MGM Resorts Passes on Running the Chicago Casino

Chicago Casino

For years, officials in Illinois have been working on ways to build and open a new casino-resort in Chicago. Many are now beginning to question which company will choose to operate this gaming venue. New reports indicate MGM Resorts has no desire to operate the proposed Chicago.

There are several reasons why this is. Today, we’ll explain what has led to MGM Resorts passing on this venue. We will also talk about when and where this property could finally open its doors.

Let’s get into it!

Gaming Revenue Continues to Ramp Up Around the US

The US casino industry has been in a major recovery over the past few months. States around the country continue to report increases in revenue. Some, of course, are seeing more impressive revenue figures than others.

Nevada had a hugely impressive month during March. That month, the state saw an amazing 67% jump in overall gambling revenue. The Las Vegas Strip ended up bringing the largest revenue figures, yet the entire state saw a big increase.

New Jersey also experienced a major revenue boost during March. The casinos here reported an increase of 75% in revenue when compared to the same month in 2020. Both casino and sports betting revenue are up here.

Many of the country’s smaller gaming hubs have been seeing revenue increases, too. As a result, many states are once again looking at expanding their gambling industries. Many exciting new casino-resorts are expected to open around the country over the next few months.

Casino companies are seeing their stock prices increase. This trend is expected to continue as tourism rates into major gambling hubs increase. It’s an extremely exciting time for the country’s gambling industry as a whole.

Illinois is one state looking hard to open new casinos. That includes one in Chicago. Unfortunately, officials here are finding it difficult to find companies willing to operate this property.

MGM Resorts Shows No Desire to Operate the Chicago Casino

The US is home to many of the biggest, most successful casino companies on the planet. That includes MGM Resort, which owns and operates a huge number of major casino-resorts in Las Vegas. This company has expanded around the country over the past few years.

Interestingly, MGM Resorts is showing no desire to operate the proposed Chicago casino. Like many other companies, MGM feels there are too many issues surrounding this venue. That includes the high tax rate set in place here.

Company officials have confirmed that they are unlikely to apply for a casino license here. Instead, MGM is focused on locations such as Japan, Florida, and New York. Officials within the city of Chicago released a statement on this news this week.

“MGM Resorts is a respected company and Chicago would have been delighted to receive an MGM casino proposal,” the statement said. “We understand each casino operator will need to determine which opportunities are best suited for their organization and that MGM has prioritized its focus for several years on opportunities in Japan and its mobile wagering businesses. However, we believe other well-respected casino operators have a different view of this once-in-a-lifetime opportunity in Chicago, and we expect to receive outstanding proposals for the Chicago casino.”

Many believe it’s time for Chicago to update its regulations. The tax rate set for the casino here is still considerably too high. Until this changes, more companies are likely to pass on applying for a license here.

Many are still asking where this new casino will be located. We are beginning to hear more about that as the year goes on.

What is the Most Likely Location for the Casino in Chicago?

There has been a huge amount of attention placed on Chicago’s casino plans in recent months. Officials here are realizing how much revenue can be earned from the gambling industry. Mayor Lori Lightfoot has been working hard to get this venue up and running as soon as possible.

Not long ago, reports surfaced that officials want to get this casino operational by 2025. It’s exciting news for gambling fans in the state. Of course, there is still no confirmation of where this casino will be located.

Eleven different companies have voiced their opinions on where this casino should be located. Most of them are favoring a downtown location. Ultimately, the location will be chosen by the company that receives permission to develop this property.

Hope is that this casino ends up being a major revenue-generator for the state. Many of Illinois’ lawmakers are expecting big things from this venue. If all goes according to plan, it will help to significantly boost tourism rates in Chicago.

The state’s sports betting industry continues to expand, too. Revenue from this industry continues to increase with each passing month. It’s an exciting time for the gaming market here.

Are you surprised to hear that MGM Resorts isn’t interested in opening the Chicago casino? Let us know in the comments section below!

The Cosmopolitan Las Vegas is Set to Resume 100% Capacity

Cosmopolitan Las Vegas

With each passing week, the city of Las Vegas is slowly getting back to normal. All of the casino-resorts in this city have been working to bring in more guests lately. Today, news broke that the Cosmopolitan Las Vegas is finally set to resume 100% capacity.

Health officials in Las Vegas clearly believe that things are safe enough for this move. Now is the perfect time to talk about what has led to the casino receiving permission to increase its capacity limit. We’ll also look at what some of the other casinos in the city are doing right now.

Let’s check it out!

Governor Sisolak Continues to Loosen Restrictions

Nevada’s economy is one that relies heavily on tourism. In March of 2020, the tourism industry in this state came to a screeching halt. Things began to open up over the summer, yet tourism numbers here remained far below what was seen in years prior.

