Casino

Seven months after a storm of allegations rocked the Strip, Resorts World Las Vegas has agreed to pay a $10.5 million penalty to settle claims it facilitated illegal betting operations with alleged connections to organized crime. The Nevada Gaming Control Board (NGCB) confirmed Thursday that the resort’s handling of sportsbook operations drew intense scrutiny, leading…

Jefferies Equity Research has given a positive outlook on Caesars Entertainment, recommending a Buy rating for the company. The firm’s analyst, David Katz, sees significant potential in Caesars' digital business and believes the recent executive changes could be a catalyst for growth. This week, two executives from Icahn Enterprises were appointed to Caesars' Board of…

Thousands of residents in Irving, Texas, are making their voices heard, opposing a rezoning proposal that could pave the way for a casino in the city. A petition against the project has garnered significant traction ahead of a scheduled town hall meeting, highlighting growing resistance to the idea of introducing gambling to the area. Community Rallies…

Detroit’s casino industry hit a speed bump in February, falling short of the $100 million revenue mark for the first time in 13 months. According to the Michigan Gaming Control Board (MGCB), the city's three casinos combined for $98 million in revenue last month, a decline both month-over-month and year-over-year. A Disappointing February for Detroit’s…

Light & Wonder (L&W) is charging ahead with its latest slot cabinet, a machine the company calls a “workhorse” built for high performance and widespread appeal. After a successful soft launch, the new cabinet is now rolling out across casino floors, quickly gaining traction among players and operators alike. A Slot Cabinet Built to Dominate…

Light & Wonder’s new AI-driven platform, ENGAGE AI, is making headlines in the gaming industry. After securing the 2024 Product Innovation of the Year award at the Global Gaming Expo, the platform is gaining traction across casinos in the U.S., Australia, New Zealand, and Asia. By offering real-time insights, ENGAGE AI is set to redefine…

Bally’s Corporation unexpectedly pulled the plug on its fourth-quarter earnings call with just 15 minutes’ notice, raising eyebrows on Wall Street. But that didn’t stop analysts from weighing in. Some saw potential in the company’s long-term projects, while others pointed to immediate financial challenges and concerns over debt. Analysts React to Bally’s Last-Minute Cancellation Truist…