Attorneys Aim to Appeal NJ’s PILOT Bill Decision

Atlantic City Skyline With The Law Playing Cards

Lawmakers in New Jersey continue working on ways to better protect the gambling industry in Atlantic City. This city is a major revenue generator for the state, yet has faced its share of issues over the last few years. A group of attorneys is now pushing hard to appeal NJ’s PILOT bill decision made last month.

Many feel that this bill could help to better protect the casinos operating in Atlantic City. Others believe it offers unnecessary tax breaks to the gaming companies in the state.

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

Group of Attorneys Push Against NJ’s PILOT Bill Decision

The casino industry in New Jersey has been up and running for decades. All of the casinos in this state are located in Atlantic City, long-considered the country’s premier gambling destination on the East Coast. 2020 took a serious toll on the casinos in this city and some feared many of the casinos here would be forced to close permanently.

Last year, officials in the state presented a new bill called the payment-in-lieu-of-tax (PILOT) bill that aimed to cut down on the taxes New Jersey’s casinos would need to pay. The most notable part of the bill was removing online gambling from the revenue paid by these venues. Superior Court Judge Joseph Marczyk decided to vote against this bill, arguing it goes against a 2018 agreement in which casinos agreed to pay taxes on their igaming earnings.

This week, a group of attorneys in New Jersey announced they are looking to appeal Marczyk’s decision. Not everyone feels this appeal process will go as planned. Atlantic County Executive Dennis Levinson believes this is simply an attempt to delay NJ’s PILOT bill decision.

“It’s just a tactic to delay the process. These things are typically not granted,” Levinson said. 

The decision by Marczyk does not mean that this PILOT bill is being struck down. It simply adds a few more steps for lawmakers to give it formal approval. This bill is now going to Atlantic County Assignment Judge Michael Blee where another decision will be made.

Atlantic City Casinos Reveal Major Improvements

New Jersey is still home to one of the most successful casino industries in the United States. Atlantic City draws in millions of tourists from around the country every year. The casinos here saw major success in 2021, yet analysts remain torn as to how these properties will fare this year.

Rising inflation rates and a major conflict in Europe have taken a toll on the US economy. As a result, fewer people are making the trip to gambling destinations. It’s unclear when exactly the economy will begin to improve, leading some to believe that casinos are in for yet another difficult year.

The casinos in Atlantic City are still doing their best to bring in as many tourists as possible. Many are choosing to undergo major upgrades as a way to accomplish that goal. That includes Ocean Casino Resort, which recently unveiled a $5 million improvement to its sportsbook this week.

Hard Rock Atlantic City has been undergoing some major renovations, too. This property has been one of the most successful in New Jersey for many years. It is owned by Hard Rock International and has posted solid revenue figures over the last few months.

NJ’s PILOT bill could help to improve the situation for the casinos in this city. It’s unclear when exactly this bill will go into effect, though. We’ll continue providing updates on how the casino industry here is faring over the next few months.

The Las Vegas Casino Industry Continues to Expand

The casino industry in Las Vegas remains the biggest and most successful in the United States. It’s here that many multi-billion dollar gambling properties are located. Like Atlantic City, Las Vegas found tremendous success throughout 2021.

This city’s gaming industry continues to expand. Many gambling companies have been working hard to expand in this city. That includes the aforementioned Hard Rock International, the company that recently agreed to purchase The Mirage from MGM Resorts International.

Companies are opening new properties in this city soon, too. Station Casinos is in the process of opening several new casinos here. It recently began construction on its new Durango Station casino, which is expected to be one of its hottest new properties in the southeast area of the city.

It appears that several new casinos will soon open on the Las Vegas Strip, too. The northern area of the Strip may soon host a major new resort.

What do you think of NJ’s PILOT bill? Do you think this bill will gain full approval from lawmakers before the end of the year? Let us know in the comments section below.

The Ocean Casino Sportsbook is Set for a Major Upgrade

Ocean Casino Resort Under Renovation Silver Background

One of the most popular casinos in Atlantic City is working hard to bring as many visitors as possible. This week, news broke that the Ocean Casino sportsbook is ready to reveal a $5 million upgrade. It’s exciting news for sports fans in the Northeastern US.

Ocean Casino has been going through some major changes over the last few years. Now is a great time to talk about what this property has planned over the next few months.

Let’s get into it!

Officials Reveal $5 Million Upgrade of Ocean Casino Sportsbook

A lot has been going on in Atlantic City over the last few years. The casinos in this city experienced major revenue surges throughout 2021. Executives within these gambling properties are now doing their best to attract tourists and gamblers over the next ten months.

Ocean Casino has seen fluctuating revenue figures over the last few years. This property managed to thrive in 2021 and is bracing for tourism surges heading into the spring months. It now seems focused on improving its hugely popular sports betting area, too.

