The 2022 World Series of Poker Location has Just Been Revealed

Vince Vaughn World Series Of Poker Vegas Sign Background

The biggest poker tournament in the world is returning! This week, the 2022 World Series of Poker location was finally revealed to the public. Many will be pleased to hear this exciting tournament is set to take place on the Las Vegas Strip.

This year’s tournament has been an exciting one. There is reason to believe that the tournament in 2022 will be even better. Now is a great time to look ahead at what is being planned.

Let’s get into it.

Here’s What We Know About the 2022 World Series of Poker Location

Most poker fans are well-aware of the World Series of Poker. It was founded in 1970 and has grown to become the biggest and most difficult poker tournament in the world. Each event draws in a huge number of people from around the world every single year.

The 2020 tournament was forced to be canceled due to the pandemic. It returned in 2021 with major fanfare and is set to conclude on November 23. Fans around the world are already looking ahead to the tournament taking place next year.

The 2022 World Series of Poker location has just been confirmed to be Bally’s Casino and Paris Hotel-Casino on the Las Vegas Strip. It will officially run from May 31 to July 19. Vince Vaughn has been booked as the event’s official celebrity Master of Ceremonies. Vaughn spoke to the media about his excitement for the event this week.

“I have such a strong connection to Las Vegas and am honored to be selected as the Master of Ceremonies for what is set to be the most anticipated World Series of Poker tournament ever,” Vaughn said. “Poker has long been one of my favorite sports, so to be a part of something as historic as the WSOP finally moving to the Strip is an absolute dream. Vegas Baby, Vegas!”

Las Vegas will play host to many exciting events in 2022. Let’s take a look at some of the other events scheduled to take place in this city next year.

Exciting Events Taking Place in Las Vegas Next Year

Las Vegas is still the entertainment hub of the United States. There was a time when it seemed as if this city was on the brink of disaster when the casinos in this city were shut down last year. It has experienced an incredible recovery, however, and casino revenue has surged throughout 2021.

It now seems that 2022 will be another hugely successful year for this city. Several exciting events are scheduled to take place here. That includes a huge number of musical residencies, including Katy Perry’s at Resorts World Las Vegas.

Las Vegas remains the country’s convention hub, too. Many exciting expos are set to take place in 2022, many of which revolve around the gaming industry. The Global Gaming Expo is without the most well-known and will be taking place in October of next year.

The 2022 World Series of Poker location has just been revealed. There is no doubt this will be one of the biggest events of the year. There is plenty of time for poker fans to practice and sign-up for this upcoming tournament.

The casino industry in Nevada appears to be thriving right now. Here’s a quick look at what some of the casino companies here have planned for the future.

Casino Executives Discuss Possible Changes Coming in the Future

The US casino industry is on track to have its best year ever in 2021. Over the year’s third quarter, casinos around the United States managed to bring in $14 billion. The American Gaming Association maintains this is a record-breaking year for the industry.

Analysts are looking ahead at how 2022 will be for the casinos in Nevada. Tourism into cities like Las Vegas has been high throughout the year. Many are still calling for the intense health restrictions in the city’s locations to be removed leading into the New Year, though.

Tim Brooks, the CEO of the Rainbow Club and Island Casinos, spoke to the media this week about how things could change in the future. He claims many are hoping to see changes, yet nothing is set in stone.

“The biggest challenge for us is the uncertainty. We don’t know what could happen with mask-wearing or even staying open,” Brooks said. “We had to make a lot of safety adjustments. Cleaning and sanitizing is top of mind, always. I’ll be honest with you, most of the things I’ve heard from visitors have not been positive. They don’t like what’s happening, they don’t want to be told what to do, what to wear, where to go.”

Are you excited to hear about the 2022 World Series of Poker location? Do you plan on attending this event? Let us know in the comments section below.

The Fontainebleau Las Vegas is Expected to Open in Late 2023

Fontainebleau Las Vegas Building Under Construction

Las Vegas is home to the country’s biggest and most profitable casinos. It won’t be long before another exciting one opens its doors to the public here. New reports have just surfaced claiming that the Fontainebleau Las Vegas will be opening to the public in late 2023.

A huge amount of attention has been placed on this property over the past few years. More details on this property have started to come out recently.

