Casino Restrictions in Texas May Soon be Lifted

Texas State Flag

The state of Texas is well-known for having some tough laws towards the gambling industry. No casinos are allowed here, despite the recent push by many lawmakers. This week, we heard more about how the casino restrictions in Texas could eventually change.

A growing number of individuals here are pushing to see legal casinos in the state. It’s a long, complicated process to get these venues up and running, though. Now is a great time to discuss what needs to happen for casinos to open in Texas.

Let’s get into it!

Casino Revenue is Jumping Around the Country

The land-based casino industry is beginning to recover from the events that unfolded last year. It’s been a long-time coming. For more than 12 months, gaming revenue around the United States was lower than it had been for years.

As vaccine distribution ramps up, travel is beginning to increase around the US. Many are choosing to head to major gaming hubs such as Las Vegas and Atlantic City. Tourism rates here have been gradually increasing as the months go on.

Las Vegas is benefiting in a big way. The casinos here are now seeing a steady increase in their visitation rates. Many analysts now believe that this summer will end up being a hugely successful month for the casinos in this city. On June 1st, the gaming properties here will be given permission to operate at 100% capacity.

Atlantic City’s gaming industry is bouncing back in a big way, too. Officials have been reporting consistent jumps in revenue lately. Some of the casinos here are now preparing to see a major influx of tourism as June approaches.

Most of the country’s smaller casino markets are also seeing a revenue increase. It’s great news for the industry and proves that gaming companies have found a way to recover. Now, many of these companies are interested in expansion.

Texas is currently prohibiting any traditional Class III casinos from opening their doors. It appears that could change in the near future.

Las Vegas Sands Pushes to Change Casino Restrictions in Texas

The gaming laws in Texas are notoriously strict. Casinos here have been completely prohibited for many years. As a result, many Texans head to nearby states such as Oklahoma to play their favorite games. Many in Texas are tired of seeing this money flowing to neighboring states.

Several prominent lawmakers have been pushing to get legalized casinos in the state. Others believe it could increase crime and gambling addiction. It’s become a major talking point and Governor Greg Abbott claims it should be up to state residents to decide on whether or not to allow gambling venues.

Las Vegas Sands has been one of the biggest casino companies pushing to get casinos legalized in Texas. This week, the company began undergoing a major marketing campaign to help gain support for casino legalization. These ads focus on the fact that so much revenue is flowing into nearby states.

“This November, the Legislature can allow Texans to vote to build four world-class destination resorts and casinos, bringing those dollars back to Texas,” one of the advertisements claims. “Let’s boost our economy, create tens of thousands of jobs and help fund vital services like schools and public safety.”

Lawmakers in Texas met today to further discuss the gambling industry. Many are hopeful that a majority of leaders here finally begin to see the upside in having a regulated casino industry. It seems likely that Texas could develop one of the largest casino markets in the country.

Las Vegas Sands is certainly doing everything it can to change casino restrictions in Texas. This company is also focusing its efforts on operations overseas.

Is Macau Still an Attractive Destination For LVS?

Macau has been going through a lot of changes lately. Earlier this year, Las Vegas Sands founder Sheldon Adelson passed away due to cancer. It was a tough blow for one of the country’s biggest gambling operators.

Not long afterward, the company announced it was selling two of its biggest properties in Las Vegas. LVS claimed it would begin focusing more of its operations on Asia. This company owns and operates several major casino-resorts in this part of the world.

Some are now questioning if this was a wise decision. The economy of Las Vegas is beginning to bounce back in a big way. Casinos here are finally beginning to see a steady increase in their monthly revenue figures.

Macau, however, continues to struggle in a big way. There are still some intense travel restrictions set in place between here and Mainland China. Fewer Chinese nationals are making the trip to Macau with these rules set in place.

There’s no doubt that Macau remains one of the world’s biggest gambling destinations. It may take longer for this city to recover than Las Vegas, though. We’ll need to wait and see how LVS chooses to focus its operations as the year goes on.

Do you think 2021 is the year that casino restrictions in Texas will change? Let us know in the comments section below!

What’s Happening With Las Vegas Sands in Singapore?

Marina Bay Sands

Las Vegas Sands remains one of the biggest and most powerful casino companies in the world. Not long ago, the company sold some of its major US properties to focus more on operations in Asia. There are still issues the company is facing, though. Today, we’ll talk about what is happening with Las Vegas Sands in Singapore.

LVS owns a major casino-resort in Singapore called the Marina Bay Sands. Recently, this venue has been under investigation for money-laundering.

Here’s what you need to know!

Las Vegas Sands is Now Focusing on Operations in Asia

The world’s casino industry is still in bad shape. That is particularly true in the United States. Major US casino companies have been seeing massive revenue declines for more than a year. Many have been forced to take drastic action to make up for these losses.

That includes Las Vegas Sands. This company is known to own and operate some of the most opulent gambling venues in the world. Unfortunately, the company’s revenue figures have been low for the past year.

