First, the good news: Casino-related employment in Atlantic City rose by 5,749 jobs last year, driven by Hard Rock Atlantic City and Ocean Resort, which added 6,927 souls to
the work force. The bad news? Hiring remains otherwise stagnant, with Hard Rock and Ocean Resort both trimming their work forces by about 15% as the year wore on. Economic analyst Jim Kennedy, late of the Casino Reinvestment Development Authority cautioned that all the hiring has not translated into a wider economic benefit, such as housing starts or non-casino jobs. “When you hire the numbers of employees that we’ve seen at the two new casinos, there are usually secondary benefits. None of that has happened,” Kennedy told The Press of Atlantic City.
Understated Division of Gaming Enforcement Executive Director Daniel Rebuck, “We had a lot of bad years, but for the last few years we’ve been in a better position than we were three or four years ago. We just need to Continue reading

the Department of the Interior for not signing off on the project, which
(three). Early money favored the Rams by a point but an influx of sharps bets moved the line in New England’s favor. However, sports books missed big time in the projection of 57 total points scored. Whoops. Oddsmaker Pete Prisco gets a nod for
This was particularly impressive given a 23% decline in convention attendance. Even with so many fewer conventioneers, hoteliers were able to push room rates almost 12% higher, to an average of $128/night, on 81% occupancy (87.5% on weekends). Visitors to Vegas numbered nearly 3.3 million, with 222,000 of them conventioneers. Drive-in traffic was strong, up 4%, with a 3% increase in Californians.
6% ($292 million) despite flat coin-in. The house lost big-time on table games, with 3% less win on 9% greater wagering. Las Vegas locals casinos cleaned up, with slot win — possibly fattened by late-November coin-in — vaulting 23% for an overall gain of 20%, on 2% higher coin-in and despite on less weekend day. The Strip grossed $566 million, while Downtown checked in with $59 million (26.5% higher) and North Las Vegas leapt 18% to $23 million. The Boulder Strip rocketed 45% higher, to $68 million, and miscellaneous Clark County casinos raked in $100.5 million for an 8% hop. Laughlin was a comparative underachiever, up only 4.5% on $32.5 million. Reno slipped 2.5% to $54 million while Lake Tahoe skilled 9% to finish with $17 million.
found a magical elixir in its fourth-quarter report. Net revenue at Wynncore was up 3% to $393.5 million, Wynn Macau slipped 5% to $553.5 million but Wynn Palace jumped 13% to $740.5 million. Impressive. It helped make up for a 60.5% cost increase in the “executive expense” category. Occupancy at Wynncore ran at 88.5%, room rates averaged $315 and room revenues were $279/average (up 13%, besting Las Vegas Sands‘ 6%). Table game wagers increased 18% to $508.5 million, slot coin-in was up 8.5% to $904.5 million and win/slot/day was $350, up 4.5%. Table revenues were $114 million, slots $58.5 million, increases of 12.5% and 3% respectively. On the other side of the ledger, promotions and discounts were up 19% as Wynn Resorts spent $67 million to buy business. The Macao-derived revenues were 11% higher than Wall Street consensus expected.
that Las Vegas and Los Angeles are pawns in the conference’s attempts to shake down Santa Clara for a better deal. Both cities are building stadiums and both of those venues would be in relatively close proximity to a major international airport, Los Angeles’ new stadium would be four miles from LAX, Vegas’ even closer to McCarran International Airport. Whoever gets the game can look forward to an influx of 35,000 tourists, based on recent stats. The City of Angels will have the bigger seating capacity but Sin City is already playing host to the Pac-12 men’s basketball championship, to be played at T-Mobile Arena. (Funny how sporting leagues are suddenly drawn to Las Vegas now that the Supreme Court has said sports betting is kosher.) Call it a standoff at this point and root for the Strip.
became pregnant with his child.” This led to the $7.5 million payoff that got Steve Wynn and Kim Sinatra bounced from Massachusetts.
justify a Las Vegas residency, starting May 31 at the Zappos Theater (an improvement on whatever moniker it had before) at Planet Hollywood. In rolling out the news, Aguilera punched all the Xpected buttons: “The Xperience is going to be my most ambitious show yet. Getting to perform in this adult playground we call Las Vegas is inspiring me to bring forth all of my talents in a mind-blowing theatrical experience – song, dance, visuals and uninterrupted high energy. For years I have been collecting ideas and concepts that have yet to be implemented on my stages, and Las Vegas is the perfect opportunity for me to collectively showcase my artistry. I cannot wait to bring you into The Xperience.”
guest rooms, will be called Caesars Republic Scottsdale and will be the company’s first non-gaming hotel in the U.S.,” reports AZ Central. The hotel aspires to four-status and its actual operation, interestingly, will be farmed out to Aimbridge Hospitality. Caesars is primarily lending its land and — this is crucial — its Total Rewards membership program. So Caesars-friendly guests can rack up loyalty points without even visiting a casino. Since completion is not expected until 2021 it shouldn’t be a surprise that matters like cost, size of workforce and hiring dates
of the conversation. However, their actions will be the real statement. We are in a ‘wait and see’ scenario to find out exactly how they will enforce their position. How will they pursue the law on intrastate vs interstate and what qualifies as an illegal breach in our modern age of cloud computing? What level of priority will the United States Attorney’s office assign to hundreds of prosecutors across the nation? How aggressive will they be? How much support will The White House give?” — Global Sports Financial Exchange CEO Zack Ward on the Trump administration’s reversal of the Obama administration’s construal of the Wire Act.
will pay