Wynn Las Vegas Opens $3.5M Sports Podcasting Studio

Wynn Las Vegas

Wynn Las Vegas has built a $3.5M sports podcasting studio inside its property. The studio is part of Wynn’s three-year partnership with Blue Wire, a network that has an arsenal of 175 podcasts including ones that cover major sporting events like combat sports and the NFL. The deal is aimed at promoting Wynn Resorts’ WynnBET mobile betting app.

High-Profile Location

The Blue Wire Studio is in a high-profile location inside the Wynn Las Vegas. It is constructed at a former jewelry store that in a retail corridor connecting the Resort to the Wynn Golf Club. Wynn Las Vegs is on the east side of the Strip where the demolished Desert Inn stood for decades.

It is constructed with a glass front so that hotel guests and passers by will be able to see the podcasts broadcasted live. Popular podcasts from Blue Wire include Green Light with Chris Long, the Pack-a-Day Green Bay Packers podcast, and The Codcast which is about the esports game Call of Duty.

Blue Wire also has shows featuring retired sports stars like WR1 with Chris Carter. The network also has other general sports betting podcasts and sports history shows which focus on specific pro sports teams like the Houston Texans and the Las Vegas Golden Knights.

Betting Big on WynnBET

Wynn is currently very aggressive in promoting its sports betting app WynnBET. The company recently launched a $100M ad campaign including commercials featuring stars such as Ben Affleck and Shaquille O’Neal.

The Wynn Casino also houses the Wynn Race & Sport Book as well as the Encore Race & Sportsbook which are two of the most popular retail betting places in the industry.

The Blue Wire Studio though is not the first of its kind in Sin City. The Vegas Stats and Information Network (VSiN) was launched by broadcaster Brent Musburger in 2017. VSiN operates from Southpoint Hotel, Casino, and Spa and the Circa Resort and Casino. The network was recently purchased by DraftKings.

Tourism Rates in Las Vegas are Reaching Pre-Pandemic Levels

Las Vegas Tourism

Las Vegas is a city that relies almost entirely on tourists. For months in 2020, almost no one was making the journey to this city. Things have begun to completely turn around, however, and new reports indicate that tourism rates in Las Vegas are starting to reach pre-pandemic levels.

This is extremely exciting news for the gambling companies here. Many are hopeful that Las Vegas breaks an all-time gaming revenue record in 2021.

Here’s what we know about this situation!

Las Vegas Casino Companies Continue to Report Revenue Surges

There are more world-class casinos operating in Las Vegas than anywhere else in the world. This city relies on these properties to fuel tourism and bring in revenue. Up until 2020, these properties were effective at doing so.

State officials ordered all of the casinos in Las Vegas to close their doors back in April of 2020. As a result, tourism rates into the city came to a screeching halt. Gaming revenue immediately plummeted too, and many residents in the city were left without work.

Since January of 2021, things have been steadily improving. Millions of individuals around the US are making the trip to Las Vegas every single month. Casino companies here have been reporting consistent revenue increases throughout the year.

Companies such as MGM Resorts International, Wynn Resorts, and more are enjoying these revenue surges. Most analysts expect them to continue for the rest of 2021. It’s exciting news for the gambling industry, as a whole.

It seems that tourism rates into Las Vegas are rapidly increasing right now. Here’s a quick look at exactly how many individuals have been making the journey into this city.

Here’s an Exciting Update on Tourism Rates in Las Vegas

2020 made it very apparent that Las Vegas is a city that relies on tourism. Without visitors, the casinos here are unable to generate any revenue. Fortunately, it seems that this city is continuing to attract a new number of visitors from around the country.

New reports from the Las Vegas Review-Journal have just surfaced claiming that tourism rates in Las Vegas have been surging throughout the year. Interestingly, these rates remain below what was seen in 2019. It’s still extremely exciting news for the gambling operators in the state.

The Las Vegas Convention and Visitors Authority reported that 3.3 million individuals made the journey to Las Vegas last July. That represents a staggering 129.7% increase compared to July of 2020. That also represents a 10.4% decrease when compared to July of 2019. Kevin Bagger, vice president of the LVCVA research center, spoke to the media about this situation.

“July marked the strongest visitation month since the pandemic began as the destination hosted 3.3 million visitors, up 11.2 percent month over month (from June),” Bagger said. 

Things are clearly going well for the US casino industry. Analysts predict that tourism rates in Las Vegas are going to increase as the year continues. Stay tuned for updates!