Casino executives have just revealed a massive $5 million upgrade to the Ocean Casino sportsbook. The Gallery Bar, Book & Games will be opening soon, offering patrons a bar, table games, and a sportsbook. This comes as part of the casino’s larger $25 million renovation project that began last year. Ocean Casino General Manager Bill Callahan spoke to the media about these plans over the weekend.

“Ocean is dedicated to being the premier gaming destination in the Atlantic City market,” Callahan said. “This new venue will enhance the guest experience by providing an unbeatable atmosphere right in the heart of the casino floor.”

This is just one of many exciting casino projects taking place in Atlantic City right now. More are now pushing for smoking to be prohibited inside the city’s casinos. Could this happen in 2022?

Experts Predict a Smoking Ban is Coming to Atlantic City’s Casinos

Atlantic City, like almost all other casino hubs, allows smoking inside of its casinos. This subject has been looked at closer than ever since the pandemic began in 2020. Many groups, including workers inside the casinos, have been urging city officials to finally implement an outright ban on smoking inside casinos.

Many point to the major health risks that smoking poses to casino workers. Various anti-smoking groups believe that it’s long overdue to prevent smoking indoors inside casinos. Not everyone feels this will be beneficial to the city, though.

Certain lawmakers believe that prohibiting smoking will end up leading to decreases in tourism. This has been the case with certain casinos in Las Vegas. Upon banning smoking, these casinos almost immediately saw their tourism and gaming revenue figures drop.

Still, more experts are predicting that a smoking ban will eventually make its way to Atlantic City’s casinos. With public health being made a priority now than ever before, it seems inevitable. Casino lobbyists will do their best to prevent this from happening, yet it would not be a surprise to see this ban implemented before the end of the year.

Casinos are doing their best to adapt and improve. The Ocean Casino sportsbook upgrade is just one of many announced over the past two years. We’ll continue offering updates on how the casinos in Atlantic City are faring as the year continues.

New York Continues Pushing for New Casinos

New Jersey is without a doubt the most successful casino hub on the United States’ East Coast. These gambling venues help to bring a huge amount of revenue to the state every month. There is some concern amongst city officials that New York is working to compete with the gaming industry in Atlantic City.

New York has been rapidly expanding its gambling industry over the last few years. Sports betting has been legal here since 2019. The launch of online sportsbooks here in January was massively successful, turning New York into the new sports betting capital of the United States.

A growing number of business owners in New York want to see a casino open in New York City soon, too. This has been prohibited for decades. New York is hungry for tax revenue now and allowing a Class III casino in NYC would almost certainly help to increase tourism and revenue.

More casinos in New York City would be less tourism into Atlantic City. This is not going unnoticed by Atlantic City’s leaders. We’ll continue reporting on the growing competition between New York and New Jersey as the year goes on.

Are you excited to hear about the Ocean Casino sportsbook upgrade? Do you plan on visiting this property in 2022? Let us know in the comments section below.

The New Station Casinos Property is Now Under Construction

Durango Casino Under Construction Las Vegas Sign

Station Casinos has some big plans to expand its presence in Las Vegas. It seems the company is already getting started on several of these projects. Reports have confirmed that the new Station Casinos property is now officially under construction.

Many have been excited to see what this company plans to reveal this year. Now is a great time to look at some of the details surrounding Station Casinos’ most recent property to go under construction.

Let’s get into it!

Construction Has Begun on the New Station Casinos Property

Station Casinos is one of the most successful casino companies in Nevada. It was founded in 1976 and now operates a huge number of casinos around the state. The majority are located in the Las Vegas area and cater primarily to locals.

Officials within Station Casinos have been working to open several new casinos over the last few years. That includes one high-profile new property in Southeast Las Vegas known as Durango Station. The company claims this will be one of its most impressive new casinos to date and has been working to begin construction for months.

Reports surfaced this week claiming that construction on the new Station Casinos property has finally begun. Construction crews have been seen at the site of this new casino, just south of the 215 Beltway. Analysts are curious if this $750 million property will be complete before the end of 2023.

More details on this exciting property are now coming out. It will feature a hotel with more than 200 rooms, four restaurants, and a resort-style pool. Gambling fans will be happy to hear that this property will also feature more than 73,000 square feet of casino space.

More updates on the opening of this venue will come out over the next few months. We’ll be sure to report more on this exciting new property as the year goes on.

Analysts Forecast Lower Tourism Rates to Las Vegas This Year

The twelve months of 2021 were hugely successful for the casino industry in Las Vegas. That was great news for the casinos in this city, all of which struggled tremendously in 2020. Analysts have gone back-and-forth as to how the casinos here will fare in 2022.

