expectations.
At that time, the US dollar collapsed. It was only
the subsequent change in the central bank chief and
the aggressive tightening of monetary policy, despite
the recession, that put the dollar on a path of steady
growth from the summer of 1980.
Currency
interventions could put pressure on the greenback.
Japan’s Finance Minister Satsuko Katayama has
long spoken of selling USDJPY. However, following
a conversation with Scott Bessent, the intensity of
her pressure on speculators has increased. This suggests
that the US is not opposed to intervening in the Forex
market. In 1985, coordinated currency interventions
led to a multi-year decline in the USD.
Other
European currencies are rising in tandem with the
euro. The British pound has returned to pre-war levels,
partly due to the ‘hawkish’ rhetoric of
Bank of England officials. Megan Green believes that
the futures market’s expectations of two rate
hikes in 2026 are justified. Meanwhile, Andrew Bailey
stated that previous market estimates of four hikes
were too high. (FxPro)
News
Stocks
driven by FEAR on TACO
Confidence
in an approaching end to the war in the Middle East,
the resilience of the US economy to geopolitical shocks,
and expectations of a strong first-quarter earnings
season enabled the S&P 500 to surpass the January
record highs.
About
a year ago, after the White House introduced tariffs,
the broad stock index first fell and then surged as
Trump Chickens Out. Nowadays, since late March, the
fear of missing out on TACO has been driving strong
volumes, as investors who missed last year’s
rally rush to catch up.
Usually,
such sharp surges occur from the very bottom of a
bear market. This time, the S&P 500 has lost less
than 10% from its January highs. So, it has not even
been officially called a correction. Something similar
occurred only in March 2000, on the eve of the dot-com
bubble bursting. (FxPro)
News
April
15
The
euro sees no obstacles to growth
Global
risk appetite and monetary policy divergence are driving
gains in EURUSD
The
Bank of Japan gave no signal of a rate hike in April.
The
US dollar continues to retreat amid falling demand
for safe-haven assets, as the de-escalation of the
Middle East conflict has raised global risk appetite.
Investors are confident that US-Iran peace talks will
resume shortly. This is aided by the White House’s
shift from a military strategy to economic leverage
through a blockade of the Strait of Hormuz.
A
prolonged blockade could lead to the IMF’s adverse
scenario. Under this scenario, oil prices would remain
above $100 per barrel for an extended period, global
GDP would slow to 2.6%, and inflation would rise to
5.4%. In the baseline scenario, economic growth in
2026 will be 3.1%, 0.2 percentage points lower than
the previous forecast. The International Monetary
Fund believes that the eurozone will suffer more than
the US. The shared currency bloc is dependent on energy
imports.
However,
the euro has a positive correlation with risk appetite,
and its bulls have capitalised on the strong rally
in US indices, pushing them towards record highs.
At the same time, the rising correlation between the
VIX volatility index and the US dollar is putting
pressure on the greenback.
MUFG
Research notes that the 40% rally in Brent since the
start of the war in the Middle East should have led
to a 3% fall in EURUSD. The firm attributes the euro’s
return to pre-war levels to rising global risk appetite
and divergence in monetary policy. The futures market
is pricing in a 35% probability of a Fed rate cut
in 2026. Investors are confident of two ECB rate hikes
and a 30% chance of a third.
Other
global currencies have benefited from the US dollar’s
weakness. However, the yen is in no hurry to rise
as Kazuo Ueda’s comments unsettled USDJPY bears.
The BoJ Governor stated the Bank would continue to
monitor developments in the Middle East and gave no
signals of a tightening of monetary policy. This is
a dovish tone, as he has given such signals before.
As a result, the futures market has reduced the probability
of monetary tightening in April from 55% to 32%. (FxPro)
News
April
16
Crypto
stalls as risk appetite shows cracks
Market
Overview
The
crypto market capitalisation fell by 0.74% over the
past 24 hours to $2.5 trillion. Today’s top performers
include Immutable (+3.2%), SushiSwap (+0.8%) and Tron
(+0.7%). The underperformers were Dash (-5.4%), Toncoin
(-4.5%) and NEAR Protocol (-4.4%). The crypto market
took a step back, despite further gains in stock indices.
From its local low at the end of March, the crypto
market has risen by 8.6%, a more modest increase than
the Nasdaq 100’s 13.6%.
Bitcoin
briefly rose above $76K on Tuesday, almost matching
March’s peak levels, but had retreated to $73.6K
at the time of writing. Buyers are looking for a catalyst
to push the price to a new level beyond the consolidation
range. If Bitcoin is looking for external signals,
it may remain indecisive until key US stock indices
hit new highs. However, we are more inclined to believe
that the first cryptocurrency’s stagnation is
a sign of a fragile risk appetite that will soon manifest
in the broader market.
News
Background
The
conflict in Iran has increased the appeal of non-sovereign
money and brought Bitcoin closer to serving as a real
medium of exchange, according to Bitwise. Since the
start of the war in the Middle East, BTC has risen
by 12%, whilst the S&P 500 and gold have fallen
by 1% and 10% respectively.
Bitcoin
could fall to $30K only if the US economy enters a
deep recession, according to analyst Benjamin Cowen.
A correction of 65–70% from the highs is in line
with historical trends and is not exceptional.
According
to CoinDesk, derivatives accounted for 76.5% of the
total trading volume on centralised crypto exchanges
(CEX) in March — the highest figure since September
2023. Derivatives trading volume on CEXs stood at
$3.99 trillion — 3.2% lower than in February.
Trump’s
nominee for Fed chair has disclosed his cryptocurrency
investments. Kevin Warsh has invested in the Polymarket
prediction market and several decentralised startups,
according to his financial disclosure statement.
News
Australia
April
17
Australian
Dollar: $0.7159 USD (down $0.0011 USD)
Iron Ore: $106.25 USD (up $1.95 USD)
Oil Price (West Texas): $93.37 USD (up $1.98 USD)
Gold Price : $4,788.31 USD (down $2.53 USD)
Copper Price: $6.0340 USD (down $0.0445 USD)
Dow Jones: 48,578.72 (up 115.00 points)
News
World
warned 'don't deal with Iran oil'
The
Trump administration has confirmed that the temporary
sanctions waiver on Iranian oil exports that was introduced
on 20 March will not be extended. It is due to expire
within days, and US Treasury Secretary Scott Bessent
says that reinstating the oil sanctions will be the
"financial equivalent" of a bombing campaign
in terms of Iran's ability to generate revenue. Bessant
has also warned that the US is willing to impose secondary
sanctions on companies or nations that buy Iranian
oil or have Iranian money in bank accounts. Meanwhile,
Iran has urged the US to end its blockade in the Strait
of Hormuz, warning that it will be regarded as a breach
of the two-week ceasefire if it remains in place.
(RMS)
News
Machinery
or maintenance failure in focus at Geelong refinery
Viva
Energy believe a gas leak was responsible for an explosion
and the resulting fire at its Geelong oil refinery,
although the exact cause is still under investigation.
Bill Patterson from Viva Energy has downplayed suggestions
that the disaster is linked to delayed maintenance
work at the plant; he notes that some such work has
been deferred due to the Iran war, but this had not
been scheduled for the part of the refinery where
the incident occured. Fire Rescue Victoria's Deputy
Commissioner Michelle Cowling says the initial indications
suggest that a mechanical or engineering failure within
equipment in a transfer section of the refinery may
have been responsible for the disaster. (RMS)
News
'I'm
not happy': Trump renews criticism of Australia, ignores
defence spend boost
US
President Donald Trump has again criticised Australia
for not helping the US in Iran and the Strait of Hormuz,
with Trump making his comments while being questioned
as he left the White House on Thursday US time. Ignoring
the federal government's recent announcement that
it will spend an extra $53 billion on defence over
the next decade, an decision partly made to assuage
criticism from the Trump administration about Australia's
low military spending, Trump said "I'm not happy
with Australia because they were not there when we
asked them to be there", while he did not respond
to questions as to whether he was still on good terms
with Prime Minister Anthony Albanese. (RMS)
News
War
a chance to wound illicit tobacco market
Retailers
of illegal cigarettes say that supply chain problems
resulting from the Iran war have pushed up the prices
of their products. A pack of popular Double Happiness
cigarettes has risen from about $7 a pack to $17 in
recent weeks, while a carton of 10 packs, that would
have previously sold for between $60 and $70, is now
selling for as much as $140. The rise in the price
of illegal cigarettes has led to calls for the federal
government to 'wound' the tobacco black market by
cutting the tobacco excise, thereby reducing the cost
of legal cigarettes. (RMS)
News
Auto
We
will not survive': Toyota, Honda and Ford CEOs issue
chilling warning about China - and it could hit your
portfolio
70
per cent of all new electric vehicles now come from
China, leaving Toyota, Honda and Ford worried about
projects and overhauling their strategy. Honda President
and CEO Toshihiro Mibe said after a recent visit to
a Shanghai parts factory that "we have no chance
against this", with Ford and Toyota leaders having
expressed similar sentiments regarding Chinese makers'
sheer speed in not just building cars, but designing
them. Automotive stocks are a common part of many
broad-based mutual funds and ETFs, while Tesla, Ford
and Toyota remain among the best-known investment
options in the sector. However, big shifts in focus
under the threat of Chinese manufacturing, along with
disappointing sales figures by foreign car makers
in China, could make investors with holdings in those
stocks nervous. (RMS)
News
X
News
Elon
Musk Proposes Universal High Income to Offset AI Job
Losses
On
Friday, Musk posted on X that universal high income
payments from the federal government offer the best
fix for AI-driven unemployment, arguing AI and robotics
will create abundant goods and services without inflation.