Gambling Revenue in Las Vegas Smashes Another Record

The city of Las Vegas is experiencing a wave of tourism. With that surge in visitors also comes an increase in revenue, it appears. New reports have surfaced this week that show gambling revenue in Las Vegas has just surpassed another monthly record.

Casinos on the Las Vegas Strip managed to bring in over $793 million this July. Nevada’s total GGR came out to $1.35 billion. Certain analysts credit the opening of Resorts World Las Vegas for this massive surge of gaming revenue.

It appears that the mask mandate recently set in place here has not affected tourism rates. That is excellent news for the casinos here. Some worried that once again ordering masks on the casino floor would result in a drop in overall tourism.

August is always a successful month for the US casino industry. It seems likely that casino revenue in Las Vegas will hit another new record that month. We’ll be sure to offer updates on this situation over the next few months.

Are you surprised to see where tourism rates in Las Vegas stand right now? Let us know in the comments section below!

US Casino Revenue for 2021 is Setting New Records

Casino Revenue In 2021

Things can change fast in the gambling industry. 2020 was the worst year in history for the US gambling industry. Incredibly, things have completely turned around in 2021. New reports indicate US casino revenue for 2021 is set to break new all-time records.

Casino hubs across the country have been seeing a staggering amount of revenue flowing in lately. Many are now wondering how long this will continue. Now is a great time to talk about how much money US casinos have been bringing in this year.

Let’s get into it!

States Go Against Ordering Intense Health Restrictions for Casinos

There have been some major concerns about the US casino industry in recent months. This is largely due to the spread of the new Delta variant. Infections have been increasing in many areas of the world and health officials have been warning that new restrictions may need to be set in place.

This sent chills up the spines of all US casino companies. These companies were devastated by the mass shutdowns and subsequent restrictions ordered throughout 2020. Things have been steadily improving in 2021, yet another round of restrictions could undo much of the progress being made here.

Every state has the ability to implement its own restrictions. Some are known for taking a more intense approach to its Covid-19 rules than others. Fortunately, it doesn’t appear that any massive restrictions are being ordered for US casinos.

Over in Nevada, masks are now once again required by patrons and employees on the casino floor. State leaders have chosen against ordering another capacity limit for casinos. Tourism and gambling revenue continues to increase here and it doesn’t appear that these mask rules are having any major effect.

Atlantic City is also requiring masks inside casinos. This is the largest gambling hub on the East Coast. A huge number of casinos here are undergoing renovations and continue to prepare for increases in their tourism rates.

The US casino industry continues to see increases in revenue, despite the fears surrounding the Delta variant. Now is a great time to look at how much money US casinos are managing to bring in right now.

US Casino Revenue for 2021 is Poised to Break Records

Since the start of 2021, casinos around the United States have been seeing consistent increases in their revenue figures. Most casino restrictions have been lifted and travel is up around the country. It’s great news for the various casino companies around the US.

Not long ago, new reports surfaced claiming US casino revenue for 2021 is set to break new records. The American Gaming Association released its report claiming that casinos in the US had their best second-quarter in history by taking in $13.6 billion. That is leading some to feel that this could be the best year in history for the industry.

Back in 2019, US casinos managed to bring in $43.6 billion in total revenue. More than $25 billion has already been brought in over the first six months of 2021. If the current trend continues, casino revenue will break records by a large margin. AGA President and CEO Bill Miller spoke to the media about this development this week.

“These first half results are truly remarkable,” Miller said. “COVID-19 is not yet in the rearview mirror, but I’m confident the record first half of 2021 has laid a strong foundation for the industry’s full recovery.”

Of course, some fears still linger over the aforementioned Delta variant. If cases begin to truly surge around the country, more intense regulations will need to be ordered. Until that happens, however, US casinos will likely continue seeing major boosts in their monthly revenue figures.

Sports betting revenue also continues to increase around the United States. Now is a great time to look at how much money states are earning from their sports gambling operations.

Sports Betting Revenue Continues to Increase

The US sports betting industry has expanded rapidly over the past few years. This all started when the US Supreme Court decided to strike down PASPA in 2018. This decision gave every single state around the country the ability to legalize and regulate sports gambling.

Most states allow both land-based and online sports betting. These states are earning a huge amount of revenue from this industry every month. This past June, different states saw fluctuating revenue figures earned from their sports betting operations.

Iowa experienced a slight dip in its sports betting revenue. That’s not a surprise, as July tends to be the worst-performing month for the sports betting industry every year. The sports betting operators here saw just $89 million in total betting handle.

