Month: April 2024
Caesars Q1 Results Miss Estimates as Regional Casinos, Sports Betting Lag
Shares of Caesars Entertainment (NASDAQ: CZR) slumped during Tuesday’s after-hours session, extending declines following a 4.7% drop during normal trading hours after the casino operator posted first-quarter results that badly missed Wall Street forecasts. Caesars Palace Las Vegas. The operator said first-quarter earnings and revenue at its Las Vegas and regional casinos declined. (Image: YouTube)…
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New Jersey Attorney General and Unite Here Ask Court to Dismiss Smoking Lawsuit
New Jersey Attorney General Matthew Platkin, representing the legal interests of Democratic Gov. Phil Murphy, has asked New Jersey’s Superior Court to dismiss a lawsuit against the state challenging a smoking law that allows casinos in Atlantic City to designate up to 25% of their gaming space for indoor tobacco consumption. New Jersey Attorney General…
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Cracks Emerging on Las Vegas Strip Says Analyst
Las Vegas Strip casino hotels have experienced a torrid pace of recovery following the darkest days of the coronavirus pandemic, but there are signs lethargy is setting in. Fireworks light up the Las Vegas Strip on New Year’s Eve. An analyst says lethargy is setting in in the US casino hub. (Image: Getty) In a…
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Immigrant Cancer Patient Wins $1.3B Powerball Jackpot With Wife and Friend
An immigrant who’s battling a cancer recurrence came forward Monday to collect on the $1.326 Powerball jackpot he won earlier this month with his wife and friend. Cheng “Charlie” Saephan redeems the winning $1.3 billion Powerball jackpot he purchased with his wife and friend on Monday, April 29, 2024. Saephan is battling a cancer recurrence…
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Rivers Pittsburgh Roulette Cheating Case Sees Two More Players Charged
Two Wexford, Penn. men have been charged in relation to a roulette cheating scheme at Rivers Casino Pittsburgh that involved collusion between a dealer, a floor supervisor, and players. The conspirators at the Rivers Casino Pittsburgh, above, discovered a way to place bets after the roulette had settled. But an anonymous letter made security focus…
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New Casino Resort and Arena Proposed for Site of Vegas Strip’s Failed All Net Project
The Las Vegas Strip site of the failed All Net Arena project just may become a resort and basketball arena after all. The former Las Vegas Strip site of the long-proposed All Net Resort and Arena has remained vacant since a Wet ’n Wild waterpark closed there in 2004. (Image: KSNV-TV/Las Vegas) LVXP, a new…
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New Jersey Gov. Murphy Says Both Sides of Casino Smoking Debate Must Be Considered
New Jersey Gov. Phil Murphy (D) has said repeatedly that he would sign legislation to close the indoor smoking loophole afforded to casinos in Atlantic City through the state’s 2006 Smoke-Free Air Act. But the second-term governor said during his monthly radio program “Ask Governor Murphy” on New Jersey Public Radio that both sides of the…
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Petersburg Casino Bidding Process Scolded by Virginia Senator Who Sponsored Bill
How the Petersburg casino bidding process played out has yet another critic in Virginia Sen. Lashrecse Aird (D-Petersburg), who led the effort to pass legislation designating the city for a casino license. Virginia Sen. Lashrecse Aird (in blue) speaks with poll workers in June 2023. Aird last week criticized the Petersburg City Council for its…
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Nevada Regulators Join Las Vegas Money Laundering Probe as Net Widens
The Nevada Gaming Control Board (NGCB) has joined a sprawling investigation into the possible laundering of proceeds from illegal bookmaking at Las Vegas casinos, the Nevada Current reports. Scott Sibella, above, has pleaded guilty to violating the Bank Secrecy Act in connection to Wayne Nix, the bookie he allowed to gamble at the MGM Grand.…
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Prominent District Attorney in Pennsylvania Calls for Skill Gaming Clarity
A prominent county prosecutor in Pennsylvania is urging state lawmakers in Harrisburg to pass a regulatory bill for skill games, the controversial slot-like gaming machines that the casino industry claims constitute illegal gambling. Skill gaming terminals branded “Pennsylvania Skill” are seen in a bowling alley near a children’s amusement claw machine in Hawley, Pa. A…
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