Atlantic City’s Tourism Rates Could Soon Begin to Surge

Atlantic City Casinos

Atlantic City, like all other major casino destinations, is continuing to work on bringing in more tourists. It hasn’t been easy lately, yet there are some signs that things are beginning to improve. New reports claim we could see a major surge in Atlantic City’s tourism rates soon.

That’s fantastic news for the casino companies here. Many of the other non-gaming businesses that rely on tourism have reason to be excited. Today, we’ll discuss what will help Atlantic City bring in more visitors.

Here’s what we know!

New Jersey’s Sports Betting Industry is Still Thriving

New Jersey was one of the first states to formally legalize sports betting after PASPA was struck down in mid-2018. This has proven to be a fantastic decision for the state. This industry is helping to bring New Jersey an extraordinary amount of revenue each month.

Amazingly, these revenue figures seem to be increasing. The state set new sports betting handle records throughout 2020. It now seems destined to do the same in 2021. January proved to be a very successful month for the casinos in Atlantic City that operate sportsbooks.

These sportsbooks managed to bring in a total of $86.2 million in revenue that month. In total, $958.7 million was placed on sports in January. That includes both land-based and online sports wagers. The latter is proving to generate far more revenue.

New Jersey is now closing in on a historic $1 billion sports betting handle. Most analysts now feel that this state is the sports betting capital of the US. It is drawing in a huge number of sports bettors from New York who only need to cross into the New Jersey border to make bets on their favorite teams and players.

New York is currently looking into the legalization of online sports betting. This would likely result in a slight drop in New Jersey’s monthly revenue figures. It will take a lot for any state to surpass New Jersey’s industry, though.

Sports betting is helping many companies in New Jersey cope with the drop in tourism. Fortunately, it seems that a surge of new visitors to this city could be just around the corner.

Here’s Why Atlantic City’s Tourism Rates Could Soon Increase

Atlantic City is a city that relies heavily on tourism. When the casinos shut down in March of 2020, many of the businesses here immediately began to suffer. Tourism rates have been slowly increasing here over the past few months.

Land-based revenue is still far behind what it should be, though. Casinos are doing what they can to change this trend. Until the city sees a major surge of tourism, however, the revenue earned from brick-and-mortar casinos will remain low.

There are many that now believe tourism rates in Atlantic City are about to surge. Recently, Stockton University’s Lloyd D. Levenson Institute of Gaming, Hospitality and Tourism conducted a poll asking people if they planned to visit Atlantic City. The results are giving the companies in this city reason to celebrate.

More than 70% of those polled revealed they expected to make a trip to this city in 2021. Over 42% claim they have already made a trip here. As more restrictions are lifted, more people around the country are becoming interested in visiting this casino hub.

Jane Bokunewicz, one of the coordinators of this poll, offered some insight into what is leading to this tourism boost.

“The casinos and other dining and entertainment venues have done a good job implementing COVID-19 safety measures while also still providing the experiences visitors expect when they come to Atlantic City,” she said. “Even as restrictions are gradually lifted, and more people get a vaccine, the venues will still have to demonstrate that they are taking all necessary precautions to make visitors feel welcomed and safe.”

Will Atlantic City see 2019-level tourism rates soon? Probably not. If all goes according to plan, however, there will be a significant boost in tourism here over the next few months.

Las Vegas Casinos Prepare for Easing of Restrictions

Atlantic City isn’t the only major casino hubs with high expectations. Over in Las Vegas, casino companies are preparing for a new wave of tourism over the summer. If all goes according to plan, Governor Sisolak will once again announce a new easing back of the regulations here.

This is looking more likely every day. In mid-February, Sisolak began allowing casinos in Las Vegas to begin operating at 35% capacity. Restaurants can also now begin operating without requiring reservations.

Sisolak continues to ease back on restrictions. Much like Atlantic City, this is resulting in a major tourism boom. If infection rates continue to drop, many of the most popular entertainment options in Las Vegas will be given permission to resume, as well.

There are some exciting venues scheduled to open their doors in this city soon. That includes the Virgin Hotel-Casino. Virgin has invested a tremendous amount of money into this casino and hope its opening will help to boost tourism in las Vegas.