He differentiates this from universal basic income,
pointing to AI's potential for far greater wealth
that makes work optional. Reactions divided sharply,
with supporters praising adaptation to tech changes
and critics warning of lost purpose, government overreach,
and economic pitfalls like eroded work incentives.
News
WWE/Pro
Wrestling/Pop Culture
Shawn
Michaels Marks 30 Years Since Iron Man Classic with
Bret Hart
On
March 31, 1996, at WrestleMania XII in Anaheim, Bret
Hart defended his WWF Championship against Michaels
in a grueling 60-minute Iron Man Match before 18,853
fans. The bout ended 1-1 after regulation, but Michaels
won his first world title in sudden-death overtime
with Sweet Chin Music at 61:52, fulfilling his 'boyhood
dream' as announcer Gorilla Monsoon declared. Fans
cherish it as wrestling's blueprint for storytelling,
with many crediting the match for sparking their lifelong
passion, while Michaels' anniversary post brought
back waves of nostalgia for the reconciled rivals'
endurance test.
News
WWE
Stephanie
McMahon Headlines WWE Hall of Fame Class of 2026
The
WWE Hall of Fame ceremony at Dolby Live in Las Vegas
features Stephanie McMahon leading the Class of 2026
alongside AJ Styles, Demolition, Sid Eudy, Bad News
Brown, and Dennis Rodman, hosted by Michael Cole and
The Miz. Triple H's heartfelt tribute drew her warm
reply, 'Forever baby, with you, I can fly,' amid fan
reflections on the 10th anniversary of Chyna's death
and ongoing calls for her solo induction. Reports
indicate Vince McMahon won't attend, highlighting
family dynamics as WWE honors its evolving legacy.
News
WWE
Unveils Hulk Hogan Statue at WrestleMania 42 Weekend
The
statue anchors the 'Hulkamania Forever' exhibit at
WWE World in Las Vegas, packed with relics like championship
belts, a Hulkamobile motorcycle, and vintage posters
from Hogan's 1980s peak. Triple H dubbed it 'Immortal,'
honoring the six-time champion who brought wrestling
mainstream, though some fans noted ironies like Nick
Hogan's 2007 car crash near the motorcycle display
and joked about the statue's dark bronze patina. This
first post-death WrestleMania tribute coincides with
Netflix's 'Hulk Hogan: Real American' docuseries premiere
on April 22, drawing crowds to celebrate the complicated
icon.
News
Pop
Culture/Gaming/Movies
Street
Fighter Live-Action Trailer Unleashes 1990s Arcade
Vibes
The
official trailer for the live-action Street Fighter
movie, set during the Super Street Fighter II era,
stars Andrew Koji as Ryu, Noah Centineo as Ken Masters,
and Callina Liang as Chun-Li, who draws them into
the World Warrior Tournament. Directed by Kitao Sakurai,
it features WWE stars like Cody Rhodes as Guile and
Roman Reigns as Akuma, alongside Jason Momoa as Blanka
and 50 Cent as Balrog, embracing the game's campy
fun over gritty realism. The cast appeared at WrestleMania
in full regalia, and most reactions praise the trailer's
goofy spirit, though some note cosplay-like vibes;
it hits theaters October 16.
News
WWE
Cody
Rhodes and CM Punk share emotional promo and hug on
final SmackDown before WrestleMania
Cody
Rhodes delivered a promo praising CM Punk as the new
Mr. WrestleMania, stating that his father Dusty Rhodes
would be proud of Punk, and expressing love for him.
CM Punk reciprocated the sentiment toward Cody Rhodes
before they embraced to close the show.
News
Danhausen
Curses Stephen A. Smith on ESPN's First Take
The
WWE wrestler, real name Donovan Danhausen from Warren,
Michigan, crashed Friday's First Take in Las Vegas
to hype WrestleMania 42, declaring Stephen A. cursed
while hosts Molly Qerim and Keyshawn Johnson laughed.
Fresh off signing with WWE in February 2026 after
his AEW contract ended, Danhausen debuted dramatically
at Elimination Chamber and has fans buzzing with his
'very nice, very evil' antics, including a Goodyear
Blimp ride where he gleefully cursed the city below.
The stunt amps up excitement for the two-night event
at Allegiant Stadium on April 18-19, with rumors of
more surprises alongside host John Cena. (Media Man
Peg-On). Danhausen got off to a bit of a rough start
in his WWE debut but has more than made up for it.
Catch the Danhausen Fever and Mania. Media Hausen!
Wrestle Hausen Weekend!
News
Bitcoin
News Byte
Despite
a 47% Price Drop, Bitcoin Traders Aren’t Selling:
A
survey of U.S. Bitcoin holders and crypto subreddit
posts found that despite anxiety and market turbulence,
most investors (69%) held onto their Bitcoin, with
only 8% panic selling.
Bitcoin
faced a dramatic market correction in early 2026,
plunging 46% from its $126,000 all-time high and briefly
dipping below $61,000 on February 6.
The
drop erased over $1 trillion in market value and prompted
headlines warning of a defining crypto moment. Social
media feeds filled with reactions, yet most holders
remained on the sidelines.
A
survey by Oobit of 1,006 American Bitcoin holders
and sentiment analysis of 117,630 posts across 10
major crypto subreddits reveals that fear did not
translate into widespread selling.
News
Flashback
Last
Week
Gold
News
Gold
is back in focus as markets react to geopolitics
The
market is fixated on the threat of accelerating inflation
driven by high energy prices. As a result, central
banks are expected to adopt a tighter monetary policy,
keeping rates at high levels or even raising them.
This has a positive impact on fiat currencies and
strips gold of its key feature as a store of value
amid currency debasement. It is no surprise that the
precious metal, which had got off to a strong start,
has been losing out to Bitcoin and the US dollar since
the start of the armed conflict in the Middle East.
Although gold is generally regarded as a safe-haven
asset, in the early stages of financial market turmoil,
investors often choose to flee to liquidity. They
favour fiat currencies and are far more willing to
buy US dollar-nominated short-term treasuries.
Gold
prices usually recover only if market shocks worsen,
fears of recession or stagflation rise, and central
banks start adding liquidity. Bank of America believes
that the markets are still underestimating the scale
of the potential consequences of geopolitical tension.
They are fixated on the threat of accelerating inflation
and are not considering a global economic downturn.
Therefore, the longer the conflict between the US,
Israel and Iran lasts, the better it is for the precious
metal.
UBS
Global Wealth Management notes that gold serves as
a hedge against currency devaluation, rising budget
deficits and recession. All of these could result
from a geopolitical shock. The firm therefore maintains
its bullish outlook on gold. In its view, the precious
metal could rise to the $5,900-$6,200 range before
the end of this year. However, gold must first weather
the storm of numerous central bank meetings. The RBA
has already raised its cash rate to 4.15%. Investors
now expect ‘hawkish’ rhetoric from the rest.
The ECB and the Bank of Japan are ready to tackle
inflation, and the futures market expects them to
tighten monetary policy. The Fed and the Bank of England
are most likely to talk about prolonged pauses in
their cycles.
Thus,
gold appears to be a win-win option. It will gain
if the conflict in the Middle East drags on, and will
not lose if it ends. Investors just need to be patient
for a little while. (FxPro)
News
Media
Man Awards
Roy
Morgan wins Media Man 'Media Services Company Of The
Month' award
The
Australian Financial Review wins Media Man 'Newspaper
Of The Month' award; Runner-up: The Australian
Google
wins Media Man 'Search Engine Of The Month' award
Netflix
wins Media Man 'Streaming Service Of The Month' award
WWE
wins Media Man 'Wrestling Promotion Of The Month'
award
UFC
wins 'Combat Sports Brand Of The Month' award; Runner-ups:
Most Valuable Promotions, Everlast, BKFC
Mack
Trucks wins Media Man 'Truck Brand Of The Month' award
CAT
wins Media Man 'Heavy Industry Brand Of The Month'
award
Dynasty:
The Murdochs wins 'Streaming Show Of The Month' award
(Netflix)
Casino,
Gaming and Hotel Stocks
Markets/Trades
January
2026
Current
Jan
7 into 8
Sin
City Sydney to Wall Street and Vegas
MGM
Resorts International $34.12 -1.62 -4.53%
Wynn
Resorts Ltd $116.37 -4.14 -3.44%
Las
Vegas Sands $61.43 -2.35 -3.68%
Boyd
Gaming Corporation $86.07 -1.74 -1.98%
Caesars
Entertainment, Inc. $23.00 -0.77 =3.24%
Red
Rock Resorts, Inc. $61.27 -0.82 -1.32%
Hilton
Grand Vacations Inc. $46.04 -0.36 -0.78%
PENN
Entertainment, Inc. $13.82 -0.99 -6.68%
Light
& Wonder Inc CHESS $157.26 +0.36 +0.23% (ASX)
Profile
Light
& Wonder, Inc., FKA Scientific Games Corporation,
is an American corporation that provides gambling
products and services. The co HQ in Enterprise, Nevada.