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

More Details on the Fontainebleau Las Vegas are Coming Out

It seems as if Las Vegas welcomes an exciting new casino every couple of years. The new properties on the Las Vegas Strip tend to draw in a huge amount of attention. The most recent resort to open here was Resorts World Las Vegas. At $4.2 billion, this is the most expensive gambling venue ever built in the city.

A large amount of attention has been put on the Fontainebleau Las Vegas in recent months. Construction on this property technically began 15 years ago. For several reasons, the opening date of this venue has been pushed back.

New reports surfaced this week claiming that the Fontainebleau will be opening to the public in late 2023. Fontainebleau Development and partners Koch Real Estate Investments held a “commencement ceremony” this week. During the ceremony, these owners revealed the progress that has been made.

It wasn’t long ago that Marriott dropped its interest in opening this venue. Koch Real Estate Investments decided to take over the venue for $350 million. It is being built in the Northern area of the Las Vegas Strip, not far from where the aforementioned Resorts World Las Vegas is located.

2023 will be an exciting year for the Las Vegas casino industry. Now is a great time to look at how much money the casinos in this city have been bringing in lately.

Las Vegas Strip Revenue Breaks Records During 2021’s Q3

2020 proved to be the most difficult year in history for the city of Las Vegas. Casinos here were forced to shut down for months out of the year. Gambling revenue plummeted and a huge number of casino workers lost their jobs.

Fortunately, 2021 has been significantly more successful for this industry. Tourism to the city has been steadily increasing throughout the year. New reports from the American Gaming Association have just surfaced that show Las Vegas Strip revenue broke new records this year.

The Las Vegas Strip managed to bring in more than $2 billion in total gross gaming revenue over the year’s third quarter. This represents the most successful quarter in history for this city’s casino industry. This was largely driven by the massive surge in tourism over July, August, and September.

All of the casino companies operating in this city have experienced major revenue surges throughout 2021. A new push to legalize online casino gambling in Las Vegas is now taking place. If approved, this would likely help to bring the state a huge amount of revenue each and every year.

It will be interesting to see if the Fontainebleau Las Vegas helps to generate a huge amount of revenue for Las Vegas. We’ll be sure to offer updates on the casino industry here as the months go on.

Sports Betting Revenue Continues to Surge Around the US

The US casino industry has thrived throughout 2021. The same can certainly be said for the US sports gambling industry. Since PASPA was removed in 2018, this industry has grown tremendously and states continue to see increases in sports betting revenue.

More than half the country has a regulated sports betting industry set in place. Specific regulations toward this form of gambling vary from state to state. The states allowing online sports betting are profiting the most.

This past September proved to be a massively successful month for this industry. Illinois managed to bring in more than $44 million in total sports betting GGR. Virginia broke its own record, bringing in more than $30 million in sports gambling GGR.

Most analysts expect October to be an even more successful month for this industry. The MLB playoffs and NFL games are helping to bring in a huge amount of sports betting revenue. Expect these revenue surges to continue as the year goes on.

Are you excited to see the Fontainebleau Las Vegas open? Do you expect this property to be successful? 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.

Here’s What We Know About the Power Outage at Paris Las Vegas

Las Vegas Sign and the Paris Las Vegas Casino Hotel

Late last night, social media reports began to surface about a power outage at Paris Las Vegas. It was surprising news to hear from one of the biggest and best hotel-casinos in the city. Today, we’re going to discuss the details of this recent power shutoff.

This is the last thing Paris Casino-Resort needed. All of the casinos in Las Vegas have been hurting due to the drop in tourism and intense safety regulations set in place. A large-scale power outage won’t help to boost Paris’ visitation rates.

Let’s get into it!

Another New Casino-Resort Opens its Doors in Las Vegas

Downtown Las Vegas has always been a popular gambling area in Las Vegas. It doesn’t pull in the same kind of revenue figures that the Strip does, but prior to 2020, it’s been a successful part of the city. Next week, one of the most exciting new casino-resorts in Las Vegas will open up Downtown.

This new property, called Circa Las Vegas, has been under construction since 2019. There are a number of things that make this property stand out. Most of the attention that gambling fans are putting on it is the amazing sportsbook.

Circa will feature the largest sportsbook ever built in Downtown Las Vegas. It can accommodate up to 1,000 people at a time and features one of the largest screens of any casino in Las Vegas. This sportsbook is expected to bring in a large number of gamblers on opening day.