Illinois is home to the second-largest sports betting industry in the United States. This past July, the sportsbooks here saw $47.5 million in total gross gaming revenue. This is expected to increase significantly over the months of August and September.

It’s an exciting time for the entire US gambling industry. 2021 is shaping up to be the best year in history for the casino and sports gambling operators here. We’ll be sure to continue offering updates on the revenue figures here as the year goes on.

Are you surprised to see where US casino revenue for 2021 stands? Do you think this will be the best year in history for the casino industry? Let us know in the comments section below!

Here’s What You Need to Know About MA’s New Casino Rules

Massachusetts Casinos

Massachusetts is home to three popular casino-resorts. These properties have been performing well lately, yet it seems that tough times could possibly be on the horizon. Today, we’ll talk about MA’s new casino rules being set in place.

Many are confused about these new regulations. Fortunately, the rules are unlikely to have any major effect on tourism and revenue for the casinos here.

Let’s get into it!

A Lot is Happening With Massachusetts’ Casino Industry

The state of Massachusetts has only allowed casino gambling for the past decade. Prior to that, virtually all forms of gambling were completely banned in this state. There are now three major casino-resorts operating in the state, all of which are popular with locals.

The MGM Springfield was the first casino to open its doors in Massachusetts. It became an instant hit, drawing in gambling fans from around the state. Interestingly, MGM Resorts recently chose to sell this property to Vici Properties for nearly $2 billion.

Wynn Resorts’ Encore Boston Harbor now owns the most successful casino in the state. This property is located near Boston and has captured much of the MGM Springfield’s market. It will likely remain the most popular gaming venue in the state for years to come.

The events that unfolded in 2020 took a massive toll on the casino industry here. All of Massachusetts’ casinos were shut down for many months. They eventually reopened and have been working to boost their revenue figures ever since.

Tourism and revenue figures into MA’s casinos seem to be increasing. Some fear this trend could be short-lived, though. A new Covid-19 variant is spreading around the country and many states are beginning to once again order intense health restrictions on various businesses.

Massachusetts is one such state to begin setting new rules. Here’s what you need to know about the recent regulations set in place at the casinos here.

MA’s New Casino Rules are Now Set in Place

Every single major casino hub was affected by the events that unfolded in 2020. Things have been steadily improving throughout 2021, however, and there has been real optimism of seeing pre-pandemic casino revenue figures throughout the country. That optimism seems to be slowly fading away, though.

Not long ago, the Massachusetts Gaming Commission announced that all patrons to the state’s casinos are recommended to wear masks. That includes individuals who have been vaccinated. It’s not as strict of a rule as the one set in place in Nevada and should not have much of an effect.

Casinos are ordering new rules of their own. MGM Springfield recently announced that all employees, regardless of their vaccination status, will need to wear masks while at work. Some feel the other casinos in the state will soon order a similar measure.

It’s important to note that the Massachusetts Gaming Commission is not ordering all of its patrons to wear masks. For now, this is only a recommendation for patrons. If cases continue to rise, however, there is a chance that more intense restrictions could be set in place.

MA’s new casino rules are mostly affecting casino workers. Hope is that these rules do not result in a drop in tourism for the state’s casinos. We’ll be sure to offer more updates on this situation over the next couple of months.

Over in Las Vegas, more intense regulations are currently being set in place. Now is a great time to talk about how the major casino-resorts are faring here right now.

How Will Las Vegas Fare Over the Rest of 2021?

Las Vegas is and always has been the biggest and most profitable gambling hub in the United States. It took a major blow throughout 2020. Over the past eight months, this city’s casinos have been seeing a huge surge in their revenue figures.

There are concerns that things could devolve over the rest of 2021. Health officials recently ordered masks to be worn at all times inside casinos by patrons and employees. It’s the same mandate ordered over the summer last year.

Wynn Resorts, a company that owns several popular casinos in Las Vegas, recently released its Q2 revenue reports. Overall, the company saw a dip in its earnings when taking operating costs into account. CEO Matt Maddox seems confident that things will improve as the year goes on.

Much of this depends on whether or not more restrictions are ordered. If casinos begin looking like they did in 2020 and entertainment options are shut down, there is no doubt that revenue will fall. Lawmakers in Nevada likely realize that fact.

2020 proved how vulnerable the US casino industry is. Recent events are proving that these vulnerabilities still exist.

What do you think about MA’s new casino rules? Do you think more intense restrictions will be set in place here? Let us know in the comments section below!

