Tag Archives: Featured
Greek Council of State rejects appeal against Project Voria paving way for work to start in Autumn
Work is expected to start at the new entertainment and hospitality hub, Project Voria in Maroussi in northern Athens, in the Autumn following approvals this week from the Council of State, Greece’s highest administrative court. The construction license is expected to be issued within the next few weeks so construction can begin on North Star…
Tourism downturn in Las Vegas sparks fears of ‘Trump Slump’ over tariffs and foreign policy
With tourism down, gaming win on the Las Vegas Strip dropped in March for the second consecutive month with some analysts already claiming this is the first sign of the ‘Trump-slump’ caused not only by the recently introduced tariffs but also the ‘rhetoric’ surrounding new foreign policy strategies. Casinos on the Strip reported revenue of $681.7m…
Caesars Entertainment to rebrand Harvey’s Lake Tahoe into Caesars Republic this summer
Caesars Entertainment is proud to announce its plans to transform Harvey’s Lake Tahoe into Caesars Republic Lake Tahoe Hotel & Casino this summer. The $160m renovation will include state-of-the-art upgrades, luxurious accommodations and elevated dining and gaming options while immersing guests in a new, contemporary resort designed to embrace the look and feel of Lake Tahoe. The…
Las Vegas Sands pulls out of the race for one of three New York casino licences
Following concerns over the introduction of online gaming in New York and the ongoing delays in the bidding process, Las Vegas Sands has pulled the plug on its efforts to develop a $4bn casino complex at the site of the Nassau Coliseum on Long Island, New York. It is now looking to sell on its interests…
Marina Bay Sands sets best EBITDA quarter for any casino property in the world
Las Vegas Sands reported mixed results for its first quarter of 2025, with record EBITDA at Marina Bay Sands in Singapore offset by revenue declines in Macau’s non-rolling tables and increased payroll costs. Indeed the record quarter of $5,000,000 adjusted property EBITDA is believed to be a record EBITDA quarter for any gaming property in…
Holland Casino turnover down 4.1 per cent in 2024 with gambling tax rising to €222.6m
Holland Casino finished 2024 with a turnover of €784m, a decrease of €33.7m or 4.1 per cent compared to 2023, meaning the Dutch operator ended a financially challenging year better than expected. The result before corporation tax was down €1.3m, compared to a positive of €31.9m in 2023. Holland Casino Online’s revenue amounted to €85.2m, down from…
Nevada Gaming Control Board and MGM reach settlement on disciplinary complaint
MGM Resorts will pay US$8.5m as part of a settlement with the Nevada Gaming Control Board (NGCB) following a complaint over money laundering breaches involving former MGM Grand President Scott Sibella. The Nevada Gaming Control Board (NGCB) has entered into a proposed Stipulation for Settlement with MGM Resorts International, MGM Grand, and The Cosmopolitan of…
AGCO issues $120,000 penalty to Great Canadian Casino Resort Toronto for cheat scheme involving two dealers
The Registrar of the Alcohol and Gaming Commission of Ontario (AGCO) has issued a monetary penalty totalling $120,000 against Ontario Gaming GTA Limited Partnership, alleging they failed to detect a cheat-at-play and dealer collusion scheme at Great Canadian Casino Resort Toronto. In March 2024, the Ontario Provincial Police Investigation and Enforcement Bureau (IEB), embedded within the…
Saks pulls the plug on Fifth Av casino bid with another three Manhattan bids facing race against time
Whilst one Manhattan casino blueprint has been pulled altogether, another three could be in danger of missing out on bidding for one of three downstate licences due to the state’s Gaming Commission’s failure to start the environmental assessments needed to progress. Saks Fifth Avenue has confirmed it has officially withdrawn from the process to concentrate on…