At the start of the year, it seemed as if Las Vegas was set for another record-breaking year. The global pandemic has been coming under control and many states have been removing their health restrictions. The hope was that this would lead to increases in tourism.

Many are now casting doubt as to if this city will be successful this year. Rising inflation and a new war in Ukraine have yet to further drops in the stock market and increases in oil prices. This is already having an impact on the economy and appears far from over.

It’s difficult to predict exactly how this situation will unfold. If indeed this situation has a major impact on the US economy, there is reason to believe that fewer individuals will make the trip to Las Vegas this year. That will result in lower revenue figures for the casinos operating in the city.

Several new properties will be opening here that could help to fuel tourism. The new Station Casinos property is now under construction and several more are likely to open their doors here over the next two years. Stay tuned for gaming revenue reports as the year continues.

States Report Casino Revenue Increases in February

The US casino industry is still finding success, despite the unusual situation affecting the US economy. States around the country have recently begun releasing their revenue reports for the month of February. Some have been surprised to find that casino revenue increased in many states last month.

Maryland is one state to experience impressive revenue growth last year. The six casinos operating in this state managed to bring in $162,965,304 in February. That represents a massive 29% increase when compared to February of 2021.

Ohio also reported some impressive revenue gains over February. The casinos here reported $75.2 million in GGR, representing an 11.3% increase from February of 2021. Casey Clark, Senior Vice President at the American Gaming Association, spoke to the media about these gains earlier this week.

“If we look at where 2021 went, beginning with a lot of uncertainty and ending with the greatest year on record for commercial gaming it makes sense that that momentum’s continued into January and February and I’m glad to see Ohio doing so well,” Clark said. 

Are you excited to hear that construction on the new Station Casinos property has begun? How will Las Vegas fare in 2022 compared to last year? Let us know in the comments section below.

Official Push to Begin Atlantic City Casino Upgrades

Atlantic City And New York City Casino Gambling Background

For many years, Atlantic City has been home to the most successful casino industry on the East Coast. The growing gambling industry in New York threatens that status, though. This situation has led many executives to push for Atlantic City casino upgrades to begin.

Atlantic City remains a very popular gambling hub and officials here want things to remain that way. Now is a great time to look at some of the casino improvements that could take place here soon.

Let’s get into it!

Executives Call for Atlantic City Casino Upgrades

The casino industry in New Jersey was forced decades ago. Atlantic City grew quickly, drawing in a huge number of residents from neighboring states to its popular casinos. The success of the state’s casino industry has fluctuated over the past few decades and is coming off its best-ever year in 2021.

Lawmakers in New York have begun pushing hard to allow new forms of gambling over the last few years. The first online sportsbooks went live in this state in early January. They broke an all-time monthly handle record in that first month of operating and many officials in New York are now pushing to allow new casinos, too.

This has led more executives in New Jersey to push for Atlantic City casino upgrades. City officials also want to see general infrastructure improved as a way to draw in more tourists. That includes Atlantic City Mayor Marty Small, who spoke about the necessary city improvements to the media this week.

“We need to see some funding from the state and some real planning from the city,” Small said. “The streets need to be paved. There needs to be more light. There needs to be more police on the streets.”

Many of the casinos here have been undergoing renovations over the past two years. Most experts predict more of these renovation projects to be announced over the course of 2022. Stay tuned for more updates on these projects as the year goes on.

More Officials Call to See a Casino in New York City

Up until fairly recently, New York was considered a largely anti-gambling state. State officials worked to prohibit basic forms of gambling for decades. A law was passed in 2013 to allow commercial casinos in the state and the first regulated sportsbooks arrived here in 2019.

New York lawmakers are working hard to generate more tax revenue right now. Allowing more regulated gambling options is a great way to achieve that goal. Growing the state’s casino industry, in particular, is a priority for many lawmakers.

A growing number of state officials now support a casino in New York City, too. There are currently no Class III gambling venues in the city. Many casino operators were quick to express interest in opening the first casino in the Big Apple.

Many steps would need to be taken in order for casino plans like these to gain approval. That includes approval from voters in the state. Support for these plans is increasing, though, leading many to believe that construction on this NYC casino could begin before the end of 2022.

Gambling revenue figures are being released around the country for the month of February. Below is a quick look at how much money different states have brought in last month.

Breaking Down the Latest US Gambling Revenue Reports

The entire US gambling industry managed to thrive over the course of 2021. That came as a slight surprise to some, as 2020 was the worst year in history for this industry. Analysts are now torn as to how 2022 will be for this industry.

The pandemic seemingly becoming under control seemed to indicate that things would continue to improve for various gambling operators around the country. Russia’s invasion of Ukraine has once again led to drops in the US stock market. This is an ongoing situation with potentially major implications for the US economy, depending on how things play out.

