US Ban On WeChat May Backfire On American Casino Operators In Macau
U.S. President Donald Trump recently signed an executive order immediately banning the use of popular Chinese-owned apps like TikTok and WeChat. The U.S. President accuses these apps of deliberately spying on its users and working directly with the Chinese government. While the ban may have been purely political in purpose, some market analysts have noted […]
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DraftKings Bets On Return Of Sports Season As Stocks Stumble
At this point, people who buy DraftKings share are betting that the coronavirus will not impede the return of major sports leagues. Considering the current status of the pandemic in the United States, this looks to be an extremely risky bet. DraftKings Shares Took a Dive One of the main reasons DraftKings stocks took a […]
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Eldorado Becomes World’s Biggest Casino Company After Buyout Bid Approval
New Jersey Casino Control Commission approved the bid after an antitrust analyst assured that the deal that affects four of the nine casinos in Atlantic City would not concentrate the state’s gambling industry on one operator’s ownership. Commissioner Alisa Cooper and Chairman James Plousis voted for the approval of the purchase. Cooper said the states […]
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Saratoga Casino Hotel Employees Receives WARN Notices
During the lockdowns, the management furloughed the employees to minimize operational cost. Businesses around the globe reported massive losses in the last four months because of the imposed stay-at-home mandates. Casinos in the US shut down doors to guests since mid-March. State leaders gradually resumed economic activities in their territories because they are almost out […]
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Colorado Sports Debut Collects $25.6 Million From Gamblers Despite Coronavirus Lockdown
Colorado’s sports betting industry debuted on May 1. It has now generated gaming revenue amounting to $96,537.55 despite the lockdowns imposed to help curve the spread of the novel coronavirus. Casinos in many states started licensing their sportsbook operations after the lifting of the ban. Currently, not less than 22 states legalized sportsbook operations as they seek an alternative […]
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Racing Community See Hope as Casino, Bangor Raceway Reopens
The reopening of Bangor Raceway was rushed after the full-time harness track, Scarborough Downs, shutdown on Friday due to financial constraints caused by the pandemic. Cushing said the racetrack in Scarborough held races since early June without spectators and they plan to shut down until Sept. 6. Many gambling facilities like casinos and racetracks took […]
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MGM Springfield Reopens Casino, Renews Agreement With Springfield
Casinos in every state are required to adopt health and safety protocols during their reopening. State health regulators required strict implementation of coronavirus guidelines as more and more cases of the deadly virus are reported every day. MGM Springfield will resume operations after four months of no revenue, and a year and a half of […]
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New Owner Could Purchase Hammond’s Horseshoe Casino By This Year
The new merger will be known as Caesars Entertainment Inc., which will supervise the operations of three casino operations in Indiana by December 31. The commission said they are concerned that the four Caesars properties and Tropicana Casino in Evansville could cause an economic concentration in the State’s gambling industry. State legislation in 2019 gave […]
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Iowa Revenue Drops By About 20 Percent Due To Pandemic
Casinos are among the businesses that saw huge losses during the pandemic. The gambling institutions temporarily shut down because the nature of the business requires gathering a large group of people, which increases the possibility of virus transmission. The casinos remained closed for nearly four months because of the threat of the deadly disease. Governments […]
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Pennsylvania Auctions A Mini-Casino License On September 2
States started pursuing actions to recover their losses during the prolonged economic lockdown. Some states saw the potential of the gambling industry in lifting the economy back to its pre-coronavirus levels. The novel coronavirus infected more than 11 million people worldwide, killing more than half a million. The deadly virus killed more than 130,000 Americans […]
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