Many are also looking forward to the opening of the swimming pool at Circa. It will feature a massive television screen to watch sports. According to several reports, this is the largest pool ever built Downtown.

There’s a lot to look forward to here. Many are also excited about the opening of Resorts World Las Vegas next summer. It’s the most expensive casino-resort ever built in the city and features a massive gaming floor.

The Paris Hotel-Casino opened its doors slightly later than many of the other casino-resorts in this city. Unfortunately, news broke that this venue experienced a power outage this week.

Fire Department Confirms Power Outage at Paris Las Vegas

Paris Las Vegas is one of the most beloved casino-resorts in Las Vegas. It opened to the public in 1999 and has been through several renovations over the years. Back in June, after months of being closed, Paris Las Vegas finally reopened to the public.

Of course, this venue has been struggling to bring in revenue in recent years. That’s not uncommon right now. Each and every casino-resort based in Las Vegas has seen its casino revenue drop immensely over the past eight months.

To make things worse, there’s been a massive power outage at Paris Las Vegas this week. Reports began surfacing on Thursday evening. It was serious enough to force an evacuation of guests.

A spokesperson at Caesars Entertainment, the company that owns the Paris Las Vegas, released an official statement to the media today about this situation.

“This evening, Paris Las Vegas experienced a power outage that has since been restored. The health and safety of our guests and team members is a top priority, and we thank the Las Vegas Metropolitan Police Department, Las Vegas Fire & Rescue and NV Energy for their assistance in the matter.” 

Casino officials are still working to figure out the cause of this outage. Fortunately, power has been restored throughout the hotel. We’ll offer more updates on this situation as soon as they’re released.

Casino Companies Want to Bring Back Entertainment Options

Many of the world’s biggest casino companies are based in Las Vegas. In the past, these venues were able to bring in millions of visitors with their unique entertainment options. Obviously, most live entertainment has been canceled for the entire year.

Some casino officials now believe it’s time to bring these entertainment options back. Wynn Resorts CEO Matt Maddox spoke to the media about this situation this week. He’s pushing hard to open an in-lab testing center by Thanksgiving.

Caesars Entertainment seems to be taking things into its own hands. News reports surfaced yesterday that this company is resuming its live entertainment options in several properties including Caesars Palace, Harrah’s, and the Flamingo.

Jason Gastwirth, president of entertainment at Caesars Entertainment, spoke about this decision with the media.

“Live entertainment is an important part of the Las Vegas experience that makes visiting this city so special, and we are thrilled that we can be first to offer it to our guests again,” he said. “In collaboration with our entertainment partners and with the support of governing officials, we are happy to lead the city with an enhanced health and safety plan that will put our team members back to work and keep our guests comfortable while enjoying these popular shows once again.” 

Some feel it’s too soon, but Caesars seems to feel that it’s necessary to get guests back in. We’ll wait and see whether or not this strategy ends up paying off. Stay tuned for updates!

Did you experience the power outage at Paris Las Vegas? Let us know in the comments section below!

There’s Been Another Shooting in Las Vegas This Week

Magnifying Glass With Las Vegas Strip in BackgroundCasinos around Las Vegas are working extremely hard to boost tourism rates. Unfortunately, there’s been a rise in violent crimes taking place around the city’s most popular areas. This week, another shooting in Las Vegas was recorded on the Strip.

It’s concerning news for tourists and residents here. It’s also difficult for casinos here, all of which are still struggling to bring in new players. Today, we’re going to talk about what this rise in crime means for the city moving forward.

Let’s get into it!

Gambling Revenue is Still Fluctuating Throughout Nevada

It’s been fascinating to watch the gambling revenue figures being released in Nevada. For months, casinos here were earning almost nothing. All gambling venues in the state were shut down for months and the only money coming in was from online operations.

In June, Governor Sisolak finally gave permission to the casinos here to reopen. Some of them opened their doors as quickly as possible. Others took their time and only recently decided to open their doors.

Park MGM falls into the latter category. This is one of the most popular hotel-casinos in Las Vegas, yet its owners wanted to wait to reopen. It wasn’t until this week that this property opened its doors as the first non-smoking hotel-casino on the Strip.

Revenue figures continue to come out each month. All casinos here are seeing significantly lower revenue earnings than they experienced the same months last year. Fortunately, revenue is increasing as the months go on. That wasn’t the case in August, though.