Health Rules at MA Casinos May be About to Change

MGM Springfield

For more than a year, the casino industry in Massachusetts has been under intense pressure from health officials. All of the gambling venues in the state have been implementing different regulations to keep their patrons and employees safe. New reports indicate the health rules at MA casinos could soon change in a big way. 

State officials will soon meet to discuss the rules set in place here. It seems likely that some of the regulations here are about to be lifted. 

Here’s what you need to know! 

Gaming Revenue in MA is Surging Throughout 2021 

Massachusetts is home to a fairly small casino industry. For decades, lawmakers here prohibited any traditional casinos to operate in the state. Finally, in 2011, a law was passed to allow commercial casinos to begin operating in the state. 

Some of the most powerful gaming companies in American immediately expressed a desire to open casinos here. MGM Resorts and Wynn Resorts were eventually granted licenses. These companies quickly started coming up with plans to open their properties. 

In 2018, MGM Springfield opened its doors to the public. This was the first major commercial casino in the state. A huge number of people immediately flocked to this property. The Encore Boston Harbor then opened in 2019 and captured a huge share of the state’s gambling market. 

Last year proved to be the worst year in history for the entire US gambling industry. Fortunately, 2021 has been significantly more successful. Last April, the casinos here once again saw a jump in their overall revenue figures

MGM Springfield managed to bring in $21.93 million in GGR last month. The Encore Boston Harbor saw a total revenue figure of $50.18. Overall, the casino industry in the state took in $84.63 in gross gaming revenue. 

This is impressive when considering many of the health regulations set in place in Massachusetts. Interestingly, these rules may be about to change! 

Officials are Meeting to Discuss the Health Rules at MA Casinos 

It’s been great to see gambling revenue numbers increase in Massachusetts lately. The state has invested a tremendous amount of time and money to get its casino industry up and running. The events that unfolded in 2020 undid much of the progress that was made. 

Things are improving rapidly. That may come as a surprise when considering many of the intense health regulations set in place. Even today, the casinos in Massachusetts still require a host of different rules for their patrons and employees. 

On May 26, a group of state gaming regulators will meet to discuss the current health rules at MA casinos. The goal of this meeting is to decide when to begin lifting the restrictions set in place here. It comes as the state’s infection rate continues to drop. Representatives from the state’s commercial casinos will also attend this meeting. 

Bruce Band, assistant director of the commission’s Investigations and Enforcement Bureau, spoke about this situation to the media this week. 

“The casinos, over the last 14 months, have been nothing but cooperative,” he said. “They’ve done everything we’ve asked pretty much and have certainly reached out when they had any questions at all to get it clarified.”

It now seems that the state feels it’s time to begin rolling back restrictions. This comes shortly after the CDC announced that masks are no longer necessary for vaccinated individuals in most situations. It seems likely that the rules at casinos in Massachusetts will soon loosen. 

This is likely to help boost gaming revenue here even further. We’ll be sure to offer updates on this situation over the next few weeks!

Las Vegas Casinos Report Surge of Bookings

Las Vegas is still the country’s biggest and most successful casino industry. It’s here that many of the world’s best casino-resorts are located. Like all other gaming hubs, Las Vegas took a massive economic blow throughout 2020. 

2021 is already a much better year for the gambling industry here. Most of the gambling venues here are now operating at 100% capacity. Recently, Governor Sisolak gave the green light for gaming properties here to remove their mask mandate, as well. 

Most of the casino-resorts here are now reporting a major surge of bookings. Memorial Day weekend is just around the corner. It’s expected to be one of the busiest weekends for the city of Las Vegas in recent history. 

This summer is also expected to bring a massive surge of tourism into Las Vegas. Many of the health regulations set in place here are expected to be removed by June. An influx of tourists will head to the city to enjoy the gambling and entertainment options. 

The opening of Resorts World Las Vegas may also bring a surge of visitors to the city. This is the most expensive property ever built in Las Vegas. It’s slated to open on June 24 and will likely be a truly state-of-the-art venue. 

Do you think it’s time for health rules at MA casinos to be removed? Let us know in the comments section below!

Mask Rules in Las Vegas Casinos are Beginning to Change

Masks Inside Casino

Earlier this week, the CDC released a new set of health guidelines for vaccinated individuals around the country. The national agency now claims that vaccinated individuals no longer need to wear masks indoors. As a result, mask rules in Las Vegas casinos are quickly changing.

This new statement from the CDC doesn’t mean everyone can throw their masks in the garbage. Individuals are still able to set their own rules on this situation. Now is a great time to talk about how things are changing over in Las Vegas.

Let’s get into it!

