Todays News 1/5/19 NTG
May 1st, 2019 at 11:31:25 AM
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News of the Day 1/May/2019.
Anyone is welcome to Discuss any News that is HERE or add Gaming-News HERE.
1. Palms renovation draws attention, but net income decreases for Red Rock Resorts. http://bit.ly/2ZMoAsi
* An increase in charges and write-downs combined with a drop in the fair value of derivative investments to yield a first-quarter net income decrease from a year earlier for Red Rock Resorts. However, revenue rose and topped Wall Street forecasts.
2. MGM Resorts reports 13 percent increase in net revenues in Q1. http://bit.ly/2UQPGdY
* After sending a letter to employees announcing 254 managers had been made redundant and more positions would be eliminated in coming weeks, CEO Jim Murren said the first quarter came 'slightly better than expected,' with consolidated net revenues up by 13% and Adjusted EBITDA up 5%.
3. Tennessee governor to allow sports betting to become law without signature. http://bit.ly/2ZKUEg5
* Despite being opposed to the legalization of gambling, Gov. Bill Lee says he will allow a Tennessee sports betting bill to become law without his signature.
4. March Madness overtakes NFL's sports betting in Mississippi. http://bit.ly/2GRzcgX
* NCAA's tournament generated USD 24.9 million in basketball bets, the highest number since sports betting was legalized last summer. In February, Mississippi was among the states that took a loss on the Super Bowl, and revenue was USD 25.1 million, the lowest since football season started. Mississippi and Delaware are the only two states where sports betting are allowed that haven’t legalized mobile operations.
5. Casino gaming's economic impact in other states rivals N.J. http://bit.ly/2VEoeok
* New Jersey still ranks among national leaders in terms of casino gaming’s economic impact, but other states, including nearby competitors, are gaining ground, according to a recent report.
6. Wynn Resorts fined $35M by Massachusetts for misconduct allegations response. http://bit.ly/2J7R367
* Gambling regulators in Massachusetts on Tuesday levied a $35 million fine on Wynn Resorts but allowed the company to keep its state casino license and open its Boston-area resort as planned after executives failed to disclose years of allegations of sexual misconduct against company founder Steve Wynn.
7. U.K. Rank Group reports marginal digital growth in Q3. http://bit.ly/2DIhKun
* The Rank Group has reported marginal revenue growth across its digital business in the third quarter of its financial year, though group revenue remained flat due to a lack of growth across its land-based operations.
8. Las-Vegas Advisor. http://bit.ly/2GVSS4q
9. North Carolina: Bill making casino nights for charities lawful gets final OK. http://bit.ly/2GSkFRY
* A bill heading to North Carolina Gov. Roy Cooper’s desk makes clear charities aren’t breaking the law by holding occasional casino “game nights” as fundraisers as long as they follow new restrictions.
Anyone is welcome to Discuss any News that is HERE or add Gaming-News HERE.
1. Palms renovation draws attention, but net income decreases for Red Rock Resorts. http://bit.ly/2ZMoAsi
* An increase in charges and write-downs combined with a drop in the fair value of derivative investments to yield a first-quarter net income decrease from a year earlier for Red Rock Resorts. However, revenue rose and topped Wall Street forecasts.
2. MGM Resorts reports 13 percent increase in net revenues in Q1. http://bit.ly/2UQPGdY
* After sending a letter to employees announcing 254 managers had been made redundant and more positions would be eliminated in coming weeks, CEO Jim Murren said the first quarter came 'slightly better than expected,' with consolidated net revenues up by 13% and Adjusted EBITDA up 5%.
3. Tennessee governor to allow sports betting to become law without signature. http://bit.ly/2ZKUEg5
* Despite being opposed to the legalization of gambling, Gov. Bill Lee says he will allow a Tennessee sports betting bill to become law without his signature.
4. March Madness overtakes NFL's sports betting in Mississippi. http://bit.ly/2GRzcgX
* NCAA's tournament generated USD 24.9 million in basketball bets, the highest number since sports betting was legalized last summer. In February, Mississippi was among the states that took a loss on the Super Bowl, and revenue was USD 25.1 million, the lowest since football season started. Mississippi and Delaware are the only two states where sports betting are allowed that haven’t legalized mobile operations.
5. Casino gaming's economic impact in other states rivals N.J. http://bit.ly/2VEoeok
* New Jersey still ranks among national leaders in terms of casino gaming’s economic impact, but other states, including nearby competitors, are gaining ground, according to a recent report.
6. Wynn Resorts fined $35M by Massachusetts for misconduct allegations response. http://bit.ly/2J7R367
* Gambling regulators in Massachusetts on Tuesday levied a $35 million fine on Wynn Resorts but allowed the company to keep its state casino license and open its Boston-area resort as planned after executives failed to disclose years of allegations of sexual misconduct against company founder Steve Wynn.
7. U.K. Rank Group reports marginal digital growth in Q3. http://bit.ly/2DIhKun
* The Rank Group has reported marginal revenue growth across its digital business in the third quarter of its financial year, though group revenue remained flat due to a lack of growth across its land-based operations.
8. Las-Vegas Advisor. http://bit.ly/2GVSS4q
9. North Carolina: Bill making casino nights for charities lawful gets final OK. http://bit.ly/2GSkFRY
* A bill heading to North Carolina Gov. Roy Cooper’s desk makes clear charities aren’t breaking the law by holding occasional casino “game nights” as fundraisers as long as they follow new restrictions.
Last edited by: MrCasinoGames on May 1, 2019
Stephen Au-Yeung (Legend of New Table Games®) NewTableGames.com
May 1st, 2019 at 12:54:01 PM
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8. AC’s LV Advisor. Is this now a free publicly posted newsletter? Years ago you had to pay a membership fee to read it.
May 1st, 2019 at 12:58:28 PM
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Quote: Boz8. AC’s LV Advisor. Is this now a free publicly posted newsletter? Years ago you had to pay a membership fee to read it.
I think Kurt still charges for it.
At my age, a "Life In Prison" sentence is not much of a deterrent.
May 1st, 2019 at 1:03:42 PM
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Mostly U.S. news yet he posts the date backwards as they do in Europe.
I tell you it’s wonderful to be here, man. I don’t give a damn who wins or loses. It’s just wonderful to be here with you people.
https://wizardofvegas.com/forum/gambling/betting-systems/33908-the-adventures-of-mdawg/
May 1st, 2019 at 1:07:10 PM
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Quote: MDawgMostly U.S. news yet he posts the date backwards as they do in Europe.
Yes MDawg, You are right.
I will do it like this next time (May/2/19 NTG).
Stephen Au-Yeung (Legend of New Table Games®) NewTableGames.com
May 2nd, 2019 at 6:40:10 AM
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Quote: MrCasinoGamesYes MDawg, You are right.
I will do it like this next time (May/2/19 NTG).
Todays News May/2/2019 is now up and runing. http://bit.ly/2DE8jfF
Any Comment on this?
Stephen Au-Yeung (Legend of New Table Games®) NewTableGames.com