2021 has represented a major comeback for this city. Tourism figures and gambling revenue has been steadily growing as the months go on. March ended up being the most successful month for this city in quite some time.

Reports have confirmed that gaming revenue in Nevada increased by 67% in March. Overall, the state brought in just over $1 billion in revenue. It was a fantastic sign for the state and the city of Las Vegas, in particular.

Today, Governor Steve Sisolak announced that all counties across Nevada have the pandemic under control. As a result, he is easing back on the mandator mask mandate. This is expected to help the tourism situation in the state even more.

Casinos here are certainly happy to see things improving. As time goes on, more of them are beginning to increase their available amenities. The brand-new Virgin Hotel-Casino, for example, recently announced that it is set to open many new amenities over the next few months.

The Las Vegas Strip is still the most lucrative area of the city. It’s here that all of the most expensive casino-resorts are located. It now appears one of the most popular venues here is ready to increase its capacity limit again.

The Cosmopolitan Las Vegas is About to Resume 100% Capacity

When the casinos in Las Vegas first reopened their doors in March, things were far from normal. The state government ordered all of these gambling venues to abide by intense health regulations. As a result, very few individuals were making the trip to the city.

As restrictions are lifted, tourism numbers go up. A huge number of people are now flocking to Las Vegas to take part in the newly opened festivities. This summer will likely bring record levels of visitors to the city.

This week, news broke that the Cosmopolitan Las Vegas is set to resume 100% capacity. This venue recently hit its goal of vaccinating 80% of its workforce. As a result of this goal, the Nevada Gaming Control Board has given permission for this venue to operate at full capacity. J. Brin Gibson, Chair member of the Nevada Gaming Control Board, spoke about this decision to the media this week.

“The Cosmopolitan demonstrated substantial efforts to vaccinate its workforce and have set an industry standard in what can be accomplished through smart and swift action,” he said. “As a result, The Cosmopolitan is one of few Las Vegas gaming properties to receive approval to return to full capacity due to its overwhelming employee response, and we’ve asked them to share their methodology, strategy and success with the wider hospitality industry. We look forward to seeing all resort partners across The Strip continue the momentum.”

This is a massive move for this property. Many are excited to see how expanding the capacity limits affects revenue figures here. It’s important to note that the Cosmopolitan Las Vegas isn’t the only major venue to make this move. Wynn Resorts announced earlier this week they planned to operate at 100% capacity, too.

The economic situation over in Las Vegas is clearly getting better. Fortunately, things are also improving over in Atlantic City.

New Jersey’s Gaming Revenue Surged in March

It was fantastic to see how much gambling revenue surged in March. This wasn’t much of a surprise when considering how low revenue figures were in March of 2020. All major gambling hubs are reporting major year-on-year revenue increases.

That is certainly the case in New Jersey. This major gaming hub reported $359.2 million in gaming win this March. That is a staggering 120% increase when compared to March of 2020.

The casinos in this state also reported $859.6 million in total sports betting handle for the month of March. Of that, these casinos managed to keep $60.7 million. These revenue increases are expected to continue as the year goes on.

Some analysts believe that many of the remaining restrictions set in place here are still leading to lower-than-ideal tourism numbers in Atlantic City.

It’s an interesting moment for the entire US land-based casino industry. Some big moves are being made by the biggest gaming companies around the country. We’ll be sure to offer updates on revenue figures over the next few months.

Do you plan on staying at the Cosmopolitan Las Vegas this year? Let us know in the comments section below!

Mississippi Casino Restrictions Have Just Been Lifted

Mississippi Casinos

The state of Mississippi is known for having one of the biggest casino industries in the United States. To the delight of many businesses and individuals, this industry is starting to recover. New reports indicate that all Mississippi casino restrictions are now being lifted.

It’s exciting news for gambling fans here. State leaders clearly believe that things are now safe enough to remove many of the health restrictions previously set in place here. Today, we’ll talk about how this might affect the city’s gaming industry moving forward.

Let’s get into it!

More States Report Casino Revenue Increases

The United States is home to one of the biggest land-based casino industries in the world. Many states around the country allow either commercial, tribal, or both types of casinos to operate. Prior to 2020, these properties were helping to bring states an incredible amount of money each year.

Some markets were proving to be stronger than others. Casino hubs such as Las Vegas and Atlantic City have always managed to bring in impressive revenue numbers. Many of the smaller gambling destinations like Mississippi were also bringing in large amounts of money from their casinos.

Beginning in March of 2020, this industry was turned upside down. Gambling operators have been in recovery mode ever since. With the global health crisis now improving, many states are reporting large increases in their monthly casino revenue figures.

