Gaming
Top stories summarized by our editors
11/11/2019

The misfortunes of some Mississippi casinos have led to greater fortunes for Southland Casino Racing in West Memphis, Ark., which is a short drive from Memphis, Tenn. Casino owner Delaware North infused the facility with $38 million in 2015 to add a restaurant and new games, and this year's $250 million addition will include 113,000 square feet for a casino, plus a 20-story hotel.

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Southland Casino Racing
11/11/2019

New Jersey's Borgata Hotel Casino took the state's initial wager on a video game tournament -- the League of Legends Paris championship -- last week, after the Division of Gaming Enforcement approved the activity. Video tournaments, a $1 billion industry, may entice a younger demographic that has not been attracted by typical casino games.

11/11/2019

MGM China Holdings will be taken off the MSCI Hong Kong Index as of Nov. 26, with the company providing no reason for the change. Galaxy Entertainment, Wynn Macau, Melco Resorts and Sands China will remain on the index.

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Seeking Alpha
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Sands China, Wynn Macau
11/11/2019

Casino facilities may be added to Widus Group's Hann Lux, a mountain resort being built in New Clark City, Philippines. Banyan Tree and Angsana hotels have already opened, and one casino has been in operation since 2009.

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GGRAsia (Macao)
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Westin Hotels
11/11/2019

The road to casinos for tribes around Sacramento has been neither easy nor short, but the Hard Rock Hotel and Casino Sacramento at Fire Mountain is now up and running, and others have added features such as slot machines, table games and nongaming amenities. "With the growing casino industry we've seen in the last decade to 15 years, we have to grow with the market, and stay on pace," Anthony Roberts, chairman of the Yocha Dehe tribe, says.

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Cache Creek Casino Resort
11/8/2019

Galaxy Entertainment, Las Vegas Sands, Melco Resorts, MGM Resorts and Wynn Resorts are breathing a sigh of relief as Paulo Martins Chan has received a 12-month extension for his role as Macao's chief gaming regulator. His continuation in the role points to status quo for the operators, whose gaming concessions expire in two years.

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Casino
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Wynn Resorts
11/8/2019

A group of laws combined into one that allowed sports betting and the creation of mini-casinos in Pennsylvania has yielded a conundrum for the state Gaming Control Board: Should casinos have to pay a separate $10 million sportsbook fee for their mini-casinos? Racinos with mini-casinos are exempt from the extra fee, leading to an uneven playing field and concerns that traditional casinos' satellites -- and their tax revenue and jobs -- may not come to fruition.

11/8/2019

Legal and legislative challenges and internal tribal rumblings have halted progress on the Mashpee Wampanoag tribe's planned $1 billion casino resort in Taunton, Mass., but tribal chairman Cedric Cromwell is insistent the project will go forward. "The Taunton development remains real and ready," he says.

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Casino
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Cedric Cromwell
11/7/2019

VIP gross gaming revenue -- which dropped a year-on-year 22.5% in the third quarter -- is forecast to make up 34% of gaming and nongaming annual revenue in Macao's casino industry by 2020, Sanford C. Bernstein analysts say, noting that VIP historically has been far more volatile than mass. "Going forward, with expected structural growth in mass gaming continuing and relatively less contribution from VIP, we expect the industry to exhibit less volatility," they say.

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GGRAsia (Macao)
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Sanford C. Bernstein
11/7/2019

Australia is debating requiring a facial scan that allows a government ID match to confirm a player's age before allowing access to mobile casino sites. Proponents of the Identity-Matching Services Bill of 2019 say it's less intrusive than some methods, while opponents worry about privacy rights and suggest other possible methods.

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Casino