Industry Headlines

By Sadonna Price

Las Vegas Strip’s Vici Properties Reports $2.7bn Profit in 2024

February 21, 2025

Summary: Vici Properties reported a 6.5% increase in net income for 2024, reaching $2.7 billion. Leasing revenue went up 5%, while loan income surged 71%. Despite annual growth, Q4 net income dropped 18% due to credit loss provisions, while total revenue rose 4.7% year over year. Vici Properties, the largest property owner on the Las […]

By Sadonna Price

Navajo Nation Tribe to Build Second Casino in Flagstaff, AZ

February 11, 2025

Summary: The Navajo Nation will develop the Lower 89 Project, a second casino on a 13.79-acre site near Flagstaff. Plans will include up to 300 gaming machines and reopening the historic Horsemen Lodge steakhouse. The project will generate 300 temporary construction jobs and more than 100 permanent positions. A second Navajo casino is set to […]

By Sadonna Price

Florida Decoupling Bill Gets 14-4 Votes of Support During First Hearing

February 6, 2025

Summary: A new bill could let Gulfstream Park run its casino without hosting live racing. Passed its first challenge in the Florida House of Reps on Wednesday. Approved by the Subcommittee with a 14-4 vote. Legislation in Florida that would allow Gulfstream Park to operate its casino without the requirement to host live racing took […]

By Sadonna Price

LVS CEO Concerned About NY iGaming Growth Amid Long Island Project

January 30, 2025

Summary: LVS is facing increasing concerns about online gaming. Concerns are tied to its recent plan for a $6bn resort on Long Island, New York. CEO Rob Goldstein addressed related key challenges during the fourth-quarter earnings call. While focused on its global growth, with emphasis on Macau and Singapore, the leading developer and operator of […]

By Sadonna Price

Cedar Rapids Casino Could Attract 2.25bn Economic Growth in the First Decade

January 21, 2025

Summary: A proposed Cedar Crossing Casino in Cedar Rapids could generate a $2.25 billion economic impact over its first decade. According to a new study, if approved, the casino could bring substantial economic growth to Cedar Rapids and surrounding areas. The benefits would include more than $43.5 million in tax revenue; state and local contributions […]

By Sadonna Price

Hard Rock Las Vegas, on Track for 2027 Grand Opening

January 16, 2025

Summary: Hard Rock Las Vegas executive Frank Cassella updated Nevada gaming regulators on the resort’s progress. The exec confirmed that the 2027 opening remains on schedule, and preparations are well underway. Construction is currently focused on demolition and the early stages of building a 700-plus-foot guitar-shaped tower along the Strip. Frank Cassella, senior vice president […]

By Sadonna Price

Judge Clears Last Hurdle for Koi Casino Approval Near Windsor

January 14, 2025

Summary: A federal judge ruled against Graton Rancheria’s request to delay the Koi Nation’s proposed resort-casino project, The decision allowed the approval process to proceed, marking a significant win for the Koi Nation and a setback for opponents. Construction near Windsor could begin in 2026 and last two years. A federal judge has ruled against […]

By Sadonna Price

Virginia Lawmakers to Reconsider Casino Plan for Fairfax County

January 9, 2025

Summary: Virginia lawmakers Senate Majority Leader Scott Surovell’s proposal to build a casino in Fairfax County’s Tysons area. The legislation would authorize a referendum, allowing Fairfax County voters to decide on the project. The plan includes a hotel, concert venue, and convention center alongside the casino. With Virginia lawmakers preparing for the 2025 legislative session, […]

By Sadonna Price

Station Casinos Initiates $116M Phase II Durango Expansion

January 7, 2025

Summary: Station Casinos has initiated the $116 million Phase II expansion of its newest property, Durango Casino & Resort. The 12-month project will include over 25,000 square feet of additional casino space and a new parking garage with 2,000 spaces. The expansion follows the successful debut of the property that opened in December 2023. Leading […]

By Sadonna Price

New Casino Opens in New Hampshire as Gaming Keeps Growing

December 19, 2024

Summary: Revo Casino and Social House officially opened its gates to the public on Wednesday. The Lebanon, Grafton County-based facility is a $10.5 million transformation project of a former Honda dealership. New Hampshire now hosts 12 charitable casinos which generated $139M in 2024. The expansion of New Hampshire’s casino scene doesn’t seem to be anywhere […]