Month: January 2025
MGM Resorts’ Empire City Casino Has Generated Over $5B for New York
MGM Resorts International acquired the Empire City Casino and Yonkers Raceway in 2019 for $850 million. Since then, the gaming giant has generated billions for the State of New York. A gambler at Empire City Casino at Yonkers Raceway plays a video lottery game. MGM Resorts says it’s generated more than $5 billion for the…
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MGM Resorts Spent Heavily Opposing Skill Games, Northern Virginia Casino
MGM Resorts International spent more than $755K on lobbying efforts opposing a push to allow a commercial casino resort in Northern Virginia. The Las Vegas-based gaming giant also contributed to Virginia lawmakers who opposed legislation to authorize controversial slot-like gaming machines in the commonwealth. An aerial view of MGM National Harbor overlooking the Potomac River…
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Vegas Casino Resorts Install Detectors to Smoke Out Vapers — Report
Smokers know that smoke detectors in Las Vegas hotel rooms have grown too sophisticated to fool by sneaking drags in the bathroom under the cover of shower steam. But now even vape users, whose devices emit less than a third the particulates of cigarettes, have met their match. AI renders a photo of a Las…
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SL Green CEO Could Land $10M Bonus Tied to Times Square Casino
SL Green (NYSE: SLG) CEO Marc Holiday has plenty of reasons to continue the real estate developer’s push to bring a casino hotel to Times Square in New York City. Ten million reasons to be precise. Tourists in New York’s Times Square. SL Green CEO Marc Holiday will get a $10 million bonus if a…
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DraftKings Settles ‘Corporate Espionage’ Lawsuit Vs. Former Exec
DraftKings has settled a legal spat with its former head of VIP, Michael Hermalyn, whom the operator accused of “corporate espionage” after the executive jumped ship to its rival, Fanatics. Michael Hermalyn, above, denied DraftKings’ allegations, but he is severely restricted in the duties he can perform for Fanatics until February 1. (Image: Cheddar) The…
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Las Vegas Locals Casino Stocks Face 2025 Tests
Shares of the casino operators with significant exposure to the Las Vegas locals market were mixed in 2024 and more of the same could be in store this year as the segment is expected to notch slight growth. Boulder Station Casino in Las Vegas. An analyst said Las Vegas locals casinos could post tepid growth…
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California Tribes Sue Cardrooms Over ‘Illegal House-Banked’ Games
A lawsuit filed by a coalition of California tribal operators accuses the cardroom industry of offering illegal gambling in violation of the state constitution and the California Penal Code. A dealer deals blackjack at the Garden Casino in Hawaiian Gardens, Calif., with the rotating banker position to his left. The card room is one of…
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Michigan Casinos, Sportsbooks, iGaming Platforms Deliver State Half-Billion Dollars
The Michigan Gaming Control Board (MGCB) reports that 2024 was a record-setting year for its commercial and tribal gaming industries. Detroit’s MotorCity, MGM Grand, and Hollywood at Greektown, along with online casinos and sportsbooks, delivered Michigan more than a half-billion dollars in 2024 state tax revenue. Most of the gaming tax benefit goes to support…
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