Resorts World Las Vegas will be opening its doors this summer. At $4.2 billion, it is the most expensive casino-resort even built in Las Vegas. There will be many interested in seeing this new venue open after years of construction.

Do you expect to see tourism rates in Atlantic City increasing soon? Let us know in the comments section below!

More State Residents Push to Allow Legal Casinos in Texas

Texas State Flag

For months, there has been an ongoing discussion on whether or not to begin allowing casinos to operate in the state of Texas. Many, particularly lawmakers, are torn on the subject. New reports claim that a growing number of state residents are now pushing to allow legal casinos in Texas.

Many analysts now feel that allowing casinos will help to bring the state a huge amount of revenue each year. It could also help to keep more money from flowing into neighboring states with casino industries up and running. Now is a great time to talk about what could lead to casinos being legalized here soon.

Let’s get into it!

Las Vegas Sands Continues Pushing Into Texas

The US gambling industry has been growing steadily over the past decade. Prior to 2020, casino revenue was surging around the United States. Many states began allowing new casino-resorts to open.

Of course, the events that unfolded in 2020 put a halt to much of this progress. For months, all casinos around the country were completely shut down. Most began reopening around the summertime, yet revenue figures were extremely slow to increase.

Despite the difficulties, Las Vegas Sands is continuing to make a push into the state of Texas. This isn’t easy when considering all casinos are completely banned here. Company officials are trying to convince lawmakers to finally change their stance towards this industry.

Things have been extremely tough for Las Vegas Sands in recent months. The company has been seeing extremely low earnings over the past twelve months. Longtime CEO Sheldon Adelson passed away earlier this year. LVS was even forced to sell The Venetian Casino-Resort in Las Vegas to focus more on operations in Asia.

Texas remains an extremely exciting market for some of the country’s biggest casino companies. Many feel that it’s time for the Lone Star State to update its gambling laws. That includes a huge number of residents.

There is some progress being made to finally allow casinos here. Unfortunately, several massive hurdles are in the way of the state’s casino industry launching.

Majority of Residents Support Allowing Legal Casinos in Texas

There are many states around the country that do not allow casinos. There are many reasons why this is. As the years go on, however, more parts of the country are taking a closer, more realistic look at this industry.

Texas has been known as one of the most anti-gambling states for years. It’s a shame, as several nearby states such as Louisiana and Oklahoma are home to a huge number of popular casinos. Lawmakers in Texas have simply pushed against allowing any casinos to operate in the state.

A new poll by The Dallas Morning News and the University of Texas at Tyler revealed that the majority of residents in Texas now support allowing casinos. 57% of those polled support casinos. Just 29% of those polled were against the legalization of casinos.

This isn’t completely surprising. An estimated $2.5 billion is spent on gambling operations in other areas of the country. Many residents here now recognize that fact and believe this money should stay within the state.

Many lawmakers are still pushing against the legalization of casinos. Even Governor Greg Abbott seems to feel this isn’t a pressing issue right now. It will be very interesting to see how things evolve with the gambling industry here over the next few months.

Texas could someday be home to a large casino industry. There are now many asking how things will play out in the country’s biggest gambling hub, Las Vegas.

Las Vegas May Bounce Back This Summer

2020 took a devastating toll on the entire US casino industry. Las Vegas was hit particularly hard because of the events that unfolded last year. The casino shutdowns here were forced to close their doors for months, leading to an almost complete stop of tourism.

Things are beginning to improve here, though. Tourism has been slowly increasing in Las Vegas throughout 2021. A drop in infection rates has led Governor Sisolak to remove certain restrictions that also help to boost tourism rates.

Some analysts believe that by summer, the city will be in the middle of a major comeback. Summer tends to bring the most tourists into Las Vegas. With effective vaccine distribution, many are likely to feel more comfortable making the trip to the country’s biggest casino destination.

Casinos here are already seeing an increase in revenue. Several recently began resuming their 24-hour operations. If infection rates continue to drop, more venues such as nightclubs and similar venues will be given permission to reopen.

There could be a huge comeback for the entire US casino industry. Gambling companies are certainly hopeful. We’ll be sure to report on more revenue earnings over the next few weeks.

