Revenue from commercial gambling in America reached a new quarterly high of nearly $14 billion for the third quarter of this year. According the American Gaming Association’s Commercial Gaming Revenue Tracker, the new record of $13.89 billion is the second consecutive quarter for a revenue record performance. With $38.67 billion in revenue through the first nine months of the year, the industry has already passed revenue generated for the full year 2020 and is on pace to smash its annual record of $43.65 billion, set in 2019. “Two straight quarters of record gaming revenue is an incredible accomplishment in any…

Caesars Entertainment announced today that the WSOP moves to the Las Vegas Strip next year! The 53rd annual World Series of Poker will be held at their Bally’s and Paris Casinos from May 31st to July 19th, 2022. Additionally, actor and comedian Vince Vaughn has been named as the event’s official celebrity Master of Ceremonies. Following a successful 17-year run at the Rio All-Suite Hotel & Casino, the WSOP continues its tradition as the largest, richest and most prestigious gaming event in the world at an all-new location. For the first time, the WSOP will be held at the heart…

The Bicycle Casino near Los Angeles seems to have forgotten some things. You don’t tug on Superman’s cape, you don’t spit into the wind, you don’t pull the mask off the Lone Ranger, and you don’t mess around with the Internal Revenue Service. The casino has been hit with a fine of half a million dollars for not properly reporting cash transactions of over $10,000 on multiple occasions over an 8-month period back in 2016. And yes, we’re just learning about this now. It seems a customer (who was a Chinese national) brought about a hundred million dollars to the…

Things have been rocking in Sin City as the recovery from the pandemic continues, but one Strip casino is on the chopping block. Which one? No one knows just yet… not even Caesars Entertainment. Despite a robust jump in revenue over last year, the company as a whole still expects to see a net loss of more than $230 million. Revenue is up almost 90% from last year, but has announced plans to part ways with a yet-to-be-named Strip casino. Caesars is making this move in order to secure more cash, and also has plans to liquidate their William Hill…

MGM Resorts brought on over $2.7 billion in revenue for the third quarter of this year. However, the company still wants to sell their Mirage Casino and Hotel property on the Las Vegas Strip. Their announcement does come as a bit of a surprise if you consider the earnings report they just released showed revenue growth of 140%. Also, MGM Resorts did just purchase the operational rights to The Cosmopolitan property on the Strip at City Center. Their CEO, Bill Hornbuckle, stated that MGM had another strong quarter which was primarily due to domestic operations, adding that the results showed…

Think the pandemic has killed Nevada gambling revenue? Don’t bet on it! The Nevada Gaming Control Board has released the numbers for September, and it’s all good news! We had reported that gambling in the Silver State was on a six-month hot streak of generating over $1 billion a month. And now you can make it seven months, which is the second longest streak of billion dollar months ever! The winnings for the state in September were $1.16 billion, to be precise. That’s more than a 40% rate of growth from last year, and nearly a 10% growth from 2019…