Bleutech Park is One Step Closer to Being Constructed

Months ago, plans were unveiled for a brand new futuristic “mini-city” within Las Vegas called Bleutech Park. Developers claimed the project would cost upwards of $7.5 billion, making it one of the largest in recent history. This week, these developers agreed to purchase land for this new futuristic park.

Bleutech Park Project

It’s exciting news for supporters of this new project. Today, we’re going to look at what we know about Bleutech Park. We’ll also look at what the land agreement means for the future of this ambitious plan.

Developers Reveal Plans for New “Mini-City” Within Las Vegas

Las Vegas is no stranger to huge development projects. Right now, several massive projects are underway here, some of which are costing billions of dollars to construct. This past summer, a development company revealed its plans to construct a futuristic “mini-city” in Las Vegas.

The developers claim that the project will cost $7.5 billion to complete. This money, they argue, will go towards the construction of one of the country’s most modern new “smart cities.”

This development, called Bleutech Park, will run entirely on renewable energy sources. It will be 100% grid-independent and will feature buildings made up of energy-generating and breathable materials. A network of “supertrees” will also be used inside the park to help reduce imported water consumption by 95%.

Obviously, this project was appealing to Las Vegas city officials. A futuristic city such as this one could have a massive impact on future construction projects here.

The developers of Bleutech Park hope to start construction by December of this year. This week, the company agreed to purchase land for this incredible new mini-city.

Bleutech Park Properties Agrees to Land Deal for New Project

Since announcing the plans for this new development, Bleutech Park Properties have looked for a suitable area for construction. It now appears that they’ve found it. According to the Las Vegas Review-Journal, the company has agreed to purchase land for its new mini-city.

BPP has reached an agreement with landowners Khusrow “K” Roohani and Larry Canarelli to buy 210 acres of land at Las Vegas Boulevard and Cactus Avenue. According to reports, the deal is to buy each acre for $1.5 million. This puts the entire sale price at about $315 million.

Roohani confirmed that he’s reached a “solid agreement” with Bleutech Park Properties. It’s a low-risk deal for the landowner.

Of course, this deal has not been finalized. Several steps will need to be taken before construction can officially begin. Based on what we know so far, this could be within the next few months.

It’s exciting news to see a land purchase agreement made. As we’ve already mentioned, this isn’t the only major project coming to Las Vegas in the near future.

More Projects Being Constructed in Las Vegas

Bleutech Park is the most ambitious project proposed in Las Vegas for years. There are, however, some incredible new venues opening up here. Some of them are costing several billion dollars to construct.

Resorts World remains the largest new project under construction in this city. It’s owned by the Genting Group and is expected to open in 2020. It’s set to become one of the largest new casino-resorts in the city.

The MSG Sphere is another massive project being constructed in Las Vegas. It’s currently being made directly next to the Las Vegas Strip. It’s said to be the biggest and most high-tech entertainment venue in the city.

If Bleutech Park is constructed, it will set a new standard for LV development projects. Make sure to stay tuned for more updates on this situation over the next few months!

Caesars Entertainment Reveals a “Solid” Third Quarter

More US casino companies are releasing their financial statements. Officials within Caesars Entertainment have just revealed the company’s third-quarter reports. Fortunately, the company managed to bring in some serious revenue over 2019’s Q3.Caesars Entertainment

This company is in the middle of some major changes. Today, we’re going to look at Caesars’ third-quarter reports. We’ll also talk about what’s in store for this company in 2020. Let’s get into it!

Quarter Three Proves Successful For Caesars

This week, Caesars Entertainment finally revealed the company’s financial statements for the year’s third quarter. Some analysts were concerned that the company was losing money. It was in the middle of a complete overhaul and many were unaware of the impact that this would have.

Fortunately, things are looking great. These reports show that Caesars generated revenue of $2.24 billion during Q3. This represents a 2.3% increase from the same time period in 2018.

This company also recorded a $68 million operating loss and a net loss of $359 million. Amazingly, Caesars still brought in a profit of $110 million. This is great news for shareholders. Caesars has been working hard to generate revenue in different ways this year.