News recently broke that Nevada’s gambling revenue dropped by 22% this August when compared to August of 2019. The revenue also dipped slightly when compared to July. Many credit a rise in Covid-19 cases for this drop in earnings.

The fact that violent incidents in major tourist destinations seem to be increasing won’t help anything.

Here’s What We Know About the Recent Shooting in Las Vegas

Las Vegas, like all big cities, sees crime pop up now and again. Historically speaking, most of the serious violent incidents take place away from the Las Vegas Strip. For the past couple of months, however, we’ve seen a significant rise in these incidents occurring near the city’s most luxurious area.

News has just surfaced that another shooting in Las Vegas took place early Friday morning. It appears to have stemmed from an argument between two individuals. Fortunately, no one was injured in the shooting.

This latest incident occurred in the MGM Grand Hotel-Casino, one of the most popular venues in the city. Casino officials have not yet commented on this latest incident. Security officials are reviewing footage of the shooting to try to identify those involved.

This is just one of many recent shootings around the Strip. Last weekend, a man was shot and paralyzed on while walking near The Linq and Flamingo. The suspects have been identified and arrested.

Casino companies are obviously disappointed to see this rise in crime. Some analysts feel that it will result in a significant dip in tourism. With the crime and increasing rates of Covid-19 in certain parts of the country, Las Vegas may have a difficult next few months.

Not every major US gambling destination is hurting right now, though.

Sports Betting Revenue is Still Increasing in New Jersey

New Jersey was one of the first states to legalize and regulate sports betting after PASPA was struck down in 2018. It’s now the largest sports betting market in the country. A huge amount of revenue was being earned here every month since this industry opened up.

Not long ago, New Jersey set a new all-time record for sports betting revenue. The sports gambling platforms here managed to bring in an astounding $667 million over the month of August. Many feel this will be surpassed in September.

Casino revenue is also increasing here. Atlantic City was given permission to reopen casinos back in July. Today, all of the casino-resorts in this city have reopened and tourism rates are slowly increasing.

It’s great news for other casino companies around the country. Many state leaders are now interested in legalizing this industry, as well. The potential for massive revenue earnings is now clear.

Hopefully, things begin to improve around Nevada. It’s certainly disappointing to hear about another shooting in Las Vegas. It will be interesting to see how this affects the city moving forward.

Do you plan to visit Las Vegas this year? Which hotel are you staying at? Let us know in the comments section below!

Nevada Gaming Revenues Decline By 22.1% in August 2020

Nevada Sign On Highway

The effects of the COVID-19 pandemic continue to plague the gambling industry in Nevada as the gaming win for August was down by 22% from the same month one year ago and below the July 2020 figures.

According to a Wednesday report from the Nevada Gaming Control Board, Nevada casinos reported a gaming win of $743M for August 2020 which is way below the $954M they collected from gamblers in August 2019. It also fell short, but not by much, of July 2020’s $756M gaming win.

Strip Takes Biggest Hit

The Last Vegas Strip took the biggest monthly hit as the gaming revenues fell to $317.M of 39.2%. Strip gaming wins decreased by 99% in April and May but improved to a 61% decline in June and 39.2% in July. For the month of August, the Las Vegas Strip contributed 97.1% of the state’s total decline.

Properties in Downtown Las Vegas also experienced a 22% decline in gaming wins. Revenues also fell 14% in Reno, 9.5% in Laughlin, and 7.6% in South Lake Tahoe. However, there were some bright spots like the Boulder Strip in Southern Nevada which saw an increase of 29.6% and North Las Vegas which had an increase of nearly 2%.

Record Sports Bets

Nevada sportsbooks were also a bright spot in August as they wrote a record number of sports bet for the month. With the NBA and NHL playing in a month where their season would’ve been over in previous years, sportsbooks in Nevada took a total of $475.1M in bets or a 64.9% increase from 2019.

64.3% of the total sports bets were made via mobile betting apps where casinos won $11M on a total of $305.5M in bets. Overall, revenue from sports betting totalled $17M which was a 9.3% decline from a year ago. The decrease was attributed to the cancellation of college football games and the lack of an NFL preseason.