Over in Nevada, for example, revenue increased by 67%. Las Vegas saw a massive increase in tourism that month. This trend is expected to continue and many analysts predict that this summer will be one of the most successful in history for Nevada’s casino industry.

Louisiana also saw a staggering 132% year-on-year revenue jump. The state’s various gambling properties brought in a combined $225.1 million that month. It’s a promising sign that one of the most popular gaming hubs in the Southern US is recovering.

Mississippi is well-known for having a massive land-based casino industry. This week, some big changes were announced for the casinos operating here.

State Leaders Remove All Mississippi Casino Restrictions

Popular casinos can be found throughout the state of Mississippi. Before 2020, these venues were hugely popular and helped to bring in a large number of tourists from nearby states without casinos. Since March of last year, however, intense regulations have been set in place that have limited the number of individuals visiting these properties.

Mississippi’s health situation has been steadily improving over the last few months. As a result, state leaders have been gradually lifting restrictions toward various businesses. It now seems that these officials are ready to get the casino industry back to the way it was.

Reports have confirmed that Mississippi casino restrictions are being lifted at 5 pm today. Moving forward, these venues can operate in the same way they did prior to March of 2020. That means masks are no longer required inside these venues.

Of course, every casino can still order its own rules. The Beau Rivage Resort and Casino in Biloxi still plans on requiring masks. Casino spokeswoman Mary Cracchiolo gave a statement on the new rules to the media this week.

“For the safety of our team members and guests, we will continue to require masks at MGM Resorts properties at this time,” she said. “We are in the process of removing hand washing stations from the casino floor and will no longer be conducting temperature checks for team members as they enter the property. As vaccination efforts continue, we will reassess our health and safety protocols consistent with guidance from health experts, changing regulatory requirements, and input from our guests and employees.”

Many see this move by the state as a clear sign that things are improving. Some may argue that it’s too soon for such a move. Fortunately, casino companies are able to make their own rules based on what they feel is acceptable. Stay tuned for more updates on the situation here over the next few months.

Sports Betting Revenue in Mississippi is Surging Right Now

Casino games aren’t the only forms of gambling available in the state of Mississippi. Back in 2018, this state officially legalized sports betting. It immediately proved to be a good decision, bringing the state a massive amount of tax revenue every month.

Unfortunately, the state still requires that all sports wagers be placed in person. Many have been pushing to get online sports gambling regulated here. It would instantly result in a major revenue boost.

Still, Mississippi saw an impressive 707.4% jump in year-on-year sports betting revenue last month. That’s not a surprise when considering casinos were shut down in Mississippi for almost the entire month. Last March, however, many residents were enjoying being able to make bets inside their favorite casinos.

The next few months will almost certainly bring even bigger revenue figures. That is especially true now that Mississippi casino restrictions are being lifted. A growing number of individuals in Mississippi and neighboring states will quickly begin making the trip to their local casinos.

2021 seems like the year that several other states choose to legalize sports betting. Many are hopeful to see California and Texas get this industry up and running before long.

Are you surprised to hear the health restrictions being removed from casinos in Mississippi? Let us know in the comments section below!

The Job Fair at the Cosmopolitan Kicks Off Next Tuesday!

Cosmpolitan Las Vegas

The economy in Las Vegas is bouncing back faster than most analysts predicted. As a result, many of the casino-resorts in the city are looking to bring on more employees. Reports have confirmed that the job fair at the Cosmopolitan begins next Tuesday!

As many know, the Cosmopolitan Casino-Resort is one of the most impressive venues in Las Vegas. Many are looking forward to the opportunity to work here. Today, we’ll talk about the details of the upcoming job fair here.

Let’s get into it!

Las Vegas Casinos See Jumps in Revenue Numbers

There have been countless reports on the struggling economy of Las Vegas since last year. The shutdown of casinos here ended up taking a massive toll on the city. Tourism came to a halt and a staggering number of individuals were left without work.

Things have been gradually improving in the city over the past few months. As more of the population received their vaccine, travel is beginning to ramp up around the country. Many are choosing to make the journey to tourism hubs such as Las Vegas.

Hotel occupancy levels are increasing almost every single month. As a result, most of the major casino companies in the city are seeing their revenue figures increase. It’s happening faster than many analysts expected.

MGM Resorts reported $1.6 billion in revenue over the first four months of 2021. That is below what was seen prior to last year. It represents a massive increase in revenue when compared to the same quarter in 2020, though.

The nightlife scene in Las Vegas is changing, too. News broke this week that Tao Hospitality recently agreed to purchase Hakkasan Group. This gives Tao control over Hakkasan’s nine different nightlife and restaurants around the city.

