Eugene Moore

336 Posts
Caesars Entertainment Continues to Bleed Cash • This Week in Gambling

Caesars Entertainment Continues to Bleed Cash • This Week in Gambling

 May 9, 2022 Despite record breaking revenue numbers for Nevada and Las Vegas, Caesars Entertainment in hemorrhaging cash. While the company was able to generate $2.3 billion in revenue, which is up from $1.8 billion the year before, their net losses somehow increased from $423 in 2021 to $680 million this year. Part of the reason for the counterintuitive results lies in the fact that Caesars operational expenses are up over 45%. Those expenses came to $2.3 billion, which was their exact revenue that the company reported. Additionally, they lost $53 million from their digital segment, which…
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Melco Resorts Founder Lawrence Ho No Longer a Billionaire

Melco Resorts Founder Lawrence Ho No Longer a Billionaire

Posted on: May 8, 2022, 09:12h.  Last updated on: May 8, 2022, 09:12h. Melco Resorts made Lawrence Ho extraordinarily rich, but the Hong Kong-based gaming company that holds one of the six coveted casino concessions in China’s Macau is also responsible for the 46-year-old recently losing his “billionaire” tag. Melco Resorts founder, chairman, and CEO Lawrence Ho. The casino tycoon once worth more than $3 billion now has a fortune estimated to be less than $1 billion. (Image: The Japan Times)Ho is the son of the late Stanley Ho, the so-called “King of Gambling” who held a monopoly on casino…
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This Year’s Craziest Slot Title takes Inspiration from a Familiar Source

This Year’s Craziest Slot Title takes Inspiration from a Familiar Source

There have been thousands of online slot titles released over the years, covering almost every theme imaginable. Whatever topic you are interested in, you’ll probably find a slot machine related to it. From popular culture and entertainment to ancient history and fantasy, the world of slots has it all covered. Even relatively mundane topics such as gardening and cooking are featured in online casino slot titles. Creative concepts With so many topics covered, game developers must use their creativity to come up with new concepts. This can sometimes involve taking an older theme and ramping it up to a new…
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Maryland Casinos Win $170.7M in April, Fourth-Best Month on Record

Maryland Casinos Win $170.7M in April, Fourth-Best Month on Record

Posted on: May 6, 2022, 09:42h.  Last updated on: May 6, 2022, 09:53h. Maryland casinos reported strong gaming revenue last month, with players losing more than $170.7 million. MGM National Harbor’s LCD screen displays the US Capitol at sunset in 2019. The MGM Resorts property led the way in pushing Maryland casino revenue to $170.7 million in April of 2022. (Image: MGM Resorts)In April of 2021, Maryland’s six commercial gaming properties saw gross gaming revenue (GGR) climb 5.3% year-over-year on a favorable comparison. MGM National Harbor and Horseshoe Baltimore remained limited to operating at 50% capacity on ongoing COVID-19 orders.…
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Maine 34th State to Regulate Sports Betting • This Week in Gambling

Maine 34th State to Regulate Sports Betting • This Week in Gambling

We may never have all 50 states decide to regulate sports betting. But slowly and surely, more and more states are reaping the rewards of legalizing the activity, and Maine is just the latest. It looked like the state was going to pass sports betting legislation a couple of years ago, as both the State Senate and House passed legislation to do so. That bill was sent to the Governor, who vetoed the measure in a somewhat surprising move. This time around was different. This new bid to regulate sports betting in Maine gives the states Native American tribes exclusivity…
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Aspire Global Sees Q1 Revenue Increase, but Drop In Profit

Aspire Global Sees Q1 Revenue Increase, but Drop In Profit

Posted on: May 4, 2022, 09:45h.  Last updated on: May 4, 2022, 09:45h. Gaming company Aspire Global has provided its latest financial health report. Although the first quarter delivered improved revenue, the company’s bottom line fell as profits continue to drop. Tsachi Maimon, the CEO of Aspire Global, participates in an interview with CasinoBeats. The executive provided an update on the gaming company’s financial health, highlighting an increase in revenue, but a dip in net profit. (Image: CasinoBeats)Aspire Global is still enjoying “strong business momentum” as it completes the first quarter of 2022. The international B2B gambling company recorded an…
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Skulls Gone Wild Online Slot from NetGaming • This Week in Gambling

Skulls Gone Wild Online Slot from NetGaming • This Week in Gambling

The Skulls Gone Wild online slot is a 5 reel game from NetGaming with 10 paylines that celebrates the Mexican festival Día de los Muertos, or Day of the Dead. It comes with Wild Symbols and Re-Spins, and is available to play on your mobile devices. The Skulls Gone Wild online slot celebrates one of the most popular Mexican festival, Day of the Dead. Re-spins galore with symbol upgrades brings big wins with 5x multiplier, symbols to wild transformation and our favorite la fiesta feature. Our wonderful Spanish speakers will enjoy the slot Las Calaveras Locas, with our added touch…
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Star Entertainment Ex-Boss Bekier Blames Others for Company’s Failures

Star Entertainment Ex-Boss Bekier Blames Others for Company’s Failures

Posted on: May 2, 2022, 09:36h.  Last updated on: May 2, 2022, 09:36h. In New South Wales’ ongoing inquiry into Star Entertainment, former CEO Matt Bekier is dismissing his role in the casino operator’s mismanagement and money laundering. Instead, according to him, other executives should receive all of the blame. Mett Bekier, the former CEO of Star Entertainment in Australia. He asserts that he had virtually no knowledge of the casino operator’s failures. (Image: Bloomberg)Matt Bekier resigned as CEO of Star Entertainment in March, but hasn’t avoided appearing in a New South Wales (NSW) inquiry. The casino operator allegedly facilitated…
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Vegas Strip Casinos See 3rd Highest Revenue Ever

Vegas Strip Casinos See 3rd Highest Revenue Ever

The economic recovery from the Covid pandemic continues for Las Vegas Strip casinos. The Nevada Gaming Control Board has reported March was the 3rd highest monthly gambling revenue ever recorded for resorts up and down the Boulevard, while the state reached it’s 2nd highest revenue figured of all time. Strip casinos hauled in over $745 million, which was up nearly 50% from the same time last year.  As a whole, the state brought in $1.35 billion in revenue, second only to the $1.59 billion earned in July of 2021. All of this began back in March of 2021 when Nevada…
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Circus Circus Shooter Gets 20 Years for Paralyzing Las Vegas Officer

Circus Circus Shooter Gets 20 Years for Paralyzing Las Vegas Officer

Posted on: April 30, 2022, 06:15h.  Last updated on: April 30, 2022, 06:15h. The confessed shooter who critically wounded a Las Vegas Metro police officer was sentenced Friday to at least 20 years in prison. The shooting took place in 2020 outside of Circus Circus Hotel & Casino and left the officer mostly paralyzed. A wheelchair-bound Shay Mikalonis, pictured above. The mostly paralyzed former Las Vegas Metro police officer showed up in court Friday with his relatives and several police officers for the sentencing of the confessed shooter: Edgar Samaniego. He received a 20-year sentence. (Image: KTNV)Las Vegas District Judge…
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