Macau’s DICJ reported December gaming revenue of MOP20.9bn, up 15% year on year and equal to 91% of 2019 levels. Analysts at J. P. Morgan said the result likely fell short of investor expectations; Truist Securities reported that November Las Vegas Strip revenue declined 1% year on year.
The reported figures give investors and operators an update on gaming performance in Macau and Las Vegas.
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The US Equal Employment Opportunity Commission (EEOC) said a federal judge approved its settlement with Horseshoe Casino Baltimore and Caesars Entertainment on 3 November. The agreement provides former dealer Quann Massey with $130,000 in compensatory and punitive damages and $20,000 in back pay, payable within 30 days, and requires three years of workplace monitoring; it is not an admission of wrongdoing.
Horseshoe Casino Baltimore and Caesars Entertainment will pay $150,000 to an ex-dealer who, by allegation, lost his job after suffering a heart attack on a night shift. On Tuesday (Nov. 3), US District Judge Brendan A. Hurson approved the settlement, which ends the EEOC's lawsuit alleging disability discrimination and retaliation against the casino operators.
Texas lieutenant governor-elect Vikki Goodwin said she would support legislation allowing casino resorts if voters in the state wanted them. Her comments come after she defeated incumbent Dan Patrick in the election; the article also reports that Texas governor-elect Gina Hinojosa has not stated a similarly explicit position on casinos.
Goodwin told Casino.org that she would embrace legislation allowing casino resorts in Texas. Goodwin defeated Patrick on Election Day, becoming the first Democratic lieutenant governor of Texas in nearly three decades.
Colorado Governor Jared Polis proposed raising the effective tax rate on the state’s casinos to 23% from 16.1% in his final budget proposal. The proposal estimates $80.2 million in annual revenue from the gaming industry; voters would have to approve a tax increase under the state’s taxpayer bill of rights.
New York’s eight online sportsbooks generated $63.3 million in gross revenue from $615.1 million in wagers in the week ending 18 October, the New York State Gaming Commission reported. The 10.3% hold was the highest since the week ending 16 August, while revenue rose 21.4% week on week.
New York's eight online sportsbooks kept $63.3m in gross revenue from a $615.1m handle in the week ending 18 October, the New York State Gaming Commission reported. The 10.3% win rate was the highest since the week ending 16 August. Gross revenue rose 21.4% week on week, the first time online sportsbooks cleared $60m since the World Cup ended in mid-July.
Japan’s Ministry of Land, Infrastructure, Transport and Tourism said the MGM Osaka casino resort remains compliant with its approved development plan. As the project moves towards its planned 2030 opening, the ministry called for consumer-demand estimates and plans for reinvestment.
The MGM Osaka casino resort still satisfies the conditions of its approved development plan, according to Japan's Ministry of Land, Infrastructure, Transport and Tourism. With a 2030 opening targeted, the ministry sought consumer-demand estimates from the scheme's promoters, along with their reinvestment plans.