It’s an extremely exciting time for Las Vegas. It now appears one of the most impressive properties in the city is ready to bring in new employees.

Here’s What We Know About the Job Fair at the Cosmopolitan

The Cosmopolitan Casino-Resort first opened its doors back in 2010. It made headlines for costing $3.9 million to construct. Before long, this property had been named the “best hotel in the world” by various publications.

The popularity of The Cosmo hasn’t dwindled. In fact, many people are now heading to Las Vegas right now specifically to stay in this venue. On May 4, this casino-resort will be hosting a major job fair in search of qualified employees.

This fair will run from 10 am to 2 pm. It’s being held in The Chelsea, the property’s concert venue. A huge number of locals and non-residents are expected to attend. Reports claim there are open positions for culinary, front desk, housekeeping, and more.

Those looking to attend the job fair at the Cosmopolitan will need to fill out an online application first. It’s recommended to dress professionally and bring resumes. Masks are also required while inside the venue.

The Cosmopolitan is widely regarded as one of the best properties in Las Vegas. With the city’s tourism industry now improving, it seems likely that this casino-resort will see a massive surge of visitors. Now might be the perfect opportunity for many to earn a position here!

Of course, many are still looking to score a job at Resorts World Las Vegas, scheduled to open its doors this summer. It seems likely that this will be the most impressive property ever built in the city.

Resorts World Las Vegas is Opening its Doors in Less than Two Months

There are many factors contributing to the boost in tourism in Las Vegas. The improving health situation around the country is an obvious one. Many believe that the opening of new properties could also help to significantly boost tourism rates in the city by the time summer approaches.

The Virgin Hotel-Casino opened its doors earlier this year. It’s the first foray into the casino industry for Virgin. This property sits where the Hard Rock Hotel-Casino once operated and has become one of the most popular venues located off the Las Vegas Strip.

No grand opening will be as big as the one at Resorts World Las Vegas on June 24. It’s been a long time coming. At $4.2 billion, this is the most expensive casino-resort ever built in the entire city.

This property has been under construction for many years. Several massive delays have led to the grand opening being pushed back. Most feel its opening ends up bringing a huge number of individuals to the city.

More job opportunities are appearing in Las Vegas right now. There are still open positions at Resorts World Las Vegas. Hopefully, the job fair at the Cosmopolitan ends up helping many receive a position at this property, too.

Are you excited to see the economy of Las Vegas bouncing back? Do you plan on visiting the city this year? Let us know in the comments section below.

Nevada’s Gaming Revenue for March Jumps by 67%

Las Vegas Strip

Nevada’s long and complicated road to recovery continues. Things are bouncing back in a big way and casinos around the state have been reporting large surges in players lately. This week, we learned that Nevada’s gaming revenue for March jumped by an incredible 67%.

This is what officials in the state have been hoping to see. Nevada relies heavily on its gaming industry. Now is the perfect time to discuss exactly how much money flowed into the state last month.

Let’s check it out!

Las Vegas is Set to Remove Capacity Limits Soon

Tourism is an instrumental part of Nevada’s economy. Back in March of 2020, the state’s tourism industry came to a screeching halt. This, of course, was due to the global health crisis and shut down of the state’s casinos.

It wasn’t until June that casinos here were able to begin operating again. Shortly afterward, tourism rates into cities like Las Vegas slowly began to increase. These visitation rates still remained far below what was seen a year prior, though.

There are many reasons why tourism rates have remained low. Many analysts pointed toward the intense regulations set in place as a reason. It makes sense, as many visitors are unwilling to visit the city with so many regulations set in place.

Things are about to change in a big way. Governor Sisolak recently announced that businesses in Las Vegas will be able to operate at 100% capacity beginning on June 1. This is expected to boost tourism rates moving forward.

Many signs point to a major recovery already taking place in the city. Hotels in the city have been reporting major surges in visits over the past few months. This summer is shaping up to be one of the most successful in the city’s history.

We are now beginning to see how much money the gambling operators in the state brought in last month. Here’s what you need to know!

Here’s a Look at Nevada’s Gaming Revenue for March

Throughout almost the entirety of 2020, gambling revenue in Nevada hit record lows. It took a devastating toll on the casinos in the state. No one seemed to know how long this downward spiral would last for, either.

We’re now beginning to see a change. As we already mentioned, tourism rates are increasing here as the months go on. This directly leads to more gambling revenue flowing into the state’s many casinos.

Reports on Nevada’s gaming revenue for March have just been released. To the delight of state leaders, revenue here increased by 67% last month. It’s the first major increase the state has seen in more than a year.

