Casino News

MGM China is forecast to report an adjusted EBITDA of approximately HK$2 billion (US$250 million) for the fourth quarter of 2024, marking a 5% increase compared to the previous quarter. This growth is in line with the company’s continued momentum following the post-pandemic recovery. According to analysts at investment bank Jefferies, the company’s gross gaming revenue (GGR) is predicted to grow
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The Grand Traverse Band of Ottawa and Chippewa Indians (GTB) is preparing to open a temporary casino in Benzie County, Michigan, marking a significant development for the tribe as it explores future opportunities in the region. The new gaming facility, named Crystal Shores Casino, will debut on January 22, 2024, following a members-only soft opening on January 18-19. This will be
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The three commercial casinos in Detroit, Michigan, collectively reported a remarkable $1.29 billion in total revenue for the year 2024, marking a solid recovery in the aftermath of the disruptions caused by the pandemic. This strong performance for the year is largely attributed to a particularly strong fourth quarter, as well as ongoing stabilization within the retail gaming sector.
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Two major contractors in Washington, D.C.’s controversial sports betting program have reached a settlement to pay a combined total of $6.5 million after an investigation uncovered fraudulent practices in the awarding and execution of a lucrative contract. Intralot, a Greek-based gaming company, and local subcontractor Veterans Services Corporation (VSC) are accused of misleading District officials to secure a $215 million contract for managing D.C.’s
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In a groundbreaking collaboration, LiveRamp and Mohegan have unveiled the first casino media network, setting a new benchmark in gaming and entertainment. This initiative empowers advertisers to harness Mohegan’s extensive first-party data, enabling brands to connect with audiences through highly personalized experiences across digital and on-site channels. As advertising in travel-focused commerce media is projected
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Phil Hellmuth, a globally recognized poker legend and 17-time WSOP bracelet winner, has officially partnered with Rush Street Interactive (RSI) to become BetRivers’ newest brand ambassador. Known for his vibrant personality and extensive poker expertise, Hellmuth is set to elevate player experiences across RSI’s platforms, including its casino, sportsbook, and poker offerings. Hellmuth’s collaboration with
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Shares of Delta Corp, India’s prominent casino and online gaming operator, fell more than 3 percent on January 14, 2025, closing at Rs 106, following the company’s disappointing financial results for the third quarter of fiscal year 2024-25 (Q3FY25). The drop reflects the company’s ongoing struggles as it grapples with a variety of challenges impacting its gaming operations and broader
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The decision came after Graton Rancheria, which operates the Bay Area’s largest casino, filed for an injunction seeking to prevent the U.S. Department of the Interior from finalizing its approval process. The Graton tribe argued that the federal government had not adequately consulted with them during the land review process, especially regarding cultural surveys required under the National Historic
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PENN Entertainment has introduced its standalone Hollywood Casino app to Michigan, marking a significant expansion of its digital operations. Available on Android, iOS, and desktop, the app offers players access to PENN’s extensive gaming portfolio while leveraging ESPN BET login credentials for seamless navigation across platforms. The app provides a robust gaming experience with over
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Thailand’s government has taken a significant step towards legalizing gambling with the approval of a controversial bill that would permit casinos to operate within entertainment complexes. The proposal, which aims to enhance tourism and address illicit gambling, marks a shift in the country’s longstanding approach to gaming laws. The draft law, approved by the Thai
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After more than a decade of delays and controversy, the U.S. Department of the Interior has finally given the green light to the Coquille Indian Tribe’s casino project in Medford, Oregon. On January 10, 2025, the Department issued a Record of Decision (ROD) approving the Tribe’s request to transfer land into trust, a critical step in the development of The Cedars at
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Stake, the prominent online gambling operator, has officially entered the Danish market by acquiring MocinoPlay, the company responsible for the fast-growing VinderCasino brand. This move strengthens Stake’s commitment to its global expansion strategy, particularly focusing on regulated markets. The acquisition, which remains subject to approval by Denmark’s regulatory body, Spillemyndigheden, aligns with Stake’s long-term vision of becoming a leader in
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Polymarket, a blockchain-based prediction platform, has been officially banned in Singapore as the country enforces strict gambling laws. The ban, effective January 12, 2025, follows an increasing global push to curb unlicensed online betting platforms, positioning Singapore as the latest jurisdiction to block access to the controversial crypto-based marketplace. Singapore follows the global trend of Polymarket bans: The
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Chicago’s ambitious attempt to ease its financial struggles through a casino has not yielded the expected results, according to a recent City Council report. The temporary casino at River North’s Medinah Temple, which opened in September 2023, has significantly underperformed, with only $63.2 million in new tax revenue generated in the past 16 months. Chief Financial Officer Jill Jaworski presented these figures during
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