Tony Rodio, CEO of Caesars Entertainment, commented on the revenue reports to the media this week.

“We are pleased to have delivered solid financial results in the third quarter with net revenue growth across all business verticals, despite headwinds across our portfolio. Revenue performance was driven by our Las Vegas region due to increased consumer demand, with particular strength in the hotel business which continues to outpace prior years across properties. Coupled with corporate expense reductions, this led to strong adjusted EBITDA growth as well as margin expansion.”

Majority of Revenue Came From Las Vegas

Unsurprisingly, the vast majority of revenue came from Las Vegas. It’s clear that Vegas remains the true hub for this company. Revenue from Las Vegas increased by 7% to $973 million.

Gamblers appeared to be unlucky during Q3. Reports show a 17.3% rise in gambling revenue in Las Vegas during these three months. Hotel occupancy was also up three points to 95.6%.

In other parts of the country, things weren’t quite as successful. Revenue from the rest of Caesars’ US operations fell by a little less than 1%. Significant losses were reported in Atlantic City.

Caesars Entertainment’s revenue from online gambling businesses and international casinos fell by 4% to $144 million.

Quarter four should be even better for Caesars. The company is set to receive an additional $516 from the sale of the Rio Hotel & Casino in Las Vegas.

Next year will represent a massive change for this major casino operator.

Caesars Entertainment Set to Merge With Eldorado Resorts

Back in June, Eldorado Resorts announced that it was set to purchase Caesars Entertainment for an astounding $17 billion. It’s the largest merger of two casino companies in history. Initially, it was said that this merger would be finalized before the end of the year.

Things are taking longer than expected, though. Now, it appears that this deal will be concluded sometime in 2020.

These two companies must gain approval from several state gambling commissions before this deal can be finalized. The Federal Trade Commission must also approve the merger. Officials want to ensure that this deal does not create a monopoly-like situation.

Both of these companies are selling properties, too.

Based on multiple reports, Caesars Entertainment is set to be taken over by Eldorado Resorts early next year. We’ll need to wait and see how this affects the US casino industry moving forward.

Q3 proved to be successful for Caesars. 2019’s fourth quarter is likely to be even better. Stay tuned for more US casino news over the next few weeks!

Voters Scheduled to Decide on New Casino in Terre Haute

Lawmakers in Indiana have been taking a closer look at the state’s current casino regulations. This week, voters in the state will decide on whether or not to allow a new casino in Terre Haute. Gambling fans here maintain that a casino will help to generate more revenue for the state and bring additional jobs to Terre Haute.

Terre Haute Indiana City Hall

It’s an exciting time in the state. Voters here are also deciding on who will fill dozens of mayoral offices throughout Indiana. Let’s look at everything that’s going on here.

Indiana Has Been Looking at Casino Expansion for Months

Officials in Indiana have been interested in opening new casinos for almost all of 2019. Back in February, lawmakers here first approved a bill to expand the state’s gambling industry. Senate Bill 552 quickly moved through the state’s legislative process with support from many residents and politicians.

Under this bill, a casino license can be granted in Terre Haute. Several companies have already expressed interest in opening a gambling venue here. Before this can happen, however, voters here will need to officially approve these plans.

Vigo County voters will decide whether or not to allow construction on a new casino in Terre Haute. If approved, this will become the 14th casino to open in the state of Indiana.

As we’ve already mentioned, two companies have expressed an interest in opening a casino here. Both companies are pledging to invest millions of dollars into this area.

It seems likely that these plans will be approved.

Pros and Cons of a New Casino in Terre Haute

A huge number of individuals have been actively promoting this new casino. Even state officials have been praising the benefits that this gambling will offer. Duke Bennett, mayor of Terre Haute, has been fighting hard for this casino to get approved.

“It’s always been about the economic development opportunity for me,” he said. “I did all I could to help bring that opportunity to the community… One of the most important parts of [the legislation] for me was the referendum language. We fought to keep that in there because I’ve felt it extremely important that the people of Vigo County decide whether they wanted a casino or not.”