Nevada’s gaming win passed the $1 billion mark during the month of March. In Clark County, revenue increased by 63.4% when compared to March of 2020. These numbers represent the biggest win since 2013 and clearly show that Las Vegas is recovering in a massive way. Michael Lawton, a senior research analyst for the NV, Control Board, spoke about this situation to the media this week.

“These numbers are higher than I think anyone anticipated,” he said. “Demand was obviously a driver, in addition to capacity being increased to 50 percent on March 15 and the NCAA basketball tournament being played after last year’s cancellation. However, these numbers also benefited significantly from stimulus payments allowing for increased spend by customers across the state including locals and visitors.”

It seems highly likely that gaming revenue throughout Nevada will increase as the months go on. July should end up being a landmark month for the city. Let’s look at why that is.

The Opening of Resorts World Las Vegas is Less than Two Months Away

The past year hasn’t been easy for the major casino-resorts in Las Vegas. Keeping these venues closed had a tremendous cost. Fortunately, these properties will soon be able to operate at 100% capacity.

In July, the most expensive casino-resort ever built in Las Vegas will finally open its doors. This is Resorts World Las Vegas, opening in the northern area of the Strip. It cost an incredible $4.2 billion to construct and is expected to be a one-of-a-kind venue.

Last week, news broke that Resorts World LV will officially open to the public on June 24. To say that many are excited about this casino-resort is an understatement. Many feel it will help to significantly boost tourism rates into the city after opening.

This isn’t the only new property that will have opened in 2021. Earlier this year, the Virgin Casino-Resort finally opened in the city. It now sits where the former Hard Rock Hotel-Casino was operating.

Excitement is rising around Las Vegas. There are a huge number of exciting plans being set in place here. If things continue, we could see new gambling revenue records set here as the year continues.

Are you surprised to hear how much Nevada’s gaming revenue for March increased? Let us know in the comments section below!

The Opening Date of Resorts World LV Has Been Announced!

Resorts World Las Vegas

For years, one of the biggest and most impressive gambling venues ever designed has been under construction in Las Vegas. Gambling fans have been eagerly waiting to hear when this property would finally open its doors to the public. This week, reports confirmed the opening date of Resorts World LV for June 24.

This is expected to be a casino-resort for the ages. Now is a great time to talk about some of the details of this venue. We’ll also discuss how this property will help Las Vegas moving forward.

Here’s what you need to know!

Las Vegas Casinos Brace for a Busy Summer

The casino industry in Las Vegas is beginning to bounce back. For many analysts, this is happening sooner than expected. Effective vaccine distribution has led to a major surge of travel around the country and many are choosing to visit Las Vegas.

We’re in April and tourism rates in Las Vegas are already beginning to surge. Hotel occupancy levels are increasing and gaming revenue is going up. It’s fantastic news for the casino companies based in this city.

To make things even better for these companies, Governor Sisolak recently announced that capacity limits in Las Vegas will soon reach 100%. This is expected to happen during the first week of June. Many feel this will also result in a major tourism spike.

All of the casinos in Las Vegas are preparing for a busy summer. This is always the busiest time of the year for the city. With restrictions being lifted and the health crisis in the US improving, it seems likely that this will be a hugely successful season for the city’s casinos.

Live sporting events should also help to boost tourism rates here. The UFC recently announced it is hosting the McGregor vs. Poirier trilogy fight in front of a sold-out crowd at the T-Mobile Arena in Las Vegas. This is likely one of many big fights the promotion plans to hold in the city in front of a live audience this year.

The opening of new properties is also taking place this summer. Here’s what we know about the grand opening of Resorts World Las Vegas!

The Opening Date of Resorts World LV is Set for June 24

For years, gambling fans have been asking when Resorts World Las Vegas would finally open its doors. This property has been under construction since 2017. At $4.2 billion, this is the most expensive casino-resort ever opened in this city.

Eventually, news broke that this new casino would be opening its doors over the summer. It was extremely exciting news for many to hear. Interestingly, the owners of this venue were hesitant to release an official date for their property to begin accepting guests.

The opening date of Resorts World LV was finally revealed this week. To the delight of many casino fans, this venue will finally be opening to the public on June 24. Scott Sibella, President of Resorts World Las Vegas, sent out a press release discussing the opening of this new casino-resort.

“We are filled with gratitude and excitement as we approach our opening this June and hope to play a role in Las Vegas’ rebound after what has been an incredibly challenging year for the destination and greater hospitality industry,” he said. “After years of planning and constructing this monumental property with some of the most innovative partners in the industry, Resorts World Las Vegas will redefine the hospitality standard in Las Vegas with unmatched dining and entertainment, more variety of hotel accommodations than anywhere else on the Strip, and the city’s most progressive technology.” 