Most Las Vegas Casinos Resume Full Capacity

Las Vegas is home to more world-class casinos than any other city in the country. The majority of these venues are located on the Las Vegas Strip. It’s here that casino-resorts such as The Bellagio, The Cosmopolitan, and Caesars Palace are all located.

Most are well-aware of the impact that the pandemic had on these casinos. Back in March of 2020, all of the gambling properties across Nevada were forced to shut down. It took months for any of them to reopen to the public.

Gambling revenue fluctuated greatly throughout 2020. The summer months brought an influx of tourism. As the colder fall and winter months approached, however, tourism declined and revenue began to plummet once again.

2021 is proving to be a significantly more successful year for the gambling industry here. Casinos have been reporting consistent revenue increases with each passing month. Many of the city’s most popular casinos are also choosing to reopen many of their most popular amenities.

The majority of casino-resorts in the city have now resumed full capacity. As the health situation around the country improves, restrictions in Las Vegas are being lifted. That is helping to boost tourism rates more as the months go on.

There is a lot happening in Las Vegas right now. Here’s an update on the mask situation across the city!

Mask Rules in Las Vegas Casinos are Being Removed

Since mid-2020, all of the casinos in Las Vegas have been enforcing a strict set of health regulations. Perhaps the most notable was the requirement to wear masks at all times while indoors. Some felt this rule was keeping gamblers from visiting the city.

Vaccine distribution has been ramping up around the country over the past couple of months. As a result, many states are seeing a major drop in their infection rates. This gives them the ability to remove many of the intense regulations previously set in place.

This certainly applies to Nevada. The monthly infection rate in this state has been gradually decreasing throughout 2020. As time goes on, state officials are easing back on many of the restrictions set in place here since last year.

News is now coming out that the mask rules in Las Vegas casinos are being lifted. After the CDC’s announcement this week, many of the biggest casino-resorts have announced that vaccinated individuals no longer need to wear masks. It proves how far the country has come in dealing with the global health crisis. MGM Resorts officially announced it will no longer require masks at its LV properties today.

“Dear colleagues, yesterday the Centers for Disease Control (CDC) issued new public health guidelines stating that those who are fully vaccinated against the coronavirus can stop wearing facemasks and maintaining social distancing in most settings… As a result, we will no longer require fully vaccinated guests to wear masks at any of our Las Vegas properties, effective at noon PST today, May 14th,” the statement said. 

Many will be happy to hear about this new ruleset. It should help to significantly boost tourism rates throughout Las Vegas moving forward. We’ll be sure to offer more updates on this situation over the next couple of weeks!

Resorts World Las Vegas Announces More Entertainment Headliners

There has been a huge amount of attention placed on Resorts World Las Vegas over the past few months. As many know, this massive casino-resort has been under construction in the northern area of the Las Vegas Strip for months. This property will finally open its doors to the public on June 24.

This will be the most expensive gambling venue ever opened in the city. It cost an astounding $4.2 billion to construct. Analysts expect it to be a one-of-a-kind venue in just about every single way.

More details about Resorts World LV are coming out as the opening date draws closer. This week, the dates for the casino-resorts entertainment headliners were released. Katy Perry and Celine Dion are both set to host a series of shows here.

Celine Dion will begin her set of performances on November 5. This will be the first of ten shows inside Resorts World. The money earned from the opening performance of Dion will go toward Covid-19 relief.

Katy Perry will begin her performances here on December 29. Country star Luke Bryan will then start his series of shows in the casino-resort on February 11. It’s clear that this property wants to establish itself as one of the city’s entertainment hubs.

Are you happy to see mask rules in Las Vegas being lifted? Let us know in the comments section below!

Penn Gaming’s Revenue Figures Surge in 2021’s Q1

Cash In Hand

Penn National Gaming has slowly become one of the most powerful gaming companies in the world. Its recent move into the sports betting world seems to be paying off in a big way. Reports have confirmed that Penn Gaming’s revenue figures hit record-highs in 2021’s first quarter.

It’s fantastic news for the Pennsylvania-based gaming operator. Now is a great time to talk about what led to this revenue surge. We’ll also discuss some of the company’s plans for the future.

Let’s get into it!

More States Show Interest in Legalized Sports Betting

The US sports industry began to surge in May of 2018. That month, the US Supreme Court decided to strike down PASPA. Doing so immediately gave every state in the country the ability to legalize and regulate sports betting.

As time goes on, it is becoming more clear how much money can be earned from this industry. Many states, particularly those with online sports wagering options set in place, are seeing a huge amount of money come in every month. Places like New Jersey and Pennsylvania are benefiting from revenue in the form of taxes.

