In an amazing turn of events, this week’s gambling news finds that we’re discussing Las Vegas Sands online gambling ambitions! The company has made a major change to their web gambling philosophy and is wasting no time plotting a new, digital course after the passing of Sheldon Adelson. We also cover sports betting news and the end of an Atlantic City landmark. Hello friends! And thanks so much for joining me on another edition of This Week in Gambling where our big story is coming out of Las Vegas! And it’s not only big… it’s unbelievable! In the years leading…

Shortly after the passing of Sheldon Adelson, we now learn that Las Vegas Sands profits fell nearly $2.2 billion last year, thanks in large part to the pandemic and diminishing tourism to Nevada. Room revenue fell almost 73% while food and beverage revenue was down 69%. Earnings from their conventions and retail shops fell 67%. Company revenue fell over 70% last year to just $3.6 billion, which the company said was a direct result of the Novel Coronavirus. Macau profits were the worst hit, where restrictions on travel held the Sands in check for most of the year and resulted…

Less than a month after his presidency ended, Donald’s Trump Plaza is set to be demolished in Atlantic City, New Jersey. The building has been vacant since 2014. The resort is set for demolition on February 17, as the building has been falling apart in recent years. What’s left of the complex has been a grim reminder of Atlantic City’s economic difficulties over the past decade. Trump Plaza is still positioned on some pricey real estate, located where the Expressway brings tons of traffic into the downtown area. And now, after years of delay, the land is worth more vacant…

Take a first hand look at the Ka-Ching Cash slot! An amazingly fun and simple multi-denomination game from our friends at Aristocrat! This is a 5 reel 4 row slot game that comes in two versions: Xing Fu Coins, and the game we’re looking at today, Vegas Neon! There is a “Hold and Spin” feature along with 5 jackpots to be won! Which jackpot you win will be determined by which reels you fill with your Ka-Ching Cash symbols! Hold! Spin! Cash! Ka-Ching! Coming from Bash Games Studio, the Ka-Ching Cash slot combines Cash on Reels and Hold & Spin…

As the economic free fall continues for the gambling industry amidst the Coronavirus pandemic, New Jersey sports betting has finally overtaken Nevada as leader of the American market. New Jersey’s total handle was over $6 billion last year, while Nevada sports gambling took in only $4.3 billion in 2020. Nevada regulators cited the coronavirus pandemic for the falling revenue. The first legal bet in New Jersey was placed in June of 2018. “The reason for the decrease to this calendar year was the result of the suspension of gaming operations from March 18 through June 4 due to COVID-19,” the…

It’s been less than a month since the passing of Sheldon Adelson, and already his Las Vegas Sands has a new CEO who is steering the company toward iGaming and digital betting. Rob Goldstein has been named as Adelson’s replacement, and he seems set to take the company directly into the teeth of the industry his predecessor spend millions of dollars and the last years of his life fighting. When speaking of Adelson’s dislike of online gambling, Goldstein said “He never questioned its viability… We just want to keep working toward our goals. It’s a very interesting business. The question…