February still proved to be a solid month for many state gaming industries. Over in New York, online sportsbooks managed to bring in $91.7 million in gross gaming revenue. A total of $1.54 billion was wagered through these online sportsbooks over the month.

West Virginia is one of the only other states to already release gaming revenue reports for February. Betting handle in February came out to $222,235,429 here. This marks a more than 15% increase from January and an even larger year-on-year increase.

Officials want to see Atlantic City casino upgrades this year. Do you think New York’s growing gambling industry will affect the one in New Jersey? Let us know in the comments section below!

Nevada’s Gambling Tax Reporting Limit May Soon Increase

Las Vegas Sign Green Arrow Gambling Background

For many years, gamblers in Nevada that win a certain amount of money have been required to report those earnings to the IRS. Rising inflation seems to have changed how state officials view this situation. New reports have surfaced claiming Nevada’s gambling tax reporting limit is likely to increase soon.

State officials have been discussing this move for years. Support for this decision has only intensified over the past few months.

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

Officials Discuss Raising Nevada’s Gambling Tax Reporting Limit

Nevada has been the world’s gambling hub for many years. It’s here that many of the best casinos are currently based. Many are located in the city of Las Vegas, which regularly draws in more than 40 million tourists every single year.

Gamblers that earn over $1,200 in Nevada are legally obliged to report those earnings to the IRS. That threshold has been set in place since 1977. Officials are finally taking a closer look at this rule, arguing it is long overdue to raise Nevada’s gambling tax reporting limit.

A bipartisan bill has been introduced in the state that would raise this limit from the current $1,200 to $5,000. This bill, known as the Shifting Limits on Thresholds, is already gaining major support. Officials believe it will bring in more tourists and is far fairer when considering the rising inflation around the country. Virginia Valentine, president of the Nevada Resort Association, spoke about this new measure to the media this week.

“It’s incredibly overdue and will be a welcomed move by guests and the resort industry as it reduces paperwork and streamlines the process for certain jackpots,” Valentine said. “Any time you can make a process smoother and more efficient, it enhances the overall customer experience and increases the likelihood of a return visit.”

Both residents in Nevada and tourists will likely support this move, too. We’ll be sure to report more on the bill’s progress through the state legislative process over the next few months.

Nevada Continues Posting Impressive Revenue Figures

The casino industry in Nevada is the most profitable in the world. The casinos here struggled in 2020, yet experienced a massive bounce back in 2021. The second month of 2022 has just wrapped up and the casinos here appear to be thriving.

Reports on gambling revenue in Nevada over January have just surfaced. Many analysts expected the state to report solid earnings. Some were surprised to see just how much money the casinos in this state earned.

Nevada’s casinos earned nearly $1.1 billion in January. This marks the 11th-straight month that the state’s casinos broke the $1 billion number. It’s hugely impressive when considering January is not typically a huge month for the casino industry.

As the warmer spring and summer months approach, tourism into cities like Las Vegas will increase. This will lead to more revenue figures for the state. 2021 was the best year in history for the casino industry in Nevada and all signs point to 2022 being even better.

Nevada is not the only state to report impressive revenue gains already this year. Let’s take a quick look at how some of the other major gambling hubs around the country are faring right now.

More States Report Revenue Figures for January

A growing number of states are beginning to truly embrace various forms of gambling. State leaders are recognizing how much revenue can be earned from this industry. Both casino gambling and sports betting are helping to bring many areas of the country a huge amount of tax revenue each month.

Over in New Jersey, the casinos won a staggering $380 million. These casinos are all based in Atlantic City. New Jersey is also one of the country’s true sports betting hubs and continues to see a huge amount of money flowing in from this industry every year.

Neighboring New York recently allowed for the launch of its first online sportsbooks. In its first few weeks of operating, these sportsbooks saw more than $1 billion in bets flow in. This has resulted in New York being named the sports betting capital of the US and will likely see even more impressive revenue figures over February.

Tourism into major casino hubs is likely to increase over the next few weeks. Nevada’s gambling tax reporting limit being lowered will likely help with this. Expect to see more impressive revenue figures flowing in over the next few months.

Do you support Nevada lowering its gambling tax reporting limit? Will this help the state draw in more tourists? Let us know in the comments section below!

Nevada’s Esports Betting Options are Set to Expand

Esports Player In Red Background

The state of Nevada is constantly looking for new ways to expand its gambling industry. Lately, officials have taken a closer look at the rapidly-growing Esports betting fan base that exists in the state. One group is now pushing hard to expand Nevada’s Esports betting options this year.

2022 is already shaping up to be a very exciting year for Nevada. Now is a great time to talk about some of the ways that Esports betting could become more readily available here.

Let’s get into it!