Just about every state around the country is now expressing interest in legalizing sports betting. That includes some of the states known for their harsh anti-gambling laws. The revenue potential from this industry is simply too much to ignore.

It seems likely that several more states will formally approve sports gambling legislation before the end of 2021. It’s fantastic news for sports fans around the country. Before long, sports gambling could be legally available in almost every state.

Many areas are also choosing to expand their sports gambling options. New York, for example, is in the process of launching its own internet sports betting industry. Only land-based sportsbooks are currently up and running here.

Penn National Gaming is one of the companies working hard to expand in the US sports betting market. It appears these efforts are paying off in a big way.

Here’s a Look at Penn Gaming’s Revenue Figures in 2020’s Q1

Penn National Gaming has been a major player in the US gambling industry for years. Not long ago, the company began focusing considerably more on the rapidly expanding sports betting industry. It famously invested a massive amount of Barstool Sports ahead of that company’s own sportsbook launch.

This is proving to be a fantastic decision. This week, reports on Penn Gaming’s revenue figures were released. Incredibly, the company has already set new record-highs for its earnings in 2021’s first quarter.

Penn Gaming is also focused on expanding its casino industry in Las Vegas. The company already owns several properties in this city. It now appears that the Las Vegas Strip is a major point of focus for the company. CEO Jay Snowden spoke about the company’s plans to the media this week.

“I think the Vegas Strip is a great market and I think when you look at the Penn story could you envision down the road there being a sort of a hub-and-spoke as it relates to our longterm retail strategy, absolutely,” he said. It has to be the right asset, the right location and it has to be an asset that we feel is representative of a destination that we want to send people to.”

It’s a smart move for Penn Gaming to begin focusing more on the Strip. This area of Las Vegas has been seeing a steady increase in visitors for the past few months. Many analysts expect this summer to be one of the most successful seasons for Las Vegas in years.

Several major casino-resorts have recently gone for sale on the Strip recently. It wouldn’t be a shock to see Penn take control over one of these properties if it sees an opportunity. Stay tuned for updates over the next few months!

All Signs Point Toward a Successful Summer for Las Vegas

The US casino industry has been in recovery move for more than a year. Fortunately, gambling revenue in major casino hubs such as Las Vegas has been steadily increasing throughout 2021. Each month this year has proven to be more successful than the month prior.

There are some clear signs that Las Vegas will experience a successful summer this year. The first is the lifting of major restrictions throughout the city. Casinos like the Cosmopolitan are now operating at 100% capacity.

More entertainment options are also becoming available in the city. With restrictions being lifted, the major casino-resorts in Las Vegas are able to resume live shows. This is instrumental in boosting tourism rates in the city.

Many believe that the opening of Resorts World Las Vegas will bring an influx of visitors to the city, too. This venue cost $4.2 billion to construct, making it the most expensive gaming venue ever built here. It’s expected to be the most impressive gambling venue ever built in the US.

Things are already getting better here. June, July, and August should prove to be record months for the city. Stay tuned for updates!

Are you surprised to see where Penn Gaming’s revenue figures stand? How do you think the company will fare later this year? Let us know in the comments section below!

Penn Gaming’s Revenue Has Been Surging Lately

Penn Gaming

For more than a year, major casino companies across the US have seen major drops in their monthly revenue earnings. There are some clear signs of recovery lately. New reports claim that Penn Gaming’s revenue has been increasing significantly over the past month.

It’s fantastic news for this company. Today, we’ll talk about what has led to this surge in revenue. We’ll also talk about some of the ways that Penn National Gaming has been expanding over the past few years.

Let’s get into it!

Casino Revenue is Fluctuating Around the US Right Now

The US casino industry suffered a huge blow in March of 2020. As most know, this was the month when nearly all casinos across the country were ordered to shut down. It took months for any of the casinos here to reopen.

Reviving this industry proved to be significantly more difficult than most predicted. Many states began allowing their commercial casinos to start operating in the early summer. Unfortunately, many were forced to shut down again by the time the fall approached.

Lately, casino revenue has been fluctuating around the country. Some major gaming hubs such as Nevada have been seeing increases in their tourism numbers. Other, smaller casino destinations have seen drops due to poor weather and a jump in infections.

There is reason to be optimistic for the rest of the year. Vaccine distribution is up and travel is beginning to increase around the country. There are several exciting new casino-resorts scheduled to open in Nevada over the next few months that are expected to boost tourism numbers.