According to Bennet, this new casino will help to bring more revenue to the state, add more jobs in Terre Haute, and bring in more tourism.

“When you look at the economic impact of not only the construction but also the jobs it will create and the revenue it will create for the city, we’re talking about near $10 million,” Bennett said. 

Of course, some residents here are concerned about the negative impact that a casino could have. Some believe it will lead to a rise in crime and gambling addiction.

We’ll need to wait and see how Vigo County voters decide on the new casino in Terre Haute.

Online Casino Gambling is Growing More Popular in Indiana

Indiana is home to many fantastic land-based gambling venues. Soon, even more of these establishments could open up. Unsurprisingly, more and more individuals here choosing to make their bets online.

There are a huge number of fantastic online casinos in IN right now. Most of them offer even more gambling options than the top land-based casino venues in the country. You can find many different table games and slots available online right now.

Most of these sites are extremely safe, as well. Word spreads fast in the online gambling market. Any sites caught doing anything shady are quickly blacklisted.

Online casinos remain unregulated in Indiana. Many believe that in time, the state government will begin to regulate and tax these sites. Doing so would likely earn the government millions in additional revenue every single month.

Very soon, we’ll know whether or not the new casino in Terre Haute will be approved. Stay tuned for more updates this week!

Convention Attendance in Las Vegas Could Set Records in 2019

Las Vegas is known for being the convention hub of the United States. This year, convention attendance in Las Vegas could set new records. It’s clear that individuals continue to value this city as a business center.

Las Vegas Convention Center

There’s a lot to be excited about in Las Vegas right now. Today, we’re going to look at how much rates of tourism and convention attendance have increased this year.

Gambling Revenue Continues to Surge in Las Vegas

At the beginning of the year, casinos in Las Vegas were struggling to increase their gambling revenue. For several reasons, visitors to the city were not gambling as much as initially projected. This led some to claim that Las Vegas’ best days were in the past.

Much of this has to do with the rise in competition around the country. In the past, Vegas was one of the only areas of the country that allowed full gambling and sports betting options. This is no longer the case.

Many states now have fully operational commercial casinos and sportsbooks up and running. New Jersey, in particular, is experiencing a huge surge in tourism and revenue thanks to its expanded gambling options. Amazingly, New Jersey’s sports betting revenue has even surpassed Las Vegas’ on several occasions this year.

Gambling revenue has been increasing in Las Vegas for months now. September was one of Nevada’s best months in recent memory. Overall, casinos here generated more than $1 billion.

Unsurprisingly, Las Vegas generated the vast majority of this money. Clark County, in which Las Vegas lies, brought in $913.6 million. Baccarat helped to generate serious revenue for casinos in the city.

New reports now claim that convention attendance in Las Vegas is reaching an all-time high.

Tourism and Convention Attendance in Las Vegas Are Increasing

An increase in gambling revenue generally indicates an increase in tourism, as well. This theory is proving to be correct. The Las Vegas Convention and Visitors Authority has just released reports that show tourism in this city is strong.

As of the end of September, more than 31.9 million people have visited Las Vegas this year. It’s 0.6% higher than the visitor volume in 2018. There’s still a chance that 2016’s record of 42.9 million total visitors will be broken this year.

Convention attendance in Las Vegas is where things get really surprising. New reports indicate that as of now, more than 5.165 million convention attendees have visited Las Vegas this year. There’s a great chance that Las Vegas manages to break 2017’s total record of 6.646 total convention attendees.

Hotel occupancy numbers are also looking solid so far this year. The current room inventory in this city stands at 149,050. That’s not too far behind 2013’s record of 150,593. Currently, Las Vegas’ hotel occupancy level is at 89.2%. This could indicate that another record is set to be broken.

Overall, Las Vegas is having a fantastic year. We’ll simply need to wait and see how 2019’s fourth-quarter plays out.

Las Vegas Property Sales Continue

Never before have so many major Las Vegas hotel-casinos gone up for sale. It’s a fascinating time in the city. Amazingly, more major property sales are likely to take place over the next few months.