Committee Aims to Expand Nevada’s Esports Betting Options

Nevada has been at the forefront of gambling expansion since the 1950s. This state remains the gambling capital of the world, home to some of the best casinos operating today. The majority of these world-class casinos in Las Vegas sit on the Strip.

Esports has grown consistently more popular over the last few years. Nevada has turned into somewhat of an Esports hub in recent years, too. Various state officials recognize this fact and are hearing more calls for legal and regulated Esports gambling platforms to become available in the state.

This week, an advisory committee called the Esports Technical Advisory Committee met to discuss the possibility of expanding Nevada’s Esports betting options. This group wants to better understand the pros and cons of allowing more Esports wagering options in the state. Committee Chairman Paul Hamilton spoke about this situation to the media and claims he wants to ensure that those interested in betting on Esports are protected when they do so.

“I think that’s going to take a little while, but I think the meetings probably start to evolve into commentary and discussion among the board on how do we move forward,” Hamilton said. “Do we agree with what we’re hearing and, if so, what does that actually mean? The ultimate goal is to get esports regulated and the ability to gamble on it safely… We should be at the top and doing it right and do things that make everyone proud. Most importantly, it’s for the consumer to feel safe and also for the facility (casino) to feel safe.”

There is no doubt that Esports betting is still in its infancy. Fortunately, state officials in Nevada are already looking at ways to better regulate this industry. Stay tuned for updates on the state’s growing acceptance of Esports gambling as the year goes on.

Nevada’s Latest Sports Betting Handle Broke a New Record

Nevada was, for many years, the sports betting capital of the United States. Prior to 2018, it was the only state in the country legally able to provide sports betting options. That is no longer the case, yet Nevada continues to post very impressive revenue figures from its regulated sportsbooks every month.

This past January proved to be yet another record-breaking month for the state’s sports betting industry. For the fourth month in a row, Nevada’s sports betting handle surpassed $1 billion. Just over $1.1 billion was wagered on sports online and in-person in this state.

These numbers represent a 9.3% handle increase when compared to December of 2021. They also represent a massive 71.6% increase compared to January of last year. Over 70% of all the sports wagers placed in this state were made online.

Nevada did not see the largest monthly sports betting handle in the country, though. That title belongs to New York, which saw $1.69 billion in total handle. That is an impressive achievement when considering the sportsbooks in the state were not even operating for an entire month.

There is no doubt that Nevada remains the country’s casino hub. Many companies are now working to break into this state. Now is a great time to take a look at some of the latest shake-ups with the state’s casino industry.

Casino Companies in Las Vegas Anticipate Revenue Surges

Las Vegas is home to the world’s most impressive casinos. 2021 proved to be a fantastic year for the casino industry in this city and others in Nevada. As a result, many companies have worked to break into the Las Vegas casino market in 2022.

Hard Rock International has finally secured a casino on the Las Vegas Strip. This major gaming operator agreed to purchase The Mirage from MGM Resorts for just over $1 billion. This marks the company’s first gambling property on the Strip.

Apollo Global Management has broken into Las Vegas, too. This company recently finalized its purchase of The Venetian from Las Vegas Sands. This is one of the larger casino sales to take place in Las Vegas in the past decade, yet Apollo does not plan to change the operations within The Venetian.

Most gaming analysts are expecting very impressive revenue figures in Las Vegas this year. Of course, events such as rising interest rates and a growing conflict in Europe have the potential to cause issues. We will provide more updates on how the gaming operators here are faring as the year continues.

Are you excited to hear that officials want to expand Nevada’s Esports betting options? Will this be the next big thing in the state’s gambling industry? Let us know in the comments section below.

Nevada’s Gaming Revenue Over January Surged Once Again

Las Vegas Nevada Sign Big Pile Of Money

The gambling industry in Nevada is showing no signs of slowing down anytime soon. New reports have just surfaced that indicate Nevada’s gaming revenue surged again over the month of January. Now is a great time to talk about exactly how much money the state’s gaming operators brought in over the month.

The country’s casino and sports betting industry is already thriving this year. Many states are working hard to expand their number of gambling options.

Here’s what you need to know!

Breaking Down Nevada’s Gaming Revenue Figures for January

Nevada has long been the country’s largest gambling destination. It’s here that some of the most profitable casino and sports betting companies are based. These companies struggled tremendously throughout 2020, yet saw an incredible bounce back throughout 2021.

It is now looking as if 2022 will be an even better year for the gambling industry in Nevada. Tourism into the state has already been increasing. Casinos on the Las Vegas Strip are beginning to anticipated major surges of visitors leading into the warmer spring months.

