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MGM China Breaks Records with $320M Profit in Q2 as Market Share Surges to 16.6%

Casino, NewsAugust 1, 2025219Views 0Likes 0Comments

MGM China just posted the kind of quarter executives dream about. With revenues soaring and margins tightening, the company pulled in a record-breaking US$320 million in adjusted EBITDA during the three months ending June 2025 — its best quarterly result ever. This wasn’t just a good quarter. It was historic. With a sharp uptick in…

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Las Vegas Tourism Slips, But MGM Remains Optimistic as Bookings Bounce Back

Casino, NewsJuly 31, 2025190Views 0Likes 0Comments

Las Vegas saw fewer visitors in June, but MGM Resorts isn’t panicking. In fact, its leadership says bookings are already bouncing back—and they’ve got the data to prove it. The Las Vegas Convention and Visitors Authority (LVCVA) confirmed Wednesday what many local businesses had already been feeling: foot traffic was noticeably down. Visitation fell by…

Red Rock Resorts Smashes Records as Locals Flock to Off-Strip Casinos

Casino, NewsJuly 30, 2025162Views 0Likes 0Comments

Red Rock Resorts just logged its best quarter in 49 years — and it’s not by chasing high-rollers on the Strip. The casino operator, which caters mostly to Las Vegas residents, has carved out a booming niche far from the glitz and congestion of the tourist corridor. With net revenue and earnings both hitting all-time…

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Joe Asher’s Boomer’s Sportsbook Clears Final Hurdle, Launches August 1 as Nevada’s Only Independent Betting Operation

Casino, NewsJuly 29, 2025188Views 0Likes 0Comments

Boomer's Sportsbook is officially set to launch operations on August 1, becoming Nevada’s only independent sportsbook — a rare move in a state dominated by corporate giants. The green light came Thursday when the Nevada Gaming Commission granted it full licensing approval. The sportsbook, founded by former William Hill U.S. CEO Joe Asher, will debut…

Gaming Giants Confront Their Own Shortcomings As Q2 Earnings Reflect Strong Demand

Casino, NewsJuly 29, 2025166Views 0Likes 0Comments

Casino operators aren’t just reporting stronger numbers — they’re finally taking a long, hard look in the mirror. That’s the real takeaway from second-quarter earnings so far, according to Jefferies analyst David Katz, who says this season is marked by a rare dose of corporate humility. While profits rolled in across the sector, a subtle…

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Tribal Leaders Slam Federal Budget Cuts as Threat to Indian Country and Gaming Revenues

Games, NewsJuly 28, 2025202Views 0Likes 0Comments

Federal budget plans are once again sparking concern, but this time, the opposition is sharper, louder—and coming from tribal nations across the U.S. Leaders say the proposed cuts could seriously strain essential services and threaten billions in tribal gaming revenue. It’s not just about dollars and cents. It’s about lives, jobs, and the self-determination Native…

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$22.5M Sweetener Thrusts Hell’s Kitchen into Centre of Manhattan’s Casino Showdown

Casino, NewsJuly 27, 2025189Views 0Likes 0Comments

A surprise $22.5 million pledge to a beloved Hell’s Kitchen housing complex has thrown fresh heat into Manhattan’s already blazing casino race. Caesars Palace Times Square just changed the game — and the battle lines are getting sharper. The city's last remaining full-scale casino licence is up for grabs, and the stakes couldn’t be higher.…

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GLPI Stays Steady Despite Bally’s Chicago Delay Concerns

Casino, NewsJuly 26, 2025169Views 0Likes 0Comments

Gaming & Leisure Properties is holding its ground and posting growth, even as questions swirl around its partnership with Bally’s and the sluggish pace of the Chicago casino project. On the company’s Q2 2025 earnings call, CEO Peter Carlino didn’t mince words. Investors often ask what could go wrong — but rarely what’s going right.…

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Resorts Bets Big on Beachfront Buzz, Calls on Others to Back Atlantic City

Casino, NewsJuly 23, 2025186Views 0Likes 0Comments

Atlantic City got a bit sunnier this week—not just with the weather, but with fresh hope and big ambitions. On Tuesday, a brand-new $2 million beach bar and stage opened its doors, and Resorts Casino Hotel’s president had a few words that might just shake up the boardwalk. Mark Giannantonio, president of Resorts, didn’t mince…

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Gambling Loss Deduction Repeal Bill Picks Up Steam in U.S. House

Gambling, NewsJuly 22, 2025194Views 0Likes 0Comments

The fight over how much gamblers can write off on their taxes just got more interesting. Nevada Congresswoman Dina Titus confirmed Monday that two more lawmakers have joined her push to repeal a federal cap on gambling loss deductions—an obscure yet impactful change buried in Congress’s recently passed legislative behemoth. In a post on X,…