This Week in Gambling

A recent analysis of Nevada gaming data reveals a long-term shift in the performance of Nevada slots, as player win percentages continue to decline while casino revenue margins see a corresponding rise. The report, issued by the UNLV Center for Gaming Research, indicates that the statewide average hold percentage for slot machines has increased significantly over the last two decades. According to the findings, the average hold on Nevada slots has risen from approximately 5.72 percent in 2004 to as high as 7.15 percent in recent reporting cycles. This represents a 26 percent increase in the portion of wagered money…

Station Casinos has announced a comprehensive multimillion-dollar investment strategy across its Southern Nevada portfolio as the company prepares for its 50th anniversary on July 1. The initiative includes significant expansions at its newest resort and large-scale renovations at several established locations throughout the Las Vegas Valley. The most substantial portion of the capital investment is directed toward Durango Casino and Resort in southwest Las Vegas. The company recently began a second phase of development at the property with a price tag of 385 million dollars. This project follows the December completion of a new high-limit slot room and a 2,000-space…

A group of prominent downtown Vegas casinos has announced a new initiative to accept the Canadian dollar at par with the American dollar. The promotion, which began this week and is scheduled to run through August 31, 2026, aims to reverse a sharp decline in international tourism from the north. The three participating properties are Circa Resort and Casino, The D Las Vegas, and Golden Gate Casino. Under the new At Par program, eligible Canadian visitors will receive one U.S. dollar in value for every one Canadian dollar spent on specific services. This move effectively removes the current exchange rate…

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The Boring Company has announced a major expansion of the Vegas Loop underground transportation system, outlining a multi-phase plan to increase tunnel mileage and vehicle capacity. Company President Steve Davis detailed the roadmap which aims to connect the Las Vegas Strip, downtown, and Harry Reid International Airport through an extensive subterranean network. The expansion is divided into four distinct phases focused on improving connectivity and reducing travel times. Phase 1 recently commenced with limited shuttle service to the airport from existing stations at Resorts World, the Las Vegas Convention Center, Westgate, and Encore. Currently, about 50 trips per day are…

Federal lawmakers have introduced the FULL HOUSE Act, new bipartisan legislation aimed at reversing a recent change to the tax code that limits how much taxpayers can deduct in gambling losses. The Facilitating Useful Loss Limitations to Help Our Unique Service Economy Act was formally introduced in the House of Representatives by Steven Horsford of Nevada and Max Miller of Ohio. The legislation seeks to restore a decades-old tax standard that allowed individuals to deduct 100 percent of their wagering losses against their winnings. This standard was recently altered by a provision in a larger tax reform package which reduced…