Industry news
While industry news is filled with online gaming updates, the digitization of gambling to support user convenience remains the defining contemporary trend of iGaming. The Innovation of Digitization Today, social or “casual” gaming platforms are being integrated with online gaming and live money jackpot technology systems. Pre-dating the Digital Age, as well as the Industrial age, the majority of casino gambling's 400-year-plus history revolves around land-based operations of course. Phone bets in the mid-20th century were the first real innovation...
Casino stocks have run into quite the spate of bad luck. Heavily exposed to the Asian gaming wonderland of Macau, Las Vegas Sands and Wynn Resorts have lost 30 and 40 percent of their value in a year, respectively. The declines come as Macau gaming revenues drop dramatically due to a corruption crackdown from the Chinese government. Macau Chief Executive Fernando Chui Sai On gave little reason for encouragement on Monday, when he urged the Chinese special administrative region to...
MGM has already made big plans for a resort in Japan and gaming isn't even legal there yet. There was once a dream that visitors to Japan for the 2020 Summer Olympics would be welcomed with giant new casinos that would boost the country's tourism and bring in much-needed cash to pay for the games. For years, proposals that would legalize gambling have been floated, and gaming giants such as Las Vegas Sands (NYSE: LVS ) , Wynn Resorts (NASDAQ:...
THEIR working day often starts at dusk or while the rest of us are tucked up in bed, but being on the job at night has not darkened these workers’ outlook on life, with many saying they wouldn’t swap having their days free for a regular 9-5 career. Cynthia Newman, 40, dealer/floor manager, Brisbane Treasury Casino & Hotel, Shift: 8pm-4am I grew up in Victoria, with my parents, older brother and sister. When I came to Brisbane (at 19) I...
Despite being on his way out of office, Nevada Assemblyman Harvey Munford is making a last-ditch effort to add lotteries to the list of games permitted by the interstate compact. Currently, poker is the only form of gambling that the state of Nevada allows online. Munford's proposal was submitted to skeptical members of the Legislative Operations and Elections Committee on Thursday. Much of the skepticism arises from a 40-year history of resistance to a statewide lottery, despite dozens of attempts....