News recently broke that Las Vegas Sands had sold some of its biggest gambling venues in the US. That includes The Venetian in Las Vegas, Nevada. These sales were made in order for LVS to focus more of its operations on the Asian market.

Macau is a major focus point for the company. Las Vegas Sands operates many of the biggest and best gambling properties in the city of Macau. This territory seems to be recovering faster than the US market and is helping to bring Las Vegas Sands some much-needed revenue.

Singapore is also a city that is important to Las Vegas Sands. LVS owns one of the most successful casino-resorts in the city. Unfortunately, it seems that this property is now in hot water over reports of illegal activity.

Officials within Las Vegas Sands are now investigating this issue. Now, we’ll talk about why this venue is being looked at.

There’s an Investigation into Las Vegas Sands in Singapore

Singapore is now one of the biggest casino destinations in Asia. Several major casino-resorts are based here including the Marina Bay Sands, owned by Las Vegas Sands. This venue opened its doors to the public on April 27, 2010.

It’s been a major success over the years. Millions flock to this venue every year to take part in the gambling and entertainment options it offers. Unfortunately, new reports claim that this property is now being investigated for potential money laundering activities.

A committee of three independent board members is now investigating money transfers from high-rollers to other players at this property. It comes after an investigation was announced by a major US law firm. This all began after one high-roller revealed that millions of his dollars were transferred to another player without his knowledge.

Law officials in Nevada and Singapore have not yet commented on this issue.

It now appears that many more of these transfers took place between 2008 and 2018. These wires seem to be legal on the surface. There are questions, however, about whether or not doing so without specific permission is allowed.

This is the last thing that LVS needs to deal with right now. The company has been under serious pressure lately after the selling of The Venetian and the death of founder and longtime CEO Sheldon Adelson.

It’s unclear exactly how this situation will play out. The most likely option would be a change of policy and perhaps a fine. It seems highly unlikely that the Marina Bay Sands would be ordered to shut down over this investigation.

The casino industry in the United States is beginning to improve. We’re starting to hear more about what will lead to the recovery of Las Vegas.

Analysts Expect a Successful Summer for Las Vegas Casinos

The city of Las Vegas remains the world’s biggest casino destination. This relatively small city in Nevada is home to many of the most successful gambling venues on the planet. Since March of 2020, however, gaming revenue here has been on a steady decline.

There are signs that things are improving here, though. Gambling revenue has been slowly increasing here in recent months. Tourism figures are surging and casinos are increasing their operating hours, as a result.

Many analysts now expect a successful summer for the casinos in Las Vegas. Travel is beginning to jump around the country and it seems that a major tourism boom will be experienced here over the summer.

The opening of new properties should also result in a tourism boom. Many are excited to see Resorts World Las Vegas finally open this summer. It cost $4.2 billion to construct, making it the most expensive gambling venue to ever open its doors here.

There is a lot happening with major US casino companies. Hopefully, the situation with Las Vegas Sands in Singapore ends up being settled without any major issues. We’ll be sure to offer updates over the next few weeks.

What do you think about the situation with Las Vegas Sands? Let us know in the comments section below!

Here’s What We Know About the Las Vegas Sands Property Sales

Venetian Las Vegas

Las Vegas Sands is one of the biggest and most profitable casino companies on the planet. It’s been struggling since March of 2020, however, and is now looking for new ways to generate revenue. Today, we’ll talk about the new Las Vegas Sands property sales being reported.

This company has been hinting at major casino sales for more than a year. Some are surprised to hear which venues LVS is parting ways with, though.

Here’s what you need to know about this situation.

Gaming Revenue in Las Vegas Took Another Dive in January

The world’s gambling industry has yet to recover from the events that unfolded in 2020. That is a tough pill to swallow for the many casino companies around the world. Nevada, home to the biggest gaming industry in the US, is still seeing fairly low revenue figures.

January saw another drop in gambling revenue here. Overall, the state brought in just $761.85 million in taxable revenue. That represents a massive 26.58% drop in revenue when compared to January of 2020.

Clark County, where Las Vegas was located, generated $617.3 million in revenue in January. The Las Vegas Strip brought in the vast majority of this money. $312.5 million was brought in from this area of Las Vegas.

Many believe things are beginning to improve in Nevada, though. Monthly revenues are increasing here. Tourism numbers are up and several major gambling properties here have recently chosen to begin operating 24 hours per day once again.

Las Vegas Sands has been discussing major Las Vegas property sales for months. It appears the company is now finally ready to move forward with these sales. New reports indicate this massive company is ready to give up some of its most profitable venues.

It’s a fascinating time for the city of Las Vegas. Now is the perfect time to talk about what exactly is happening with Las Vegas Sands.

The Las Vegas Sands Casino Sales Have Been Confirmed

There has been a lot of media attention placed on Las Vegas Sands over the past year. This company was one of the hardest-hit from the casino shutdowns back in March of 2020. As the months went on, officials within the company started discussing ways to make up for the low revenue figures.

