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But one analyst argues that the financial market doesn’t yet fully appreciate the operators’ growing footprints in this arena.

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Through its pursuit of William Hill (OTC:WIMHY), Caesars is viewed as a potentially indomitable force in the sports wagering landscape. Meanwhile, MGM is leveraging its BetMGM/GVC Holdings unite, for internet casinos and sports betting businesses. Morningstar gaming and leisure analyst Dan Wasiolek encourages investors seeking exposure to this space to […]

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New Orleans area casinos are trying to regain their economic footing after being hit by a pandemic and severe weather.

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Boomtown hotel-casino has shown positive results. The property reported revenue in July of $10 million. This figure exceeds the $8.8 million the resort brought in during the same month in 2019, according to the newspaper website nola.com. Boomtown is in Harvey, Louisiana, south of downtown New Orleans, on the opposite […]

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Resorts World Catskills and other regional casinos face economic challenges for at least a year because of the coronavirus pandemic, according to a financial firm.

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Regional casinos are confronted with several pandemic-related concerns, according to Moody’s Investors Services. These include government restrictions on the number of customers who can enter the property at one time. After a six-month lockdown because of COVID-19, Gov. Andrew Cuomo (D) allowed the state’s casinos to reopen Sept. 9 at […]

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A limited number of fans will be allowed inside Allegiant Stadium in Las Vegas this year to watch college football games.

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This is the inaugural year for the $1.9-billion stadium near the casino-lined Las Vegas Strip. The University of Nevada, Las Vegas (UNLV) this week announced that local and state authorities have approved fan attendance for at least the first two Rebel home games this season. Under health guidelines, the university […]

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Police in Italy allege that four employees of Lottomatica Holding devised a scheme to enrich themselves and their families by rigging the lottery in their favor.

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Lottomatica Holding is a subsidiary of International Game Technology (IGT). The Guardia di Finanza, Italy’s law enforcement agency, announced today that its Special Currency Police Unit has arrested a total of 12 individuals connected to the lottery fraud. Officials allege that four Lottomatica employees who were privy to the whereabouts […]

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Maryland voters are deciding who should lead the United States for the next four years, but they’re also voting whether they want to allow legal sports betting.

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Question 2, the Sports Betting Expansion Measure, asks Marylanders, “Do you approve of commercial gaming in the State of Maryland to authorize sports and events betting for the primary purpose of raising revenue for education?” If a simple majority backs the ballot referendum, Maryland will join 22 other states and […]

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The gaming industry drew a winning hand nationwide this week, with overwhelming votes in six states for legal sports betting or casinos.

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Voters this year approved sports betting in Maryland, Louisiana, and South Dakota. Casino expansion won in Virginia, Nebraska, and Colorado. Election Day support for legal gaming indicates more people are accepting an industry that some have viewed negatively, experts said. “It appears that Americans are becoming increasingly comfortable with legalized […]

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