gambling - Skift

Caesars Bets on Growing Its Business With Non-Gaming Hotels

Deanna Ting, Skift

We’re putting our money on the Cromwell and LINQ brands to do well with the hotel owner/developer set, which is increasingly looking for upscale lifestyle and select-service brands. As for the Caesars Palace and Flamingo brands — they're so inextricably tied to Vegas and to gaming, it'll be hard to convince guests otherwise.

2 weeks ago

Atlantic City’s Fortunes May Revive Thanks to a Ruling on Sports Betting

Elise Young and Stacie Sherman, Bloomberg

Last year walking the Atlantic City Boardwalk in New Jersey felt like visiting a ghost town. But the city's tourism business will hopefully jump thanks to just-legalized sports betting, the Hard Rock's about-to-debut property, and a surge in fashion outlet shops.

1 month ago

Supreme Court Decision on Sports Betting Will Hurt Vegas, Right? You’ll Be Surprised

Dan Peltier, Skift

What happens in Vegas, stays in Vegas — except now sports betting, as other states look to swoop in and take their share of the multibillion market. But guess what? Vegas will survive.

1 month ago

Chinese Billionaire Hopes to Transform Korea’s Jeju Island Into Next Big Gambling Spot

Blake Schmidt and Yoojung Lee, Bloomberg

If the success of Macau is any proof, it's that betting big on building integrated resorts throughout Asia is a sure thing in the long run. That is why so many destinations, from Singapore to Japan to Korea, are attracting developers who want to cash in.

2 months ago

The Prospect of China Opening Up Hainan to Gambling Could Impact the Global Travel Industry

Bloomberg

The issue of opening up Hainan to gambling could have a huge impact if it signals more broadly that China wants to turn more inward and keep its growing middle class traveling at home rather than abroad.

2 months ago

Asian Casino Operator Melco Has European Ambitions in Cyprus

Georgios Georgiou, Bloomberg

Melco's challenge is less about getting Asian tourists, such as the massive Chinese market, to recognize its brand in Europe than it is to convince them to take long-haul trips to casinos when they have options much closer to home.

5 months ago

Florida Politicians Aren’t Sure if More Gambling Is Right Step For Tourism

Gary Fineout, Associated Press

No matter how it's sliced and diced, Florida's tourism industry is poised for significant changes this year as state politicians decide on the future of tourism marketing funds, casino and gambling expansion and more during the next few months.

1 year ago

Macau’s Economic Growth Stalls Amid Chinese Austerity Campaign

Michelle Yun, Bloomberg

As Chinese culture begins to look down upon displays of extravagant wealth, those with means will look elsewhere to enjoy and bet their economic prowess, creating an opportunity for nascent gaming centers.

4 years ago

Australia’s Crown Resort Rumored to Bid $2 Billion for Cosmopolitan Las Vegas

Reuters

The Cosmopolitan has yet to turn a profit, but Crown would be taking over at time when both visitor numbers and spend are on the rise on the strip. The high-profile purchase would finally give Crown a presence in the Vegas market.

4 years ago

Casinos Could Soon Be Legal in Japan, And Set Off a Tourist Boom

Reuters

Gambling remains illegal in Japan, one of the world's last untapped gaming markets and, with a wealthy population and proximity to China. Imagine the possibilities.

5 years ago

Donald Trump bets online gambling will debut in New Jersey and he’s looking for a partner

Christopher Palmeri, Bloomberg

Atlantic City has had its struggles, and now the advent of online gambling in New Jersey could benefit the casinos financially, but also could make an actual visit to the fading city almost an after-thought.