To make things worse, the company’s founder Sheldon Adelson passed away earlier this year. He was responsible for growing this company to what it is today. His passing was felt throughout the world’s casino industry.

Months ago, rumors began circulating that LVS was looking to sell some of its biggest gaming venues in Las Vegas. Many doubted these claims. Properties such as The Venetian and The Palazzo have been some of the most popular in Las Vegas since they first opened.

It now appears these reports were true. Two major Las Vegas Sands property sales have just been confirmed. LVS has officially announced it has agreed to a $6.25 billion deal with Apollo Global Management and VICI Properties to sell The Venetian and the Sands Expo and Convention Center.

Las Vegas Sands is now putting its focus on Macau and Singapore. Chairman and CEO Robert Goldstein gave a statement on this situation to the media today.

“The Venetian changed the face of future casino development and cemented Sheldon Adelson’s legacy as one of the most influential people in the history of the gaming and hospitality industry,” Goldstein said. “This company is focused on growth, and we see meaningful opportunities on a variety of fronts. Asia remains the backbone of this company and our developments in Macau and Singapore are the center of our attention.”

The Las Vegas Sands property sales could end up being a fantastic move. No one knows when Las Vegas will begin seeing a true recovery. Macau, however, seems on the brink of a major tourism and gambling revenue surge.

More Casino Companies Are Focusing on Operations in Macau

Las Vegas is and probably always will be the biggest gambling hub in the United States. Macau holds that title in Asia. This country is home to a large number of world-class casino-resorts owned by many different US casino companies.

The casinos in Macau have been open for more than a year. Due to travel restrictions between Mainland China, however, these venues have seen very little revenue. It’s been a tough blow for the companies operating properties here.

Not long ago, Macau’s government lifted mandatory quarantine requirements to Mainland China. Many analysts believe this will lead to a massive surge in tourism. More Chinese nationals will be able to make the trip here now that quarantine is no longer required.

As a result of this news, many companies are focusing more on their operations in this city. Some analysts believe this city could grow to become a very valuable location for US casino companies in the near future.

Las Vegas Sands clearly sees the potential in Macau. This company is agreeing to part ways with one of its biggest and most successful casino-resorts in history. Hopefully, this decision pays off in the long-term.

Are you surprised to hear about these Las Vegas Sands property sales? Do you think we’ll see more casinos sold in Las Vegas this year? Let us know in the comments section below.

LVS Continues to Push for Legal Casinos in Texas

Texas State Flag

Texas is known for its hardline stance towards the gambling industry. Lawmakers here have worked hard to ban virtually all traditional forms of gambling in the state. That could soon change, though. Las Vegas Sands is working hard to finally allow legal casinos in Texas.

Many are excited to see Texas make this change. There are still a huge number of questions that surround this entire situation, though. Today, we’ll talk about what LVS has planned in the Lone Star State.

Here’s what we know about this situation!

The Past Ten Months Have Been Tough for Las Vegas Sands

Most gambling fans have heard of Las Vegas Sands before. This company was founded decades ago by Sheldon Adelson. It has since grown into one of the most powerful gambling companies in the world.

Prior to 2020, this company was doing fantastic. LVS owns and operates casinos around the world. It’s major casino-resorts in Las Vegas and Macau were bringing in an incredible amount of money every single month. Then, in March of last year, all of the casinos around the US were ordered to shut down.

Places like Las Vegas saw their revenue figures immediately plummet. Casinos here remained closed for months and no one could accurately say when things would turn around. Finally, in June, the casinos in Las Vegas began to open back up.

Unfortunately, casino revenue from Las Vegas and Macau has been extremely low over the past twelve months. As a result, Las Vegas Sands began closing their biggest venues for certain times of the week. Company officials even claim they are interested in selling some of their biggest casino-resorts entirely.

To make things worse, CEO Sheldon Adelson passed away earlier this year. It was a huge blow for Las Vegas Sands and only intensified what has already been a difficult time. LVS is still pushing hard for recovery and has some big plans for the future.

That includes a break into Texas. This state is known for its tough gambling laws, yet LVS seems to feel it can make a change here.

Will We See Legal Casinos in Texas in the Next Few Years?

Despite the complications they’ve faced, US casino companies continue looking to expand. We’ve seen a large number of major casino deals take place over the past few months. Many of these companies are working hard to break into developing casino destinations.

That is certainly the case with Las Vegas Sands. This company has been doing everything it can to increase revenue right now. Lately, officials within LVS have been pushing hard to allow commercial casinos in the state of Texas.

Lawmakers in Texas haven’t embraced this idea. Here, not even tribal casinos are able to legally operate. Residents in this state often flock to nearby Oklahoma to play at the state’s many world-class casinos.

Las Vegas Sands is now arguing that legalizing casinos will help to keep money in the state of Texas. It should also help to bring in more visitors from around the country. Governor Greg Abboud now claims it should be up to state voters on whether or not to allow casinos.

