2017 was an outstanding year for casino operators from all corners of the globe but the true measure of success in the casino industry has always been the annual revenues of the casinos. Considering how shaky the year has been for stakeholders in the industry, it is quite commendable that they managed to overcome a number of obstacles and antagonists to bring in some hefty compensations both collectively and individually. Adelson’s Records Standard 400 Percent Pay Rise Las Vegas Sands CEO and chairman, Sheldon Adelson whose net worth is approximately $32.6 billion had his annual salary bumped up from $1… Read More
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Boyd Gaming Gets Valley Forge Casino, and It’s About Time as Well Because Online Gambling Is Here!
The legislation to legalize online gambling is getting serious attention in just about every state in the United States, and therefore it seems only natural that big business sensing the growth within online gambling would hop on the market. Hence, it was no surprise when the news came in about Boyd Gaming and Valley Forge Casino. Why Is This Significant? Pennsylvania is the fourth state in the United States to officially recognize, allow and set guidelines on the principles for online gambling facilitators. This was one of the major factors playing into Boyd Gaming’s decision to purchase Valley Forge Casino… Read More
State Senate of New Jersey Decides Not to Reintroduce Casino Expansion Legislation
The president of the State Senate of New Jersey, Stephen Sweeney (a Democrat), has recently announced that the state legislature will not reintroduce a ballot that would allow more casinos in New Jersey. Background to the Politics of Casinos Currently, the only casinos allowed to operate in New Jersey are limited to Atlantic City. In November 2016, a constitutional amendment was proposed to permit casino gambling in two additional counties of New Jersey, both of which are more than 72 miles from Atlantic City. However, this ballot was served a resounding defeat, with over 77 percent of voters opposed to… Read More
Bidding for Pennsylvania Satellite Casino to Begin Next Month
According to state lawmakers, bidding wars for 10 Pennsylvania satellite casinos are to begin next month. The announcement which was made by the Pennsylvania Gaming Control Board (PGCB) indicated that the first rounds of auctions will occur on January 10th at the agency’s offices in the Harrisburg capital. In addition to the Category 4 casino licenses that will be up for grabs on the 10th of January, there are nine more auction dates slated in the following periods with one satellite casino permit being put up for grabs at each of the meetings. Still, the January 10th event is going… Read More



