MGM Grand in Las Vegas held a skill-based golf tournament for cash over the weekend at Golfstream's laser course in the resort's interactive lounge. For a $20 entry fee, participants could bet and compete in putting, closest-to-the-pin and longest drive challenges.
Reno, Nev.-based Eldorado Resorts created a $17 billion regional gaming business and expanded its property by 12 new properties after acquiring Isle of Capri Casinos. With the $23-per-share purchase, Eldorado now owns 19 properties in 10 states.
Attributing gains to research and development investments, Scientific Games saw a 4.3% increase in revenue year over year for the first quarter. Gaming machine sales revenue rose, and the company recorded more table product sales.
Massachusetts lawmakers are reviewing online casino gaming to determine what effect it would have on the state's fledgling casino industry, Senate President Stan Rosenberg says. Two Las-Vegas style casinos under construction in the state are scheduled to open in the next two years.
The Ho-Chunk Nation has asked a judge to reject a lawsuit by a rival tribe seeking to halt Ho-Chunk's plans to expand a northern Wisconsin casino. The Stockbridge-Munsee Band of Mohican Indians has sought a preliminary injunction against the Ho-Chunk's effort to add more than 100 slot machines, table games, a hotel and restaurant to its Wittenberg casino.
Owners of the Treasure Island Resort & Casino in Minnesota have upgraded the facility's Lagoon water park with an activity pool. The new addition includes space for water volleyball, an indoor deck and warm-water spa.
Harrah's Resort Southern California has rebranded itself as "Funner, California" and has elected David Hasselhoff as its mayor. The celebrity will appear in online video, print, radio, mobile, social and billboard advertising as competition from other area casinos heats up.
After Caesars Entertainment Operating Co. emerges from bankruptcy this year, its parent wants to makes use of more than 90 Las Vegas acres it owns, including property fronting Caesars Palace. "We have plans to basically develop all of that very valuable center-strip property as soon as we emerge," says CEO Mark Frissora.
This year's Global Gaming Expo Asia enjoyed a 27% boost in attendance from 2016 with a record 14,000 people. The number of stands promoting online gaming services and products increased, and the sector is expected to continue growing in 2018.
Social casino games are expected to bring in 7% to 10% more revenue globally this year, rising from last year's earnings of more than $3.7 billion, according to JP Morgan Securities. International expansion is likely to be a key growth factor for the sector as smartphones become more widespread.
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