Casino

DraftKings is heading into 2025 with confidence after a blockbuster 2024. CEO and co-founder Jason Robins, speaking during the company’s latest earnings call, painted an optimistic picture of the future. With record revenues, a growing customer base, and strong market positioning, the sports betting giant believes its best days are ahead. Record Revenue Signals Momentum…

Monarch Casino & Resort Inc. delivered a solid fourth-quarter earnings report, showing growth across key financial metrics. Revenue, profits, and cash flow all increased, reflecting the company’s ability to expand despite economic headwinds. But while some analysts saw reason for optimism, others struck a more cautious tone. Revenue and Profits Climb, But Food & Beverage…

A fight over online gambling is heating up, with national casino giants facing off against regional operators in a battle that could reshape the industry. The newly formed National Association Against iGaming (NAAiG) is leading the charge, arguing that internet gambling threatens jobs, tax revenues, and local economies. Regional Operators Warn of Economic Fallout The…

MGM Resorts has reported its highest-ever annual revenue, hitting $17.2 billion in 2024, a 7% increase from the previous year. The casino giant’s strong financial results were fueled by record-breaking performance from MGM China and steady growth in digital gaming. However, challenges in Las Vegas Strip operations tempered the overall outlook. MGM China Leads the…

The opening of Durango Casino & Resort in late 2023 has given Red Rock Resorts a financial boost, pushing revenue and earnings to historic highs. The company’s fourth-quarter results showed strong growth, with Las Vegas operations leading the charge. Las Vegas Operations Post Record Numbers Red Rock Resorts reported a net revenue of $492.6 million…

Thailand’s former Prime Minister Abhisit Vejjajiva has issued a stark warning against legalizing casinos, calling the government’s push for land-based and online gaming a major societal risk. His comments come as the Thai government rushes to advance legislation that could pave the way for large-scale entertainment complexes featuring casinos. "This Is Dangerous," Abhisit Warns At…

Illinois legislators are making another attempt to legalize online casinos, marking the third push in just five years. This time, they have an influential ally—Gov. JB Pritzker, who recently signaled his support as the state grapples with a growing budget deficit. But with previous efforts failing to gain traction, will 2025 be any different? Familiar Faces,…

January’s casino numbers tell a story of shifting habits. Fewer people are hitting the gaming floors, but those who do are spending more. That’s the takeaway from a new report by Jefferies Equity Research analyst David Katz, who examined U.S. casino visitation and spending trends for the start of 2025. His findings, published in a…

A new casino is set to rise near Flagstaff as the Navajo Nation moves forward with plans for a second gaming facility in the area. The 300-slot casino will be built on a 13.79-acre site northeast of the city, marking another significant step in the tribe’s gaming expansion. A Historic Location Gets a New Purpose The…

State Senator Ken Rozenboom has decided to pull back on a bill that would have imposed a five-year moratorium on new casinos in Iowa. His decision comes just as the Iowa Racing and Gaming Commission moves forward with approving a new gaming facility in Cedar Rapids. Not Enough Support to Stop Cedar Rapids Casino Rozenboom, who…