With GambetDC as the only current option for online sports betting in Washington D.C., a council-member decided it was time to change. A new legislation has just been submitted earlier this week that would let sports betting operators such as DraftKings and FanDuel to bring their sports betting apps to the D.C. market. GambetDC was initially expected to bring in $25 million a year but ended up losing $4 million instead. A quote from council-member Silverman states, “It was a failure in terms of good government because we never should have done a sole-source contract, and it’s been a failure in operation”. With the new legislation starting to gain support in D.C. we will have to see how the future goes, but D.C. could use […]

The ongoing battle to win a New York City casino license is getting interesting as the casino operator, Caesars Entertainment announced a partnership with real estate expert SL Green for what they’re calling, “a premiere entertainment and gaming destination” that would be located in the center of Times Square. Both parties believe that Caesars Palace Time Square would provide “billions” in tax revenue for New York City as well as aiding in the economic recovery adding strong partnerships to business in the area. They also added that in addition to the boost to area businesses, they will commit to strengthening the security and traffic in the area to make visitors feel safer and limit congestion on the roads. The new proposal from the two companies […]

Las Vegas Sands Corporation (LVS) has just released their financial reports for Q3 and the numbers are up. The report showed that the companies net revenue jumped to $1.01 billion from its prior year of $857 million, a substantial jump. The company cut its year-on-year operating loss from $316 million last year to $177 million while also lowering the net loss to $380 million from $594 million. A comment from CEO Robert Goldstein states, “We remain confident in the recovery of travel and tourism spending across our markets… Our investment in our team members, our communities, and our industry-leading Integrated Resort property portfolio position us exceedingly well to deliver future growth as travel restrictions subside and the recovery in travel and tourism progresses.”