“All that will happen in the Legislature this next session is for the state Legislature to put it on the ballot and to let voters decide,” Abboud said. “And then business leaders and community groups and the policymakers need to get involved in the process and make sure that this is done the right way.”

Anti-gambling groups are already pushing against the idea of legal casinos in Texas. There are some that feel it will result in an increase in crime and other societal issues. The state needs money right now, however, and casinos could be an effective way to generate revenue.

It’s an interesting time for the country’s gambling industry. We’ll offer more information on this situation over the next few months!

US Casino Revenue is Still Dropping Quickly

The events in 2020 had a devastating impact on the US casino industry. Never before have casinos around the country been forced to close down. Even today, this industry has a long way to go before it gets back to the revenue seen in 2019.

There was a time when it seemed as if US casino companies were bouncing back in a big way. Travel restrictions began to loosen during the summer months and more visitors started heading to casino hubs such as Las Vegas. As the colder winter months approached, however, this trend came to a complete halt.

We’re still beginning to see the effects that 2020’s fourth quarter had on casino companies. Over October, November, and December, Las Vegas Sands saw an incredible 67% drop in revenue. It’s a larger dip than many analysts predicted.

This company managed to bring in just $1.15 billion over Q4 of 2020. That’s down considerably from the $3.51 billion seen in 2019. It goes to show how difficult the times are even for the largest gaming operators in the country.

Other casino companies including Wynn Resorts and MGM Resorts are also seeing massive revenue drops. It’s unclear when exactly this trend will change. Perhaps Texas could help to turn things around for these companies. We’ll be sure to offer updates over the next couple of months.

Do you think we’ll see legal casinos in Texas anytime soon? Let us know in the comments section below.

Sheldon Adelson’s Death Hits the Struggling Casino Industry Hard

Sheldon Adelson

Casino companies around the United States are still struggling to bring in players right now. It’s been a dark time for many of these companies with no clear end in sight. One of the men responsible for helping this industry growth has just passed away. Today, we’re going to discuss the details of Sheldon Adelson’s death.

Many knew that the Las Vegas Sands CEO was in poor health. It wasn’t entirely clear how serious his situation was, though. His death will have a lasting impact on LVS over the next few decades.

Here’s what we know about this situation.

Looking Back at Sheldon’s Adelson’s History in the Casino Business

The US casino industry has grown considerably over the past few decades. Many credit Sheldon Adelson for being one of the key figures in growing casinos around the country. His time in the gambling industry dates back to the 1980s.

First, Sheldon purchased the Sands Hotel and Casino in Las Vegas for a mere $110 million. He then took his experience in the convention industry and purchased the Sands Expo and Convention Center. This was the only privately-owned convention center in the country.

Just a few years later, Adelson decided to open his first mega-resort with The Venetian on the Las Vegas Strip. Over the next few decades, he continued to open massive casino-resorts around the world. He eventually grew his fortune to more than $35 billion.

Adelson has served as the CEO of Las Vegas Sands for decades. His decisions helped the company grow bigger than anyone expected. Last week, news broke that he was stepping down as CEO of the company to focus on cancer treatment.

It was surprising news to hear. No one seemed to know how serious Adelson’s health issues truly were. It was confirmed he was suffering from Non-Hodgkin’s Lymphoma. It now seems that his case was more severe than many initially thought.

Adelson was a major player in the casino industry. He certainly had some detractors, yet there’s no doubt he played a huge role in helping the country’s casino industry grow.

Sheldon Adelson’s Death Has Been Confirmed

Hearing that Sheldon Adelson was stepping down as CEO of Las Vegas Sands spread fast. There were obvious concerns for the gaming mogul. As we just mentioned, however, no one really knew how serious his condition was.

It’s now clear that Adelson was struggling immensely. Numerous reports have confirmed that he has passed away at the age of 87. It’s also been confirmed that his death came from his battle with Non-Hodgkin’s Lymphoma.

The casino mogul was well-known for his major donations to the Republican Party. He spent millions helping with Donald Trump’s campaign in 2016. Trump released a statement offering condolences to the LVS CEO shortly after his death was announced.

“His ingenuity, genius, and creativity earned him immense wealth, but his character and philanthropic generosity his great name,” the statement said. “Sheldon was true to his family, his country, and all those that knew him. The world has lost a great man. He will be missed.”

Sheldon Adelson’s death is sending shockwaves through the casino industry. It comes at an extremely difficult time for Las Vegas Sands. The company will now move forward with Robert Goldstein serving as CEO.

Las Vegas Sands, like all other US casino companies, has a difficult year ahead. There are many now wondering what steps the company will take to increase revenue.

What is Next for Las Vegas Sands?

The past ten months have been extremely difficult for Las Vegas Sands. 2020 wasn’t the only tough year for this company, though. Over the past two decades, LVS has gone through several rough patches. In 2009, Sheldon Adelson saw his net worth drop to just $2 billion due to the company’s struggles.