Lifting Ban on Gatherings

Gov. Steve Sisolak said on Tuesday that the state would lift the 50-person cap on public and Private gatherings beginning Thursday. Venues with a capacity of more than 2,500 can submit proposals to operate at 10% capacity while smaller venues will be allowed to have a crowd of up to 250. The state is hoping that the move will kick-start conventions, concerts, sports events, and trade shows that not only power the state’s economy but help bring people to casinos as well.

August was the second full month of operations for Nevada casinos. The state’s gambling industry was shut down for 78 days starting March 18th due to the outbreak of the COVID-19 virus. They have since been allowed to reopen but subject to health, safety and cleaning protocols. Guidelines like social distancing and limited operating capacity have hampered their operations, thus affecting revenues.

Planet Hollywood’s Opening Date is Finally Revealed!

It’s been more than six months since all of the casinos in Las Vegas shut down. Most of them have since reopened. New reports surfaced this week that finally reveal Planet Hollywood’s opening date.Planet Hollywood Las Vegas Casino Logo

This is one of the last major casino-resorts on the Las Vegas Strip to open its doors. Many are excited to see this property operational again. Today, we’re going to talk about when this venue will start accepting guests again.

Let’s get into it!

Las Vegas Casinos Struggle to Attract Tourists

Our team has been covering the fluctuating tourism rates in Las Vegas for months. It’s been a real struggle for the city’s gambling venues to bring in new players. Even with almost all casinos now reopened, the city is still seeing huge drops in overall tourism.

There are many reasons why that is. Obviously, the pandemic has made crippled the travel industry around the country. Most people around the US are unwilling to fly and gamble in Las Vegas at a time like this.

Many are also concerned with the rise in crime on the Las Vegas Strip. There have been a number of shootings in this area of the city over the past few months. Once took place this weekend directly next to The Flamingo Hotel-Casino.

All casinos now open in this city are implementing strict safety measures. Masks are required, plexiglass barriers separate players and dealers, and slot machines are now places farther apart from each other. These measures have also contributed to a drop in tourism.

No one knows when things will completely return to normal here. Some feel they never will. That isn’t stopping the major casino-resorts in this city from opening back up, though. Soon, one of the most popular venues on the Strip will finally open its doors again.

Here’s what we know about this situation.

Here’s an Update on Planet Hollywood’s Opening Date

There are a huge number of world-class gambling venues in Las Vegas. Most of the best ones can be found on the Las Vegas Strip. It’s in this part of the city that visitors will find The Bellagio, The Cosmopolitan, and The Venetian.

For months, all of the casinos here were shut down. Beginning in June, these properties were able to open their doors again. One that has remained closed since March is Planet Hollywood Las Vegas, one of the most popular properties in the city.

It’s now been confirmed that Planet Hollywood’s opening date is scheduled for October 8th. Starting on this day, the hotel will accept reservations during weekends. The gaming floor at this property will remain open 24/7.

Many gambling fans are happy to hear that this property will soon be up and running again. It’s interesting to hear that the hotel will only accept guests over the weekends. That is likely to change as the weeks go on.

Many of the restaurants inside this hotel-casino will open on October 8th. All guests here will be required to wear masks and social distance as much as possible. We’ll hear more about the specific safety measures set in place here over the next couple of days.

Circa Las Vegas is Just Weeks Away From Reopening

As we already mentioned, the Las Vegas Strip is home to some of the best casino-resorts in the world. In recent years, however, Downtown Las Vegas has grown to become a major tourist destination, as well. There are some great, new casinos now operating in this area of the city.

Circa Las Vegas is expected to be one of the best new properties in all of Las Vegas. It features a massive gaming floor and a number of luxury suites. Circa will also feature perhaps the best resort-style gaming floor in the entire city.

Many felt this venue would have already opened by now. For obvious reasons, its grand opening has been delayed for months. New reports have finally surfaced that show this new casino-resort will open its doors on October 28th.

The owners of this property hope its opening will help to boost tourism rates in the city. It does seem that more people are slowly beginning to flock to the city. Some fear that things could regress as the winter months approach, though.

Many health experts predict cases of Covid-19 will begin to surge when the colder weather approaches. That already seems to be true in certain areas of the country. That could spell trouble for the casinos currently operating in Las Vegas.

Planet Hollywood’s opening date has been confirmed for October 8th. Are you excited to hear this venue is opening? Let us know in the comments section below!

Sahara Las Vegas and Grand Sierra To Pay $75K in Fines

Sahara Las Vegas Logo
The Sahara on the Las Vegas Strip and the Grand Sierra in Reno will pay $75,000 as a joint settlement for violating the state’s COVID-19 health and safety protocols.