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

More Officials Push to Allow Real Casinos in New York City

New York City Casinos

New York is home to a fairly large number of popular casinos. For several reasons, however, there are no real casinos in New York City currently operating. Many state officials are now taking issue with this fact and feel that things should change.

Analysts believe New York would benefit from expanding its gambling industry. The state has struggled to compete with many of its neighboring states in the casino and sports betting departments. Now is a great time to talk about how things could change here in the near future.

Let’s get into it!

New York Seems Close to Finally Allowing Online Sports Betting

The state of New York is well-known for having one of the most passionate sports fan bases in the country. Unfortunately, state leaders here haven’t capitalized on this fact. Lawmakers here have been hesitant to expand the sports betting industry here in any major way.

The first legal sports wager was made here in 2019. As of now, only land-based sports betting is available. That has made it difficult for sports betting operators to generate revenue with the events that have unfolded since March of 2020.

There has been a real push to allow online sports betting here lately. Analysts point to states such as New Jersey and Pennsylvania with regulated online sportsbooks up and running. These states are earning a massive amount of tax revenue from these internet gambling operations.

Officials in New York can no longer deny this fact. Even Governor Cuomo, who has been largely anti-online gambling over the years, seems to be embracing a change. He is actively in talks with other officials on how to safely launch the state’s online sports betting platforms.

This could end up being a game-changer for New York. It will almost certainly result in a major revenue spike. As of now, there is still no official date set for the state’s online sportsbooks to go live.

Many also feel that New York should begin to expand its casino industry. Here’s what we know about this situation.

Business Officials Push to Allow Real Casinos in New York City

The casino industry in New York has been steadily increasing since 2013. That year, state leaders began allowing commercial casinos to start operating. None were given permission to operate in New York City, though.

State leaders have long pushed against allowing Class III casinos in NYC. They believed these venues could cause a variety of unintended issues in the city. That idea seems outdated, however, when considering many of the successful casinos in other major US cities.

New York is beginning to realize that fact. Several prominent business leaders in different parts of the city are now supporting the push to allow real casinos in New York City. That includes leaders in The Bronx and Westchester County.

Most of the focus seems to be on allowing table games inside the Empire City Casino. This venue is one of the only ones in the city currently able to offer slot machines and other electronic games. There are now many that want to see this venue become a real, traditional casino.

Council member Shanae Williams believes this will end up bringing more money into Yonkers, where the Empire City Casino is located. “It would mean more money to help with a lot of different community projects, and I think that’s what we need right now in Yonkers,” she said. 

Governor Cuomo has shown a willingness to look into this idea. Of course, he is facing a variety of other issues at the moment that are likely taking his attention. We’ll be sure to offer more updates on any possible casinos in New York City over the next few months!

Atlantic City is Still in Recovery Mode

New York seems close to allowing many new gambling options. Over in New Jersey, the casino companies have a different focus. Rather than looking at expansion, these casinos want to simply get back to the way things were in 2019.

Atlantic City has been hit hard over the past twelve months. There are some clear signs that things are beginning to improve here. Revenue figures are still far below what was seen just a couple of years ago, though.

As infection rates drop, Governor Phil Murphy has slowly begun lifting restrictions on Atlantic City. This is giving the casinos here a little breathing room to attract players. Even major sports leagues are now making the move into AC.

News broke today that the Professional Fighters League plans to hold its upcoming tournament bouts inside the Ocean Casino-Resort in Atlantic City. These bouts will take place inside a “bubble” without any fans in attendance. It goes to show how far things have come here since last year.

Many believe February’s gaming revenue figures will break records. The Super Bowl likely brought an unprecedented amount of wagers. Hopefully, that money helps to keep the gambling properties here afloat during these difficult times.

Do you think we’ll see real casinos in New York City soon? Let us know in the comments section below.

The PFL’s Next Events Will be Held Inside an Atlantic City Casino

Ocean Casino Resort

The Professional Fighters League, one of the world’s biggest mixed martial arts promotions, is scheduled to make its highly-anticipated return this April. It now appears we know where the promotion’s events will be held. Reports have confirmed that the PFL’s next events will be taking place inside a popular Atlantic City casino.

