Nevada sports books handled more than $132 million in bets for Super Bowl 50, setting a new record. Last year, gamblers placed $116 million in wagers on the Super Bowl. Casinos kept about $13.2 million of this year's wagers while paying out more than $13.3 million to winning gamblers.
The Florida House plan to consider three different gaming bills this week, including one authorizing a renewed gaming compact between the Seminole tribe and Fla. Gov. Rick Scott. The $3 billion compact would allow the tribe to offer roulette and craps as well as new table games.
Blackstone Group has succeeded in attracting more gamblers to the Cosmopolitan Las Vegas with higher bet limits of $200,000. The company acquired the casino on the Las Vegas Strip at the end of 2014, and casino revenue climbed 13% for the first nine months of 2015. "We're a unique luxury brand with a twist," said Bill McBeath, president and CEO of the Cosmopolitan.
Critics say the Illinois Gaming Board is applying inconsistent criteria when approving video gaming licenses. The board has denied licenses for some businesses in the same strip mall, but it has approved licenses for stores located next door to each other. "The distinction is: If we know there's a plan to create what we consider a mini-casino, there's not going to be support for it," said Donald Tracy, chairman of the gaming board.
Las Vegas sports books said they expected to surpass $100 million in Super Bowl wagers for the third consecutive year. Jimmy Vaccaro of the South Point said he "would be pretty disappointed if we don't do a record number, based on the early money." The record to beat is $119.4 million wagered on the 2014 Super Bowl.
Alter City, based in Macau, could build a temporary casino in the Northern Mariana Islands while a permanent casino is under construction. However, a temporary casino would require an amendment of the Tinian Casino Gaming Control Act, which currently requires a hotel for any casino operations.
Tattoo parlors and mixed martial arts competitions are two of the innovative ways casinos are attracting millennial visitors. However, some executives say casinos need to strike a balance. "You can't over-emphasize millennials to the detriment of your other customers," said Ray Pineault, general manager of the Mohegan Sun in Connecticut.
Penn National Gaming reported 12.7% revenue growth for the fourth quarter. Penn National didn't report net income for the quarter because the company is in the process of restating earnings dating back to 2013. Penn National owns the Tropicana Las Vegas and M Resort in Las Vegas, as well as other casinos across the US.
Nevadans for Affordable, Clean Energy Choices has proposed a constitutional amendment to allow customers to choose utilities in the state. The proposal needs to gather about 55,000 signatures to make it onto the November ballot. MGM Resorts International, Las Vegas Sands and Wynn Resorts recently applied to leave NV Energy but face $126 million in combined exit fees.
Evolution Gaming plans to debut a live casino studio in partnership with Napoleon Games. The studio, located in Belgium, will feature French and Flemish card dealers. The studio is expected to open at the end of the month.
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