Industry News
Gaming
Top stories summarized by our editors
7/13/2020

Casinos across 25 states have no-smoking policies, and more than 14% of reopened casinos have switched to a smoke-free atmosphere. The conflict with required face masks and forceful exhalation are among the concerns, but guests' reactions likely will dictate the future of the policy.

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Gambling News
7/13/2020

Suncity founder Alvin Chau hit back at social media reports that the company is in financial trouble and being targeted by law enforcement, saying the junket operator of VIP rooms throughout Asia is financially sound with $1.37 billion in reserves. "We have the capability and enough capital to offset any bad debts and chip deposits of all clients," he says.

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Reuters
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Suncity
7/13/2020

Restaurant business has tumbled during the coronavirus pandemic, but online gaming is doing much better than last year, Hard Rock International Chairman Jim Allen says. While business overall is down, the specific numbers aren't consistent, as the different markets are seeing varying results.

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CNBC
7/13/2020

Iowa's 19 licensed casinos had $1.163 billion in adjusted gross revenue for fiscal 2020 compared with about $1.457 billion in fiscal 2019. "The numbers would have been lower had the facilities not been able to offer sports betting," the state gaming commission's Brian Ohorilko says.

7/13/2020

Despite the lack of popular sports during the coronavirus pandemic, sports betting companies are thriving as they expand into other sports, esports, online poker and online casinos games. Many companies are going public and realizing strong valuations.

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Forbes
7/13/2020

North Carolina's Eastern Band of Cherokee Indians has filed suit over the US government's approval of a land-in-trust in North Carolina that the Catawba Indian Nation of South Carolina intends to use for a casino-resort. The Cherokees say the land is theirs and that the government didn't follow the correct procedures.

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Spectrum News
7/6/2020

After a Union Gaming study conducted last August had difficulty showing any economical viability for casinos in Illinois, lawmakers decided to make changes. Gov. J.B. Pritzker has put his signature to legislation that should make the Windy City more attractive for casino operators by lowering the taxes on gross gaming revenue owed by a Chicago casino.

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CalvinAyre
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Union Gaming
7/6/2020

As Las Vegas resort pools reopen under the second phase of Nevada's reopening plan, safety measures are being implemented to keep guests and staff safe including QR-code food and drink menus, mask requirements and group restrictions. However, many guests have witnessed guidelines ignored as large crowds fill pools and congregate around them.

7/6/2020

The Michigan Gaming Control Board (MGCB) has begun accepting online gaming and sports betting operator license applications and cleared casino's online technology partners to submit vendor registration applications. MGCB Executive Director Richard Kalm says the state expects to launch online betting and gaming later this year or early next year.

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CalvinAyre
7/6/2020

Due to incorrect start times published for Korean and Chinese baseball games, approximately 50 bets were placed after the sporting events had started, reports ESPN. Seven longtime bookmakers can't recall a larger loss in Las Vegas history, as the winning wagers placed June 28 at MGM Resorts amounted to almost $250,000.

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