News

GMA quoted in the Las Vegas Review Journal

Gaming Abstract shows just how big the industry’s economic hole is

by Richard N. Velotta

To say Nevada’s largest casinos had a rough 2020 fiscal year would be a huge understatement.

The Nevada Gaming Control Board on Friday released the Nevada Gaming Abstract 2020, a 179-page statistical report calculating revenue from gaming, food and beverage, rooms and other sources for 267 casinos across the state that grossed $1 million or more in gaming revenue during the fiscal year that ended June 30.

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GMA quoted on SportsHandle.com

Experts Predict Which States Will Add Sports Betting In 2021

by John Brennan

Gaming industry insiders on Thursday’s iGaming Business virtual panel offered their expertise on the changes of a wide variety of states either legalizing sports betting this year or adding mobile sports betting to their offerings.

And as has been the case of late, the eyes of the panel were on Texas – traditionally a state very resistant to any form of gambling.

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GMA quoted in the Wire China

The Playtika Prize

by Eli Binder

Shares of Playtika, one of the world’s hottest mobile gaming startups, soared about 17 percent on the first day of trading Friday, after the company raised nearly $2 billion in a huge initial public offering on the Nasdaq Stock Market.

The Israel-based maker of casino-style apps like Slotomania and World Series of Poker has more than 30 million active monthly users globally and generates about 70 percent of its business from gamers based in the United States.

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GMA quoted in The Nevada Independent

Las Vegas Sands’ future rests with Miriam Adelson and her nearly 57 percent ownership

By Howard Stutz

Long before the passing of Las Vegas Sands Chairman and CEO Sheldon Adelson, the casino company he founded and commanded with his overwhelming presence for more than 32 years, was going through a transformation.

That’s commonplace for a gaming conglomerate with operations on two continents, a worldwide workforce of more than 50,000 and a market capitalization of $45 billion.

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GMA quoted in the Las Vegas Review Journal

Adelson’s death unlikely to change Las Vegas Sands’ course, experts say

by Bailey Schulz

For the first time since its inception in 1988, Las Vegas Sands Corp. is without CEO and Chairman Sheldon Adelson.

The company revolutionized the gaming and hospitality industries in Las Vegas and abroad under Adelson, who died Monday night from complications related to treatment for non-Hodgkin’s Lymphoma at the age of 87.

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GMA quoted in the Las Vegas Review Journal

iGaming to make waves in 2021.  But not in Nevada.

by Bailey Schulz

In certain parts of the U.S., placing a bet on a round of slots or roulette is as easy as pulling out a smartphone or booting up a computer.

But not in Nevada.

Industry watchers say online casinos, also referred to as iCasinos or iGaming will spread to more markets in 2021 as states reeling from the pandemic’s economic impacts look for new forms of tax revenue.  While the Silver State offers online poker, experts say it’ll take years before it broadens its online gaming offerings.

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GMA quoted in the Las Vegas Review Journal

New York sports betting wouldn’t harm Las Vegas, experts say

by Bailey Schulz

New York is ready for mobile sports betting, according to Gov. Andrew Cuomo.

On Wednesday, the governor announced that he would propose legislation that would authorize online sports betting during next week’s State of the State address.

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GMA quoted on GamingToday.com

Adelson taking medical leave from Las Vegas Sands

by Buck Wargo

Wall Street and the gaming industry weighed in Thursday on the announcement that Las Vegas Sands Chairman and CEO Sheldon Adelson would be taking a leave of absence to resume treatments for non-Hodgkin’s lymphoma as the company’s Las Vegas properties are on the sale’s block.

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GMA quoted on MassLive.com

Massachusetts sports betting proposal cut out of economic development bill as lawmakers push past traditional deadline

By Steph Solis

The last-minute economic development deal reached late Tuesday confirmed what casino operators, major league sports owners and sports betting evangelists feared: Massachusetts lawmakers won’t legalize sports wagering – at least not yet.

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GMA quoted in the Wall Street Journal

MGM’s Bid for Ladbrokes Bets Online Gambling Can Help Casinos’ Odds

by Katherine Sayre

U.S. casino operators are wrestling for control of an online-and sports-gambling market that has softened the blow of Covid-19 closures, but there is a long way to go before digital wagering can match the profits from bricks-and-mortar casinos.

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