Although Louisiana's revenue from video poker increased 1.3% year over year in June to $49.9 million, its $204.2 million from riverboat casinos, a land-based casino and racinos represented a 9% decrease from June 2018. The Baton Rouge riverboat market sunk 13.1% from a year ago.
Mergers and acquisitions are flying high in the US casino sector as operators split off land from the casinos to entice investors. REITs are a key player in the pattern.
The Eastern Band of Cherokee Indians uses profits from its casino to help provide health services to its 12,000 members. The money has helped create a high-tech, 20-bed hospital and an 18-bed mental health clinic will open its doors next fall.
Gaming regulators said Thursday that testing has concluded in Pennsylvania and that online gaming for those 21 and older is officially available in the state around the clock. Penn National's Hollywood Casino and Parx Casino have website and mobile apps for gaming, and SugarHouse Casino will be next to go online.
A consultant will conduct a feasibility study of five "test" sites Chicago Mayor Lori Lightfoot has picked as possible locations for a casino. All are in parts of the city in need economic revitalization, but some people worry that a private casino developer would not want to take a chance on areas now plagued with violence.
A UN Office on Drugs and Crime study released Thursday highlights Southeast Asia's slipshod gaming oversight and notes that crime outpaces local law enforcement's ability to prevent money laundering. "Many of these casinos emerged after a crackdown on money laundering activities in Macao, China, in 2014, raising concerns that a 'displacement' of criminal activities associated with casinos has taken place to Southeast Asia," the study says.
Hollywood Gaming at Dayton Raceway in Ohio hopes to expand its smoking patio by 5,000 square feet, adding 42 video lottery terminals, Penn National Gaming says. The addition is expected to cost $3.1 million.
A newspaper editorial board urges Okla. Gov. Kevin Stitt to be careful in his negotiations on tribal gaming compacts. He notes that other states get a far larger percentage for casino rights, but the board points out that the tribes have programs to help lower gaming addiction rates in the absence of sufficient state mental health spending -- which they may not continue to do if vexed.
UK bookmaker Paddy Power is the new sponsor for the Huddersfield Town soccer team, but many sporting enthusiasts believe a recent reveal of new uniforms is a PR stunt -- and it's certainly generating plenty of social media buzz. The company's name is emblazoned in huge letters on the shirts like a beauty pageant sash.
Japan's intended foray into casino resorts is not expected to hurt South Korea's casino market because "there are over 700 million people ... all within three hours of both [South] Korea and Japan," which Christopher Jones of Mohegan Gaming and Entertainment says represents ample demand to support both countries' efforts. The Mohegan Sun casino resort's first phase in Incheon, South Korea, will open in late 2021, and Jeju Dream Tower will open later this year.
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