It’s exciting news for fight fans to hear. This year’s PFL tournament is shaping up to be one for the ages. Today, we’ll talk about exactly when and where all of the action will be taking place.

Let’s get into it!

The PFL Continues to Reveal Upcoming Tournament Matchups

Running a successful mixed martial arts promotion isn’t easy. The UFC remains the most popular MMA league in the world and many of the ones attempting to compete end up going under. The PFL is finding success, however, thanks to its incredible roster of world-class talent.

The PFL continues to expand. It was forced to shut down throughout 2020 but is now planning to make a triumphant return this April. Recently, officials within the promotion have begun revealing some of the exciting matchups being planned. Many fans are now heading to different online sportsbooks to bet on these bouts.

Much of the focus is on the welterweight tournament. Some of the best 170-pound fighters in the world are taking part in this bracket of fights. Fans around the world are now beginning to make their predictions on how things play out. The currently-planned welterweight bouts can be seen below. 

  • Rory MacDonald vs. David Michaud 
  • Ray Cooper III vs. Jason Ponet 
  • Magomed Magomedkerimov vs. Joao Zeferino 
  • Gleison Tibau vs. Aleksei Kunchenko 
  • Sadibou Sy vs. Nikolai Aleksakhin

The lightweight tournament is coming together beautifully, too. The PFL is now home to many world-class 155-pound fighters. The April 23 clash between Anthony Pettis and Clay Collard should be one for the ages.

Once again, the winners of these tournaments will receive an incredible $1 million prize. With such a large payday available, fighters in the PFL tend to do everything they can to win. This makes for an amazing display of martial arts for fans around the world.

Many have been wondering about where these fights would be held with so many regulations around the US. Now, we finally have an answer.

Here’s Where the PFL’s Next Events Will be Held

The sports world has come a long way since the shutdowns back in March of 2020. In many ways, the UFC deserves credit for helping to get live sports back up and running. Against some serious backlash, this promotion proved that MMA events could be held in a safe, efficient manner.

Things are still far from easy, though. The UFC has been forced to hold all of its domestic events at the Apex Center in Las Vegas without any fans in attendance. There’s no telling when this will change.

We’re now hearing more about where the PFL’s next events will be held. Reports have confirmed that the promotion’s upcoming tournament bouts will take place inside the popular Ocean Casino-Resort in Atlantic City, New Jersey. As many predicted, these events will take place inside a “bubble” without fans.

This location seems to make sense. Atlantic City has been home to a huge number of massive combat sporting events in the past. There are plenty of venues operating here that can accommodate major MMA cards. Several PFL events were even held here in 2019!

Infection rates have been dropping throughout the US lately and many are hopeful that the global health crisis will be under much better control by the time April rolls around. In the meantime, the PFL will be looking to ensure its events are held safely and in the most entertaining way possible for fans.

Atlantic City is still struggling, though. Now might be a perfect time to look at some of the recent revenue figures here.

Breaking Down Atlantic City’s Latest Revenue Figures

New Jersey is home to the largest casino industry on the East Coast. Since March of last year, this industry has been hurting badly. Things have still not recovered since the mass casino shutdowns and year-on-year revenue figures continue to look bleak.

There seems to be progress being made, though. As regulations are gradually lifted, tourism numbers in Atlantic City increase. This leads to an increase in gaming revenue and helps to keep the casinos in the city above water.

January proved to be a slightly better month for the casinos here. The state’s total gaming revenue here came out to $346.4 million that month. Incredibly, that is actually a 15.3% increase when compared to January of 2020.

Online gambling is proving to be extremely valuable for the casinos in this city. Internet gambling made up for about one-third of the total revenue earned here in January. Many still prefer to play casino games online rather than inside a land-based casino right now.

Some believe that having the PFL’s next events in Atlantic City could help to boost tourism here. That will be particularly true once fans are allowed inside the arena. Stay tuned for more updates on the casino industry here over the next few months!

Are you excited about the upcoming PFL tournament? Who do you think wins at welterweight? Let us know in the comments section below!

