There is no doubt that the world loves gambling. It is a form of entertainment that has existed for a while and shows no signs of ever fading. This is because of the inherent concept of the activity – winning money. In society’s where cash is king, the idea of taking part in an activity that gives the chance of winning money and is fun too makes the reason why gambling is popular clear to see. However, it is also an activity where people can easily get addicted to, much like smoking and taking drugs. Given the seriousness of this,…

There are confirmed plans for a new Las Vegas Station Casino. Currently, the company has six properties in and around Sin City. They recently received approval from the Clark County Commission for a new casino southwest of the Strip. Approval means construction could start early next year for the 200-room tower dubbed “Durango, a Station Casinos Resort” near the 215 Beltway, company officials said. Bob Finch, chief operating officer for Station parent company Red Rock Resorts, termed the project a next-generation attraction for local residents. He said it could open late next year. A cost estimate is expected in coming…

It’s been a hell of a run for Las Vegas casinos lately! In fact, as we reported last week, they just took in over a billion dollars in gambling revenue for the sixth consecutive month! The longest ‘hot streak’ ever for Vegas gambling was seven months, so there is a real opportunity to not only match the current record, but extend it past seven months. The Nevada Gaming Control Board said that revenue for the state was over $1.16 billion for August, which represents more than a 22% increase from this time in 2019. Additionally, the Las Vegas casinos on…

Casinos in New Jersey have reason to celebrate, as Atlantic City gambling revenue seems to have bounced back from the pandemic slump. The numbers from August are in and show a 31% growth from 2020, with nearly $430 million taken in. The New Jersey Division of Gaming Enforcement reports that while land based casinos generated over $262 million, online gambling was able to add another $113 million to the bottom line. Sports betting accounted for the remaining $52 million. The growth of sports betting is expected to continue across the country, not just in New Jersey. That growth will be…

For the sixth month in a row Nevada casinos have generated over $1 billion in gambling revenue, putting them in prime position to reach $12 billion in revenue this year. This marks the second longest streak for the state of months with over a billion dollars in revenue. August saw $1.16 billion for the state from gaming and follows an all-time record $1.36 billion posted in July. This current revenue streak of six months began back in March of this year. The longest streak of billion dollar months ever was seven months and took place between November of 2006 and…

MGM Resorts has announced an agreement with the Blackstone Group which will allow them to acquire operation of The Cosmopolitan at City Center on the Las Vegas Strip. The deal includes a cash consideration of over $1.6 billion. What’s unique about this agreement is that it separates the physical property from the operations of the resort. Blackstone has said Monday it will sell the property itself for $5.65 billion, but MGM now has a 30-year lease agreement. The Cosmo originally opened in December of 2010, but was purchased by Blackstone in 2014. MGM Resorts CEO Bill Hornbuckle stated that they…