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Maryland Casinos Break New Revenue Records in 2018

January 8, 2019

Maryland’s six casino operators closed out 2018 with rather modest gaming revenue gains even though Horseshoe Casino Baltimore’s ongoing decline showed no signs of subsiding – only Horseshoe Casino saw revenue decline, which in this case was a 7.2 percent drop. According to figures released on Monday by the Maryland Lottery and Gaming Agency, statewide casino gaming revenue hit the $148.8 million mark in December 2018, a 5.2 percent increase over the same month in the previous years and an improvement of $8.4 million over what was recorded in November 2018. The Specifics Casino gaming revenue by itself contributed to… Read More

Operators Compete for Japanese Casino Licenses

August 21, 2018

The Japanese government has finally given the go-ahead for casino gambling, and the market is about to heat up. Three casino resort licenses are available for which nearly a dozen gaming operators will be competing. They are definitely pulling out all the stops when it comes to courting local officials, and we’ve seen some extraordinary displays of courtship. Big Brands Spending Big Bucks Most recently, Melco Resorts and Entertainment, a gaming operator based in Macau, hosted an impressive fireworks display after meeting with Osaka’s governor. Additionally, MGM chief executive Jim Murren hosted a party for 100 attendees on a chartered… Read More

Government Pension Plan Offered to Macau Casinos

June 5, 2018

First buses, and now government pension plan schemes to help make Macau a better place overall. The busses are for the mass tourists that continue to flock to the gambling mecca. The pension plans would be for employees. Macau operators are being urged to take part in the government pension scheme. The pension plan idea is not mandatory. It is a voluntary option that is run by the government for other companies like casinos. Labor representatives in the gambling industry feel the six operators should help protect workers and provide more pension options. There are those who believe casinos not… Read More

Illinois’ Video Gambling Is Raking It In, but Casinos Aren’t Seeing a Dime

May 12, 2018

Video gambling is spinning out of control at the moment and the state of Illinois, as well as, the local government departments have benefitted immensely from the exponential increase in popularity of online gambling and games. However, not all of the parties in Illinois have gotten in on the action, casinos in cities such as Aurora where casinos used to have vast revenues are starting to face harder times. Are Casinos Dying Relics? All around Chicago, it seems that the formerly vast quantities of gambling revenue and therefore the taxation upon that revenue has dwindled; the culprit has been deemed… Read More