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

Venetian Las Vegas

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

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

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

Gaming Revenue in Las Vegas Took Another Dive in January

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

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

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

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

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

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

The Las Vegas Sands Casino Sales Have Been Confirmed

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

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

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

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

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

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

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

More Casino Companies Are Focusing on Operations in Macau

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

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

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

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

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

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

Expect to See More Cashless Casinos in Las Vegas Soon

View Of Las Vegas Strip

Las Vegas is being forced to evolve at a rate never seen before. With new health regulations set in place, the casinos here are constantly changing. New reports indicate we could see many more cashless casinos in the city soon.

Many believe that going cashless will be much safer for the city in the long run. Some claim it could have some unintended consequences. Now is a great time to talk about what casinos in Las Vegas are planning right now.

Let’s get into it!

Gaming Revenue in Nevada is Still Faltering

Nevada’s losing streak continues. Since March, the state’s various gambling properties have been seeing revenue dips. This trend isn’t slowing down and the state once again saw a major year-on-year dip in gambling revenue for the month of January.

Not many analysts are surprised at this fact. Back in January of 2020, the casino industry in Nevada was still going strong. It wasn’t until March of last year that state officials ordered the gambling venues in Nevada to close their doors.

In January, the casinos in this state won just $761.85 million. That represents an astounding 26.58% decrease when compared to January of 2020. This marks the 11th-straight month that Nevada’s gambling revenue has been on a decline.

Things are not completely bleak here, though. Nevada is slowly beginning to see an increase in tourism and more casinos here are choosing to resume 24/7 operations. As a result, several major casino companies here recently saw a jump in their stock prices.

Safety remains a huge issue in Nevada. The casinos in Las Vegas are trying to balance a fun and welcoming environment while ensuring things are as safe as possible for guests. As a result, these properties are constantly evolving in new ways.

There are new things being planned here all the time. Many now feel we’ll see more cashless options becoming available in the near future.

Cashless Casinos in Las Vegas Will Soon Become More Common

Las Vegas is still home to many of the biggest casino-resorts on the planet. Despite the difficulties lately, these venues continue to operate and some are beginning to see increases in revenue. Safety remains a troubling issue for these venues amid the global health crisis.

Some of the casinos in Las Vegas have recently chosen to go cashless. That includes the D Casino & Hotel in Downtown Las Vegas. More properties here are realizing that it is more convenient for players and helps to make things safer.

It now appears we could see even more cashless casinos in Las Vegas soon. Sightline Payments, a Las Vegas-backed tech company, wants to help make this happen. Company officials believe this is long overdue and will help to make things considerably safer in the long run.

“You can go to almost any casino in the country and, if you want to play blackjack or play a slot machine, you’re going to be using cash,” said Omer Sattar, executive vice president of Sightline. “In your everyday life, however, you use electronic payment options for almost everything. In the next 36 months, we believe you’ll see 60-70% of the U.S. casino industry offering some form of cashless. They (casinos) were saying they needed to open and that many of their consumers were no longer comfortable using cash. Contactless payments have skyrocketed all around the world because consumers are wanting to touch less paper.”

Casinos have several reasons to be concerned about going cashless. The most obvious are concerns about security. Ultimately, the pros outweigh the cons when making the move to a cashless payment system.

Many are excited to see this change being made. It seemed inevitable that casinos would go cashless. It now seems to be coming faster than some predicted. We’ll be sure to offer updates over the next few months!

Will Macau End Up Helping US Casino Companies?

Macau, one of the biggest gambling hubs in the world, was one of the first places to order mass casino shutdowns. Unlike many US cities, however, the casinos here were given permission to reopen within just a few weeks. Many were surprised to see this move.

Some of the biggest US casino companies own and operate casino-resorts in Macau. That includes MGM Resorts, Wynn Resorts, and Las Vegas Sands. These properties were hopeful that Macau would prove to be a valuable source of revenue while the US casino industry was shut down.

This didn’t prove to be the case. Macau’s casinos were open, yet the city continued implementing intense travel restrictions to and from Mainland China. This devastated the city’s tourism industry.

Things are finally beginning to turn around here. Macau recently lifted its mandatory quarantine rule with Mainland China. This will likely end up resulting in a massive surge of tourism and gambling revenue in Macau.