The gaming division provides products such as slot
machines, table games, shuffling machines, and casino
management systems. Bally, WMS & Shuffle Master.
January
2026
Jan
3
MGM
Resorts International $36.49
Wynn
Resorts Ltd $122.57 +2.24 +1.86%
Las
Vegas Sands $65.21 +0.12 +0.18%
Boyd
Gaming Corporation $86.19 +0.95 +1.11%
Caesars
Entertainment, Inc. $23.56 +0.17 +0.73%
Red
Rock Resorts, Inc. $62.97 +1.02 +1.65%
Hilton
Grand Vacations Inc. $45.49 +0.74 +1.65%
PENN
Entertainment, Inc. $14.85 +0.100 +0.68%
Light
& Wonder Inc CHESS $156.00 -1.57 -1.00% (ASX)
News
Flashback
Markets/Trades
News
(post Xmas)
Dec
26
December
2025
New
York, USA and Sin City Las Vegas
MGM
Resorts International $37.68 +0.59 +1.59%
Wynn
Resorts Ltd $124.36 -0.66 -0.53%
Las
Vegas Sands $66.20 -0.13 -0.19%
Boyd
Gaming Corporation $86.60 +1.19 +1.39%
Caesars
Entertainment, Inc. $24.79 +0.29 +1.18%
Red
Rock Resorts, Inc. $62.74 +0.69 +1.11%
Hilton
Grand Vacations Inc. $45.22 +0.18 +0.40%
PENN
Entertainment, Inc. $15.10 +0.46 +3.14%
Light
& Wonder Inc CHESS $158.00 +0.54 0.34% (ASX)
News
Flashback
Hotels
offering up to 50% off rooms ahead of Black Friday
Nevada
(Las Vegas)
A
Strip casino-hotel has announced discounted room rates
ahead of Black Friday, including up to 50 percent
off rooms and resort credits. Sahara announced its
“cyber steals” Wednesday, offering discounted
rates on bookings into the first half of 2026. Until
Dec. 3, travelers can book and receive 50 percent
off “best available” room rates for stays
through June 30, 2026, with no booking fees and guaranteed
room type.
News
Three
days of Formula One excitement about to hit the Strip
Nevada
(Las Vegas)
The Las Vegas Grand Prix returns for its third year
this week, transforming the Strip into a three-day
motorsports extravaganza — complete with racing
action, associated events and road closures across
the corridor. This year’s spectacle is expected
to draw 300,000 fans. “What I love about this
event is that there truly is something for everyone,”
said Emily Prazer, president and CEO of the Las Vegas
Grand Prix.
News
Fallout
exhibit anchors new era of atomic pop-culture tourism
Nevada
(Las Vegas)
As Fallout fans converged on Southern Nevada for their
annual pilgrimage, the National Atomic Testing Museum
was transforming itself, stocking fridges with ice-cold
Nuka-Cola, showcasing pristine bright blue Vault 33
suits and lighting up the iconic “Welcome to
New Vegas” sign. The preparations heralded an
unprecedented partnership between the museum and game
publisher Bethesda Softworks, bringing the world’s
largest publicly available Fallout collection to its
spiritual home in Southern Nevada.
News
The
Lead Up/Flashback
Casino,
Gaming and Hotel Stocks
Markets/Trades
November
10, 2025
New
York, USA and Sin City Las Vegas
MGM
Resorts International $32.85 +0.19 +0.58%
Wynn
Resorts Ltd $130.24 +4.10 +3.25%
Las
Vegas Sands $66.35 +1.14 +1.74%
Boyd
Gaming Corporation $83.06 +1.79 +2.15%
Caesars
Entertainment, Inc. $20.27 +0.45 +2.27%
Red
Rock Resorts, Inc. $59.21 +1.38 +2.39%
Hilton
Grand Vacations Inc. $40.31 +0.58 +1.45%
PENN
Entertainment, Inc. $15.81 +1.27 +8.71%
Light
& Wonder, Inc. $89.50 +8.94 +11.10%
News
(In
Case You Missed It - over a month ago)
Crown
Resorts/Crown Perth, Australia
Writes:
We
couldn’t be more proud of our Crown team members
who volunteered their time to support Telethon7, a
West Australian charity supporting sick kids and their
families. For the 17th year, we were honoured to support
the incredible work of Telethon, hosting the Telethon
Ball at Crown Perth, answering phones in the call
room, giving the Little Telethon Stars and their families
a staycation at Crown Towers and sponsoring the Telethon
Community Stage. On behalf of the Crown Resorts Foundation,
Crown Perth CEO Brian Pereira FCA GAICD FAIM closed
out the weekend with a $2.5 million donation towards
Telethon. (Source: Crown Resorts/Crown Perth)
News
Current
U.S
Sports
Two
MLB pitchers indicted in gambling investigation
Two
Major League Baseball pitchers allegedly conspired
with sports bettors to rig pitches they threw so the
bettors would profit from illegal wagers, federal
prosecutors in Brooklyn and the FBI announced in an
indictment on Sunday. Cleveland Guardians player Luis
Leandro Ortiz was arrested Sunday at Logan Airport
in Boston.
News
Non-gaming
spending up 10.7%, per-capita down 2.6%
Asia
(Macau)
Macau visitors spent MOP20.38 billion (US$2.55 billion)
on non-gaming offerings last quarter, with this amount
up by 10.7 per cent year on year…same-day visitors
spent some MOP3.62 billion, an increase of 27.6 per
cent – versus MOP16.76 billion by visitors who
spent more than one day, up 7.6 per cent…per-capita
spending fell 2.6 per cent, at MOP1,950…the third
quarter of 2025 welcomed an increase of 13.6 per cent
in visitation, which totalled 10.45 million.
News
F1
Las Vegas Grand Prix race weekend rooms
Nevada
(Las Vegas)
Room rates on the Las Vegas Strip during this year’s
Formula One Las Vegas Grand Prix weekend at the top
two resort companies are mixed compared with last
year. The average three-night room rate at MGM Resorts
properties on Las Vegas Boulevard are higher for this
year’s race weekend than last around the first
week of November, while Caesars Entertainment’s
rates are running lower than a year prior. The lowest
available room rates at the nine MGM Resorts properties
are averaging $1,624.08 for Nov. 20-23, up 24 percent.
News
Vanderpump,
‘I’m not going to price myself out of the
market’
Nevada
(Las Vegas)
Lisa Vanderpump has stamped her brand across the Strip.
Her Vanderpump Hotel will replace the Cromwell next
year. Vanderpump says she’s planning “attainable
luxury” on the corner of the Strip and Flamingo
Road. “It has to be something that everybody
who has supported me can afford,” Vanderpump
said. “I’m not going to price myself out
of the market.”
News
Casino
News
Resorts
World estimates it will generate $2.5B for transit
by 2030
New
York (New York City)
Resorts World has estimated that it will send $2.5
billion to the MTA [over the next four years if it
is awarded one of the gaming licenses by the state
in December. Resorts World, which has operated a racino
in South Ozone Park for the last 14 years and has
long been considered one of the frontrunners to receive
one of up to three downstate gaming licenses.
NBA,
sportsbooks review most vulnerable bets, wager limits
National
(sports)
In the wake of the NBA betting scandal, the league
and its partner sportsbooks continue to review what
types of bets are most vulnerable to manipulation
and how much bettors should be allowed to wager on
such bets, sources familiar with the discussions told
ESPN on Thursday.
Macau
Macau’s gaming operators recorded gross gaming
revenue of $3.01 billion in October, up 15.9%. The
October GGR figure was 8.7% higher than the previous
post-COVID record month of August. For the first 10
months of 2025 combined, GGR climbed to $25.7 billion
– up 8.0%.
Major
Strip operator predicts strong fourth quarter
Nevada
(Las Vegas)
A slower summer in Las Vegas, marked by declining
September visitation and muted gaming revenue, is
prompting casinos to adjust their strategies, but
top Strip executives remain cautiously optimistic
about a rebound in the fourth quarter and into 2026…
Bill Hornbuckle, president and chief executive officer
of MGM Resorts, said, “Vegas is fine. Fundamentally,
we feel good about the fourth quarter (of 2025).”
