News

Brendan Bussmann quoted in the Las Vegas Review Journal

Caesars execs to get pay raises as thousands furloughed or laid off

by Bailey Schulz

As thousands of furloughed or laid off Caesars workers worry about making ends meet, five company executives are set to receive pay raises.

Members of the company’s board of directors approved the raises Wednesday, according to documents filed with the Securities and Exchange Commission.

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Brendan Bussmann quoted in CDC Gaming Reports

Sports betting legislation in Massachusetts halted despite high-powered backing

by Howard Stutz

Despite a quartet of proponents that included daily fantasy giants DraftKings and FanDuel, MGM Resorts International, and the Boston Red Sox, a push for legal sports betting in Massachusetts ended Wednesday night.

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Brendan Bussmann quoted at MassLive.com

Massachusetts Senate’s economic development bill moves forward without proposal to legalize sports betting

by Steph Solis

Proponents of sports betting held out hope this month that Massachusetts lawmakers would pass legislation to legalize sports betting, possibly as part of a multi-million-dollar economic development bill.

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Brendan Bussmann quoted in the Las Vegas Review Journal

Hornbuckle named new president, CEO of MGM Resorts

by Richard N. Velotta and Bailey Schulz

MGM Resorts International executive Bill Hornbuckle has had the ‘acting’ removed from his title: He’s now officially the company’s president and CEO.

The company announced Wednesday afternoon that after a nationwide search, MGM’s board of directors concluded that Hornbuckle was the right person to succeed Jim Murren, who stepped down as chairman and CEO earlier this year.  Hornbuckle has held the acting president and CEO title since March.

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Article by Brendan Bussmann published in Global Gaming Business Magazine

Southern Exposure

by Brendan D. Bussmann

The United States hosts a diverse set of gaming options from coast to coast.  The gaming-rich Northeast continues to be dominated by strong regional destination casinos such as Encore Boston Harbor, Mohegan Sun, Borgata and Wind Creek Bethlehem.  The Midwest remains the focus of the riverboat gaming.  Tribal gaming also prevails across the country from North Carolina to Oklahoma and all along the West Coast.

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Brendan Bussmann quoted in the Las Vegas Review Journal

CES cancels 2021 in-person Las Vegas show, moves online

by Bailey Schulz and Richard N. Velotta

Any hope for tens of thousands of heads in beds in Las Vegas resorts for CES 2021 have officially be laid to rest.

CES, the massive technology show that kicks of Las Vegas conventions every year, will have an exclusively digital format in 2021, the sponsoring Consumer Technology Association announced Tuesday.

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Brendan Bussmann quoted on SportsHandle.com

Suspension of In-Person Registration Rule in Illinois Set to Expire

by Chris Altruda

It appears to be back to the book for patrons interested in sports betting in Illinois.  The Executive Order issued by Gov. J.B. Pritzker suspending the in-person provision to register for a mobile/online wagering account is on track to expire when the clock strikes midnight Sunday night/Monday morning.

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Brendan Bussmann quoted in the Las Vegas Review Journal

Eldorado closes on $17.3B deal to acquire Caesars Entertainment

by Richard N. Velotta

Though it took more than a year to close the deal, Eldorado Resort Inc.’s $17.3 billion acquisition of Caesars Entertainment Corp. is finally done, triggering a new flurry of layoffs.

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Brendan Bussmann quoted in the Las Vegas Review Journal

As COVID-19 cases rise, fewer tourists come to Las Vegas

by Bailey Schulz

Foot traffic in Las Vegas casinos is starting to slow as the number of COVID-19 cases continues to rise.

Roughly 350,000 visitors were estimated to in Clark County casinos Saturday, the lowest Saturday count since casinos reopened June 4, according to a Monday note from J.P Morgan analyst Joseph Greff.  More than 400,000 were in casinos the Saturday the week prior, and roughly 550,000 on July 4.

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Brendan Bussmann quoted on SportsHandle.com

Virginia’s Proposed Sports Betting Regulations Don’t Raise Major Red Flags

by Jill R. Dorson

The Virginia Lottery on Wednesday rolled out its proposed sports betting rules, and it appears to be taking direction from legal sports betting states regulated by gaming boards, rather than lotteries.

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