Seven trending gaming industry stories that will impact your casino Revenue Strategy.
1. Nevada Casinos Hits an October Hot Streak
Casinos in Nevada had their richest month in more than five years in October.
According to gambling regulators, casinos across the state won more than $1 billion from gamblers in October. This represents a 7.5% year-over-year increase and is the fifth month the state’s gaming industry has eclipsed the $1 billion mark in 2018.
2. Minnesota Racino Breaks Ground on New Hotel
Earlier this month, the Running Aces Casino & Racetrack in Columbus, Minn. broke ground on a new 116-room hotel, a joint venture between facility owner RAHP, LLC and GrandStay Hospitality, LLC. The property, which is now under construction, is scheduled to open in early December 2019.
3. The Cosmopolitan Doubles Down on Comps
The Cosmopolitan of Las Vegas is widening its effort to boost business by offering high-end amenities such as a private jet service for elite clients, new penthouses with city views and an exclusive gaming parlor for deep-pocketed players.
Starting January 1, The Cosmopolitan will no longer charge guests separately for parking and valet service. Instead, parking will be among the amenities incorporated into the resort fee, which will rise from $35 to $39, reports the Las Vegas Review-Journal.
4. Pennsylvania Gets in on Sports Betting
On December 15, Philadelphia’s SugarHouse Casino and Pittsburgh’s Rivers Casino became the latest casinos to launch sports betting operations in the state of Pennsylvania. This now brings the total number of sportsbooks in the Commonwealth up to three, after Hollywood Casino launched its sportsbook in November.
5. “The American Sports Gambler” Named Most Influential in Sports
The SportsBusiness Journal recently named the American Sports Gambler as “the most influential person in the sports business” as gambling has expanded beyond casinos to include sports betting and mobile wagering.
The Journal also recognizes a handful of people associated with sportsbook operations and the professional leagues in the US that are helping to help expand sports betting across the country.
6. Revenues Dip at New England Casinos
Gambling revenues at casinos in Massachusetts and Connecticut were down in November, reports the Associated Press. (Rhode Island’s two casinos haven’t yet reported their November revenue numbers.)
7. TBD on Whether Off-Duty Casino Worker Can Gamble in Macau
Macau’s Legislative Assembly will decide today, December 18, whether to ratify a measure that would officially prohibit the city’s 54,000 casino employees from entering the gaming floor of all local casinos for any purpose other than to work.
The bill has the support of Macau’s government, which identified casino workers as the most likely demographic to develop a gambling addiction.
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