Developers
of stalled casino project seek to keep plans alive
Nevada
(Las Vegas)
Last fall, the developers of a stalled casino project
faced some stark words at a Clark County Commission
meeting. With the team behind Dream Las Vegas asking
for more time on their approvals again, Commissioner
Jim Gibson said the situation “can’t go
on forever,” that officials want projects they
“believe are really happening,” and the
likelihood of more extensions down the road was “remote.”
Now, the developers are back with yet another request
for more time…commissioners on Wednesday are
scheduled to consider a request for a third time extension
on the Dream hotel-casino project.
Kelly
Clarkson adds August 2026 dates Caesars Palace
Nevada
(Las Vegas)
Grammy-winning singer Kelly Clarkson is adding four
performances in August 2026 to her “Studio Sessions”
residency at the Colosseum at Caesars Palace. The
new shows are scheduled for Aug. 7, 8, 14 and 15.
Clarkson, 43, launched the residency in July then
postponed several dates after her ex-husband died.
She rescheduled those performances to July and August
2026.
Off-Strip
resort sets Elvis series, no-cover NYE shows
Nevada
(Las Vegas)
Westgate is leaning into — and gyrating with
— favorite showmen past and present. The off-Strip
resort has formally announced details of what we posted
some weeks ago, a series of Elvis revivals in 2026.
“The King: 1973 Live — Aloha From Westgate”
plays Jan. 14.
Thousands
turn out in downtown Las Vegas for no-cover events
Nevada
(Las Vegas) - John Katsilometes, Review-Journal -
Crowds are eating up Feed The Block on Fremont East.
And the annual Halloween adventure on the abutting
Fremont Street Experience drew a mass of humanity
on Friday night. Downtown was jammed on both nights.
Diplo’s headlining performance drew about 10,400
people, city of Las Vegas stats, to the third Feed
The Block event. This was on a Monday night, mind
you. By comparison, about 2,200 people were counted
in the same area on the Monday before Halloween. An
average Friday night in September with no event is
about 5,000 on the block.
News
Flashback
Casino
News
Nov
3, 2025
U.S.
Online and Social Casinos
Fanatics
Casino Expands with Major Launches: Fanatics Casino,
which debuted its standalone real-money app in May
2025 across New Jersey, Pennsylvania, Michigan, and
West Virginia, continues to gain traction with aggressive
promotions and a robust game library, positioning
it as a top new entrant for November.
New
Sweepstakes Casinos Hit the Market:
Fresh platforms like Sweeps Royal and BankRolla launched
in late October 2025, offering over 1,000 slots each,
generous sign-up bonuses (e.g., 750,000 Gold Coins
+ 1 Sweeps Coin), and themed promotions for Halloween
and beyond, targeting social gaming enthusiasts.
Top
Social Casinos Ranked for November: McLuck and Crown
Coins lead the list of U.S. social casinos with free
Gold Coins play, welcome bonuses up to 500 spins,
and 5,000+ titles, emphasizing no-risk sweepstakes-style.
November
Bonus Offers Surge: Sites like BetMGM are rolling
out 100% deposit matches up to $1,000 plus $25 no-deposit
credits, while others like Bet365 offer spin bonuses,
capitalizing on the month's promotions to attract
new players.
Physical
Casino Developments
Resorts
World New York Boosts Economic Projections: The casino
has revised its forecast for contributions to the
Metropolitan Transportation Authority (MTA) upward
to $2.5 billion, highlighting ongoing revenue growth
from slots and table Casino Dotorg
Arizona
Tribe Eyes Major Redevelopment: The Salt River Pima-Maricopa
Indian Community is seeking proposals to transform
a former mine site near Loop 101 into a potential
replacement for Casino Arizona, promising economic
boosts and new gaming facilities.
Canadian
Casino Relocation Breaks Ground: The Battlefords Agency
Tribal Chiefs broke ground on a $100 million project
to relocate the Gold Eagle Casino to a 67-acre site
in North Battleford, Saskatchewan, aiming to enhance
tourism and community development.
International
and Regulatory News
Finland Ends State Gambling Monopoly: On November
3, 2025, Finland introduced a new licensing system,
allowing private operators to enter the market for
the first time and breaking Veikkaus Oy’s long-standing
exclusivity on slots, lotteries, and betting.
UK
Faces Backlash Over 24-Hour Slot Casino: Tynemouth
MP Alan Campbell criticized the approval of a controversial
24-hour slots venue at Preston Grange, calling it
a "terrible decision" amid concerns over
gambling addiction and community impact.
YouTube
Cracks Down on Gambling Content: Starting November
2025, YouTube is enforcing stricter rules on gambling
and gaming videos, including age restrictions and
demonetization, to protect younger audiences from
promotional content.
Legal
and Industry Updates
BetMGM Lawsuit Advances: A federal judge denied BetMGM's
motion to dismiss a lawsuit from VIP gambler Larry
Murk, who alleges the operator unfairly inserted him
into an online promo contest; oral arguments are scheduled
for January 26, 2026.
No-KYC
Casinos Gain Popularity: Platforms like BetWhale and
BitStarz are seeing a 68% uptick in users opting for
anonymous play without ID verification, offering faster
payouts and privacy-focused real-money gaming.
News
WWE
and UFC Themed Slot Games Continue To Build Upon Popularity;
TKO Beancounters See Strong Merit; No Official Betting
On TKO's/WWE Action Pro Wrestling Match Outcomes!
UFC
MMA Match Betting Remains Bullish! UFC themed 'The
Smashing Machine' movie gets strong industry and fan
reviews; UFC/MMA themed movie 'Brawler' still happening;
Tipped to be a big hit in Vegas (Media Man Group/Casino
News Media)
News
Flashback And Lead Up
News
Will
Las Vegas be awarded another Super Bowl this week?
Nevada
(Las Vegas)
Las
Vegas could learn this week whether it will be named
the host city for the 2029 Super Bowl when NFL owners
hold their fall meetings. Future Super Bowl sites
will be a topic of discussion, but whether those talks
result in a decision remains to be seen. What’s
known is that the NFL and Las Vegas recently began
exclusive negotiations for hosting duties for Super
Bowl 63 in 2029 at Allegiant Stadium. The Las Vegas
Convention and Visitors Authority has formally submitted
Las Vegas’ bid, and the NFL is reviewing the
package, according to a person with knowledge of the
situation.
News
Analyst
predicts 2026 comeback for Las Vegas
Nevada
(Las Vegas)
Weakness in Las Vegas will continue through the third
quarter, but the fourth quarter "could be better"
...Truist Securities
“In
the current environment, we don’t expect many
earnings surprises, but continue to favor companies
with best-in-class assets.”
Citing:
Monarch Casinos, Churchill Downs, and Station Casinos.
Jonas also liked real estate investment trusts (REITs)
and digital B2B firms, lauding their safety, earnings
growth, and cash flow.
News
Green
Valley Ranch Resort unveils new logo to coincide with
renovations
Nevada
(Las Vegas)
Green Valley Ranch Resort in Henderson has unveiled
a new logo, timed to coincide with property-wide renovations.
Parent company Station Casinos says the "refreshed
identity" is meant to reflect the resort's transformation
and the guest experience. That includes a monogram
that blends the initials G-V-R into a shorthand. "As
Green Valley Ranch approaches its 25th anniversary,
this was the perfect moment to step back and celebrate
our journey while looking ahead to the future,"
Ken Janssen, the resort's vice president and general
manager, said. “The refreshed logo reflects the
on-going $200 million transformation of the property
in terms of being contemporary in design."
News
Major
film studios could be here if some unions have their
way
Nevada
(Las Vegas)
Movies like “The Hangover” and “Ocean's
Eleven” piqued interest in the Las Vegas Strip
long ago. But now Nevada labor unions hoping to boost
jobs and tourism are pushing state officials to offer
tax credits aimed at bringing more Hollywood filmmaking
to the state. The effort to offer up to $95 million
in tax credits to Sony Pictures Entertainment and
Warner Bros. Discovery for a new film production facility
in the Vegas suburbs didn't win enough legislative
support earlier this year. But more than a dozen labor
unions are pushing to revive the proposal during an
expected special session next month. (Wires)
News
Developer
celebrates opening of new Las Vegas hotel
Nevada
(Las Vegas)
The developer of Symphony Park’s new hotel held
a grand opening celebration for the project. Dallas
real estate firm Jackson-Shaw, which opened its dual-branded
hotel in the sprawling mixed-use Las Vegas spread
this summer, threw a flashy party Thursday to give
people an inside look at the AC Hotel and Element
property. The five-story, 441-room hotel boasts 18,000
square feet of meeting space, including a 10,000-square-foot
ballroom, as well as a restaurant and a piano lounge.