This is huge news for this property and the city of Las Vegas. This is expected to be one of the most exciting gambling venues to ever open in the US. Many analysts expect it will help to significantly boost tourism into Las Vegas.

It’s a huge moment for Las Vegas. The opening date of Resorts World LV is now less than two months away. Stay tuned for more updates on this property over the next couple of weeks!

Atlantic City is Seeing Gaming Revenue Increases

New Jersey is home to the country’s biggest East Coast gambling hub. Some massive gaming venues are operating over in Atlantic City. The past year has been extremely difficult for the owners and employees at these venues.

Atlantic City’s casinos were ordered to shut down back in March of last year. It took months for any of them to open their doors again. Overall, gambling revenue dropped by 80% over the entire course of 2020.

Fortunately, things are bouncing back in a big way here. Tourism into the city has been steadily increasing. Gambling revenue has been surging too and the state’s sports betting handle once again increased during the month of March.

Many of the casino companies here are beginning to prepare for major increases in tourism over the summer months. Revenue is expected to increase, too. The Ilitch family has even decided to invest a huge amount of money into the Ocean Casino Resort.

This venue is making some big changes. Reports have confirmed that this venue will soon go under a $15 million renovation. It’s clear that this property expects some massive revenue increases over the next few months. Stay tuned for updates!

Are you excited to hear about the opening date of Resorts World LV? Do you plan on visiting this venue? Let us know in the comments section below!

Here’s What We Know About the Ocean Casino Renovation!

Ocean Casino Resort AC

Atlantic City’s casinos are currently preparing for a major surge of visitors. Many of them are now looking at ways to take advantage of this new tourism boom. Today, we’ll discuss the news of the Ocean Casino renovation!

The Ocean Casino-Resort is one of the most popular gambling venues in Atlantic City. A lot has been going on with this property lately.

Here’s what you need to know!

Atlantic City’s Gaming Industry is Poised for a Major Comeback

Atlantic City’s casino industry was essentially shut down back in March of 2020. This proved to be a devastating decision for the city’s economy. The closure of all casinos here resulted in thousands of job losses and huge revenue declines.

The casino companies here have been eagerly waiting for things to bounce back. Fortunately, online gambling platforms here have helped to make up for some of the land-based losses. Overall, gaming revenue in Atlantic City dropped by 80% over the course of 2020.

This was never going to last forever. City officials have been working hard to boost tourism rates in the city over the past six months. Things have been slowly improving throughout 2021 and analysts expect this summer to be very successful for the casinos here.

There are some good indicators that this is already taking place. Over in Las Vegas, for example, tourism rates have been steadily increasing over the past few months. Casino companies here have been seeing big increases in their gaming revenue and hotel occupancy levels.

Several other small casino destinations have been seeing their gaming revenue figures increase, too. It’s an exciting time for the industry. The country’s biggest gambling hubs are expected to see pre-pandemic levels of tourism as the months go on.

We’re seeing many casino renovations take place around the country. One has just been announced to take place at one of Atlantic City’s most popular gambling venues!

A $15 Million Ocean Casino Renovation Has Been Confirmed

Atlantic City is home to some of the most popular gambling venues on the East Coast. For more than a year, the casinos in this New Jersey casino hub have been struggling. As we just mentioned, it appears that things are set to improve here in a big way.

The Ocean Casino-Resort in Atlantic City has been making some big changes lately. This venue recently began increasing its operating hours and deals. The Ilitch family sees potential with this casino and recently purchased a major stake in it.

Today, news broke that this casino-resort will soon go under a major renovation. The owners have pledged to invest $15 into renovations of this property. It’s a huge move and one that should help to attract more visitors.

The Ocean Casino renovation will help to upgrade the casino floor and outdoor amenities including the swimming pool, cabanas, and beach area. A brand-new high-limit gaming area will be added, as well as several new guest lounges. Terry Glebocki, Ocean Resort’s CEO, spoke about the plans to the media this week.

“As restrictions are lifted and we begin reopening additional areas of our business, I am thrilled at the opportunity to present our guests with an evolving gaming experience that’s unique to the market,” he said. 

2021 is shaping up to be a massive year for this property. Ocean Casino was the only gambling venue in Atlantic City to increase its gross operating profits last year. It seems likely that it will set new records this year. Stay tuned for more updates on this venue over the next few months!

NJ’s Sports Betting Handle Increased Again in March

New Jersey’s casinos have been struggling for more than a year. That doesn’t mean the entire gambling industry here is hurting, though. This state has quickly developed the largest sports betting market in the country.

