This Week in Gambling

The Blackstone group is once again looking to the sell their Cosmopolitan Las Vegas property. And all you need to add this resort to your portfolio is a meager $5 billion… maybe more. It’s being reported that Apollo Global is exploring an offer. Another potential partner is MGM Resorts International. However, representatives for Blackstone, Apollo and MGM all declined to comment. Blackstone, the New York-based investment firm, tried two years ago to find a buyer at $4 billion or more. Prices for Las Vegas casinos have continued to rise despite the pandemic as real estate investment trusts purchase properties and…

US gambling revenue can be tracked using the Commercial Gaming Revenue Tracker from the American Gaming Association’s (AGA). It features state-by-state and nationwide financial performance data with breakdowns for individual gaming verticals. The commercial gaming sector’s record-setting run continued into July as gaming revenue from traditional casino gaming, sports betting, and iGaming, reached $4.83 billion – surpassing May as the industry’s highest grossing month ever. Revenue was up 29.6 percent compared to the same month in 2019. The return of summer leisure travel propelled US gambling revenue in July. The month also benefited from a favorable calendar, which included five…

UPDATE: 9th September, 2021 – In a press release, Caesars has announced an agreement with 888 Holdings to sell it’s the non-US assets of William Hill for $3 billion. After their payment on existing debt, Caesars should net about $1.2 billion. It wasn’t too long ago that William Hill’s American holdings were purchased by Caesars Entertainment. That deal left the company’s non-US assets up in the air, but perhaps not for much longer. 888 has confirmed that they are in “advanced” discussion with Caesars about purchasing what’s left of William Hill’s properties not in the US. However, they are facing…

As we return from our summer vacation, we’ve got sports betting news as we prepare for the American football season! There are major developments from the NFL and its relationship to sports betting! Plus, gambling news finds another Fremont Street casino reopening, and we report on what things are like in Las Vegas right now! Hello friends! Jay Todd back from my vacation and my trip to Las Vegas! More on that in the second half of our program, but first: Are you ready for some football?! This week’s we’re talking sports betting news, the kickoff of the American football…

It’s been fifteen months since Main Street Station in downtown Las Vegas closed for the pandemic. And now, finally, the property is set to welcome guests back once again. The venue has a casino floor that’s 27,000 square-feet and boasts more than 400 hotel rooms. September 8th is the target date put in place by owners Boyd Gaming. The casino and hotel will return to full 24 hour a day operation for the first time since the doors closed in March of 2020. Most other resorts owned by Boyd have already re-opened, with the exception of the Eastside Cannery. In…

As we approach the first games of the 2021 football season, NFL sports betting advertisements are a real thing! The league has made agreements with several licensed sports books, and those lucky seven books will be allowed to run commercials during NFL games this year. BetMGM, WynnBET, PointsBet, and FOX Bet will now join the sports books previously selected by the NFL in April, which were Caesars Entertainment, FanDuel, and DraftKings. However, do not expect viewers to be over run with gambling commercials. The NFL has set a strict limit on the number of ads allowed per game, and when…