Casino
News: Las Vegas
Key
Expansions and Projects
Durango
Casino & Resort Growth:
Red Rock Resorts is accelerating its Durango expansion
in southwest Las Vegas, adding 25,000 square feet
of gaming space and 250 hotel rooms. Construction
starts July 2028, following record Q2 2025 earnings
of $108.3 million (up 55% YoY). The project targets
the booming residential corridor near the resort.
Bally's
Tropicana Site Redevelopment:
Bally's Corp. unveiled a three-year timeline for a
3,000-room hotel-casino-entertainment complex around
the new Oakland Athletics ballpark. Groundbreaking
is set for April 2026, with the $1.5 billion project
aiming to transform the former Tropicana site into
a mixed-use hub.
Henderson
Casino Approval:
Clark County commissioners greenlit a new casino in
Henderson's Water Street District, including street
vacations and design reviews. This off-Strip project
could boost local gaming options by late 2026.
Operational
Changes and Challenges:
Golden Gate Goes All-Virtual: Downtown's historic
Golden Gate Casino has fully phased out live table
game dealers, replacing them with electronic roulette
and blackjack terminals. Owner Derek Stevens calls
it a "doubling" of projected revenue, appealing
to younger players, though tourists are mixed—some
miss the human element, others praise the faster pace
and lower house edge.
Las
Vegas Sands Digital Shutdown:
The company axed its live-dealer streaming platform,
cutting 150 local jobs. The initiative targeted legal
iGaming states but couldn't compete in a crowded market.
Cyberattack
Hits Off-Strip Resort:
An unnamed casino-hotel suffered a breach between
Jan. 8-11, 2025, exposing data of ~4,700 guests, staff,
and partners. No ransomware details were disclosed,
but it highlights ongoing cybersecurity risks in gaming.
North Las Vegas Sale: Poker Palace Casino changed
hands for $9.4 million, per county records. The buyer
plans minor upgrades to the locals-focused property.
Tourism
and Competition Pressures:
California Rival Looms: The $600 million Hard Rock
Casino Tejon opens November 13 near Bakersfield, featuring
2,000 slots and 150,000 sq ft of gaming—rivaling
MGM Grand-scale floors. It's expected to siphon West
Coast gamblers, exacerbating Vegas's 1 million visitor
drop in early 2025.
No
Panic Yet:
Despite sluggish Strip hotel rates and airport traffic,
experts like Citizens' Jordan Bender forecast a rebound,
with conventions driving 15-20% growth in 2026. The
$600 million Las Vegas Convention Center expansion
is key to this outlook.
Big
Wins and Buzz:
Jackpot Fever: A gambler turned a $3 bet into a life-changing
payout at Red Rock Casino Resort & Spa near Las
Vegas. Details on the exact amount weren't specified,
but it lit up social media as a feel-good story amid
industry woes.
Governor's
Blackjack Streak:
Illinois Gov. JB Pritzker reported $1.4 million in
Vegas winnings on his tax return, crediting "incredibly
lucky" blackjack hands.
Dining,
Events, and Accolades:
Michelin Milestone: Fontainebleau Las Vegas earned
the first "One Key" designation for a Nevada
gaming resort in the 2025 Michelin Guide, recognizing
its luxury amenities alongside 37 other U.S. hotels.
New
Eats:
High Steaks Vegas, a modern steakhouse by chef James
Trees, debuted atop Rio's Masquerade Tower mid-month.
Meanwhile, Bellagio's Yachts of Monaco boat tours
launch October 3 from the new Carbone Riviera dock.
Halloween
Hype:
Vegas ranks #7 in North American Halloween excitement
per Betway's study. Red Rock hosts "Fright Night
Bingo" on October 30 with free drinks, DJs, and
costumes. Citywide events include the When We Were
Young Festival (Oct 18-19) and Downtown Rocks concerts.
G2E
Spotlight:
SuzoHapp returned to the Global Gaming Expo with innovations
in gaming tech partnerships, drawing crowds to booth
displays. (Grok)
News
Cleopatra
wins Media Man 'Casino Classic Game Of The Month'
award
News
News
Flashback
MGM
CEO says Dubai casino approval still pending as 2028
resort construction advances
MGM
Resorts International has yet to receive approval
to operate a casino at its upcoming $2.5 billion integrated
resort in Dubai, CEO Bill Hornbuckle said, despite
earlier expectations that a decision would have been
made by now.
“I
thought by now, Abu Dhabi would have ruled on what
they were doing,” Hornbuckle said during a recent
industry conference, referring to the anticipated
regulatory green light. “There’s a lot of
dialogue around that.”
The
resort, currently under construction on a 25-acre
artificial island near Jumeirah Beach and the Burj
Al Arab, is being developed in partnership with the
government-owned Wasl group. It will feature MGM Grand,
Bellagio, and Aria-branded hotels, along with a 250,000-square-foot
podium that has been purpose-built to accommodate
a casino should regulatory conditions allow.
While
a federal gaming regulator, the General Commercial
Gaming Regulatory Authority (GCGRA), was established
in recent years to oversee commercial gambling activities
across the UAE, the final decision to authorize casino
operations remains with the rulers of individual emirates.
Hornbuckle
noted that the company is still waiting on an official
directive from Dubai’s leadership. “We don’t
have permission yet from the ruler of Dubai to go
forward,” he said. “I don’t know when
we’ll hear, but I do believe this ... If this
gets a casino, and I believe it will over time, we
think it’s a massive opportunity.”
MGM
submitted its license application to the GCGRA in
September 2024. Any future approval would likely involve
both federal coordination and local consent. The GCGRA
is currently chaired by Jim Murren, MGM’s former
CEO.
Meanwhile,
competition in the UAE's nascent casino sector is
heating up. Wynn Resorts is preparing to open the
country’s first casino at its upcoming property
in Ras Al Khaimah.
Scheduled
for a 2027 launch, the resort on Al Marjan Island
will likely be the UAE’s only licensed casino
at the time of opening, according to Wynn CEO Craig
Billings. He said last month that he anticipates it
will be “the first and only casino in the country.”
Wynn
has also expanded its footprint in Ras Al Khaimah
by acquiring an additional 70 acres of land, raising
speculation of a potential second property in the
emirate. Analysts estimate that the UAE gaming market
could generate annual revenues of up to $8 billion,
while Wynn has projected figures closer to $5 billion.
Despite
Wynn’s confidence in securing a dominant position,
sources cited by Arabian Gulf Business Insight suggest
that other operators may eventually receive licenses,
casting doubt on the prospect of a long-term monopoly.
News
April
2024
Las Vegas sees big convention decline, visitation
up slightly - April 2024
Visitor
volume in Las Vegas increased slightly in March despite
a huge decline in convention attendance for the month,
the Las Vegas Convention and Visitors Authority reported
Thursday. Meanwhile, hotel occupancy and average daily
room rates fell despite near-record traffic at Harry
Reid International Airport and a slight uptick in
vehicle traffic on major highways to Las Vegas. Visitation
was up 0.4 percent to 3.67 million, but convention
attendance fell by 37.2 percent compared with a year
ago — a statistic more reflective of a tough
comparison with March 2023 when the ConExpo-Con/Ag
construction equipment trade show was in Las Vegas
than a poor showing this year
Visitation
up slightly in March despite convention decline -
April 2024
Nevada
(Las Vegas) Visitor volume in Las Vegas increased
slightly in March despite a huge decline in convention
attendance for the month…Visitation was up 0.4
percent to 3.67 million, but convention attendance
fell by 37.2 percent compared with a year ago. Hotel
occupancy fell 3 percentage points to 85.3 percent
in March and the average daily room rate dropped 16.4
percent to $178.26 a night. For the first quarter
of 2024, visitation is up 4.2 percent from last year
to 10.43 million, while convention visitation is off
7.2 percent to 1.8 million for the first three months
of the year.
Rio
unveils Brazilian oasis with various pools, dining
options
Nevada
(Las Vegas) - - A new local oasis is making its debut
at the Rio Hotel & Casino just in time for summer.
The new casino pool, inspired by the beaches of Rio
de Janeiro, Brazil, features a colorful array of brand-new
umbrellas, bright yellow cabanas, and an abundance
of chaises. Guests will be able to enjoy each pool,
the Nautius pool, Fish pool, Lagoon pool, and Shell
pool —each with its distinct charm. Additionally,
the Lagoon pool is flanked by two hot tubs on each
side, providing an enchanting experience.
Downtown
Grand to pay $720K to settle disability discrimination
claims
Nevada
(Las Vegas) - - A downtown hotel-casino will pay $720,000
to settle allegations of disability discrimination
and retaliation in a lawsuit with the U.S. Equal Employment
Opportunity Commission, it said Thursday. The EEOC
alleged that Downtown Grand discriminated against
employees multiple times since at least 2018, including
“failing to provide reasonable accommodations
to employees with disabilities and terminating an
employee with colon cancer because he wore an ostomy
bag,” according to a news release.
