Indy Gaming: Expanded multi-state online gaming may not benefit Nevada
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Nevada had three online poker sites in 2014, but only one recorded a monthly revenue exceeding $1 million. Caesars and MGM are among the largest online operators in the U.S. and offer World Series of Poker tickets online. The company BetMGM is not planning to bring online gaming to Nevada. The state's gaming industry is reluctant to legalize online casino gaming. Red Rock Casinos opposed any online regulation expansion. Last year, the Nevada Gaming Control Board postponed a workshop hearing to discuss potential regulatory changes. It was never rescheduled.
Century Casinos' investors are excited about the company's purchase of Nugget Casino Resort in Sparks. The deal is expected to close early next year. Century operates two casinos in Colorado, two in Missouri and one in West Virginia. It also owns four gaming properties in Alberta, Canada. The company has an ownership stake in several casinos from Poland. Russian invasion of Ukraine has slowed the process. iReport.com: Share your thoughts on the Nugge Casino purchase. Share it with iReporter.
San Manuel Band of Mission Indians is backing two of the three sports betting legalization ballot questions the state’s voters could consider in November. The tribe is partnering with UNLV”s International Gaming Institute to explore safeguards to address problem gambling issues. San Manuel is reopening the off-Strip Palms Casino Resort on April 27. It purchased the property last year from Red Rock Resorts for $650 million. The tribal entity has implemented responsible gaming practices at its Yaamava“ property. Last year, San Manus was one of three tribes that backed a ballot question that would allow tribal casinos and four horse racing tracks to open retail sportsbooks.
Caesars Entertainment sells non-U.S.-based gaming platform it acquired in the William Hill acquisition. The revised enterprise value of the transaction dropped to roughly $2.6 billion. Caesar's will focus on selling one of its Strip casinos by possibly this summer. VICI Properties has the right of first refusal on any Caeres casino sale. In April 2021, Caedars paid $4 billion to acquire all of British gaming giant William HIll's international operations. Five months later, it agreed to sell all the international Hilts for $ 2.8 billion, including the lucrative U.s. sports betting operation.
Everi Holdings has teamed up with Scarlet Pearl Casino in D'Iberville, Mississippi to introduce a conversion system that allows customers to convert cryptocurrencies into cash. International Game Technology is paying $174.2 million for online gaming provider iSoftBet. New York City area could be worth more than $4.8 billion in gaming revenue if three casinos get the nod. MGM’s Empire City Casino, a slot machine-only casino, could get one of the licenses. It would generate $1.28 billion of gaming revenues and $ 1.45 billion overall.
