Category: News

Cosmopolitan of Las Vegas Review

Cosmopolitan of Las Vegas Review

The recent construction of the Cosmopolitan of Las Vegas, a lavish resort casino plus hotel with two tall towers, started during October 2005, in the southern part of Bellagio in the western part of the Las Vegas Strip. They declared open the resort on 15 December 2010. The project costing almost four billion dollars has close to three thousand rooms […]

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Macau Casino Revenue, China PMI May Be at Potential Inflection

Macau Casino Revenue, China PMI May Be at Potential Inflection

With wealthy Chinese driving Macau’s VIP business and the mass-market segment relying on the growing Chinese middle class, a relationship between gaming revenue growth and the China PMI leading indicator makes fundamental sense. Both have improved in recent months, with Macau revenue at a new record in October, though growth remains less than robust. Source: Bloomberg  

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Declining Macau Hotel Length of Stay Is Negative Casino Driver

Declining Macau Hotel Length of Stay Is Negative Casino Driver

A decline in length of stay is challenging Macau casino resorts’ quest to keep gamblers in the Asian gaming hub longer. While total guests at Macau hotels are rising and reached a new record in 3Q, the average length of stay has dropped more than 15% since late-2011. As a result, total monthly hotel-guest-days have been static at about one […]

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Atlantic City Shutdown Misses Peak; Hurricane Sandy Threatens 20% of Caesars Revenue

Atlantic City Shutdown Misses Peak; Hurricane Sandy Threatens 20% of Caesars Revenue

Atlantic City Shutdown Misses Peak; 4Q Revenue Usually Drops 17% Atlantic City shut all casinos Sunday afternoon in advance of Hurricane Sandy. Gaming will likely be suspended through at least Tuesday, possibly longer, with widespread flooding expected. The impact on gaming could be relatively limited given casino wins in 4Q average 17% less than the summer peak. Sandy striking during […]

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Why online bingo has become such a major craze

Why online bingo has become such a major craze

One of the major attractions of wagering online is that there is a game to suit every player’s taste, from small moving but stable roulette to the grinding action of craps, as well as all the other casino standards. These games have been around a long time, have changed little and can still be found in any land casino anywhere […]

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Asia Casinos Doubled Revenue | Caesars’ Place at the Table is 50% Larger Than Las Vegas Peers

Asia Casinos Doubled Revenue | Caesars’ Place at the Table is 50% Larger Than Las Vegas Peers

Asia Casinos Doubled Revenue Having Turned to Las Vegas Model The creation of Las Vegas-style integrated resorts in Macau and Singapore propelled more than a doubling in revenue for Asian and U.S. companies alike, including SJM, Genting, Galaxy, Melco, Las Vegas Sands, Wynn and MGM. Caesars’ and Penn National’s top-lines have been stagnant, held back by their U.S. concentration. Caesars’ […]

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Macau’s Casino Visitor Base Is Shuffling Within China

Macau’s Casino Visitor Base Is Shuffling Within China

Visitor growth to Macau has slowed notably and turned negative in mid-2012, compared to the heady 20% growth during much of 2011. While China accounts for more than 50% of Macau’s visitors and is near peak levels, the two most important specific regions for visitors, Hong Kong and Guangdong, have been declining since mid-2011. China’s Free-Spending Macau Tourists More Restrained […]

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Las Vegas Games, Odds & Hotels

Las Vegas Games, Odds & Hotels

© 2012 Casino.org

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Gambling and the USA National Debt

Gambling and the USA National Debt

© 2012 Casino.org

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Zynga’s new real-money gambling executive

Zynga’s new real-money gambling executive

Zynga has repоrtedly hired оnline gambling veteran Maytal Ginzburg tо run its real-mоney gambling ventures. Zynga has turned its ambitiоns tо оnline real-mоney gambling as its stоck prices have slumped tо a near-all time lоw tоday amid dоubt abоut its prоfitability with existing sоcial games. But its latest hire, first nоticed by Sоcial Casinо Intelligence, indicates that Zynga is in […]

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