Here, both land-based and online sports betting is legal and regulated. As a result, many sports fans in New York cross into the NJ border to make bets on their favorite teams. This has helped to boost revenue as the months go on.

This past February, New Jersey’s sports betting handle dropped for the first time in months. It was a surprise for many when considering the Super Bowl took place that month. Most felt that a handle increase would be seen in March.

That prediction turned out to be correct. Reports have confirmed that New Jersey saw $859.6 million in sports betting handle last month. The New Jersey Division of Gaming Enforcement reported $60.8 million in taxable sports betting revenue.

Many are waiting for the handle here to surpass $1 billion. It’s come close on several occasions. As tourism increases, the odds of this taking place go up. It seems likely that this summer will be hugely successful for the sports gambling industry here.

Are you excited to hear about the Ocean Casino renovation? Do you plan on visiting this property this year? Let us know in the comments section below!

MA’s Casino Industry is Finally Beginning to Recover

Encore Boston Harbor Casino

Over the past few years, Massachusetts has worked hard to develop a large and successful casino industry. Much of the progress being made here has been undone due to the events that unfolded last year. Fortunately, it is now looking like MA’s casino industry is finally starting to recover.

It’s great news for the gaming companies operating in this state. It’s also exciting for those employed in this industry here. Now is a great time to talk about how much the casinos in MA are bouncing back right now.

Let’s get into it!

Lawmakers in Massachusetts Continue to Discuss Sports Betting

The US sports betting industry has been expanding rapidly since 2018. That year, the US Supreme Court decided to strike down PASPA. This was a huge decision and ended up giving every single state around the country the ability to legalize and regulate sports gambling.

Some states immediately chose to start regulating this form of gambling. Places like New Jersey, Delaware, and Pennsylvania got their sportsbooks up and running quickly. All of these states are earning a huge amount of revenue from their regulated sports gambling platforms.

New Jersey is now the sports betting capital of the country. Here, both online and land-based sports wagering is allowed in the state. The money earned from this industry is helping the casinos in Atlantic City deal with the major drop in revenue over the past year.

Interestingly, Massachusetts hasn’t decided to get its sports betting industry up and running. It’s a major disappointment for the state with arguably the most passionate sports fan base in the country. It is now beginning to look like laws toward this industry could finally start to change soon.

Lawmakers in the state are meeting to discuss sports betting regulations on a regular basis now. These state officials are beginning to realize how much revenue they are missing out on. It seems likely that a bill to legalize sports betting will appear on the ballots before the end of 2021.

There are now some world-class casinos operating in this state. We’re starting to hear about how these venues are faring into 2021.

Here’s a Promising Update on MA’s Casino Industry!

For decades, lawmakers in Massachusetts pushed against the legalization of casino gambling. No commercial casinos were permitted to operate here, despite the huge demand. Finally, in 2011, a law was passed to allow three commercial gaming venues in the state.

Some of the biggest casino companies in the country now own and operate casinos here. That includes MGM Resorts and Wynn Resorts. The Encore Boston Harbor quickly began taking over the state’s casino market after its opening in 2019.

Back in March of 2020, MA’s casino industry completely shut down. Health officials warned that these venues could help to fuel the country’s health crisis. The casinos were eventually allowed to reopen during the summer, yet revenue has remained low since that time.

There have been some major improvements thus far in 2021, though. Reports have confirmed that this past March was the best month for the state’s casino industry since the pandemic began. The state’s three casinos brought in a combined $83.9 in gross gaming revenue that month. The state earned approximately $23 million in taxes.

It’s a great sign and many analysts predict even more impressive numbers as the year goes on. Casinos were recently given permission to offer craps and add a fourth seat to table games. This, combined with the vaccine distribution around the state, will likely result in a massive surge of visits to casinos in Massachusetts.

After months of discouraging reports, it finally seems as if MA’s casino industry is on the road to recovery. Stay tuned for more reports on the revenue figures here over the next few months!

Major Casino Hubs Reports Tourism Increases

Massachusetts isn’t the only state to see a jump in its gaming revenue lately. Some of the country’s biggest gambling hubs are beginning to report major increases in their revenue figures. That includes places like Las Vegas and Atlantic City.

Tourism numbers are a good indicator of how casino hubs are faring. For the majority of 2020, tourism numbers in Las Vegas were extremely low. Fortunately, there has been a steady increase of visitors to the city over the past couple of months.

Things are expected to continue getting better. Some incredible new casino-resorts are beginning to open in different areas of Nevada. Resorts World Las Vegas cost $4.2 billion to construct and will be opening its doors to the public this summer.