MGM Resorts claims that it’s still interested in putting properties up for sale. Not long ago, this company sold both the Circus Circus Hotel & Casino and the Bellagio Casino-Resort. The latter proved to be the largest hotel-casino sale in Las Vegas history.

Caesars has also been looking to sell some of its LV venues. The company sold its Rio Hotel & Casino to Imperial Companies earlier this year. Caesars Entertainment is scheduled to merge with Eldorado Resorts sometime in 2020.

Officials within Hard Rock International have recently claimed that they’re interested in purchasing a Las Vegas Strip property. It would be fitting, considering the Hard Rock casino in Las Vegas has now been taken over by Virgin Hotels.

There’s clearly a lot going on here. Convention attendance in Las Vegas is up and could soon break the all-time record.

Stay tuned for more Las Vegas casino news over the next few months!

US Sports Betting Industry Set to Generate Billions Over the Next Few Years

The US gambling market is considered by many to be the most lucrative in the world. This is especially true now that sports betting is legal in many states. New reports indicate that the US sports betting industry will grow significantly over the next several years.

Hundred Dollar Bills

This proves just how quickly sports gambling is growing throughout the country. Today, we’ll look at which states currently allow sports betting and which ones are likely to legalize this form of wagering in the near future.

Nearly 20 States Have Now Legalized Sports Gambling

In May of 2018, the US Supreme Court struck down PASPA, a set of laws that limited sports betting to Nevada. With PASPA gone, every state in the country now has the ability to set laws on the sports betting industry. Almost immediately, a huge number of states began regulating this industry.

New Jersey was the first state outside of Nevada to officially legalize sports gambling. It proved to be a fantastic decision. The state’s sports betting market is now the most lucrative in the country. On several occasions this year, New Jersey’s sports betting market has generated more revenue than Las Vegas’.

New York, Pennsylvania, Mississippi, and more states all enjoy a regulated sports betting market. In most of these states, both online and land-based sports gambling is allowed.

Many states have also taken steps to legalize sports betting, yet have not yet launched any sports betting operations. Montana, Tennessee, and Illinois all fit into this category. Hope is that these states will launch their sportsbooks before the end of the year.

It seems likely that in time, every state will legalize sports gambling. Lawmakers across the country realize the massive earning potential from this industry.

New reports shed light on just how quickly the US sports betting industry is growing.

US Sports Betting Industry is Growing Faster than Many Predicted

Everyone knew that sports betting was popular in the US. Not many predicted it would be growing as quickly as it is right now, though. Reports are surfacing that indicate the US sports betting industry will start generating billions of dollars by 2025.

Several investors and sports betting companies made this prediction public this week. Morgan Stanley, one of the top US investment firms, predicts that the industry will generate $7 billion over the next five years, significantly more than the $833 generated this so far this year.

This is still significantly less than what casinos in the US generate every year. It’s still a major revenue increase, though.

Several other companies including MGM Resorts, Hard Rock International, and Mohegan Sun all predict that the industry will generate between $6 to $8 billion by 2025. Many are quick to point out that competition is growing and some sports gambling operators will ultimately fail.

Scott Butera, president of interacting gaming for MGM Resorts International, commented on the competitive nature of the US sports betting industry to the media this week.

“It is a growing market here in terms of revenue but it’s a very tough market,” he said. “Everybody wants to be here. Ultimately I think we’ll see some shaking out. I’ll take the over on $8 billion.”

More States Will Soon Legalize Sports Betting

There’s never been a better time to be a sports fan in the US. As we’ve already mentioned, a huge number of states have outright legalized sports gambling. Soon, many more states are likely to start regulating this industry, as well.

Many believe that California will eventually choose to regulate its sports betting market. California is home to a huge number of tribal casinos. These gambling venues help to generate massive revenue for the state every year. Sports betting would increase this revenue substantially.

At the moment, there are several fantastic betting sites that are available in every single US state. These websites are not regulated by state governments, yet most are well-known for being extremely safe and offer a wide range of both sports gambling and online casino gaming options.