This week, we learned more about Nevada’s gaming revenue figures for January. Incredible, gambling revenue across the state surpassed $1 billion for the 11th-straight month. The Gaming Control Board released these revenue reports, showing that the casinos brought in nearly $1.1 billion in GGR, representing a more than 41% increase when compared to January of 2021.

It should come as no surprise to see the Las Vegas Strip accounts for the majority of this revenue. This area of the city reported $567.2 million in GGR. What is most incredible is the fact that these revenue figures were earned even with the lower-than-usual tourism due to the Omicron variant.

The impressive revenue figures here likely indicate that 2022 will be a great year for Nevada’s gambling industry. How will the casinos here fare when compared to in other parts of the country?

More States Release Revenue Reports for January

January tends to be a somewhat slow month for the US gambling industry. The holidays have ended and many are looking to save their money after an expensive December. Incredibly, many states are already reporting very impressive revenue gaming revenue figures for the month of January.

It’s clear that Nevada’s gaming revenue over January surged. This state experienced major increases in its casino and sports betting revenue compared to the same month a year prior. It is far from the only state to experience revenue surges, though.

New York also posted very impressive gaming revenue figures over the month. This state launched its first online sportsbooks in early January. In just their first 30 days of operating, these sportsbooks managed to generate more than $70 million in tax revenue for the state.

Pennsylvania is home to one of the largest casino industries in the Northeastern United States. This past January, the casinos here managed to bring in $393 million in total gross gaming revenue. That is more than $5 million than the previous record set last October.

Most experts are expecting to see even more impressive revenue figures over the month of February. Stay tuned for more updates on the revenue figures here over the rest of the year!

More Las Vegas Casino Sales Have Been Finalized

Las Vegas is where many of the world’s most powerful casino companies are based. That includes companies such as MGM Resorts International, Wynn Resorts, and Las Vegas Sands. Many of these companies have been involved in major casino sales in Las Vegas over the last few years.

Las Vegas Sands has just finalized its sale of The Venetian. The company sold this famous property to Apollo Global Management for an astounding $6.5 billion. Much of the casino’s operations will remain the same, yet the new owners have hinted at upcoming renovation projects.

MGM Resorts International agreed to part ways with The Mirage recently. It sold this property for just over $1 billion to Hard Rock International. Shortly after this sale, MGM revealed it was purchasing The Cosmopolitan with the deal yet to be completed.

Several of the other major casino companies here have hinted at upcoming sales and purchases. Many gaming operators are doing their best to break into the Las Vegas casino market. All signs point to this city having its best year to date in 2022.

Nevada’s gaming revenue over January broke $1 billion once again. Do you expect these impressive revenue gains to continue over the rest of the year? Let us know in the comments section below.

The Venetian Las Vegas Sale is Now Complete

Sold Venetian Palazzo Background

Las Vegas is home to many of the biggest and best casinos in the world. That includes The Venetian, which opened its doors on the Las Vegas Strip back in 1999. This week, reports confirmed that The Venetian Las Vegas sale by Las Vegas Sands has been completed.

This is one of the biggest casino sales to take place in Las Vegas in years. It’s far from the only one to happen in recent times, though.

Here’s what you need to know about the sale of this beloved casino.

Las Vegas Sands Completes The Venetian Las Vegas Sale

Most of the world’s biggest and most expensive casinos are located on the Las Vegas Strip. The Venetian opened its doors on the Strip in 1999 and immediately became one of the most popular resorts in the city. It has been owned and operated by Las Vegas Sands since its grand opening, yet this company has been working to tell the property for more than a year.

Las Vegas Sands has been struggling since the mass casino shutdowns in March of 2020. The company’s revenue figures remained low throughout 2020, yet began to increase in 2021. Executives have told the media that plan to sell many of their US properties in order to focus more on their operations overseas.

Updates on The Venetian Las Vegas Sale have been appearing over the last few months. This week, news broke that this massive casino deal has finally been completed. Las Vegas Sands has agreed to part ways with this venue, handing it over to Apollo Global Management for $6.25 billion.

Las Vegas Sands Chairman and CEO Robert Goldstein spoke about this sale to the media and reflected on the impact this venue has on the company.

“The opening of The Venetian more than 20 years ago represents the beginning of the company’s success,” Goldstein said. “The property, and most importantly, the people who represent it every day will always remain indelible parts of our history.”

This is a huge deal, yet things are unlikely to change much with this property. The name and overall operations will likely remain the same. Apollo Global has, however, confirmed that some new changes such as renovations may be coming to the venue. Stay tuned for updates over the next few months.

More Las Vegas Casino Sales Will Take Place This Year

Many analysts were surprised to first hear about The Venetian Las Vegas Sale. This is one of the biggest casino sales in US history. It now seems likely that more major casino sales will be taking place in Las Vegas over the next couple of weeks.

