Gaming
Top stories summarized by our editors
7/16/2018

No quick fix appears to be at hand for reviving the horse racing industry, and bets placed on races declined by more than half last year compared with 2003. Electronic games at the tracks have injected about $1 billion each year into the market since their introduction.

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Reuters
7/16/2018

Concordia University student Brandon Stevenson won $1 million on a Powerball ticket this week that he bought with free credits through a lottery app run by Jackpocket. The app allows users to purchase Minnesota Lottery tickets through company employees who buy physical tickets for them at retail stores.

7/16/2018

Wynn Macau will distribute a special bonus to 95% of its current employees Aug. 15 after its net profits rose 119.2% in the first quarter of 2018. "Following a general salary increase announced earlier this year in February, this special bonus is being awarded to show the company's appreciation for strong business results and team members' hard work and dedication," the company said.

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GGRAsia (Macau)
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Wynn Macau
7/16/2018

Although most Americans participated in legal World Cup final bets at casinos, many gamers in other countries are turning to their smartphones to place sports wagers. Revenue from online sports bets represents 60% of the UK market, while revenue from in-person betting declined 12% over the past five years, according to Gambling Compliance.

7/13/2018

Recycling is a conspicuous priority at the MGM National Harbor hotel and casino in Prince George's County, Md., following a companywide sustainability policy. Guests have responded to the initiative, which features 135 recycling bins throughout the property and separation of recyclables from disposables by staff.

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MGM National Harbor
7/13/2018

Nearly $3.5 million in gross revenue flowed in to New Jersey's three sports betting venues by the one-month anniversary of the newly legalized wagering. Wagers in June contributed to $294,000 in taxes for the state, according to the New Jersey Division of Gaming Enforcement.

7/13/2018

Gross gaming revenue in the US rose 4.56% year over year to $3.56 billion in May and increased 2.81% nationwide in the first half of 2018 compared with the same period in 2017. Although sports betting has not been a large moneymaker for casinos, the activity could bring more sports fans into gaming facilities, where they might choose to play slots or other games.

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Casino
7/13/2018

A bill that would bar local casino employees from going to Macau's casinos outside of working hours has been approved by the Legislative Assembly. If passed, the law would allow employees to visit casinos for training activities and during the Lunar New Year's first three days.

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Legislative Assembly
7/12/2018

MGM Growth Properties has acquired the Hard Rock Rocksino Northfield Park in Ohio, for $1.06 billion. The racino slots facility will keep its name, and Hard Rock will stay on as the manager.

7/12/2018

The Effingham American Legion Post 120 is one of several fraternal organizations in Illinois that have been enjoying added revenue from video gaming machines since 2012. Terminal income from across the state rose by 17.6% to $1.3 billion in 2017 compared with the year before, IGB says.

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IGB