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Macau Casino Income Reached Post-COVID High as Horse Racing Ends
The gambling industry in Macau has good news and bad news. The good news is that Macau casino income reached a record high after the pandemic. However, after learning about the termination of Macau Jockey Club’s concession contract with the government, horse racing fans are sad. The weathered Taipa Racecourse hosted hundreds of spectators over […]
Gambling Lobbyists Look into Legalizing Online Sports Betting in Nebraska
A group of the nation’s top online sports gambling firms and Ho-Chunk Inc., the economic development department of the Winnebago Tribe, want to legalize online sports betting in Nebraska. The coalition also comprises DraftKings, Caesars, BetMGM, and FanDuel. The group wants to survey Nebraskans’ interest in allowing online sports betting via a constitutional amendment. Ho-Chunk […]
Striking Casino Workers Continue Negotiations with MGM Grand Detroit
Last month, casino employees from three casinos in Detroit launched a strike. They wanted better working conditions, higher wages, reduced workload, and job security. Also, the strike saw thousands of housekeepers, dealers, and other casino workers protest for over a month. On November 19, MotorCity Casino and Hollywood Casino at Greektown employees ended their strike. […]
Nevada Lottery Bill Picks Up Steam Despite Opposition from Casino Industry
A Nevada Lottery bill proposed the establishment of a state lottery. However, casino operators opposed the idea because it could eat into their revenue stream. In addition, lottery operators from California are afraid the new lottery would attract bettors away from them. Truckee Gaming is a licensed retailer of the California Lottery. It sells tickets […]
2023 Casino GGR in Macau is Estimated to Be $16 Billion
The government estimated the 2023 casino GGR in Macau to hit $126 billion. It is based on the budget proposal released last Friday. However, the government expects a fiscal deficit despite the aggregate income of MOP69.5 billion. As a result, Macau authorities set aside MOP36 billion to cover the budget deficit. According to the Office […]
