As of now Nevada is looking on pace to not only break but shatter their 2021 gaming revenue record and they could do it in only eleven months. The month of October set the milestone for Nevada’s 20th consecutive month with over $1 billion in state gaming revenue. In just the first 10 months of 2022 Nevada gaming revenue is at $12.3 billion, a 12% increase from the 2021 year end of $13.4 billion. Las Vegas strip casinos were responsible for most of the revenue, recording $6.8 billion through October. A quote from one of the control board members comments on the report saying that the combined markets apart from the Las Vegas strip saw a 10.6% revenue growth and were key factors in the […]

A new partnership between two industry giants has just been announced. The deal marks a multi-year partnership between DraftKings and Churchill Downs for pari-mutual wagering on its famed horse racing. The details show that DraftKings will move forward with the launch of DK Horse, a new standalone app that will allow its bettors to place wagers on horse racing. The launch is planned to come before the upcoming Kentucky Derby in May 2023, with app available for the 21 states that DraftKings operates in. A quote from Bill Carstanjen, the CEO of Churchill Downs Incorporated states, “We believe the depth and quality of our online offering through TwinSpires is unmatched in horse racing… We are excited to establish this relationship with DraftKings and to deliver […]

After the recent announcement that Wynn Macau’s gaming license will be reinstated, the operator has announced new plans for their casino. The official announcement shows that Wynn Macau will put forward MOP 4.8 billion (US $596.4 billion) into Wynn Resorts Macau (WRM) as well as implementing some new changes. A quote from the board of directors states they, “will conduct a capital restructuring, so that WRM’s registered capital can be increased from MOP 200.1 million to MOP 5 billion.” The plan involves a voting rights increase for their Vice Chairman, COO, and Executive Director Linda Chen from 10% to 15% for Class B and Class C shares as well as 10% voting rights Class A shares. Chen has also been noted as the new official […]