Day: January 2, 2025
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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