MGM Resorts International has already been involved in several of these major sales. This company agreed to sell The Mirage to Hard Rock International for just over $1 billion. This marks the first time that a tribal group owns and operates a major casino on the Las Vegas Strip.

MGM Resorts is also interested in buying. This company chose to purchase The Cosmopolitan last year for $1.6 billion, yet the deal has not been finalized. It’s a major purchase and came shortly after the announcement of The Mirage sale.

Caesars Entertainment and Bally’s Corporation have big plans for the city, too. Both companies have announced major acquisitions as of late. Both also appear interested in renovating several of their most popular casinos in Las Vegas.

2022 is already shaping up to be a very interesting year for the US casino industry. We’ll be sure to provide more information on the sales and major casino projects in the city over the next couple of months.

Will Nevada Legalize Online Casino Gambling This Year?

Nevada is home to more casinos than any other state in the country. Many groups have been calling on lawmakers to allow online casinos in this state in recent years. Various casino executives have pushed against this idea, arguing it will take away from revenue earned at land-based casinos.

Sentiment toward this subject seems to be changing, though. A growing number of casino executives believe that there is a major upside in the legalization of online casino gambling. The main upside is obviously the major revenue this would bring to these companies and the state.

MGM Resorts CEO Bill Hornbuckle is one man that now supports this move. He claims that it will help to benefit casino companies and help to bring a huge amount of tax revenue to the state. New Jersey is a good example of how successful online casino regulation can be.

It remains unclear if this is something that state lawmakers will focus on this year. There are other subjects likely higher on the priority list. It would not be a shock to see online casinos launch in this state within the next couple of years, though.

What do you think about The Venetian Las Vegas sale? What other casinos do you expect will go up for sale in Las Vegas this year? Let us know in the comments section below.

Officials Discuss the Pros and Cons of an Atlantic City Casino Smoking Ban

Job Losses Smoking Ban Atlantic City Casinos

For many years, officials within Atlantic City have been pushing hard to finally prohibit smoking inside casinos. Several groups have pushed against this idea, claiming it will hurt the city in the long run. Analysts are now debating the pros and cons of an Atlantic City casino smoking ban.

A lot has been going on with the gambling industry in New Jersey lately. Now is the perfect time to discuss why many are pushing against the smoking ban in Atlantic City.

Let’s get into it!

Experts Continue to Discuss an Atlantic City Casino Smoking Ban

Atlantic City has been the most profitable casino hub on the East Coast for decades. It has seen its ups and downs in recent years, particularly throughout 2020 when many of the city’s casinos are forced to shut down. Things turned around in 2021 and the casinos here thrived.

With health regulations being looked at closer than ever, many have begun to push for an outright ban on smoking inside the city’s casinos. More officials believe this is necessary to protect workers inside these casinos. Not everyone feels this measure should be set in place, though.

Gambling research firm Spectrum Gaming Group has released a new report that details the effect of an Atlantic City casino smoking ban. This report supports the words of casino executives that claim this ban will hurt their businesses. Some were surprised to find that a smoking ban like this one would result in 2,500 lost jobs in the city.

Nicole Vitola, a dealer inside Borgata, claims a smoking ban is still necessary for the health of workers in the city.

“[Workers] cannot continue to choose between our health and a paycheck,” Vitola said. “This study, paid for by the casino industry, shows once again that they care more about outdated business practices than they do about the lives and health of their workers. Casinos’ blatant disregard for our well-being is disgraceful, especially after they just received tens of millions of dollars in tax breaks from the state.”

It’s a complicated issue, yet casino companies in Atlantic City will continue to push against any smoking ban in the city. Stay tuned for more information on a smoking ban here over the next couple of months.

New Jersey’s Sportsbooks Face New Competition

The casino industry in New Jersey has been around for decades. The sports betting industry here has only been up and running since 2018. It quickly turned into one of the most successful sports gambling industries in the United States.

New Jersey’s sportsbooks thrived throughout 2021. The sports gambling operators in this state broke several monthly revenue reports last year. Recently, these companies have started to face an increase in competition from neighboring states.

This is primarily coming from New York. Officials in New York gave permission for online sportsbooks to go live in the state in early January. In just the first couple weeks of operating, these sportsbooks reported a handle of more than $1.62 billion.

There is no doubt that these online sportsbooks are taking away from the revenue earned at the online sportsbooks in New Jersey. The sportsbooks in nearby Maryland and Pennsylvania are seeing very impressive revenue figures, too. 2022 is expected to be the year that several more states choose to legalize sports gambling.

The casinos in Atlantic City are still the most successful ones in this region. It will be interesting to see if an Atlantic City casino smoking ban has an impact on the entire gaming industry in the city. We’ll be sure to provide updates as the year continues.

