Casino News Media Blog
Ancient Egypt themed games via Casino News Media and the network
Casino News Media offer online casino news, land based casino news, game reviews, casino gossip, gaming news, online gaming, online poker, interviews, articles, press releases, event news, multimedia and more.
Sunday, February 26, 2023
Saturday, February 25, 2023
Wednesday, February 22, 2023
Casino News Media Blog: Poker Machine - Australian and NZ a fruit machine. Often shortened to pokie
Casino News Media Blog
Poker Machine - Australian and NZ a fruit machine. Often shortened to pokie
Tuesday, February 21, 2023
Monday, February 20, 2023
Casino News Media Blog: Bingo: a game in which players mark off numbers on cards as the numbers are drawn randomly by a caller, the winner being the first person to mark off all their numbers. "a bingo hall"
Casino News Media Blog
Bingo: a game in which players mark off numbers on cards as the numbers are drawn randomly by a caller, the winner being the first person to mark off all their numbers. "a bingo hall"
Saturday, February 18, 2023
Casino News Media Blog: Flashback In Time
Casino News Media Blog
Flashback In Time
Here's a few of the world's top land based casinos for you to mark down in your travel plans. Monte Carlo, Monaco: Perched above the Mediterranean and bounded by the French and Italian coastlines on either side, Monaco provides a spectacular and luxurious setting for the wealthy and the wannabees. Home to the Monaco Grand Prix and the legendary Casino de Monte Carlo, this isn't the place for those on a tight budget. The magnificent Casino hosts the annual European Poker Tour and was also the scene of several James Bond Films, including the original "Casino Royale" and "Golden Eye". Paradise Island, Bahamas: Located just off the shore of the city of Nassau, Paradise Island is best known for its sprawling 'Vegas-by-the-sea' resort, Atlantis. The resort spans seven acres along a lagoon, where guests can soak up the Caribbean sun and choose from a variety of outdoor gaming areas. When in need of a break from the tables, guests can enjoy the private beach or one of the resorts 20 sunlit pools.
Friday, February 17, 2023
A casino is a facility for certain types of gambling. Casinos are often built near or combined with hotels, resorts, restaurants, retail shopping, cruise ships, and other tourist attractions. Some casinos are also known for hosting live entertainment
Casino News Media Blog
A casino is a facility for certain types of gambling. Casinos are often built near or combined with hotels, resorts, restaurants, retail shopping, cruise ships, and other tourist attractions. Some casinos are also known for hosting live entertainment
Wednesday, February 15, 2023
Tuesday, February 14, 2023
Star hit by casino slump, flags up to $1.6b writedown
Casino News Media Blog
Star hit by casino slump, flags up to $1.6b writedown
Star Entertainment Group has posted a revenue drop at its flagship Sydney casino and warned of a substantial impairment charge in its upcoming half-year results.
The embattled casino operator on Monday said it anticipated a non-cash impairment charge of between $400 million to $1.6 billion against its first-half results, in relation to its NSW business.
Star attributed the writedown to operational changes after a regulatory inquiry that resulted in its casino licence in the state being suspended, as well as a likely increase in NSW casino duty rates starting in the 2023/24 financial year.
"Whilst the outcome of recent regulatory and legislative developments remains uncertain, we have taken a prudent approach to assessing the carrying value of our assets, which has resulted in a non-cash impairment charge which will be recognised in our 1H FY23 results," Group CEO Robbie Cooke said in a statement.
By 1430 AEDT, Star Entertainment shares had slumped more than 20 per cent to $1.50 - after the stock hit its lowest level since March 2020 earlier in the session. Shares have lost nearly 50 per cent of their value during the past 12 months.
NSW's gaming regulator suspended Star's Sydney licence in October and slapped a record $100 million fine on the company after an inquiry found the casino had allowed money laundering to take place inside private rooms and identified numerous compliance failures.
A similar review in Queensland also fined Star $100 million and found it unfit to hold the two casino licences in the state after the company neglected anti-money laundering and responsible gaming duties in the state.
Shareholders have separately launched a class action against the group over its failure to disclose money laundering links to organised crime.
The regulatory troubles have hit Star's performance with the company incurring compliance and remediation costs of $20 million, including to increase headcount over the first half.
On Monday, Star said revenue at its main Sydney casino for the six months to December was down 13.5 per cent on pre-Covid levels.