Hope is that US casino companies benefit from these new rules. Casino revenue in the US is still very low right now. Macau could end up being the saving grace for the biggest casino operators in the United States.

Do you expect to see more cashless casinos in Las Vegas? Let us know in the comments section below!

Another Las Vegas Airport Jackpot Was Just Won!

Wheel Of Fortune Slot

Gambling options can be found in almost every corner of Las Vegas. Even the airport here offers a wide variety of fun slot games. This week, one lucky Texan won a massive Las Vegas Airport jackpot win.

These types of jackpot wins happen more often than many would expect. Generally, however, they are won inside the casinos in the city. Now is a great time to look at how much money was just won.

Let’s get into it!

Regulations in Nevada Are Slowly Getting Lifted

The state of Nevada is still feeling the effects of the mass casino shutdowns in March of last year. It’s been almost twelve months and the gambling industry still has not recovered. There are some signs that things are beginning to recover, though.

With infection rates dropping around the country, more people are deciding to take vacations. Many are choosing to head to Las Vegas. This city is beginning to see a steady increase in visitors and gaming revenue is beginning to increase.

To make things even better, Governor Sisolak has announced he plans to loosen regulations in the state soon. That will allow for small shows to resume in many casino-resorts. Casino capacity limits will increase and indoor bars can begin operating for longer.

This is great news for the casino companies operating here. Many, including MGM Resorts, have recently begun operating several casino-resorts 24/7 again. These companies expect to see a major surge in tourism over the next few months.

If all goes according to plan, this summer will be hugely successful for the casinos in Las Vegas. With fewer restrictions and more open properties, the city could see huge surges in tourism. Effective vaccine distribution can help to ensure this is done in the safest way possible.

Even now, many of the casino-resorts here are reporting huge jackpot wins. One lucky player won a massive jackpot inside of the city’s airport!

Here’s What We Know About the Latest Las Vegas Airport Jackpot Win

The Las Vegas Airport is one of the few around the US that allows gambling. There are a huge number of slot machines spread around the entire airport. Many of them offer massive jackpots on a regular basis.

It appears one lucky gambler from Texas decided to test her luck inside this airport. It certainly paid off. Reports have confirmed that one woman won an incredible $302,000 playing on a slot machine before her flight home.

As many might expect, this jackpot was won playing on the “Wheel of Fortune” slot game. These slots are well-known amongst hardcore gamblers and tend to be the games offering the biggest jackpots. The luck winner’s reaction can be seen below.

 

This is one of the biggest Las Vegas Airport jackpot wins seen in quite some time. It won’t be the last, though. As more visitors head to the city, the likelihood of another big jackpot being won inside the airport goes up.

News like this will lead to even more gamblers playing slot games inside the airport. At the moment, only 500 are available right now. More may become operational if Governor Sisolak decides to lift certain restrictions.

Things seem to be improving throughout Las Vegas. Stay tuned for more news on big casino jackpots being won here over the next few months.

Las Vegas Virgin Hotel-Casino is Set to Open This Month

Some of the most expensive gambling venues ever built are located in Las Vegas. This city is known for opulence and it takes a lot for new properties to stand out. On March 25, the new Virgin Hotel-Casino will finally open its doors to the public.

This has been a long time coming. Virgin Group CEO Richard Branson claims he has wanted to break into the Las Vegas casino industry for decades. He’s put a tremendous amount of time making sure the new Virgin hotel-casino will be a big hit.

Of course, it doesn’t come at the most ideal time. All the casinos throughout Las Vegas continue to see fairly large drops in revenue each month. It will be interesting to see how this venue fares under such unusual circumstances.

The opening of properties like this one could help Las Vegas recover. It isn’t the only new casino-resort scheduled to its doors here this year, though. Resorts World Las Vegas is opening this summer and is already generating a huge amount of media attention.

At $4.2 billion, this is the most expensive casino-resort ever built in Las Vegas. It has the backing of Genting Group and is expected to be incredible. An official opening date has not yet been announced, yet it’s confirmed this venue will open sometime this summer.

Are you surprised to hear about this new Las Vegas Airport jackpot win? Do you plan on visiting this city anytime soon? Let us know in the comments section below!