According to settlement documents, the Los Angeles-based Meruelo Group, which owns both Sahara and Grand Sierra, did not “admit nor deny” the allegations. However, the Nevada casino operator agreed on the joint settlement because they believe that the Nevada Gaming Board “could meet its burden of proof if these matters were to proceed to the evidentiary hearing before the Commission.”

In a statement, the Meruelo Group said:

“Nothing is more important to us than the health and safety of our guests and team members and we will continue to work cooperatively with government agencies to meet these high standards and ensure compliance across our resorts.”

Various COVID-19 Related Violations

The Board filed a case against the Sahara Las Vegas last August, alleging that the resort hosted a July 23 luncheon event which was attended by an estimated 135 people. The state’s coronavirus guidelines permit Nevada casinos to host gatherings with a maximum of 50 people. Another case filed alleged that the hotel-casino allowed its customers to break social distancing rules at blackjack and craps tables last June 16.

On the other hand, a three-count case was filed against Grand Sierra last August 7th. In the complaint, Nevada regulators claimed that on three different occasions, state gaming agents witnessed guests not wearing masks inside the casino-hotel premises. The agents also said that casino officials and employees didn’t do anything to correct the practice.

Gaming Regulators File Complaints

Since Nevada casinos reopened last June 4th, gaming regulators have filed a total of six disciplinary complaints against Nevada casinos for COVID-19 related violations. Four of the cases have already been settled and were due for consideration on Thursday.

Bowl Incline in Lake Tahoe will pay $5,000 for not closing its bar top games on July 10. Slot operator Century Gaming is set to pay $15,000 for the same infraction involving Cheers Bar. Hotel Ely agreed to pay $15,000 after several employees were seen not wearing face masks. Meanwhile, the owners of the C.O.D. Casino also settled for a $30,000 payment for face mask violations.

Nevada casinos were allowed to open again last June with the state enforcing strict COVID-19 health and safety guidelines. The restrictions include reduced occupancy, more space between gamblers, head count limit for meeting and convention spaces.

NGCB Approves William Hill’s Takeover of CGT Operations in Las Vegas

William Hill

British company William Hill has received the green light to purchase CG Technology’s operations in Nevada. On Thursday, the Nevada Gaming Control Board approved Wiliam Hill’s takeover of CGT’s assets in the Silver State.

William Hill CEO Joe Asher said that he was excited with the approval of the acquisition. He added that they have started discussions with Las Vegas Sun for the renovation of the Venetian sportsbook. Asher also said that they are looking to renovate Silverton:

“There are some things we will do a little differently. We just wanted to get the finish line. We’ve invested millions into sportsbooks in this state.”

Significant Presence on the Strip

The approval will allow William Hill to take control of the sportsbooks of The Venetian Las Vegas, Palazzo, Tropicana Las Vegas, Cosmopolitan of Las Vegas, Palms, and Silverton. All casinos are on or near the Las Vegas Strip which is a market where William Hill can grow.

Willam Hill announced the planned takeover last year. As one of the largest sportsbooks in the world, William Hill already has a strong presence in Nevada. Prior to the news of its proposed acquisition of CGT’s assets, William Hill operated 113 race and sportsbooks in the Silver State. However, it lacked a significant presence on the Strip.

The deal effectively removes one competitor from the picture and puts William Hill brand in some of the Strip’s most shiny casino gems. Nevada is currently home to around 200 sports betting locations and the British company continues to grow its presence in the U.S. market.

End of The Road For CGT

Asher was the managing director of CG when it came to Nevada during the mid-2000s. It was then known as Cantor Gaming and was the sports betting branch of the financial company Cantor Fitzgerald. Asher quit in 2007 to form his own sportsbook firm called Brandywine Bookmaking which quickly grew into 16 race and sportsbooks in Las Vegas under the name Lucky’s Race and Sports.

For its part CG has a history of being penalized by the Nevada Gaming Control Board. It has been penalized three times for various violations including allowing out-of-state wagers, accepting bets after the conclusion of events, and paying out too much and too little on some wagers. CG paid a total of $10M across those violations.