Beware
the T-Rex: Dinosaur Outpost to open in Town Square
Nevada
(Las Vegas) - Dinosaur lovers and Jurassic Park junkies
alike in Las Vegas can thank Tim Clothier’s son
for the latest store to open at Town Square. Clothier,
the founder of the Las Vegas-based show props and
display company Illusion Pro
Donna
Kelce in Vegas with QVC, smiling on giant Sphere
Nevada
(Las Vegas) - The last time Donna Kelce publicly traveled
to Las Vegas was to support her son Travis Kelce,
who was playing with the Kansas City Chiefs in the
Super Bowl. She’s back in Vegas this week, but
this time she’s the show. And Mama Kelce is larger
than life, looming over the skyline on the dome of
the Sphere arena, the world’s largest spherical
structure lit by more than a million LED lights…QVC
chose Kelce for a campaign celebrating women over
the age of 50.
Two
major commercial projects eyeing similar timelines
Nevada
(Las Vegas) - Two major commercial mixed-use projects
in North Las Vegas could both open in the next two
years, according to the developers. One of the projects
is Hylo Park, a 73-acre mixed-use neighborhood on
the site of the former Texas Station and Fiesta Rancho
casinos. The other is the 19-acre NLV Gateway Village,
which is made up of six different individual sites
located near each other east of Interstate 15 along
Lake Mead Boulevard.
‘Free
Solo’ climber Alex Honnold advocates for rock
climbing bill
Nevada
(Las Vegas) - Alex Honnold often feels like an ambassador
for Las Vegas and its outdoor recreation scene; the
world- famous free soloist rock climber often advocates
for Vegas’ “incredible” access to the
wilderness when he’s on his travels. “The
proximity between giant walls and an airport in a
normal city, it’s, like, unparalleled in the
world,” he said. “I think that’s something
that a lot of people in Vegas don’t really appreciate.
People come from all over the world to appreciate
this resource.”
WWE
AND UFC JOIN FORCES TO BRING NXT BATTLEGROUND TO UFC
APEX ON SUNDAY, JUNE 9
Limited Premium VIP Seating Available Through Exclusive
Partner On Location
April
22, 2024
WWE,
part of TKO Group Holdings (NYSE: TKO), in partnership
with UFC today announced that NXT Battleground will
emanate from UFC APEX in Las Vegas on Sunday, June
9. This marks the first-ever WWE event to be hosted
at the state-of-the-art, 130,000-square foot event
and production facility, which is home to UFC Fight
Night events, Dana White’s Contender Series and
more.
"We
are always exploring new frontiers to showcase NXT
and we are excited to bring Battleground to this world-class
event and production facility in partnership with
UFC,” said WWE Senior Vice President of Talent
Development Creative Shawn Michaels.
Limited
NXT Battleground Priority Passes will soon be available
through exclusive partner On Location, giving fans
the chance to be ringside for every exhilarating moment,
including premium seating, all-inclusive pre-show
hospitality with WWE Superstar appearances, ringside
photo opportunities, and much more. Starting today,
fans can place a deposit to secure access ahead of
the general public, as well as register for exclusive
pre-sale opportunities. To learn more or to place
a deposit, please visit https://onlocationexp.com/battleground.
About
WWE WWE is an integrated media organization and the
recognized global leader in sports entertainment.
The company consists of a portfolio of businesses
that create and deliver original content 52 weeks
a year to a global audience. WWE is committed to family-friendly
entertainment on its television programming, premium
live events, digital media, and publishing platforms.
WWE’s TV-PG programming can be seen in more than
1 billion households worldwide in 25 languages through
world-class distribution partners including NBCUniversal,
FOX Sports, TNT Sports, Sony India and Rogers. The
award-winning WWE Network includes all premium live
events, scheduled programming and a massive video-on-demand
library and is currently available in approximately
165 countries. In the United States, NBCUniversal’s
streaming service, Peacock, is the exclusive home
to WWE Network. WWE is part of TKO Group Holdings
(NYSE: TKO). Additional information on WWE can be
found at wwe.com
and corporate.wwe.com.
About
UFC UFC is the world’s premier mixed martial
arts organization (MMA), with more than 700 million
fans and 259 million social media followers. The organization
produces more than 40 live events annually in some
of the most prestigious arenas around the world while
broadcasting to over 975 million households across
more than 170 countries. UFC’s athlete roster
features the world’s best MMA athletes representing
more than 80 countries. The organization’s digital
offerings include UFC
FIGHT PASS, one of the world’s leading streaming
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Casino
News - July 2023
Online Casino Gambling in NJ Nears $1 Billion in
2023
Online
Casino Gambling in NJ Nears $1 Billion in 2023 (July
14, 2023)
Online casinos in New Jersey are way ahead of last
year's record-setting pace with data released on Friday
by the NJ Division of Gaming Enforcement showing the
activity generated $149.3 million in revenue in June,
an increase of 12.1 percent year-over-year for this
month.
Online
casinos netted more than $930 million in revenue,
which represents a 12.1 percent year-over-year clip
growth compared to 2022.
June’s
numbers are coming in below May’s $161.4 million.
Casino gambling to some extent will likely come down
with fewer people betting sports during the last spring
and summer months.
The
DraftKings-owned Golden Nugget has reclaimed the top
spot for all NJ online casinos, knocking off Borgata,
which is part of the BetMGM group of casinos.
Golden
Nugget took in over $41.7 million.
Half
of the Recent 850 Referred Gambling Addicts at One
Clinic Are Children (July 14, 2023)
More than 850 people have been referred to a clinic
for video game addicts since it opened in 2020 and
half of those were children, according to a report
appearing in the Guardian on Friday.
The
National Centre for Gaming Disorders (NCGD), a London
clinic, was originally given NHS funding based on
seeing just 50 people a year. That nunber, however,
ballooned to 30 people a month since the end of March
this year – more than seven times anticipated
demand.
Loot
boxes were among the chief culprits and accounted
for about a quarter of those seeking treatment. These
comprise of gambling-style features offering randomised
rewards.
Almost
12% of patients who played video games compulsively
referred to playing Fortnite, with 10% citing Minecraft,
8% mentioning Call of Duty and 4.7% using the gaming
platform Roblox.
Of
the 855 referrals, 408 were gamers, of whom 227 were
under 18.
Maine's
Head of Sports Betting Claims White Supremacist Sympathizing
Tweets 'Meant to Be Humerous' (July 12, 2023)
Maine's top gambling law officer, Milt Champion, returns
to work on Monday after serving a 40-hour suspension.
He was also expected to undergo in-person state training
on workplace harassment and social media policies.
This
all stemmed from a series of tweets back in May deemed
to contain racist and misogynistic subject matter.
"While
the two tweets were intended to be humorous, I recognize
they were anything but. They were a mistake and an
error in judgment, and I apologize for my actions,"
Champion said in the release. "I thank the employees
of the Unit for their hard work and commitment in
my absence."
On
May 6, Champion expressed frustration about being
told “ladies” was an unprofessional term
for females, and suggested “Bitches” would
be more appropriate.
Sure
that could be viewed by some perhaps as a bad attempt
at humor.
But
as Gambling911.com also noted at the time, Champion
somehow felt compelled to defend a tweet by Brian
Krassenstein describing the Patriot Front as a "hate
group in the United States that espouses white nationalism
and neo-fascist ideologies".
Kentucky
Sports Betting to Go Live September 7 (July 10, 2023)
Steve Bittenbender breaks things down following today's
meeting in Kentucky regarding the upcoming launch
of regulated sports betting in the commonwealth.
"Monday
was really just a checkpoint for Kentucky officials
responsible for rolling out sports betting statewide.
They still have 59 more days of work ahead of them
and that's just to get brick/mortar sportsbooks up
and running and 80 to get online apps live."
He
had a few key takeaways:
1.
Tracks and operators will be able to start applying
for sports betting licenses in Kentucky as soon as
tomorrow (July 11, 2023).
2.
The Sept. 7 brick/mortar launch date appears to be
universal, according to the KHRC, if the tracks are
ready.
3.
The KHRC also tells me that tracks could theoretically
have one brick/mortar operator at their track and
another at their HHR satellite parlor. Remains to
be seen how many (if any) may take advantage of that.
As
many as 27 licensees could have the ability to operate
in Kentucky apparently. It's not likely we'll get
anywhere close to that number.
Unibet
Vows Fixes Following Gambling911 Scathing Reports
(July 10, 2023)
Unibet
appears to have finally recognized it can't keep allowing
its website and retail sportsbook business in Pennsylvania
to keep going down and making as if nothing is wrong.
The
company advised its PA customers over the weekend
that "site improvements are on the way".
It's
about time.
Unibet
has already switched over to proprietary software
in neighboring New Jersey.
Our own Thomas Somach had highlighted how folks were
unable to place bets with the Unibet mobile app over
extended periods of time in the state. The walk-in
book at The Downs at Mohegan Sun in the Lehigh Valley,
which is run by Unibet, also was shuttered during
this time.