This site has grown extremely popular over the past five years. It allows members to wager on thousands of different sporting events every single month. Feel free to check it out today.

The US sports betting industry is growing bigger every single day. If predictions are correct, this industry will begin generating billions of dollars within just a few years.

Stay tuned for more US gambling news over the next few weeks!

What’s Happening in Vegas November 3rd – 9th



There’s always something exciting happening in Las Vegas. More entertainment options are available in this city than anywhere else in the world. Here’s a quick look at what happens in Las Vegas over the next few days.

What's Happening in Vegas Banner

Sunday, November 3rd

Day N Vegas Music Festival

Las Vegas is home to many of the world’s biggest and most exciting music festivals. On Sunday, the hugely popular Day N Vegas festival arrives, and fans are already racing to get their tickets. This year’s event is one of the best in recent memory, featuring top artists such as Kendrick Lamar, Schoolboy Q, Tyler the Creator, and more.

The festival takes place at the Las Vegas Festival Grounds. Tickets can be purchased starting at just $300.

Tuesday: November 5th:

Sema Show

Calling all automobile aficionados. On Tuesday, the world-famous Las Vegas Convention Center plays host to the SEMA Show. It’s one of the city’s top car shows, showcasing the latest and greatest updates to vehicle technology. Attendees receive a first-hand look at the future of the automobile industry.

Visitors here can also check out some of the most beautiful vehicles currently on the market. Ticket prices are starting at just $60.

Wednesday, November 6th

PBR World Finals 2019

On Wednesday, Las Vegas turns into every rodeo fan’s favorite city. The 2019 PBR World Finals officially take place inside the T-Mobile Area. The biggest stars in professional bull riding are attending.

The event kicks off at 12 pm and also includes live concerts, fantastic food, and an endless supply of Pabst Blue Ribbon beer. Right now, tickets can be found for as low as $40.

Friday, November 8th

Wiz Khalifa

Wiz Khalifa is set to take center stage at Drai’s Nightclub inside the Cromwell Hotel, close to the world-famous Caesars Palace Hotel & Casino. The famous rapper is set to begin performing at 9 pm. Visitors can watch the iconic musician perform some of his biggest hits at one of Las Vegas’ coolest clubs.

Tickets for this concert are going fast. Some can still be purchased for around $40.

Saturday, November 9th

Tim Allen – Aces of Comedy

On Saturday, the Aces of Comedy show continues with the legendary Tim Allen inside the Terry Fator Theater, within the Mirage Casino-Resort. Allen has won numerous awards during his career and his new act is said to be one of his best. He’s out to prove that he’s just as talented a comedian as he is an actor.

The show kicks off at 10 pm. Tickets are still available and can be purchased for as low as $60.

Just because Halloween is over doesn’t mean Vegas is slowing down. There are still some fantastic events taking place this week. Feel free to check the ones listed above!

Atlantic City’s Ocean Casino is Making a Serious Comeback

Atlantic City is now considered one of the premier destinations in the United States. For years, Ocean Casino has been considered one of the worst gambling venues in the city. Recently, however, this hotel-casino has been posting some impressive revenue figures.

View Over Atlantic City

Owners of this venue are insisting that they’re not going anywhere. Today, we’re going to take a quick look into Ocean Casino’s recent revenue surge. Let’s get into it!

Atlantic City Continues to Bring in Major Revenue

About a year ago, Atlantic City was struggling to bring in any visitors. The recession had taken a major toll on this city and many of the top casinos here were forced to close down. Some felt that the city’s gambling industry was permanently destroyed.

Fortunately, this was not the case. Over the past decade, this city has slowly recovered. There are now many casinos here, most of which are bringing in massive revenue figures every single month. Some attribute this recovery to the city’s legalization of sports betting.

New Jersey was instrumental in getting PASPA struck down. It was the first state aside from Nevada to make sports betting legal. This form of gambling has become extremely popular here and attracts many visitors from states such as New York and Massachusetts.

For almost all of 2019, gambling revenue has increased in this city. Some of these casinos have managed to stand out from the rest of the pack. The Borgata Hotel & Casino, in particular, brings in millions more than any other gambling venue every single month.

