Casino

Caesars Entertainment is poised to show a stronger hold than its competitors on the Las Vegas Strip when it reports earnings next Tuesday, but investors shouldn’t expect it to hit consensus estimates. That’s the latest assessment from Deutsche Bank analyst Carlo Santarelli, who urged caution amid rising expectations for the casino giant. Analyst Cautions Against…

A proposal that could have paved the way for a $300 million casino and resort in Grand Forks was shot down in the North Dakota Senate on Friday. The bill, which would have allowed the Turtle Mountain Band of Chippewa to expand beyond its traditional boundaries, faced heated debate before being defeated. Heated Debate and…

Virginia’s casino industry started 2025 on a high note, posting a significant 36% increase in revenues compared to the same month last year. The three land-based casinos in the state pulled in a combined $72.3 million in January, a sharp jump from the $52.8 million recorded in January 2024, according to the latest Virginia Lottery…

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,…