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June 1, 2023
June 1, 2023

North Carolina Senate to Vote on House Bill 347, Potentially Legalizing Statewide Sports Wagering

House Bill 347 in North Carolina aims to legalize widespread sports wagering in the state. The bill would allow adults to place bets on various sports through electronic devices and establish eight in-person sportsbooks at venues across the state. The Senate is expected to vote on the bill, and if it passes, it would still need approval from the House and the governor before becoming law, potentially delaying the implementation until mid-June 2024. The legislation has undergone significant modifications, including changes to the tax rate, deductions for promotional credits, and the allowance of in-person cash betting at specific sports venues. The bill also outlines the allocation of funds generated from license fees and taxes, including contributions to gambling addiction education and treatment programs, grants for […]
May 31, 2023
May 31, 2023

Resorts World Las Vegas, owned by Genting Earnings

Resorts World Las Vegas, owned by Genting Berhad, experienced a decline in revenue but a slight increase in cash flow in the first quarter of the year. The 3,500-room resort generated $218 million in revenue, down from $227 million in the previous quarter. However, cash flow from the revenue reached $50 million, compared to $47 million in the previous quarter. The resort’s nongaming offerings accounted for 75% of its revenue, driven by a mix of headliners in the showroom, including Carrie Underwood, Luke Bryan, and Katy Perry. Genting plans to focus on building mass market business in 2023 to expand its customer database and boost convention business on weekdays. The resort achieved an average daily room rate of $280 with hotel occupancy running at nearly […]
May 30, 2023
May 30, 2023

Las Vegas Sands has opened its $2 billion British-themed Londoner Casino in Macau

Las Vegas Sands has opened its $2 billion British-themed Londoner Casino in Macau. CEO Robert Goldstein stated that the company’s investment in Macau is likely to far exceed the amount pledged as part of the recent concession process. The $3 billion to $4 billion of pledged investment is considered “irrelevant” compared to what the company plans to spend in Macau. Goldstein emphasized that the company’s actions demonstrate their commitment. Revenues from Macau rose 132% year-over-year to $1.28 billion, and Macau property EBITDA returned to profit at $398 million. The Londoner features five hotels, nearly 6,000 rooms, and iconic British landmarks such as Big Ben and the House of Parliament. Analysts noted that investors are currently focused on concerns such as China’s macro environment, a slowing […]
View NFL Weekly Projections
June 1, 2023
June 1, 2023

North Carolina Senate to Vote on House Bill 347, Potentially Legalizing Statewide Sports Wagering

House Bill 347 in North Carolina aims to legalize widespread sports wagering in the state. The bill would allow adults to place bets on various sports through electronic devices and establish eight in-person sportsbooks at venues across the state. The Senate is expected to vote on the bill, and if it passes, it would still need approval from the House and the governor before becoming law, potentially delaying the implementation until mid-June 2024. The legislation has undergone significant modifications, including changes to the tax rate, deductions for promotional credits, and the allowance of in-person cash betting at specific sports venues. The bill also outlines the allocation of funds generated from license fees and taxes, including contributions to gambling addiction education and treatment programs, grants for […]
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May 31, 2023
May 31, 2023

Resorts World Las Vegas, owned by Genting Earnings

Resorts World Las Vegas, owned by Genting Berhad, experienced a decline in revenue but a slight increase in cash flow in the first quarter of the year. The 3,500-room resort generated $218 million in revenue, down from $227 million in the previous quarter. However, cash flow from the revenue reached $50 million, compared to $47 million in the previous quarter. The resort’s nongaming offerings accounted for 75% of its revenue, driven by a mix of headliners in the showroom, including Carrie Underwood, Luke Bryan, and Katy Perry. Genting plans to focus on building mass market business in 2023 to expand its customer database and boost convention business on weekdays. The resort achieved an average daily room rate of $280 with hotel occupancy running at nearly […]
Do you like it?
Read more
May 30, 2023
May 30, 2023

Las Vegas Sands has opened its $2 billion British-themed Londoner Casino in Macau

Las Vegas Sands has opened its $2 billion British-themed Londoner Casino in Macau. CEO Robert Goldstein stated that the company’s investment in Macau is likely to far exceed the amount pledged as part of the recent concession process. The $3 billion to $4 billion of pledged investment is considered “irrelevant” compared to what the company plans to spend in Macau. Goldstein emphasized that the company’s actions demonstrate their commitment. Revenues from Macau rose 132% year-over-year to $1.28 billion, and Macau property EBITDA returned to profit at $398 million. The Londoner features five hotels, nearly 6,000 rooms, and iconic British landmarks such as Big Ben and the House of Parliament. Analysts noted that investors are currently focused on concerns such as China’s macro environment, a slowing […]
Do you like it?
Read more