LV Casino Companies are Seeing Stock Increases Again

Las Vegas Strip

The city of Las Vegas is still in recovery mode. There are some signs that things will begin improving here in a big way soon. As a result, many LV casino companies are beginning to see an increase in their stock prices.

It’s great news for these companies. For almost a year, the casinos in Las Vegas have been struggling to bring in revenue. Now is a great time to talk about why exactly casino stock prices have been increasing lately.

Let’s get into it!

Gaming Revenue in Las Vegas Finally Increases in January

The gambling industry in Las Vegas is the biggest in the world. Unfortunately, it has been under extreme stress since the mass casino shutdowns in March of 2020. There are some signs that things are improving, though.

Not long ago, many of the casino-resorts in the city began resuming 24-hour operations. That includes several of MGM Resorts’ biggest properties. Many took that as a signal that these casinos are expecting a new surge of tourism.

January proved to be a fairly successful month for Las Vegas. The casinos on the Las Vegas Strip earned an astounding $320 million throughout the month. That represents a significant increase from December.

Things aren’t completely back to normal, though. The revenue earned in January is still down almost 44% when compared to January of 2020. It’s no surprise, as that was still before the state ordered all casinos to shut their doors.

When considering that casinos are still operating at just 25%, these revenue figures are impressive. Many believe that the upward trend will continue throughout 2021. It’s fantastic news for the huge number of casino companies here.

It seems that these revenue increases are affecting stock prices, too. Several major companies saw their share prices jump this week.

LV Casino Companies Experience Another Jump in Stock Prices

Prior to March of 2020, the US casino industry was surging. Casinos in Las Vegas were seeing major increases in tourism and gaming revenue. The city was set to welcome several exciting new casino-resorts, too.

After Governor Sisolak ordered casinos to shut down in March, this city’s tourism and gaming industry almost completely shut down. Very few individuals were making the trip to Vegas through mid-2020. Fortunately, things are beginning to improve.

Casino companies are seeing the optimism reflected in their share prices. Many of these companies now have stock prices not seen since January of 2020. Infection numbers are declining and more people are visiting Las Vegas. That gives many analysts hope that the city can begin to truly recover as the year continues.

Craig Johnson, a chief market technician for a major investment bank, gave his take on this situation to the media this week.

“I would just put it all under one word: hope,” he said. “The market is a forward-looking mechanism looking forward to six to nine months ahead of time. And I think (these companies’) stock is a bit of a leading indicator and certainly reflective of more needles going in arms. As soon as things really start to open up again, I think Vegas is going to be a clear destination where people are going to want to go first. (The) pick up in stock price is really just reflective of the hope of things reopening and people going on vacation, having an experience in Las Vegas.”

Many different industries are seeing an increase in stock prices. Airlines, for example, are also seeing a jump in their stock prices right now. This all comes from a growing hope that travel will begin increasing soon.

It seems as if Las Vegas is on the brink of a major comeback. If things continue the way they currently are, regulations could be lifted in Las Vegas and a surge of new tourists could be seen. We’ll be sure to report on this situation over the next few months!

The Opening of Resorts World Las Vegas is Almost Here

Las Vegas is home to most of the world’s best casino-resorts. Most of them are located on the Las Vegas Strip. It’s here that massive properties such as The Cosmopolitan, The Venetian, and Caesars Palace are located.

This summer, Resorts World Las Vegas will finally open its doors in the northern area of the Strip. This is the most expensive casino-resorts ever built in this city. Many analysts believe this will end up being the best new gaming venue in the city.

The owners of this property recently announced they needed to fill thousands of jobs. It didn’t take long for this news to reach residents in Las Vegas. Reports claim that tens of thousands of applications flooded in for jobs inside the new casino-resort.

More details about this property are coming out. News recently broke that Resorts World has just signed a deal with Fred Segal to unveil a new retail space inside this new property. This shopping area is expected to rival the Forum Shops at Caesars Palace.

Hopefully, Resorts World will help to boost tourism in Las Vegas even more. This is one of the first new casino-resorts opened on the Strip in years.