The
company appeared to be more concerned about customer
cleanliness than they were about keeping their website
and sportsbook operational.
Somach
also reported on how the company’s facility at
the Downs at Lehigh Valley had erected signs warning
customers that if they don’t get the smell out,
they can get the hell out.
Man
Charged With Riding Motorcycle Through Vegas Casino
(July 6, 2023)
A motorcyclist is facing numerous charges after doing
wheelies along Las Vegas Boulevard and riding through
a casino, and on stairs and escalators.
Las
Vegas Metropolitan police posted the arrest on one
of the department’s social media accounts. It
said R.A.I.D. officers took the man they referred
to as the “reckless rider” into custody.
The
rider is yet to be identified. He was wearing a shirt
that read “Till the (expletive) wheels fall off.”
“The
rider thought he would never get caught,” the
police post stated.
He
is facing the following charges:
3
felony counts of driver disobeying police officer,
endangering person or property
4
gross misdemeanor counts of disregard for the safety
of person or property
4
misdemeanor counts of reckless driving
1
felony count of assault with a deadly weapon
1
felony count of child abuse and/or neglect
1
felony count of coercion with force or threat of force
Pro Sports Care More About Gambling Than Violence
Against Women and Racism (July 6, 2023)
Deadspin's
Carron J. Phillips writes that "if you’re
talented or rich enough, it’s becoming clear
what will and won’t be forgiven in sports."
Gambling
on games or in team facilities will not.
"Greg
Hardy got to play football again. Antonio Brown keeps
hanging around. Donald Sterling and Robert Sarver
made millions after selling their teams," Phillips
writes.
He
points out that the Titans Hassan Haskins was arrested
last month for allegedly strangling his girlfriend.
"Society
didn't blink," he writes.
Wouldn’t
it be great if sports took racism and violence against
women this seriously from the jump? Imagine where
we would be if that happened.
But,
for something like that to occur it would mean that
society, let alone sports, would have to take a stand
against both transgressions — and we know that’s
a pipedream.
Now,
it seems like the rest of the sports world is following
the NFL’s lead — as it often does. And once
you realize that the NFL is usually a mirror of society,
it becomes quite clear why racism and violence against
women are easily forgiven while “gambling”
is a blasphemous offense.
Last
week, the NFL suspended indefinitely more players
for violating the league's gambling policy. They included
Isaiah Rodgers, Rashod Berry, and Demetrius Taylor.
“The
gambling policy, which is annually reviewed with all
NFL personnel, including players, prohibits anyone
in the NFL from engaging in any form of gambling in
any club or league facility or venue, including the
practice facility,” read the NFL’s statement
after the latest round of suspensions.
Phillips
does note that the New York Yankees suspended relief
pitcher Jimmy Cordero on Wednesday for the rest of
the season for violating Major League Baseball’s
domestic violence policy.
ASA
Bans Jake Paul Ladbrokes Tweet (July 5 2023)
The Advertising Standards Authority (ASA) has determined
that a Ladbrokes tweet violated its terms and conditions.
They
claim that boxer and YouTube influencer Jake Paul
was featured in the tweet and that his appeal is too
geared towards minors. It's not immediately clear
now many of his more than 20 million subscribers are
actually teenagers. Paul does appeal to adults as
well, thanks in no small part to his boxing skills.
Of
course the irony in all of this is that Jake Paul
now has an ownership interest in a sportsbook, Betr.
The
tweet in question appeared back in February.
"@TommyTNTFury
beat @JakePaul by split decision last night. So, we've
got to ask the question… What's next for Jake
Paul? Vote here now."
At
the bottom of the tweet, the gambling company also
linked to a poll with the options: "Win the re-match",
"Head to the MMA", "Return to YouTube"
and "Join the WWE".
it's
not immediately clear what fine, if any, will be imposed.
Churchill
Downs Extends Baffert Ban Through 2024 (July 3, 2023)
Churchill
Downs Inc. has decided to extend Bob Baffert's two-year
suspension for at least another 18 months, per a release.
That would keep the Hall of Fame trainer from running
horses in next year's 150th running of the Kentucky
Derby.
“Mr.
Baffert continues to peddle a false narrative concerning
the failed drug test of Medina Spirit at the 147th
Kentucky Derby from which his horse was disqualified
by the Kentucky Horse Racing Commission in accordance
with Kentucky law and regulations," Churchill
Downs said in a statement. "Prior to that race,
Mr. Baffert signed an agreement with Churchill Downs
which stated that he was responsible for understanding
the rules of racing in Kentucky and that he would
abide by them. The results of the tests clearly show
that he did not comply, and his ongoing conduct reveals
his continued disregard for the rules and regulations
that ensure horse and jockey safety, as well as the
integrity and fairness of the races conducted at our
facilities.
"A
trainer who is unwilling to accept responsibility
for multiple drug test failures in our highest-profile
races cannot be trusted to avoid future misconduct.
Mr. Baffert will remain suspended from entering horses
at all racetracks owned by CDI through 2024. After
such time, we will re-evaluate his status.”
Ohio
Will Reportedly Double its Tax Rate on Sports Betting
(July 2, 2023)
Mobile gambling analyst Steve Brubaker tweeted this
weekend:
"Lots
of chatter about Ohio doubling the tax rate on the
already nearly destitute OSBs. Boo hoo. Don’t
forget that this same industry marched all over the
country telling legislators that the hold was only
5% and to keep taxes and fees low. Hold rate is now
8% and climbing. 60% (up arrow)."
His
tweet comes after that state's House and Senate reached
an agreement on a budget for the state and that budget
with the budget conference committee agreeing on a
version doubling the current tax rate of 10% on sports
betting to 20%.
Jessica
Wellman had this to offer:
Alex Cane, CEO of Sports Trade responded:
"Horrible
precedent. What other businesses in Ohio are taxed
by revenue, much less *over 1,000% of revenue*?"
These
costs will almost certainly be passed onto gamblers
in the form of less competitive lines and bonus offerings.
West
Virginia House Minority Whip Foresees Sports Betting
Content Creator Oversight Bill Passing in Next Session
(July 2, 2023)
West Virginia House minority whip Shawn Fluharty foresees
the sports betting content creator oversight bill
passing in the next session.
This
is proposed regulation that applies to content creators
in the industry. Such concerns were in the spotlight
over the past week after it was revealed that an NBA
insider, Shams Charania, forced a line change based
on his wrongful information while employed by a sportsbook.
Maryland
already requires disclosure and independent evaluation
of influencers and media partners by its regulated
sportsbooks.
Fluharty
tells Legal Sports Report this is bigger than the
Shams controversy.
“I’m
not saying FanDuel had any unclean hands here. But
if they wanted to, they certainly could. That’s
because there is no regulatory boundary in place,”
Fluharty told LSR on Monday. “… This is
kind of the forecast of what’s next in the regulatory
and legislative realm. And it shines a light on something
we’ve been talking about for months. You just
needed a clear example, and this is a clear example.
“I
think really what the Shams thing did was it blurred
the lines of influencer and reporter,” Fluharty
said. “ … It used to be, in Las Vegas, the
public drove the lines. Now, the sportsbooks are driving
the lines 100%. They have the ability to do that now.
Because they can influence the public using their
own people.”
Casino
Theft Cage Scheme Involves at Least 3 Properties,
Mexican Phone Numbers (June 30, 2023)
A scheme to dupe casino employees into thinking they
were transferring money from cages to a legitimate
business involves at least three casinos and Mexican
phone numbers, the 8 News Now Investigators have learned.
Documents
the 8 News Now Investigators obtained Friday reveal
the allegations involve thefts at Circa Hotel &
Casino, Eureka Casino Resort in Mesquite and the Golden
Nugget in Laughlin — as well as federal investigators,
including the U.S. Secret Service.
SpankOdds Free Indefinitely (June 29, 2023)
SpankOdds to be Free for All Eternity - Well, at least
indefinitely. At some point the nearly one-year-old
line service is likely to begin charging, but its
founder, Gadoon “Spanky” Kryollos, announced
via Twitter there will be no charge entering this
football season (2023) at least.
SpankOdds is one of the few line services incorporating
US regulated books and those out of Vegas along side
offshore mainstays.
The
platform bills itself as "a real-time odds monitoring
and injury alerting software that gives sports bettors
an advantage".
CBS
Sports: Isaiah Rodgers Among Those to be Suspended
for Violating League Gambling Rules (June 29, 2023)
Colts veteran Isaiah Rodgers is one of several NFL
players facing full-season 2023 suspensions as part
of the league's latest investigation into gambling
allegations, according to CBS Sports NFL insider Jonathan
Jones - Read More
Kim Zolciak’s Estranged Husband Has His Own Issues
Amid Controversial Claims (June 29, 2023)
Kroy Biermann claims he and Zolciak's financial debts
are because of her gambling problem, but he has his
own personal gambling bills to worry about. Zolciak
appeared on The Real Housewives of Atlanta. Biermann,
she claims, owes the Baha Mar Casino in the Bahamas
$52K in unpaid gambling debts. The casino filed suit
and the complaint has since been obtained by TMZ.