Resorts World is opening its doors in the northern area of the Las Vegas Strip. Many believe this venue could help to bring more visitors to this area of the city. It’s an exciting addition to the country’s biggest casino destination.

Atlantic City’s casinos are preparing for a major tourism boom, too. Restrictions are slowly being lifted here. It seems very likely that gambling revenue in the city will begin to truly surge as summer rolls around.

Are you surprised to see MA’s casino industry recovering right now? Let us know in the comments section below!

Casino Restrictions in Texas May Soon be Lifted

Texas State Flag

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

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

Let’s get into it!

Casino Revenue is Jumping Around the Country

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

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

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

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

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

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

Las Vegas Sands Pushes to Change Casino Restrictions in Texas

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

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

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

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

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

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

Is Macau Still an Attractive Destination For LVS?

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

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

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

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

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

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

Atlantic City’s Casino Revenue Fell by Over 80% Last Year

Atlantic City Casinos

The US casino industry is still in a precarious position. Fortunately, things appear to be improving in most parts of the country. We are continuing to hear more about how devastating the events of last year were for this industry, though. New reports have surfaced that shed light on how much Atlantic City’s casino revenue fell in 2020.

Today, we’ll discuss the revenue figures here. We’ll also talk about how Atlantic City is faring through 2021.

Let’s get into it!

Tourism Numbers are Increasing in Major Casino Hubs

A huge number of US industries have taken massive revenue hits over the past year. Essentially any business that relies on tourism has been suffering. The casino industry, in particular, saw massive revenue declines over the past year.

There have been many reports on these fluctuating revenue figures. Cities such as Las Vegas and Atlantic City were simply unprepared to see their tourism industries come to a screeching halt. To make things worse, no one knew when things would begin to recover.

It’s now clear that this industry is beginning to recover. There has been a major surge of tourism into Las Vegas over the past couple of months. Interestingly, the city is seeing a huge increase of visitors over the age of 50 lately.

Atlantic City is seeing its tourism industry bounce back in a major way, too. The casinos here have been adjusting their hours as a result of this new surge. The entertainment options are increasing and new travel deals are appearing.

It will likely take years for Atlantic City to completely recover. There is a lot happening in this city that will help to speed up this recovery. Several major companies are now choosing to invest in the casino industry here with hopes of seeing a major revenue surge over the next few months.

As the months go on, we’re starting to hear more about the effects that 2020 had on different casino hubs. Here’s a look at how much revenue Atlantic City lost last year.

Here’s How Much Atlantic City’s Casino Revenue Dropped in 2020

Between March and July, the casino industry in Atlantic City was completely shut down. Governor Phil Murphy did not allow any land-based gaming venues to open their doors. Doing so would have likely resulted in a spike in infections.

Officials in Atlantic City immediately began complaining about the regulations set in place. Tens of thousands of individuals were left without work due to the casino shutdowns. Many businesses were forced to shut their doors, too.

New reports have just surfaced that show Atlantic City’s casino revenue dropped by an astounding 80% over the course of 2020. Overall, the casinos here reported $117.5 million in gross operating profits last year. That is down considerably from the $594 million earned the year prior.

James Plousis, chair of the New Jersey Casino Control Commission, spoke about this situation to the media this week.

“Atlantic City and its casinos endured their most challenging year in history,” he said. “Yet, through responsible management, the casinos proved that in-person gaming could happen safely. As tourists return to the shore, they can have every confidence Atlantic City is safe for the summer.”

Plousis is correct in his assertion that Atlantic City is poised for a comeback. As we mentioned earlier, gaming revenue here is gradually increasing throughout the year. As vaccine distribution increases, tourism will surge and the economic situation here will improve. Stay tuned for updates!

2021 is Shaping Up to be Huge for the US Sports Betting Industry

The casino industry may take years to completely recover. Things are beginning to recover in a big way, yet no one can accurately say when this will be completely recovered. The sports betting industry, however, continues to surge.

The US Supreme Court struck down PASPA back in May of 2018. This decision gave every state in the country the ability to legalize sports betting. More than half the country has already chosen to do so.

It seems as if 2021 will be the most successful year for the sports gambling industry to date. All professional sports are up and running again and fans are beginning to be allowed back inside arenas. There are likely to be millions of Americans that choose to bet on sports for the first time this year.

February ended up being a poor month for this industry. Winning Super Bowl bets led to revenue declines for many states. March is expected to be a fantastic year for this industry and many expect states to set new records.

Atlantic City’s casino revenue is beginning to increase. The sports betting industry set in place here will help to make up for some of the losses. It is finally looking like the gambling industry is ready to recover.

Are you surprised to see how much casino revenue dropped in Atlantic City last year? Let us know in the comments section below!