Overall group revenue was down just 1 per cent though, buoyed by 30 per cent jump at Star Gold Coast and a 9 per cent lift at the Brisbane Treasury.
Star expects to report underlying earnings between $195 million and $205 million in the first half, when official results are released on February 23.
Star said it has also been impacted by increased competition since the opening of rival Crown's new Sydney casino in August 2022.
The company's operational challenges look set to continue after the NSW government in December announced without consultation that it would increase taxes on the state's two casinos.
"If implemented in their current form, the proposed duty rate increases would have a significant adverse impact on the profitability of The Star Sydney, further compounded by the changing operating and competitive environment," the group said, while flagging the impairment charge.
"In this scenario, The Star intends to undertake an urgent review of The Star Sydney's operating model and assets, with a view to maximising value for the group's shareholders."
Casino News Media Blog: Wager - risk (a sum of money or valued item) against someone else's on the basis of the outcome of an unpredictable event; bet.
Wager - risk (a sum of money or valued item) against someone else's on the basis of the outcome of an unpredictable event; bet.
Monday, February 13, 2023
Saturday, February 11, 2023
Casino News Media Blog: A casino is a facility for certain types of gambling. Casinos are often built near or combined with hotels, resorts, restaurants, retail shopping, cruise ships, and other tourist attractions. Some casinos are also known for hosting live entertainment, such as stand-up comedy, concerts, and sports.
Casino News Media Blog
A casino is a facility for certain types of gambling. Casinos are often built near or combined with hotels, resorts, restaurants, retail shopping, cruise ships, and other tourist attractions. Some casinos are also known for hosting live entertainment, such as stand-up comedy, concerts, and sports.
Friday, February 10, 2023
Aussie valet smashes two Lamborghinis at Crown Perth If smashing one $1 million car is a rough day at work, crashing it into another isn’t better. Particularly when they are owned by the same person.
Casino News Media Blog
Aussie valet smashes two Lamborghinis at Crown Perth If smashing one $1 million car is a rough day at work, crashing it into another isn’t better. Particularly when they are owned by the same person.
Casino News Media Blog - Blackjack - a gambling card game in which players try to acquire cards with a face value totalling 21 and no more.
Casino News Media Blog
Blackjack - a gambling card game in which players try to acquire cards with a face value totalling 21 and no more.
Tuesday, February 7, 2023
Sunday, February 5, 2023
Casino News Media: Casino, Gaming, Sports Betting and Pop Culture News
Casino News Media
Casino, Gaming, Sports Betting and Pop Culture News
DraftKings lays off roughly 140 employees in corporate restructure
DraftKings is eliminating about 140 jobs, part of what the sports betting company is calling a reorganization. A majority of the eliminated positions are based in Europe, Asia and the Middle East, and primarily span both engineering and HR roles related to hiring, according to someone with direct knowledge of the moves. The 140 positions amount to a low single-digit percentage of the company’s workforce. DraftKings stock jumped nearly 10% on the day to close at $16.48.
Penn Entertainment reports small year-over-year revenue increase in Q4 despite Mattress Mack payout
Despite a huge winning bet by Jim “Mattress Mack” McIngvale and inclement weather in December, Penn Entertainment’s 2022 fourth-quarter results were consistent, according to CEO Jay Snowden during Thursday’s investors’ call. McIngvale’s bet on the Houston Astros to win the World Series via Penn’s Barstool Sportsbook cost Penn $10 million. And Snowden claimed that “severe weather in certain parts of the country”...put a drag on revenue.
Las Vegas sports news
If the Oakland Athletics relocate to Las Vegas, north Strip and downtown resort operators would strongly support the team building a $1 billion ballpark in their area. Resorts World Las Vegas President Scott Sibella confirmed that he and hotel owners from the north Strip and downtown Las Vegas met with A’s brass Wednesday. They discussed the potential of a 35,000-seat domed stadium on the Las Vegas Festival Grounds site, located on the southwest corner of Las Vegas Boulevard and Sahara Avenue.
Las Vegas Strip breaks monthly revenue record
Led by a record surge on the Las Vegas Strip, Nevada closed 2022 with its 22nd consecutive months of $1 billion and higher in gaming revenue and added to its record gaming revenue for the year, which was set in November. For calendar-year 2022, Nevada reported $14.8 billion in gaming revenue, topping the $13.4 billion in 2021, a 10.5% increase. The Nevada Gaming Control Board reported Tuesday that casinos collected $1.31 billion in revenue in December, a 14.3% jump over December 2021.