This is now a different situation than LVS has ever faced before. Sheldon was well-known for being the primary decision-maker in the company. There will likely be a feeling out process while the company adjusts to his permanent departure.

Sheldon Adelson’s death also means that Las Vegas Sands will need to make a decision on the proposed casino sales brought up last year. This company made headlines by announcing it was interested in selling both The Venetian and The Palazzo. These two venues have been major revenue-earners for LVS in the past.

The situation in Macau is also a serious talking point. Las Vegas Sands owns and operates several casino-resorts in the Chinese territory. Unfortunately, Macau has seen extremely low tourism figures and revenue has plummeted. It wouldn’t be a shock to see some of the casinos here sold soon, too.

All major US casino companies are struggling right now. Hopefully, effective vaccine distribution helps casino destinations recover as the year goes on. We’ll continue offering more updates on the situation with Las Vegas Sands over the next few months.

Are you surprised to hear about Sheldon Adelson’s death? How do you think this will impact Las Vegas Sands? Let us know in the comments section below!

Las Vegas Sands to Throw Hat in SportsBetting Arena

Las Vegas Sands Casinos

Las Vegas Sands is making a push into sports betting. A report from Bloomberg last week said that its acting chief executive officer Robert Goldstein is in the early stages of private talks with potential partners in the sports betting industry.

The company has long operated a retail sportsbook at its Venetian and Palazzo casinos in Las Vegas. However, these were outsourced to Cantor Gaming which is now a part of William Hill US, which in turn was acquired by Sands’ rival Caesars Entertainment Inc.

One of the strongest Balance Sheets

Often praised by industry analysts as having one of the strongest balance sheets among peer casino operators, Las Vegas Sands has enough resources to become a big player in the sports betting industry. It has a market capitalization of $44.42B and if Adelson’s proposal to sell the Venetian, Palazzo, and Sands Convention Center in the Las Vegas Strip, that would potentially be another $6B of assets.

Las Vegas Sands is the biggest casino company in the world. However, it is the only United States-based casino operator which has not yet adopted a sports betting plan despite the U.S. sports betting market expanding rapidly since the U.S. Supreme Court repealed the Professional and Amateur Sports Protection Act of 1992 over two years ago.

Adelson’s Opposition to Online Gaming

Venturing into sports betting may mean embracing online gaming which has often come along with it. It can be recalled that Las Vegas Sands founder and longtime CEO Sheldon Adelson, who recently took a medical leave of absence, was always opposed to online gaming. The billionaire has always been among those who lobbied to prevent the legalization of online betting based on moral ground. Adelsen believed that online games like virtual slots made it very easy for players to lose money.

But like all the other casino operators, Las Vegas Sands is struggling to cope with the limitations brought about by the ongoing COVID-19 pandemic which has substantially affected the casino industry since March 2020. Even Sands’ properties outside the U.S. like Macau and Singapore are struggling with their bottom line figures. With no end to the pandemic yet in sight, online gaming has been viewed as one of the best ways for land-based casinos to diversify operations and generate more income.

Sheldon Adelson’s Health Forces Leave of Absence From LVS

Sheldon Adelson

Las Vegas Sands has been dealing with a variety of serious issues over the past year. To make things worse, the company’s founder and CEO is now in poor health. New reports indicate that Sheldon Adelson’s health problems have forced him to take a leave of absence from Las Vegas Sands.

There’s a lot happening with major Las Vegas casino companies right now. Today, we’ll talk about Adelson’s departure from LVS. We’ll also discuss some of the other plans that Las Vegas Sands has for the future.

Let’s get into it!

Las Vegas Sands Continues to Hint at Major Casino Sales

The city of Las Vegas is still struggling to bring in tourists. As a result, the casino companies here are seeing significantly lower revenue figures than they did in 2019. It’s a difficult situation that some feel will take years to fix.

Casino companies around the country have seen major drops in their monthly revenue figures. That includes Las Vegas Sands. As a result of these revenue drops, company officials have hinted towards selling some of their biggest venues in Las Vegas. That includes The Venetian and The Palazzo.

This announcement was surprising to hear. These two casino-resorts are some of the biggest and best in Las Vegas. Prior to 2020, these venues helped to bring Las Vegas Sands a huge amount of revenue every month.

It now seems this company no longer sees these venues as viable properties. There have been several other casino operators that expressed interest in taking control of these venues. As of now, Hard Rock International seems to be the most likely candidate.

Las Vegas Sands is clearly in a difficult situation. Unfortunately, CEO Sheldon Adelson is also dealing with serious health issues. These are now serious enough to force him out of his position as the leader of this company.

Adelson has been one of the most powerful men in the casino industry for years. We’re now beginning to hear more about the health problems that forced him away from the company.

