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Faces of Gaming: Joe Asher — From the newsstand and racetrack to sports-betting icon

March 9, 2024 - Few gaming industry executives have a background that is as authentic and was as initially disruptive as Joe Asher. It could come straight out of a Damon Runyon short story.... Read more »

Wall Street Bets: Analysts take on Alabama, DraftKings, NJ sports betting, Chinese New Year

February 20, 2024 - Alabama gambling legislation Analyst David Katz of Jefferies examined the possibility of Alabama legalizing gambling. “HB151, a proposed constitutional amendment that would allow gambling through land-based casinos, a state lottery,... Read more »

Wall Street Bets: Macau gaming, gaming industry trends, NY sports betting, U.S. lodging

December 11, 2023 - Macau gaming In a Dec. 11 note, Jefferies equity analyst David Katz looked at gaming in Macau. “We expect a neutral reaction to the latest update as gaming revenue is... Read more »

MGM CEO: Las Vegas properties well positioned in “golden triangle of sports”

September 7, 2023 - MGM Resorts CEO and President Bill Hornbuckle said the company’s Las Vegas casino-resorts are in the garden spot to benefit from events at Allegiant Stadium, T-Mobile Arena, and the planned... Read more »

Brazil plans to tax revenue from sports betting firms at 15%

April 6, 2023 - Brazil’s Finance Ministry is expected to levy a 15% tax on the revenue of sports betting companies, in addition to requiring a fee of 30 million reais ($5.93 million) to... Read more »

Brazil’s finance minister seeks definitive tax terms for sports betting

March 15, 2023 - Brazil’s sports betting prospects have received a boost this week, as Minister of Finance Fernando Haddad assured federal stakeholders that he will soon present a ‘provisional tax framework’ for licensed... Read more »

Esports video games hold vast betting potential, experts say

October 18, 2022 - ATLANTIC CITY, N.J. (AP) – Competitive video games hold vast economic potential in the U.S. and worldwide, particularly once gambling companies figure out how to interest players and spectators in... Read more »

Wynn Resorts hopeful about Macau, ready for Massachusetts sports betting

October 12, 2022 - Executives of Wynn Resorts expected eight submissions for six casino licenses in Macau, meaning two challengers in addition to the six incumbents. Only one challenger — Genting Group — showed... Read more »

Indiana allowing sports wagers on seven Winter Olympic events

January 23, 2022 - INDIANAPOLIS (AP) – Indiana gamblers will be able to put some wagers down on events during the upcoming Winter Olympics. The state Gaming Commission this past week authorized Indiana casinos... Read more »

MGM Resorts ‘acknowledges’ suggestion from investor that it sell 20% of MGM China

January 7, 2021 - MGM Resorts International said it “acknowledges” a request Wednesday from an Asian investment firm that suggested the casino operator sell 20% of its Macau casino holdings to a Chinese company... Read more »