Industry Headlines

By Sadonna Price

New Bill Could End RI’s Sports Betting Monopoly

June 5, 2025

Summary: Senate Bill 748 would end Bally’s exclusive contract and allow 3–5 sports betting apps to operate starting in 2026. DraftKings and others argue competition would improve user experience and increase state revenue. Bally and Lottery officials warn that the change could reduce state profits and strain oversight resources. Rhode Island’s long-standing, single-operator sports betting […]

By Sadonna Price

Fontainebleau Las Vegas Lays Off Dealers Amid Industry Slowdown

May 29, 2025

Summary: Fontainebleau Las Vegas has laid off roughly 60 table games dealers. The exact number has not been officially disclosed. The decisions are a result of Strip casinos facing declining revenue and changing visitor behavior. Fontainebleau Las Vegas has recently let go of a significant number of table games dealers, according to multiple sources familiar […]

By Sadonna Price

State Senate Clears Key Hurdle for Citi Field Casino Plan

May 28, 2025

Summary: The State Senate voted to reclassify parkland near Citi Field, advancing Steve Cohen and Hard Rock’s $8 billion casino project. The plan still faces community opposition and competition for one of three downstate casino licenses. The bill now awaits Gov. Kathy Hochul’s decision, with no clear indication of her support. Steve Cohen’s vision for […]

By Sadonna Price

Operating Engineers Local 501 Inks Union Contract with The Venetian

May 22, 2025

Summary: The IUOE Local 501 has signed a first-time, 5yr contract. The agreement covers 400 workers and includes raises, bonuses, health care, training, and a pension plan. The Venetian praised the partnership, while Wynn/Encore and Fontainebleau remain non-union with Local 501. After years of organizing and negotiations, Operating Engineers Local 501 has officially ratified its […]

By Sadonna Price

U.S. Commercial Gaming Revenue Hits Record $72bn in 2024

May 14, 2025

Summary: Gaming revenue grew 7.5% year-over-year, driven by surging igaming and mobile sports betting. A total of 28 states hit new records, with North Carolina and Vermont reporting revenue for the first time. Industry outlook is cautiously optimistic, with executives expecting increased investment and growth despite economic headwinds. The U.S. commercial gaming industry reached an […]

By Sadonna Price

RWLV Prioritizes Compliance and Recovery After Challenging Year

May 8, 2025

Summary: Resorts World Las Vegas is going into “recovery mode” amid revenue dips and a $10.5 million fine for compliance violations. Non-gaming areas like conventions, food and beverage, and retail are strong. Leadership changes are aimed at driving further growth. Resorts World Las Vegas is working to rebound after a turbulent stretch, with company leadership […]

By Sadonna Price

MGM Resorts Sees Modest Dip in Q1 Revenue, Looks Ahead with Confidence

May 1, 2025

Summary: MGM Resorts’ Q1 2025 revenue dropped 2% year-over-year, partly due to the absence of a Super Bowl boost. MGM’s partnership with Marriott drove over 440,000 room nights through April. Major remodels and expansion plans, NYC & Japan confirmed. MGM Resorts International reported a 2% decline in revenue for the first quarter of 2025, bringing […]

By Sadonna Price

Sho-Pai and Coeur d’Alene Tribes Partner Up for New Idaho Casino

April 16, 2025

Summary: The Shoshone-Paiute Tribes of the Duck Valley Reservation intends to build a new casino in Idaho. Sho-Pai has partnered with Coeur d’Alene, the tribe that will fuel the project upfront and oversee its development and management. The project envisions a development spread across 557 acres, with around 40 used for the casino. A third […]

By Jayson Peter

Digital Casino Stocks, More Resilient as New Tariffs Shake the Market

April 9, 2025

Summary: Stocks of digital-first gaming companies declined less than those of traditional casino operators. Companies with heavy international operations were hit the hardest. Investors confident in U.S.-based operators with an online focus. President Donald Trump’s announcement regarding new tariffs on foreign goods has started to ripple through the stock market. As expected, casino operators are […]

By Sadonna Price

Fitch Lowers Bally’s Credit Rating Amid Chicago Casino Risk

April 1, 2025

Summary: Fitch Ratings has lowered Bally’s credit score from “B” to “B-.” The call comes amid concerns regarding its Chicago casino plans. Despite its cash reserves and important funding from GLPI, Bally’s is looking at important long-term obligations. NYSE-listed Bally’s Corporation has recently faced an important credit rating decrease from “B” to “B-”. Fitch Ratings, […]