ESPN also reported that CG was involved in in an “illegal gambling and money laundering scheme” which cost it another $22.5M in federal penalties. The NGCB had threatened to revoke CGT’s license as recently as last year but it survived the storms. However, this latest development does look like the end of the road for CGT in Las Vegas.

Circus Circus Plans to Sue Insurance Company

Las Vegas is home to some of the best casino-resorts in the world. Some consider Circus Circus to be one of the least-impressive venues in the city. This week, news broke that Circus Circus plans to sue its insurance company due to an unpaid claim.Circus Circus In Las Vegas

As many are aware, Las Vegas casinos have taken a major hit due to the global pandemic. Many are now in desperate need of support in order to remain functional. Today, we’re going to look at the lawsuit that the owners of Circus Circus have planned.

Let’s get into it!

Nearly All Las Vegas Strip Casinos Have Reopened

At the start of this year, the idea of shutting down the Las Vegas Strip was inconceivable. This is one of the largest tourist destinations in the country, drawing in millions of visitors each year to take part in the gambling and entertainment. By March, the US began entering into lockdown and all of the casinos in Nevada were forced to close down.

Governor Sisolak was very hesitant to get the state’s casino industry back to normal. Las Vegas Mayor Carolyn Goodman, however, almost immediately begin demanding that casinos be allowed to reopen. It wasn’t until June 4th that the state’s gaming venues were allowed to start accepting guests again.

Initially, only a few casinos in Las Vegas reopened. As the weeks went on, more of the state’s major gambling venues opened back up. Today, almost all of the casinos on the Las Vegas Strip are operating again.

That doesn’t mean things are completely back to normal here. The casinos in Las Vegas look much different than they did prior to March. Slots are separated, plexiglass barriers separate table game players, and masks are now officially required when on the casino floor.

It’s a very unusual time for what is considered the entertainment capital of the United States. The amount of revenue that casinos here are earning is considerably lower than it was pre-pandemic. One major casino in this city is now filing a lawsuit, alleging it should be paid for the damage caused by the coronavirus spreading around the world.

Circus Circus Plans to File Lawsuit Against AIG Specialty Insurance Company

Every single casino in Las Vegas has been affected by the events unfolding around the world. Some are being hit harder than others. For the venues that were already struggling, this situation has become extremely difficult.

That can be applied to Circus Circus. This property is now considered one of the worst hotel-casinos on the Las Vegas Strip. It was recently purchased by Phil Ruffin, who felt he could turn things around here.

This week, officials within Circus Circus announced they plan on suing AIG Specialty Insurance Company. Casino officials claim the insurance company is refusing to cover losses that Circus Circus has experienced during the pandemic. The company released a statement that claims the “All-Risk” policy AIG offers does not live up to its word.

“AIG relies on sleight-of-hand, distortions of fact and contortions of law to escape from Circus Circus’s covered claim,” Circus Circus lawyers claimed. “But no illusion or death-defying feat can alter the plain language of AIG’s policy and the broad all risks coverage that it provides.”

Interestingly, Circus Circus claims that it suffered major losses even before shutting down. The casino claims people infected with Covid-19 had already visited this property and spread the virus to employees. More than 1,600 sick days were recorded between January 1st and March 18th, Circus Circus claims.

We’ll need to wait and see how AIG Insurance responds to this lawsuit.

What to Expect in Las Vegas Over the Next Six Months

Not even the best gambling analysts in the country can accurately say how the US casino industry will look by the end of the year. This is the toughest spot this industry has ever been in. As of now, the casinos in this country are simply trying to earn enough money to stay above water.

Tourism is still extremely slow in Las Vegas. Rates of visitors dropped even further after Governor Sisolak’s announcement that masks are now required on the casino floor. As rates of Covid-19 increase around the country, fewer people are willing to travel.

It seems highly unlikely that the casinos in Las Vegas will be forced to close down again. These companies are doing everything they can to make things safe for employees and guests. There are still complaints that workers inside casinos are still being put in danger.

Circus Circus plans to sue its insurance company. The Nevada Culinary Union is planning a lawsuit of its own against several major casinos on the Strip. This union represents workers inside casinos, many of whom claim things are not safe enough.

Casinos will remain open here. As time goes on, tourism rates are likely to increase. It could be years before the casinos in this city return to the way they were at the start of 2020.

Are you surprised to hear Circus Circus plans to sue its insurance company? Do you think this casino will win the lawsuit? Let us know in the comments section below!