Sharp bettors weigh in quickly on Super Bowl; two 6-figure wagers
Patrick Mahomes needed all of his magic to help send the Chiefs to their third Super Bowl in four years. But sharp bettors don’t believe in magic. They’re banking on the Philadelphia Eagles to beat Kansas City in Super Bowl LVII for the franchise’s second NFL title in six years. Less than 30 minutes after the Super Bowl line opened at pick’em at multiple sportsbooks, the Eagles emerged as consensus 1½-point favorites.
Governor names ex-judge George Assad to seat on Nevada Gaming Control Board
Former Las Vegas judge George Assad, who was sanctioned by judicial overseers for a punishment he meted out and lost his re-election bid after his son robbed the Bellagio in a high-profile heist more than a decade ago, was named to the Gaming Control Board on Monday by Gov. Joe Lombardo. Assad, 71, who was a Las Vegas Municipal Court judge from 2002 until 2011, will have a four-year term as a member of the board that directs the statewide agency charged with regulating and enforcing laws.
Tribes need to do a better job of coordination
Tribal organizations with departments ranging from casino gaming to health care need to do a better job of understanding everyone’s needs, thinking strategically, and working toward common goals that benefit tribes for the long term. That was the prevailing sentiment that emerged from the panel discussion, “The Top Five Things Tribal Councils Should Expect and Evaluate from Their Executive Leaders,” held at the Raving Next gaming conference in Albuquerque.
Some overdue recognition
I’ve always been a fan of awards in the gambling industry. In my mind, any recognition beyond a paycheck and a pat on the back has value. Our industry has never lacked awards. The biggest enchilada is certainly induction into the American Gaming Association’s Hall of Fame. Like all Halls of Fame, only the most successful movers and shakers get inducted into the AGA’s Hall, no posers or wannabes. Many gaming-media companies issue awards, including regional gambling publications and newspapers that serve casino cities, although most newspapers are just trying to sell advertising to the honored casinos and companies.
Industry poised for “biggest-ever” ICE London
Clarion Gaming has confirmed next week’s ICE London 2023 will be the biggest on record, occupying 41 halls of its London ExCeL home. Having returned from the pandemic last April with a scaled-back offering, this year’s ICE will occupy 51,466 square metres of the London-docklands exhibition centre, exceeding the previous high of 49,690 m2 in 2020. Sister show iGB Affiliate London will occupy ExCel’s remaining three halls, with a week’s worth of satellite events throughout London.
Las Vegas tourism helps fuel strong Boyd Gaming earnings
Aided by a boost in the Las Vegas economy and tourism, Boyd Gaming set a record for revenue and adjusted earnings during the fourth quarter and 2022 as a whole, setting the stage for strong earning reports to come in February from Strip and other operators. For all of 2022, Boyd Gaming reported revenue of $3.56 billion, compared to $3.37 billion for 2021. Net income was $639.4 million, or $5.87 per share, compared to net income of $463.8 million, or $4.07 per share, for 2021.
Aristocrat finalizes acquisition of Roxor Gaming
Aristocrat Leisure Limited Friday announced it has completed the acquisition of igaming supplier Roxor Gaming Limited. The deal was first announced in September 2022. Roxor will form part of Aristocrat’s igaming business Anaxi, which was rebranded in October 2022. Aristocrat initially announced the creation of a dedicated igaming business in February 2022 to pair with Aristocrat Gaming and the Pixel United mobile-first publishing business. “We’re thrilled to welcome Roxor to Anaxi and the broader Aristocrat group,” said Anaxi CEO Mitchell Brown in a statement.
Texas: Casinos in Dallas-Fort Worth? Lawmakers will consider expanded gambling
A North Texas representative has filed legislation to expand casino gambling in Texas and legalize sports betting. Fort Worth Republican Rep. Charlie Geren filed the proposal on Friday. The legislation is supported The Destination Resort Alliance, which is backed by casino and resort company Las Vegas Sands. It remains to be seen whether the bill passes in a state that in the past has been reluctant to expand gaming, but Gov. Greg Abbott and House Speaker Dade Phelan have left the door open for expanded casino gambling as the legislative session that started in January begins to ramp up.