That is great news for the many different casino companies around the US. Many have seen massive revenue declines since early last year. It is finally beginning to look as if there is light and the end of the tunnel for these casino operators.

Some of these companies are already seeing big surges in their revenue figures. That includes Penn National Gaming, one of the fastest-growing casino companies in the country.

Penn National Gaming Reports Major Revenue Surges in March

Most familiar with the US gaming industry have heard of Penn National Gaming. This company now owns and operates 41 different gaming venues around the country. It’s also becoming a major player in the quickly-emerging US sports betting industry thanks to its partnership with Barstool Sports.

Throughout most of 2020, Penn National Gaming saw massive declines in its revenue figures. Fortunately, it seems that things are turning around. CEO Jay Snowden spoke to the media this week and claimed that revenue in March is surging in a way that no one predicted.

“What we’re seeing right now in the business … is revenues and volumes that I haven’t seen in years. The month of March has been incredible,” he said. “We saw really high spend per visit when people came, but the visitation was still way down year over year because those that were 65-plus years old weren’t coming back.”

It seems that the increase in vaccines is helping casinos in a major way. Snowden claims that it’s leading to a major increase in casino visitations. He also claims that sports betting revenue from March Madness is helping to boost Penn Gaming’s revenue.

This is great news for Penn National Gaming and other casino companies around the country. It seems that the US gaming industry is finally beginning to bounce back. Major casino hubs such as Las Vegas and Atlantic City are likely to see major boosts in revenue as the year goes on.

Las Vegas, in particular, is expected to see huge surges of tourism this summer. Here’s a look at what will lead to this tourism surge.

What Will Help to Boost Tourism Rates in Las Vegas?

Las Vegas is one of the most-visited cities in America. Under normal circumstances, more than 40 million people would flock here every single year. Since March of 2020, however, tourism numbers here have been very low.

It’s clear that things are beginning to recover, though. Effective vaccine distribution is leading to a major surge of travel into Las Vegas. The casinos here are now operating at 24-hours a day and have been seeing large increases in revenue.

This vaccine distribution seems to be the primary reason for this surge in tourism. It also seems likely that the opening of new casinos here are bringing in more visitors. Several exciting new properties are set to open here over the next few months.

The Virgin Hotel-Casino opens its doors tomorrow! This venue is Virgin’s first casino and is expected to be fantastic. There are some fun things being planned for the venue’s grand opening.

Resorts World Las Vegas is expected to be one of the biggest and best casinos ever built in Las Vegas. It cost $4.2 billion to construct and is a true state-of-the-art masterpiece. Many are excited to see what this venue has to offer.

Are you surprised to see Penn Gaming’s revenue increase again? When do you expect tourism numbers in Las Vegas to reach pre-pandemic levels? Let us know in the comments section below.

When Will Tourism Rates in Las Vegas Return to Normal?

Las Vegas Strip

It’s been almost a year since the historic casino shutdowns across the city of Las Vegas. Since that time, tourism rates in Las Vegas have been significantly lower than what was seen in years prior. Many are now trying to predict when tourism numbers here will return to the levels seen in 2019.

In a way, this is almost trying to predict when the world will return to the way it was in 2019. There’s simply no way to know. Many believe there is reason to be optimistic about the future of Las Vegas, though.

Now is the perfect time to look at what could lead to an increase in tourism here!

Las Vegas Casinos Begin Expanding Their Operating Hours

As most are aware, all of the casinos in Nevada were forced to shut down back in March of 2020. This was the first time this had ever happened in history. Incredibly, many of the casinos forced to shut down that month remain closed to this day.

It’s amazing to see. Las Vegas has long been the world’s biggest and most profitable gambling destination. Casino companies here are choosing to keep many of their properties closed until they can see a clear profit margin from reopening.

Most of the biggest casino-resorts in Las Vegas chose to reopen over the summer. Tourism rates didn’t immediately increase here, however, and some quickly began closing down during the weekdays. This month, some of the biggest casinos here announced they were reopening during the week.

That includes several of MGM Resorts’ properties. The Mirage, Mandalay Bay, and Park MGM all recently announced they are reopening to the public during the week. It’s a clear sign that Las Vegas is beginning to recover.

Things are still far from how they were prior to March of 2020. Tourism rates in Las Vegas remain low and gaming revenue is still lagging. If all goes according to plan, though, this summer will end up being a good one for the city.

Analysts are busy trying to predict when Las Vegas will see pre-pandemic levels of tourism. Let’s look at some factors that could contribute to this happening.