Here’s What We Know About Sheldon Adelson’s Health Issues

Sheldon Adelson has been in the casino industry for decades. In recent years, reports began to circulate that he was dealing with serious health complications. He’s now 87 years old and some have questioned how long he would remain the leader of Las Vegas Sands.

This week, reports came out that shed more light on Sheldon Adelson’s health issues. It’s been confirmed that the CEO is now taking a leave of absence to undergo treatment for cancer. He “recently decided” to resume treatment for non-Hodgkin’s lymphoma.

Many knew that Sheldon was dealing with cancer. It wasn’t entirely clear how severe his case was, though. It’s now clear that things are serious enough to remove him from his position as the CEO of Las Vegas Sands.

Robert Goldstein will now take over as CEO of the company. He takes this position in one of the most difficult times in the company’s history. He and other officials will now need to further discuss the possibility of selling major Las Vegas properties.

Adelson is still optimistic about the future. Despite the difficulties, he feels that Las Vegas Sands will recover from the situation it finds itself in.

“Our properties in Las Vegas may be empty right now, but our hearts are full of hope for the future,” he said in a public statement late last year. 

Hope is that Adelson recovers soon. He played a big part in expanding the Las Vegas casino industry. We’ll continue offering updates on this situation over the next couple of months.

How Are Other Casino Companies Faring Right Now?

Las Vegas Sands is far from being the only company seeing its revenue figures drop. As we mentioned earlier, this is an issue that is affecting just about every major casino operator around the United States. Most analysts agree this is the hardest time in the history of the US casino industry.

Wynn Resorts has been seeing big dips in its revenue lately. Las Vegas isn’t entirely to blame for these issues. Wynn Resorts’ casinos in Massachusetts and Macau have also been losing money for the past ten months.

The Encore Boston Harbor was hugely successful in Massachusetts not long after opening. Beginning in March, however, this casino began to see massive revenue declines. There is now a fear that all of the casinos in Massachusetts could close down again in the near future.

MGM Resorts has also been experiencing huge drops in revenue. All of the company’s casinos in Las Vegas have been suffering lately. MGM Springfield in Massachusetts is hurting, too. This company recently had its worst-ever month since opening to the public.

The country’s land-based casino industry is hurting right now. Sheldon Adelson’s health issues are likely to take a toll on Las Vegas Sands. Hopefully, we begin to see things improve over the next couple of months.

Are you surprised to hear about Sheldon Adelson? How do you think this will impact Las Vegas Sands? Let us know in the comments section below!

More Information on the Live! Casino in Philadelphia is Coming Out

Pennsylvania Casinos

Pennsylvania is home to one of the largest, most successful casino industries in the country. There is one massive new casino-resort now scheduled to open its doors in Pennsylvania. This week, we received more information about Live! Casino in Philadelphia.

This is set to be one of the biggest casino-resorts ever opened in Pennsylvania. Many feel it will help to significantly boost tourism into the state. Now is a great time to discuss the details of this exciting new gaming property.

Let’s get into it!

Pennsylvania’s Casino Industry Has Finally Reopened

The casino industry in Pennsylvania was completely shut down back in March. This proved to be extremely difficult for the casino companies based here. Finally, after several months, state leaders gave permission for these casinos to open back up.

For a time, things were improving here. Casinos were operating at limited capacity and began seeing their revenue earnings increase. It wasn’t perfect, yet the casinos in Pennsylvania seemed to be staying afloat.

This only lasted for so long. In December, news broke that state officials were ordering all casinos to temporarily shut down once again. It was a huge blow for the owners of these venues and the thousands of workers inside them.

On Monday, Pennsylvania’s casino industry was finally given permission to reopen. Moving forward, these properties will operate at a limited capacity and will need to implement more intense health regulations. Hope is that enough money is made to keep these casinos operational.

The casino industry is hurting around the United States. No one seems to know when things will begin to truly improve. Interestingly, there are still several new casino-resorts scheduled to open their doors in Pennsylvania in the near future.

That includes Live! Casino and Hotel. We’re now beginning to hear more information about this exciting new gambling venue.

The Opening Date for Live! Casino in Philadelphia Has Been Revealed

As we mentioned earlier, Pennsylvania is home to a large and rapidly-expanding casino industry. We’ve seen several casinos open their doors here over the past few years. More will begin operating here in the future!

The Live! Casino in Philadelphia is one of the most-anticipated casinos ever opened in Pennsylvania. We’re now hearing about when this property will finally open! New reports claim that this venue is set to first open its doors to guests on January 19. That will come before an official grand opening on February 11.

Joe Billhimer, Executive Vice President of Cordish Gaming Group, gave a statement to the media about this casino finally opening.

“We are beyond excited to go Live! in Philadelphia and bring this world-class gaming and entertainment destination to the heart of the Stadium District,” Billhimer said. “What we have created here is unrivaled anywhere in the country. Sports fans, foodies, gaming enthusiasts, and anyone looking for a night of fun and excitement only has to make one stop to experience it all.”