According to the suit, Kroy obtained a $100,000 line
of credit for use at Baha Mar Casino in advance of
a November 2021 trip, and he ended up using $52,500
to gamble. The company in charge of handling Baha
Mar Casino's credit line allege the reality TV star
and NFL player drew $52,500 in chip markers at the
casino and didn't repay the amount before leaving.
Ugly divorce allegations continue. The couple's marriage
fell apart after 13 years. Read More
More Gambling Suspensions Coming: Colts Isaiah Rodgers
Among Them
(June 28, 2023) - Mike Florio of Pro Football Talk
(an arm of NBC Sports) has been doing an admirable
job of covering the hypocrisy surrounding the National
Football League's gambling policy and its attempts
to reign in players while reaping the rewards of US
regulated sports betting partnerships.
ESPN
warns of more suspensions coming by week's end. We
don't know who or how many, though Indianapolis Colts'
Isaiah Rodgers is being named in media reports.
The
good news is that the league seems to be trying harder,
when it comes to properly educating players. The bad
news is that flaws seem to remain.
Florio
writes:
And
they surely will. As previously mentioned, it becomes
difficult for the NFL to have true moral authority
when it comes to properly enforcing “thou shalt
nots” when the NFL is stuffing its pockets full
of cash from those who shalt continue to lose it.
Only
when the league creates a true firewall between football
and wagering will the league truly be equipped to
create safeguards that players can understand, honor,
and accept — especially since the entire situation
currently oozes with hypocrisy.
Current
Hot Headlines
Report: Colts' Isaiah Rodgers Among NFL Players Facing
Yearlong Gambling Suspensions
Charles Barkley on His Gambling: 'I Wanna Be Dead
Broke When I Keel Over'
DraftKings Drops Bid for PointsBet
$35K Fine Imposed After Underage Gambling At Harrah's
Casino
Philadelphia Man Sentenced in Stabbing Death of Girlfriend
at Atlantic City Casino
Holy
Smoke! Circa Casino Scammed Out of $1 Million
(June 27, 2023) - A popular Las Vegas casino has reportedly
been scammed out of $1 million in what's being called
a "fire extinguisher scam".
Say
what?
Erik
Gutierrez, 23, has been charged with theft of more
than $100,000.
He
is alleged to have contacted Circa’s casino cage
claiming to be the owner of the property and said
he needed $320,000 for an emergency payment to the
fire department in order to check fire extinguishers
and other gear.
Ultimately,
a cage supervisor ended up allegedly handing over
$1.17 million during off-site exchanges believing
they were giving it to Circa’s owner.
While
Las Vegas police have recovered $850,000, $314,000
remains missing.
The
casino’s CEO Derek Stevens said, “Although
I love a good PR story, this isn’t one of them.
Circa Resort & Casino is cooperating with the
Las Vegas Metropolitan Police Department in this investigation.
We greatly appreciate their efforts to date and cannot
comment further due to an ongoing investigation.”
Joe
Theismann Backs NFL's Gambling Crackdown
(June 27, 2023) - "We can't have fans believing
games are 'fixed'," said football legend Joe
Theismann, noting that he supports the league's crackdown
on sports betting.
The
NFL policy reinforcements and "re-education"
come in response to the sport-wide surge of athlete
suspensions for violating gambling rules. Sports analysts
like Mike Florio still point to the hypocrisy.
"It
better work. I think the NFL, because of the stringent
nature of these rules that have been put in place,
realizes that you just don't want to let anything
seep into the game to give people the perception that
the games are fixed, they're really trying to make
sure of that," Theismann said Thursday during
an appearance on "Varney & Co".
"From
an NFL player standpoint, you think of the millions
of dollars that the players are making. If you wanted
to go into a facility, I guess in the off-season,
it might be okay. But I don't think they're going
to say if you play in the NFL, you can't gamble. But
they certainly want to protect the integrity of the
game as much as they possibly can. And I can certainly
understand it," he continued.
Current
Hot Headlines
Could
Sportsbooks Stop Taking Bets on Drafts After NBA Controversy
in Light of Shams Scandal?
How Reporters Can Affect Betting Lines
Survey Confirms Worst Clichés About Lottery-Loving
‘Crypto Bros’
Bare-Knuckle Fighting, Disc Golf, Futsal, Snooker,
and Water Polo Bets Among 17 New Sports Betting Markets
Approved in Arkansas
New Jersey Senator Proposes Bill to Regulate Sports
Betting and Casino Advertising
Marcin Horecki Denies Mike Matusow as he Captures
Poland's First-Ever Live WSOP Bracelet
PrizePicks Sued
(June 25, 2023) - PrizePicks has fast become a
behemoth on the Daily Fantasy Sports scene with its
hybrid DFS product that comes the closest to sports
betting without requiring a license in most US states.
Now
that the company is so big, it's also a target for
what some say are frivolous lawsuits.
Case
in point, a lawsuit filed this week alleges PrizePicks
stole technology to use on its prop product, an accusation
the company denies.
“After
years of trying unsuccessfully to get us to buy its
technology and intellectual property, Vetnos has now
apparently resorted to a frivolous lawsuit to change
our minds. That is not a good business or legal strategy.
We intend to aggressively defend against this lawsuit
and point out its many errors and outright falsehoods,”
said Jason Barclay, Chief Legal Officer and Head of
Public Policy at PrizePicks.
Mirage
Hotel in Vegas to be Converted Into Guitar-Shaped
Structure - 14th December 2021
LAS
VEGAS (AP) — Hard Rock International said Monday
it wants to see how a guitar-shaped hotel will play
at the heart of the Las Vegas Strip.
In
what MGM Resorts International CEO and President Bill
Hornbuckle called “a significant milestone for
MGM Resorts and for Las Vegas,” the companies
announced MGM Resorts will sell operations of The
Mirage to Hard Rock International in a cash deal worth
almost $1.1 billion.
In
a statement, Hard Rock Chairman Jim Allen said the
Florida-based hospitality and entertainment giant
plans to build a guitar-shaped hotel at the 80-acre
(32.4-hectare) property. An artist’s rendering
depicts a shapely purple guitar with six light beams
depicting strings stretching skyward.
It
wasn’t immediately clear if the iconic Mirage
volcano fountain will remain at the property that
former casino mogul Steve Wynn opened with a Polynesian
theme in November 1989. MGM Resorts acquired the 3,000-room
resort in 2000.
The
underlying Mirage real estate is now owned by MGM
Growth Properties, which is being bought by New York-based
VICI Properties in a $17.2 billion deal expected to
close next year.
“This
announcement marks the culmination of a series of
transformational transactions for MGM Resorts during
the last several years,” said Paul Salem, Chairman
of the MGM Resorts board of directors.
“The
monetization of our entire real property portfolio,
together with the addition of CityCenter and our agreement
to acquire The Cosmopolitan of Las Vegas, will position
the company with a fortress balance sheet, premier
portfolio and significant financial resources to pursue
our strategic objectives,” he said.
Jonathan
Halkyard, MGM Resorts treasurer and chief financial
officer, said that as the real estate owner of The
Mirage, VICI will be expected to reach a new lease
agreement with Hard Rock.
Allen
said Hard Rock International will welcome The Mirage’s
3,500 employees to its roster.
He
noted that his company had no previous involvement
with the former Hard Rock Hotel & Casino that
operated from 1995 to 2020 east of the Las Vegas Strip.
That property was purchased in 2018 and renovated
and rebranded by Virgin Hotels Las Vegas with a gambling
floor operated by Mohegan Sun Casino.
Hard
Rock International bought the naming rights in May
2020 with plans to eventually open a Las Vegas Strip
property.
Under
the terms of the agreement, MGM Resorts will keep
The Mirage name and brand, licensing it to Hard Rock
royalty-free for up to three years while it finalizes
its plans to rebrand the property.
The
transaction is expected to close in the second half
of 2022, following regulatory approvals.
The
sale is one of several involving MGM Resorts in recent
months on Las Vegas Boulevard. The company currently
operates 13 hotel-casino properties in Las Vegas and
32 worldwide.
The
Las Vegas-based company said in July it would buy
out its partner in the sprawling CityCenter development
for $2.1 billion, take control of The Aria and Vdara
resorts, and lease the property to New York private
equity firm Blackstone Group for nearly $3.9 billion.
MGM
Resorts announced in September it will buy operations
of The Cosmopolitan of Las Vegas for $1.6 billion
from Blackstone. That is part of a $5.65 billion deal
to put ownership of the 3,000-room Cosmopolitan in
hands of the Cherng Family Trust, headed by Panda
Express billionaires Andrew and Peggy Cherng; real
estate investment firm Stonepeak Partners; and a Blackstone
real estate fund, Real Estate Income Trust Inc.
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| 