Ocean Casino is consistently one of the lowest-earnings gambling venues in Atlantic City. Recently, it’s begun to make a comeback.

Ocean Casino Beings to Generate More Revenue

As we just mentioned, Ocean Casino is one of Atlantic City’s poorest-performing gambling venues. Almost every single month, this hotel-casino makes less than all others in the city. Over the past three months, however, it’s experienced a surge in gambling revenue. Owners are claiming that it’s a trend that will continue.

This establishment has seen double-digit revenue increases in July, August, and September. It appears that October’s revenue increased massively as well. Some are beginning to wonder if this venue will become one of Atlantic City’s next major casino resorts.

Mike Donovan, senior vice president and chief marketing officer of Ocean Casino, commented on these revenue figures to the media this week.

“If you look at our numbers, they speak for themselves,” he said. “We’re going to keep doing what we’re doing and build on the success that we’ve had this year. Ocean is going to be here for a long time.”

It’s amazing news for owners of this casino. There’s a lot to be excited about.

This year, Atlantic City and Las Vegas have been competing over sports betting revenue. How’s this battle playing out?

Atlantic City Now Considered Sports Betting Capital of the US

Sports betting has been legal in New Jersey for more than a year. Today, every casino in this state offers sports betting odds. These casinos also operate online casinos which help to generate a huge amount of money every single month.

This summer, New Jersey surpassed Las Vegas’ sports betting revenue. It was a historic moment, leading many to wonder what the future of the US gambling industry would look like.

Some of the top gambling analysts in the country now believe Atlantic City to be the US sports betting capital. That’s tough to argue against, as revenue here continues to increase almost every single month. Even Ocean Casino is generating serious money from its sports gambling operations.

Hope is that sports betting helps to keep Ocean Casino’s operations up and running. It’s a fantastic casino and one that’s working hard to compete with the city’s big dogs.

Stay tuned for more Atlantic City gambling news over the next few weeks!

The Las Vegas MGM Grand Could Soon Go for Sale

Not long ago, two of the most popular hotel-casinos on the Las Vegas Strip went for sale. Now, reports are surfacing that more of MGM Resorts’ Las Vegas could be put up for sale. Amazing, the Las Vegas MGM Grand could soon go for sale.

Las Vegas MGM Grand

This hotel has long been considered MGM Resorts’ flagship property. For many, it’s a surprise to hear that this venue could potentially be sold. Let’s look at why exactly this company is selling so many of its hotel-casinos.

MGM Resorts Recently Sells Circus Circus and Bellagio

MGM Resorts owns more hotel-casinos in Las Vegas than any other company. Recently, officials within MGM revealed plans to sell some of the company’s biggest properties. Before long, the company did exactly that.

News quickly broke that MGM had sold Circus Circus to Phil Ruffin, owner of the Treasure Island Hotel & Casino. Ruffin purchased the property for $825 million. It’s still unclear exactly what plans Ruffin has for this popular venue.

Amazingly, MGM Resorts also sold the Bellagio Hotel & Casino in October. The Bellagio is widely considered to be one of the best casino-resorts in the world. The Blackstone Group purchased this venue for an astounding $4.2 billion, the biggest hotel-casino purchase in Las Vegas history.

This is all a part of MGM’s “asset-light” strategy. Essentially, the company wants to sell properties in order to help grow the company. The money earned is used to help expand the company in the US and abroad.

Now, reports are surfacing that one of MGM Resorts’ flagship venues could soon go for sale.

Las Vegas MGM Grand Could Soon be Sold

In a conference call, CEO of MGM Resorts Jim Murren commented on the company’s new property selling strategy. Murren confirmed that the company is interested in selling the Las Vegas MGM Grand. This is all a part of the company’s strategy to “unlock” the value from different properties.

Murren claims that MGM Resorts is currently in the process of “monetizing the real estate” of the Las Vegas MGM Grand. More details of this deal are scheduled to come out over the next few months.

