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…

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…