US Casinos Report Slight Revenue Drops in January

The US casino industry found tremendous success in 2021. It was a welcome development when considering how difficult things were for these casinos in 2020. Analysts are now trying to debate how the country’s casino industry will fair in 2022.

January is not proving to be a very successful month for the casino industry. Several states reported revenue declines over the month. Some started to see larger revenue declines than other states.

The gambling industry in Illinois reported fairly large revenue declines over the month. The Illinois Gambling Revenue Board reported just $78 million in January. That represents a 25.1% decrease compared to January of last year.

Casino revenue in Massachusetts dropped in January, too. The casinos in this state reported just $82,403,366 in total gross gaming revenue. That is a fairly large 13.9% revenue decline when compared to December of 2021.

Officials are looking more at a possible Atlantic City casino smoking ban. Do you think this measure will eventually be approved? Let us know in the comments section below!

The Northern Las Vegas Strip is Seeing an Increase in Tourism

Las Vegas Strip Heart Rate Monitor Stratosphere

Las Vegas is home to the world’s biggest and most impressive gambling venues. The majority of these world-class casinos are located on the Las Vegas Strip. New reports are beginning to indicate the Northern Las Vegas Strip is starting to see a major uptick in tourism.

2022 is expected to be a massive year for this city. Now is a great time to talk about which venues in the Northern Strip area might benefit from an increase in tourists.

Let’s get into it!

Tourism is Increasing at the Northern Las Vegas Strip

Historically speaking, the southern and mid-areas of the Las Vegas Strip have drawn in the most tourists. It’s in this area where beloved casinos such as Planet Hollywood, Mandalay Bay, and Caesar’s Palace are located. Tourism and revenue in these areas have remained very high over the last couple of decades.

This is not the only part of the Strip that is seeing impressive tourism surges, though. The northern area of the Strip has begun to see major increases in tourism in recent years. This is largely due to the opening of new casinos, including Resorts World Las Vegas.

New reports have recently begun to surface that discuss the growing popularity of Northern Strip casinos. Many of these properties including Resorts World, The Strat, and Sahara Las Vegas have started seeing big surges in tourism. Resorts World Las Vegas President and Chief Executive Scott Sibella spoke to the media about the growth of this area of the city earlier this week.

“There’s a lot going on down here. In five years, I think this will be the hot side of the Strip and the heart of Las Vegas,” Sibella said. “These projects typically take about five years. There’s a couple of years of design and development and maybe I should have said something different. It’s a couple of years of design. So I think we are a couple of years away from actually being able to answer what that project and budget will look like.”

2022 has just begun and Las Vegas is already seeing impressive revenue figures. Here’s a quick look at how this city’s casinos might fare over the next few months.

Las Vegas Casinos Prepare for Revenue Increases

The entire city of Las Vegas has been thriving over the past year. That is fantastic news, as this city seemed to be struggling immensely throughout 2020. The casinos here were shut down for months out of 2020 and tourism into the city remained extremely low.

Some major changes have been taking place in this city as of late. MGM Resorts International has been involved in several major casino sales here. That includes the sale of The Mirage to Hard Rock International for just over $1 billion.

Las Vegas Sands has been involved in some major sales, as well. Its high-profile sale of The Venetian to Apollo Management has just been given approval. This is a major decision for the company, which claims it plans to focus more on its operations overseas.

Many companies are working to break into the Las Vegas casino industry. Just about all analysts are expecting massive amounts of gambling venues to flow into this city over the next ten months. The summer months, in particular, should prove to be some of the best in history for the city’s casino industry.

The Northern Las Vegas Strip will benefit from a surge in tourism. We’ll be sure to continue reporting on the revenue increases here over the next few months. Stay tuned for updates!

Downtown Las Vegas is Set to Welcome New Casinos Soon

The Las Vegas Strip is not the only area of Las Vegas home to a huge number of popular casinos. Downtown Las Vegas is its historic center and is also home to many casinos. Gambling revenue in the Downtown area increased rapidly in 2022 and many companies are now pushing hard to open new casinos here.

That includes Station Casinos. The Fertitta-owned company is known as one of the largest casino operators in the city. Not long ago, company officials revealed plans to open a new gambling venue in the Downtown area.

Station Casinos is also interested in opening a new casino in the Southwestern area of the city. This property, known as Durango Station, is expected to be a major hit with locals in the area. Many are hopeful to see this venue go under construction this year.

Several popular properties such as Golden Nugget and Circa Las Vegas are already posting impressive revenue gains in 2022. Circa is home to one of the most impressive sportsbooks in the city. This property alone should help to boost Downtown Vegas’ profile in the coming years.

Do you think the Northern Las Vegas Strip will succeed in 2022? Will the casinos in this city break new revenue records this year? Let us know in the comments section below.