Are you surprised to hear that LV casino companies are seeing their stock prices increase? 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!

Penn National Gaming Secures Partnership With NY Casino

New York

There has been a huge amount of attention placed on Penn National Gaming over the past few years. This company was founded in the 1960s and now owns and operates 43 different gambling venues around the United States. This week, news broke that Penn scored an exciting new partnership with a major NY casino.

This is a huge move for this company. New York is currently in the process of getting its online sports betting industry up and running. Today, we’ll talk about what Penn’s move into this state means moving forward.

Let’s get into it!

New York is Still Working to Approve Online Sports Betting Legislation

New York is home to a huge professional sports industry. It’s no surprise that many lawmakers here immediately began looking into sports betting regulations after PASPA was struck down in May of 2018. Finally, in 2019, the first legal sports wager was finally placed here.

Things weren’t perfect, though. New York went against many recommendations and only decided to legalize land-based sports betting. Sportsbooks opened in various casinos across the state, yet many of them struggled to generate revenue.

Online sports betting has proven to be a far more lucrative industry. Neighboring New Jersey has a regulated internet sports betting industry set in place. Throughout 2020, this state set numerous new sports betting handle records from its online betting operations.

Many have been pushing New York to finally begin allowing online sports gambling. Many lawmakers agree and have been working to draft legislation that allows this form of wagering. Even Governor Cuomo believes it’s a necessity, yet wants to ensure the state benefits from such a move.

A sports betting bill is currently making its way through the state’s legislative process. Under this bill, up to 14 different sports betting operators would have the ability to gain an online license here. There are some issues arising, yet most feel online sports gambling will finally become available in New York this year.

Some major gaming companies are now making the move into this state. That includes Penn National Gaming, which is already banking on online gambling options becoming available here soon.

Here’s What We Know About Penn National Gaming Moving into New York

There has been a lot of media coverage on Penn National Gaming in recent years. Much of that has to do with the company’s investment into Barstool Sports. Back in January of 2019, this company invested an astounding $163 million into Barstool for a 36% stake in the company.

Penn Gaming has also been working hard to expand in recent years. In 2015, for example, it purchased the popular Tropicana Hotel-Casino in Las Vegas. In 2019, the company purchased two more major properties in conjunction with VICI Properties.

Now, Penn seems focused on New York. News broke this week that the company has agreed to a new partnership with Rivers Casino & Resort in Schenectady. This 20-year deal gives Penn access to the New York mobile sports betting and casino market.

Jon Kaplowitz, Penn National’s Sr. Vice President of Interactive Gaming, expressed his excitement about breaking into New York in an official statement this week.

“Gaining potential access to what could become one of the nation’s most lucrative sports betting markets has been a major priority for our Company,” he said. “We are hopeful that the New York State Assembly will follow those leading revenue producing states that allow for multiple skins for mobile sports betting. A state the size of New York certainly warrants open competition and a free market approach.” 

This is a huge move for Penn Gaming. This company has seen tremendous success breaking into new markets in recent months including Michigan. Most agree that New York has the largest online sports betting market in the US.

As of now, New York still has not approved any legislation to allow online sports betting. Once that changes, however, Penn Gaming will have the ability to launch an internet sportsbook here. Stay tuned for more updates over the next few weeks!

Online Sports Betting Revenue Continues Increasing Around the US

New York seems to be just months away from getting its online sports betting operations up and running. The states that have already done so are profiting in a big way. Online sports betting revenue is surging around the country right now.

That includes the aforementioned state of Michigan. Online sports betting didn’t become available here until the final ten days of January. In those ten days, the state saw an online sports betting handle of $113 million.

New Jersey is also seeing impressive online sports betting revenue figures right now. The regulated sportsbooks here earned an astounding $82.6 million in January. Analysts expect even higher figures in February due to the Super Bowl.

Many different states are now working hard to legalize and regulate their online sports betting industries. That includes California and Arizona. Many analysts expect nearly every state to have a sports betting industry set in place by 2025.

Penn National Gaming is getting ahead of the game by breaking into New York. It is likely to pay off as soon as online sports gambling gets approved here.

When do you think New York will begin allowing online sports betting? Let us know in the comments section below!