The MGM Grand is one of the most popular gambling venues in Las Vegas. It opened in 1993 and quickly rose to become a hotbed of the city. It features a casino floor larger than 170,000 square feet.

This property also holds a massive entertainment area. The MGM Grand Garden Arena has hosted many of the biggest sporting events in the world. A number of major combat sporting events have been hosted here.

It’s unclear how much the MGM Grand will be sold for. It will likely earn MGM resorts billions.

According to Jim Murren, even more sales are currently being discussed.

More MGM Property Sales Are On the Horizon

MGM isn’t the only company prepared to sell some of its major properties. Eldorado Resorts, which is scheduled to merge with Caesars Entertainment, is also currently in the process of selling some of its major Las Vegas venues.

MGM Resorts, however, is selling more properties than any other company. According to new reports, this company is preparing to sell several other properties including the Aria, Vdara, and MGM Springfield in Massachusetts.

Selling the MGM Springfield property isn’t entirely expected. This hotel-casino has struggled to generate revenue for many months. Much of this is due to the success of the recently-opened Encore Boston Harbor, which has captured much of the Massachusetts gambling market.

Jim Murren claims these sales will help the company break into the Japanese casino market. MGM is one of the biggest US casino companies working to obtain a Japanese casino license. The additional revenue earned from property sales may go towards an integrated resort in this country.

We’ll need to wait and see who purchases the Las Vegas MGM Grand and for how much money. Stay tuned for more updates over the next few months!

Hard Rock Sacramento is Now Open to the Public

Hard Rock International is having an extremely busy year. This major US casino company has been expanding across the US, opening venues in several new states. The Hard Rock Sacramento Hotel & Casino is now open and from what we’re heading, it’s a major hit with locals.

Hard Rock Casino Logo

California is no stranger to casinos. Hope is that this new venue helps to capture the Sacramento market. Let’s look at what this exciting new gambling establishment has to offer.

California Continues to Expand its Casino Industry

California isn’t necessarily thought of as a US gambling hub. That’s a little surprising, considering the massive number of gambling venues here. Since the 90s, Native American tribes in this state have been opening casinos in California.

This is thanks to the Indian Gaming Regulatory Act, which was passed by the US Supreme Court in 1988. This set of laws allows tribes to operate brick-and-mortar casinos on sovereign land. Today, more than half of all the tribes in this state now own and operate gambling establishments.

There are a huge number of casinos now spread around the entire state. Amazingly, tribes are continuing to construct and open new venues. These casinos help to generate massive revenue earnings for the state government. Many great online casinos in CA are available here, as well, yet none of them are regulated by the state.

California is also showing some interest in the newly-emerging sports betting industry. Since May of 2018, every state has been granted the option to legalize sports betting. Many believe that in time, this form of gambling will be allowed in the Golden State.

This week, one of the biggest and most profitable casino companies in the country opened a new casino in Northern California.

Hard Rock Sacramento Finally Opens to the Public

As we’ve already mentioned, officials within Hard Rock International has been working hard this year. For months, this company has been preparing to open a new gambling venue in Wheatland, in the Sacramento area of the state. Construction has finally concluded and the Hard Rock Sacramento venue is now open to the public.

According to multiple reports, this $450 million casino is already proving to be successful. It features several four-star restaurants, multiple bars, and 100 pieces of museum-quality rock and roll collectibles.

As of now, Hard Rock Sacramento offers its guests 1,500 slot machines, 57 table games, and a host of other fun gambling options. There’s also a massive entertainment venue now open here with major acts such as Def Leppard set to perform this week.

With more than 40 casinos in the area, this casino will have its work cut out. Competition in the California tribal casino market is extremely strong. It’s clear, however, that Hard Rock International feels this will be one of the most popular gambling venues in the state.

“People know the brand and we really think that will allow us to grow the market, bring people in from all over the region and bring people on from the western part of the United States,” said President of Hard Rock Hotel & Casino Sacramento Mark Birtha. 

Hard Rock International Pushes for Overseas Expansion

Today, many of the biggest US casino companies are pushing hard to open venues overseas. Asia, in particular, is becoming a hotbed for casino gambling. Soon, Japan and the Philippines could be considered some of the biggest casino markets in the world.