Las Vegas tourism helps fuel strong Boyd Gaming earnings
National (results) - Aided by a boost in the Las Vegas economy and tourism, Boyd Gaming set a record for revenue and adjusted earnings during the fourth quarter and 2022 as a whole, setting the stage for strong earning reports to come in February from Strip and other operators. For all of 2022, Boyd Gaming reported revenue of $3.56 billion, compared to $3.37 billion for 2021. Net income was $639.4 million, or $5.87 per share, compared to net income of $463.8 million, or $4.07 per share, for 2021. Total adjusted EBITDAR for 2022 was $1.39 billion versus $1.37 billion for 2021. Full-year 2022 adjusted earnings were $662.0 million, or $6.07 per share, compared to adjusted earnings of $584.2 million, or $5.12 per share, for 2021.
Penn reports small year-over-year revenue increase in Q4
National (results) - Despite a huge winning bet by Jim “Mattress Mack” McIngvale and inclement weather in December, Penn Entertainment’s 2022 fourth-quarter results were consistent…Penn’s revenue for the fourth quarter reached $1.6 billion, a year-over-year increase of 0.8%. But net income for the quarter, $20.8 million, decreased by more than 50% compared to the $44.8 million generated in the fourth quarter of 2021.
The World Series of Poker announces its full 2023 schedule
Nevada (Las Vegas) - The World Series of Poker has announced its full summer schedule with an eye on having the largest Main Event field in history and, if it happens, awarding the poker promotion of a lifetime. The 54th version of the world’s largest poker tournament runs May 30-July 18 at the recently rebranded Horseshoe Las Vegas with 95 bracelet events. The No-Limit Hold ’em World Championship, known as “The Main Event,” will take place from July 3 to 17 and if it sets a record for entries, one entrant will be drawn at random to win a Main Event for Life package, buying him or her into the next 30 Main Events.
Video gambling up statewide, mostly flat in area in 2022
Illinois (slots/results) - Video-gambling terminals in Illinois continued to rake in the dough in 2022, though in our area, revenues were flat or fell slightly…the amount of money put in minus the amount paid out — amounted to $2.71 billion in 2022, a 9.5 percent increase over 2021's $2.47 billion. At the same time, the number of terminals grew by about 7.6 percent, from 41,826 at the end of 2021 to a hair over 45,000 a year later.
Officials moving forward with plans for Diamond Jacks Casino
Louisiana (Bossier City) On Feb. 1, Mayor Tommy Chandler of Bossier City met with the Foundation Gaming Group to discuss the construction activity which will soon be happening at the former Diamond Jacks Casino property…Chandler and members of his staff met with the group and the project's general contractor AnderCorp to discuss the initial details of the future transformation on this casino and hotel.
Horseshoe Casino Baltimore workers rally
Maryland (Baltimore) - Unionized workers at Horseshoe Casino Baltimore are demanding raises in line with others in the gaming and hospitality industry in the city and elsewhere, saying casino revenues have rebounded since the pandemic while compensation has stalled. About 20 workers and union representatives demonstrated Wednesday in front of the casino on Russell Street near downtown, calling for raises, holiday pay and other changes. Workers said bargaining has stalled with owner Caesars Entertainment on a contract that expired in October.
The contemporary casino is more than a gambling destination: it is a multifarious pleasure enclosure intended to satisfy every member of the family unit. - Colson Whitehead
Casino News Media Blog
The contemporary casino is more than a gambling destination: it is a multifarious pleasure enclosure intended to satisfy every member of the family unit. - Colson Whitehead
Saturday, February 4, 2023
Casino News Media Blog: Google Finance: Bitcoin
Friday, February 3, 2023
Casino News Media Blog: "I like to play blackjack. I'm not addicted to gambling. I'm addicted to sitting in a semi-circle" - Mitch Hedberg
Casino News Media Blog
"I like to play blackjack. I'm not addicted to gambling. I'm addicted to sitting in a semi-circle" - Mitch Hedberg
Thursday, February 2, 2023
Casino News Media Blog: Consolidation in the US Regulated Sports Betting Affiliate Space?
Casino News Media Blog
Consolidation in the US Regulated Sports Betting Affiliate Space?
Wednesday, February 1, 2023
Casino News Media Blog: Betting: the action of gambling money on the outcome of a race, game, or other unpredictable event. "football pools and other forms of betting"
Casino News Media Blog
Betting: the action of gambling money on the outcome of a race, game, or other unpredictable event. "football pools and other forms of betting"
Subscribe to:
Posts (Atom)