Just about everyone is excited to see this casino open its doors. It will feature more than 2,000 slot games, 150 table games, and a 29-table poker room. The casino will also be home to a variety of dining and entertainment options.

If you’re located near the Philadelphia area, make sure to check this casino out! Many believe it’s the best new gaming property in the state.

Major Las Vegas Property Sales Are on the Horizon

Las Vegas remains the world’s biggest casino destination. There are a huge number of world-class gambling venues located in this city. Unfortunately, the casino industry here has seen massive dips in revenue throughout the year.

As a result, several casino companies have announced they plan to sell some of their casinos in the city. That includes Las Vegas Sands. The Sheldon Adelson-run gambling venue claims it’s interested in putting both The Venetian and The Palazzo up for sale.

Many were surprised at this news. These venues are known for being two of the most popular ones in Las Vegas. Under normal circumstances, these venues help to bring LVS a massive amount of revenue every month.

We’re in unprecedented times, though. It seems that Las Vegas Sands simply wants to cut its losses and get rid of some of its biggest gambling venues. It’s unclear exactly how much LVS plans to sell these casino-resorts for.

It seems that Hard Rock International is interested in purchasing this property. Nothing has been made official, though. We’ll be sure to offer more information on these sales over the next few months.

Are you excited to see Live! Casino in Philadelphia finally open? Let us know in the comments section below!

Sheldon Adelson Wants to Bring Casinos to Texas in the Future

Sheldon Adelson

Texas is well-known for having some of the strictest gambling laws in the country. Very few forms of gambling are currently allowed here. Sheldon Adelson wants that to change. New reports claim the Las Vegas casino mogul is pushing hard to bring casinos to Texas in the future.

It’s great news for gambling fans in the Lone Star State. For years, Texans have been forced to visit neighboring states in order to play inside a casino. Now is the perfect time to talk about how Adelson could change this.

Let’s get into it!

Las Vegas Sands Mulls Major Casino Sales

Casino companies across the United States have seen massive revenue plummets throughout the year. That includes the biggest ones based in Las Vegas. Things have gotten progressively worse as the colder months began to approach.

Tourism into Las Vegas remains extremely low right now. As a result, many of the casinos in this city have been forced to temporarily shut down during certain days of the week. That includes The Palazzo, one of Las Vegas’ most popular venues.

The Palazzo is operated by Las Vegas Sands. The Sheldon Adelson-run company has been seeing particularly large drops in revenue from its venues in Las Vegas and Macau. Company officials have now been forced to consider drastic measures.

News recently surfaced that officials within LVS were considering selling several of their US casino-resorts. This is seen as an effective way to generate some much-needed revenue. Several analysts predicted that many companies would be interested in taking control of the sold venues.

Nothing has been made official yet. For now, Las Vegas Sands remains focused on cutting down on costs in other ways. We’ll need to wait and see if a major Las Vegas property sale is necessary sometime in early 2021.

Sheldon Adelson still has big plans for the future. News is coming out that he wants to bring major casinos to the state of Texas.

Looking at Sheldon Adelson’s Plans to Bring Casinos to Texas

Texas is one of the few states with laws that completely ban land-based casinos. It’s unusual, as most believe this could help to bring the state a massive amount of revenue every single month. Lawmakers, unfortunately, have been very reluctant to embrace the gambling industry in any way.

Las Vegas Sands CEO Sheldon Adelson wants to see this change. Reports claim that he has some major lobbying efforts planned for 2021. If he has his way, Texas will soon begin allowing major casino-resorts like the ones seen on the Las Vegas Strip.

Andy Abboud, Las Vegas Sands’ top lobbyist, claims Texas is one of the company’s primary focuses right now for expansion.

“We view Texas as a worldwide destination and one of the top potential markets in the entire world,” Abboud said. “Texas is considered the biggest plum still waiting to be out there in the history of hospitality and gaming. They [casinos] are job creators, they hire a lot of additional employees, they have tremendous purchasing power. But they are also tremendous generators of tax revenue.”

It’s hard to argue against that. Many states have recently chosen to allow land-based casino gambling. Most of these states have seen large increases in tax revenue as a result. Texas would be no different.

For now, most gambling fans make the trip to Oklahoma in order to play inside casinos. If Sheldon Adelson manages to bring casinos to Texas in the future, he could help to keep money in the state. We’ll continue offering updates on this situation over the next few months!

Online Casino Gambling Options Available in Texas Right Now

It’s been frustrating for many residents in Texas to see land-based casino legalization efforts fail. The state has a largely anti-gambling stance and it will take some major lobbying efforts to change this. That doesn’t mean it’s impossible to play casino games here, though.

Today, there are a huge number of fantastic online casinos in Texas. Most of these sites are safe and offer a massive range of games to their members. The popularity of these websites has exploded in recent months.