Hard Rock International is now working hard to open a gambling venue in Japan. Officials within the company claim they’d like to open a venue in either Okaka or Yokohama. Only three casino licenses are being handed out in this country.

The Las Vegas Strip is also starting to look more appealing to Hard Rock International. Jim Allen, CEO of the company, told the media that purchasing a property on the Strip is “certainly a possibility.”

For now, however, the company is content to keep opening venues in other parts of the country. Hard Rock Sacramento is up and running and many seem to be flocking here.

Stay tuned for more US casino news over the next few weeks!

Nevada Gambling Winnings Surpassed $1 Billion in September

The state of Nevada is experiencing some massive revenue gains this year. New reports indicate that Nevada gambling winnings surpassed $1 billion last month. It’s the fifth time in 2019 that casinos here have brought in more than a billion dollars.Nevada Sign On Highway

Things are clearly going well in this state. Today, we’re going to look at which forms of gambling brought in the most money here in September. We’ll also talk about which areas of the state managed to generate the most revenue. Let’s get into it!

Nevada Proves It’s Still the Casino Capital of the US

Nevada, and specifically Las Vegas, has always been considered to be the gambling capital of the US. Recently, however, several states have expanded their gambling industries. It seemed as if some parts of the country could overtake Nevada in terms of gambling revenue.

This is beginning to seem less likely. Nevada’s Gaming Control Board has confirmed that casinos in this state won more than $1 billion in September. In total, casinos here managed to bring in $1.059 billion.

It’s a massively successful number for the state, which heavily relies on gambling revenue to function.

Casinos have now generated more than a billion dollars for the fifth time this year. Nevada gambling winnings in September even set a new record. It was the most money ever made during this month. The previous record was held in 2007.

No other state can currently compete with Nevada’s gambling industry. New Jersey is pulling in impressive revenue figures, yet it’s not quite at Nevada’s level. We’ll need to wait and see how long this winning streak continues for.

Baccarat Helps to Boost Nevada Gambling Winnings

Baccarat is one of the most popular casino games in the world. In case you’re unaware, this is a common table game available in almost all Nevada casinos. It’s grown extremely popular over the years and has proven to be a huge earner for casinos around the country.

According to the Nevada Gaming Board, this game helped to generate a significant amount of money last month. Michael Lawton, a senior research analyst for the Gaming Control Board, commented on the earnings from this game to the media this week.

“Baccarat held 19.47 percent compared to a very weak 9.81 percent last year,” he said. “This stronger hold offset soft volumes, as baccarat volume totaled $557.1 million which was a decrease of $160.7 million or 22.4 percent (from last year).” 

Interestingly, Lawton claims that baccarat’s trends aren’t exactly great.

“Although this month’s baccarat results were a significant improvement over last year, the long-term trend for the state’s baccarat business remains choppy at best, as win is currently down 9.3 percent calendar year to date and volumes are down 12.4 percent.”

Slot machines also contributed to Nevada gambling winnings last month. This form of gambling helped to bring in $690.2 million. This represents an 8.3% increase from the same month in 2018.

Las Vegas Continues to Bring in the Most Money for Nevada

Las Vegas is home to many of the biggest and best casinos in the world. The Las Vegas Strip, in particular, features a massive number of world-class gambling venues. Most of these casinos generate a huge amount of money every single month.

Overall, Clark County managed to bring in $913.6 million in September. This is up more than 8% from the same period last year. Las Vegas Strip revenue increased by 7% to $584.2 million.

Amazing, Downtown Las Vegas experienced the biggest Nevada gambling winnings increase last month. This area of the city brought in $65.9 million, an increase of 19.9% from 2018. This is great news, considering gambling revenue in the Downtown area fell last month by 1.9%.

Nevada has seen its casinos generate an increase in revenue for the past four months. Soon, the Las Vegas Convention and Visitors Authority will release the state’s official tourism numbers from last month.

Nevada gambling winnings continue to increase. Stay tuned for more casino news on this city over the next few months!