Industry

The transaction that saw Blackstone sell The Cosmopolitan of Las Vegas for $5.65 billion was the “most profitable single asset sale ever” for the company’s real estate business, Blackstone said in an earnings report Thursday. The high-priced transaction included a $1.625 billion lease-back deal for MGM Resorts International to acquire its operations in May. Though Blackstone did not disclose the profits from the

Thought we were past the dangers of Covid lock-downs? So did we! But now, casino operators like MGM, the Las Vegas Sands, and Wynn Resorts are learning the hard way that the Coronavirus can still hurt them… even from thousands of miles away. Casinos in Macau have been dark for several days now, shut down

The Canadian province of Nova Scotia has launched an online casino after years of pushing by the Atlantic Lottery Corporation. Finance Minister Allan MacMaster said the platform, which is accessed through the lottery corp’s website, went live Thursday.  As reported by CBC, MacMaster stated that there was no big announcement on the topic as they are

On July 11th, the Chines shut down all casinos for the first time since the first Coronavirus outbreak. Now, Macau casino giants are standing dark as the worst outbreak of the virus to hit the city spreads. People have been ordered to stay home, venturing out only for essential services. Police are monitoring the people

According to State Racing and Gaming Commission data posted Thursday, Iowa’s 19 state-licensed casinos reported adjusted gross revenue of nearly $1.78 billion through their slot machines and table games in the last fiscal year. They also delivered a separate sports wagering handle of over $2.4 billion that netted them nearly $140 million in receipts for the 12-month period ending June

This week’s gambling news finds three Las Vegas casinos closing forever. Having been shut down since the pandemic began, many of these were never able to re-open, and now they will be demolished. Additionally, another hotel right on The Vegas Strip has closed to make room for a mystery project. Could it be a new

Flutter Entertainment announced Wednesday that the CEO of its UK & Ireland (UK&I) business, Conor Grant, has resigned and will leave his role before year-end. Ian Brown, former CEO of Booking.com’s Trips division and an Oliver Wyman Senior Partner, will succeed Grant. Brown will join Flutter in September, assuming responsibility for the Paddy Power, Sky Betting and Gaming,

The Majestic Moon Triple Sparkle slot machine is a 5 reel, 3 row game packed on the award-winning KX 43 and Opus cabinets from Konami Gaming. The Majestic Moon slot is just the latest addition to the player favorite Triple Sparkle family. [embedded content] Konami has many Triple Sparkle slot machines, but in this video

iGaming industry content provider Pragmatic Play announced Tuesday the expansion of its Live Casino portfolio through the introduction of two new variants of baccarat, Fortune 6 Baccarat and Super 8 Baccarat, which give “an exciting update” to the classic game. Yossi Barzely, Chief Business Development Officer at Pragmatic Play, said: “Fortune 6 and Super 8

Several weeks ago we reported on some interesting moves from Tilman Fertitta. Now, the Las Vegas Travelodge and an adjoining strip shopping mall have been closed in what looks like the next step toward a new Strip Casino. Fertitta owns the Golden Nugget Casino on Fremont Street, as well as others around the country. Near

According to the Ministry of Economy and Finance Commercial Gambling Committee of Cambodia (CGCC), state revenue from commercial gambling was just over 8% of the amount required by the budget law in the first half of 2022. As of June 30, only 20 of the more than 200 licensed casinos in the country were in

The pandemic challenged the gaming industry. And while Vegas has recovered nicely, Station Casinos has had to make some difficult choices. Now, the decision has been make to demolish three of their properties. Texas Station, Fiesta Rancho and Fiesta Henderson have all been closed since the pandemic began. But as other casinos were able to

As reported by the Michigan Gaming Control Board, the three Detroit casinos in June reported $98.6 million in monthly aggregate revenue, with table games and slots making $98.2 million in revenue, and retail sports betting producing $448,703. The figure is down 8.8% year-on-year from the $108 million in revenue in June 2021, and down from

Arizona reported $512.8 million in sports wagers in April. The total shows a 26% decrease from the record-breaking $692 million reported in March, but still marks the third-highest handle since launch. According to official data released this month, Arizona sportsbooks won $16.5 million in gross sports betting from April’s bets, while the state gained approximately

Online slot provider Betsoft has once again delivered a quality game with their latest release, the Mr Macau online slot. Revel in a riot of neon lights and glorious winnings in this feature rich, 5 reel, 20 payline slot. Enjoy the ultimate gaming experience in the ultimate gaming city. With scatters, sticky wilds, free spins

Shares in firm Genting Singapore jumped after reports surfaced that the city-state’s casino operator is attracting takeover interest. US giant MGM Resorts International allegedly recently approached the company’s controlling shareholder -the billionaire Lim family- to express interest in a potential deal. Genting Singapore’s stock price rose as much as 9.3% on Friday -which represents the

The brand new Gem Strike online slot is a glittering  new offering from Realtime Gaming! And now it’s available for players at Everygame Casino! Gem Strike is a low-volatility game with five cascading reels, 25 lines, and clusters of sparkling crystals! Players could cash in on wins as big as 50,000 times their bet! Get

Play’n GO’s IP, Licensing and Partnerships Manager Anny Gomes discusses the studio’s approach to licensed content, their choice for music, and their latest music collaboration title *NSYNC Pop. In addition, she delves into the key role of data in product development and understanding the audience. Hitting the right notes with licensed gaming content is never

The deadline is July 31st. However, legislators are still hopeful that a Massachusetts sports betting deal could come together this year. And if it does, that residents of the state could be placing wagers on next year’s Super Bowl. A Representative says that negotiations are ongoing, and that there is still some level of optimism

Latin America is one of the priorities for Konami Gaming. Eduardo Aching, Vice President of International Gaming Operations, details the company’s strategies and specific product offerings to see that reflected, and its plans for the region in 2022 amid a recovery trend. Konami expects “no major development in regulations, as the majority of markets have