Casinos are exploring ways to stay relevant to the young consumers who seem less interested in gambling than previous generations. According to Las Vegas Convention and Visitors Authority, only 63 percent of millennials visiting Las Vegas last year gambled in comparison to 78 percent of those between the ages of 51 to 60. Studies show…
There has been a lot of speculation as to which presidential candidate Las Vegas Sands Chairman Sheldon Adelson is backing as the 82 year old billionaire is known for having strong ties in political circles. There were initial reports that Adelson had backed the young Senator Marco Rubio but recent reports have confirmed a meeting…
The Coalition To Stop Internet Gambling backed and financed by Las Vegas Chairman and billionaire Sheldon Adelson had one key objective and that was to get Congress to review the RAWA act and to get it restored at the earliest. Adelson who has gone on record to state that he would personally finance the coalition…
The on-going feud with the Detroit Casino Council and the three casinos in MotorCity, Greektown Casino and MGM Grand Detroit has finally come to an end as union members accepted the proposal put forward and agreed to sign the new contract. The feud between the casinos and the Detroit Casino Council was over the proposed…
Macau’s casinos continue to experience setback after setback as Beijing and Macau continue to tighten its policies to ensure that money laundering and anti-corruption activities are curbed. The anti-corruption crackdown which Beijing launched in 2014 has resulted in Macau’s casinos experiencing 18 months of consecutive revenue decline. The casino industry has already lost over $100…
The standoff between the three Detroit city casinos and the casino union has gone on for months and has caused serious concern for the state government as both parties were finding it difficult to reach a mutual agreement. The Detroit Casino Council which is made up of union members from the International Union of Operating…
Massachusetts initially threw out the red carpet for the $800 million MGM Springfield casino and the process appeared to be going smooth for both parties until MGM Resorts decided to make a few changes to its initial proposal. MGM decided to cut down on the scale of its MGM Springfield casino by nearly 14% as…