Bovada is one of the most-used casino websites in TX right now. It launched in 2011 and has grown to become one of the most trusted gaming platforms in the country. Bovada provides its members with slots, table games, and even live dealer games that make it feel as if you are playing inside of an actual casino!

Soon, Texas may choose to regulate and tax these websites. That is not the case right now, though. All of the internet casino gaming platforms in the state are based in other countries and do not offer the state any tax revenue.

Sheldon Adelson wants to take things even further. He’s hoping to get casinos in Texas in the future. Adelson is one of the most powerful figures in the gambling industry and has a real shot at finally getting Texas to change its ways.

Do you think Texas will eventually begin allowing online casinos? When do you expect this to happen? Let us know in the comments section below!

The Palazzo Las Vegas Has Stopped Accepting Reservations

The Palazzo Las Vegas

Hotel-casino companies in Las Vegas continue to see huge dips in their visitor numbers this fall. It’s a difficult situation and has caused many of these companies to adjust their operating hours. New reports claim The Palazzo Las Vegas is now choosing to temporarily stop accepting reservations.

This goes to show how much Las Vegas is struggling right now. Today, we’ll talk about how this new rule will affect The Palazzo. We’ll also discuss what is happening with this venue’s owner company, Las Vegas Sands.

Let’s get into it!

Las Vegas Sands Considers Nevada Property Sales

Nevada is home to most of the biggest gaming operators in the United States. Prior to 2020, the majority of these companies were thriving. We saw gaming revenue increase around the country and several massive new casino-resorts were being constructed in different states.

The land-based casino industry is now facing its toughest test in history. Most casinos are still seeing major drops in their revenue and visitation rates. Some states have even ordered their commercial casinos to shut down once again due to health concerns.

Las Vegas Sands is being hit particularly hard. Earlier this year, news broke that company officials were considering selling some of their biggest properties in Nevada. It was extremely surprising to hear from one of the country’s most powerful gaming companies.

As many know, Las Vegas Sands controls several properties in Las Vegas including The Venetian and The Palazzo. It also operates several massive casino-resorts in Macau. Both of these major gaming destinations have struggled to bring in tourists and gamblers this year.

Analysts claimed several companies would be interested in taking control of Las Vegas Sands’ properties. As of now, however, none of the company’s properties have officially gone up for sale. It seems officials within LVS are focused on cutting down on costs right now, rather than getting rid of their gaming venues.

We’ve seen many hotel-casinos in Las Vegas limit their operating hours in recent months. The Palazzo is now choosing to do the same.

Reservations Are No Longer Accepted at The Palazzo Las Vegas

Tourism rates in Las Vegas have been low throughout the year. As many experts predicted, these tourism numbers have been dropping even further as the colder months approach. More travel restrictions and a major uptick in Covid-19 cases are contributing to this tourism drop.

This, of course, takes a toll on casino companies. Several of the biggest casino-resorts in Las Vegas have recently begun to shut down for certain days of the week as a way to cut down on costs. Las Vegas Sands is now choosing to take a similar approach.

Reports have confirmed that The Palazzo Las Vegas has stopped taking reservations and will shut down until at least December 23rd. This move is taking place to “better reflect occupancy patterns.” The casino at this resort will remain open, yet hotel guests are no longer permitted.

Airport traffic numbers shine a light on how much tourism in Las Vegas has dropped. This past October, airport traffic declined by 57% compared to the same month in 2019. It’s likely that an even larger drop will be reported for the month of November.

Las Vegas Sands isn’t completely shutting down its hotel business in Nevada. The Venetian’s hotel will remain open to guests. Hope is that the shutdown of The Palazzo will help LVS save money and remain operational during these difficult times.

It wouldn’t be a surprise to see more casino companies in Las Vegas announce shutdowns in the near future. Some even feel that Governor Sisolak will soon be forced to order all of the state’s casinos to close their doors again soon. Stay tuned for updates!

Atlantic City Casinos Struggle With New Regulations

Las Vegas isn’t the only major gaming destination hurting badly right now. Things are almost as bad over in Atlantic City, the East Coast’s premier casino hub. New regulations ordered by Governor Phil Murphy have been making things extremely difficult for casino companies here.

Not long ago, Murphy announced that casinos could no longer serve late-night food or beverages. This added to an already large set of restrictions towards these casinos. More regulations lead to a major decrease in tourism into the city.

Joe Lupo, president of Hard Rock Atlantic City, expressed his disappointment with this situation to the media this week.

“It’s so discouraging,” Lupo said. “We were doing really well. We were really gaining some ground… It’s going to be a long, slow winter. And there are going to be less people here and less people working.”

Fortunately, Atlantic City casinos are able to earn profits from New Jersey’s regulated online sports betting and casino industry. These internet gaming platforms are helping these companies stay afloat right now. We’ll need to wait and see how tourism and land-based casino revenue evolve here over the next few months.

Are you surprised to see The Palazzo Las Vegas shut its doors? What will be the next hotel-casino in Las Vegas to close? Let us know in the comments section below!