News

GMA quoted in GGB News

Massachusetts Sports Betting Not A Sure Thing

Massachusetts should have little trouble passing sports betting legislation.  Yet a bill with positive support in 2019 – with backing from the Governor – went nowhere.  Same thing in 2020.

As for 2021, well Massachusetts lawmakers agreed to a $627 million economic development deal January 5, at the end of a legislative session.

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GMA quoted in the Las Vegas Review Journal

Association working on ways to boost travel industry’s recovery

By Bailey Schulz

The U.S. Travel Association is ready to kick-start the recovery of the travel industry, which has so far suffered more than $500 billion in pandemic-related losses.

Heads of the nonprofit organization said Wednesday that they are working with the Biden administration on policies that can be implemented within the president’s first 100 days in office.  While these efforts could help economic revivals in tourism-dependent cities like Las Vegas, the USTA acknowledged roadblocks to recovery, including a potential new federal mandate that would require COVID-19 testing for domestic flights.

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GMA quoted in the Las Vegas Review Journal

Goldstein, Dumont elevated to leadership of Las Vegas Sands

By Richard N. Velotta

Las Vegas Sands Corp. on Tuesday named Robert Goldstein its chairman and CEO to officially succeed Sheldon Adelson in those roles.  Patrick Dumont was named the company’s president and chief operating officer.

Adelson died Jan. 11 after a battle with non-Hodgkin lymphoma.

The company also selected Randy Hyzak ass chief financial officer.

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GMA quoted in Las Vegas Review Journal

Virginia, Michigan become latest to offer sports betting on apps

By Richard N. Velotta

Virginia and Michigan became the 19th and 20th states to offer legal sports wagering on apps last week.

Both states started up prior to the National Football Conference and American Football Conference championship games played Sunday and provide plenty of lead time before Super Bowl LV, which will be played in Tampa on Feb. 7.

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Article by Brendan Bussmann published in Global Gaming Business Magazine

Windy City Gaming

By Brendan Bussmann

Casinos in urban environments, not always the norm, have offered challenges in certain jurisdictions.

Major markets such as Philadelphia have had casinos near downtown for years.  Pittsburgh and Detroit also feature casino gaming in downtown settings.  The Washington D.C. market, with MGM National Harbor, has also made an impact.  But in recent years, more developers have embraced urban environments to meld properties into the fabric of the greater communities they serve.  Two of the more recent examples were in Massachusetts, with MGM Springfield and Encore Boston Harbor.

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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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