What Will Help to Increase Tourism Rates in Las Vegas?

Las Vegas is unlike most other cities around the country. A huge portion of the economy here almost completely relies on tourism. Without visitors flocking to the city on a regular basis, many of the businesses here simply cannot survive.

As you might expect, many of the officials here have been working hard to boost tourism rates. It hasn’t been easy during one of modern history’s worst health crises. Fortunately, there are some signs that things could improve in a big way by the summertime.

Vaccine distribution continues to increase around the United States. As a result, more people are feeling confident taking much-needed vacations. Airline travel is up considerably lately and Las Vegas is beginning to see an uptick in tourism rates.

The opening of several exciting new casino-resorts will also likely help to boost tourism rates here. That includes Circa Las Vegas, Resorts World Casino-Resort, and the Virgin Hotel-Casino. Resorts World, in particular, is expected to be one of the most exciting new gambling venues ever built in this city.

Fletch Brunelle, Vice President of Marketing for the Las Vegas Convention and Visitors Authority, believes we’ll see a tourism increase later this year.

“It shows the resiliency of Las Vegas and it talks about the desire for travelers to come back to this great destination when things are back to somewhat of a normal level,” he said. “Our hope for 2021 is that as we hit March, April, May, June, and frankly as we get into the third quarter, that there will be enough vaccinations as well as individuals that have recovered from the virus that we will see a good amount of herd immunity.”

There is no telling when exactly tourism rates in Las Vegas will reach 2019-levels. We’ll be sure to report more on these numbers over the next few months.

Casino Revenue is Increasing Around the United States

Las Vegas isn’t the only city in the United States seeing its casino industry improving right now. Many of the country’s biggest casino hubs are seeing revenue increases lately, too. That includes Atlantic City.

Revenue reports on gaming revenue in New Jersey for January have just come out. Many are excited to see where things stand. Atlantic City’s casino revenue increased by 9.3% that month.

There are some caveats here, though. Much of this revenue increase comes from the state’s sports betting operations. In-person casino revenue actually dropped when compared to January of 2020.

That is not a surprise when considering the differences in the world now compared to January of last year. The casino owners in this city are still happy to see revenue increases. New Jersey is now home to the country’s biggest sports betting industry.

Several other states are seeing revenue increases from their gaming industries, too. That includes Colorado and Oklahoma. This trend is likely to continue as the health situation around the world improves.

When do you expect tourism rates in Las Vegas to reach 2019’s levels? Let us know in the comments section below!

Resorts World Las Vegas Launches Career Website For Job Applicants

Resorts World Las Vegas
Resorts World Las Vegas has launched a career website on Monday as it starts accepting applicants for various positions for the property which is set to open next summer.

According to a press release from Resorts World Las Vegas, jobs posted on the company’s career website include entry to management positions in different departments on the resort including casino, food and beverage, nightlife, hotel operations, and finance among others.

Said Resorts World Las Vegas President Scott Sibella:

“We’re excited to launch our Career Website and begin our recruitment efforts as we look to create 6,000 new jobs for Las Vegas, which we plan to fill by the time we open next summer. As the first property to be built on the Strip in over a decade, we are not only creating a resort experience from the ground up, but cultivating a talented team of hospitality professionals who share in our company’s core values of hard work, compassion, harmony, honesty, loyalty and wellness and safety.”

Filling Vacant Positions

Resorts World Las Vegas is looking to fill in vacant positions in the coming months leading to its opening next year. Officials say that construction is 75% complete and that the property is on track for its scheduled summer opening.

Interested applicants are encouraged to visit Resort World’s Career Website and create an account. Once an account is created, they can create their profiles and submit an application. Users can also search for available jobs and know the requirement and specifics of the positions. Applicants can also join live information sessions where they can talk real-time to recruiters. These sessions will start on November 30 on a first-come, first-serve basis.

Most Expensive Property on The Strip

The $4.3B Resorts World Las Vegas is the most expensive property on the strip, topping the $4.13B Cosmopolitan. It is being constructed at the former Stardust Resort and Casino site and is expected to be completed in the summer of 2021. The property was purchased by the Genting Group from Boyd Gaming in 2013 for $350M.

Resorts World Las Vegas is expected to have 3,500 rooms and a gaming area of 110,000 square feet. It will include a 220,000 square foot pool complex and a 1,800 square foot infinity pool. The resort will also have a 75,000 square foot nightlife and daylife concept, a 5,000 capacity state of the art theater, a 50 foot diameter video globe which will display over 6,000 square feet of LED content, and a sky casino.