The American Gaming Association (AGA) has repeated its call for the federal government to support the US gambling industry after the last remaining commercial casinos temporarily closed their doors in response to the outbreak of novel coronavirus (Covid-19).
Table games supplier Galaxy Gaming’s revenue increased 14.5% to $21.3m for 2019 and said it remains confident that it has the funds to survive the closure of many casinos due to the outbreak of Covid-19.
The American Gaming Association (AGA) has urged federal government to offer additional support to the gambling industry as the market continues to feel the effect of the novel coronavirus (Covid-19) pandemic.
Churchill Downs Incorporated’s net revenue for 2019 increased 33.0% to $1.33bn, thanks mostly to the building and acquisition of new casinos, though this expansion also weighed on the operator's bottom line.
Penn National Gaming (PNG) has entered into an exclusive sports wagering and online casino partnership with Barstool Sports, in a deal that will also see the operator acquire a 36% stake in the digital sports media company.
Caesars Entertainment reported a 2.3% revenue increase to $2.24bn for the third quarter of 2019, but the operator swung to a loss due to impairment costs from the company’s sale of the Rio All-Suites Resort & Casino for a lower fee than the company’s valuation.
Online casino games provider Red Rake Gaming has sealed its first social casino supply deal in the US, agreeing to provide free-to-play content to the Wind Creek Hospitality (WCH) authority of the Poarch Band of Creek Indians.
Casino operator MGM Resorts International has agreed to sell its iconic Bellagio Las Vegas property and form a joint venture with Blackstone Real Estate Income Trust, in a deal worth $4.25bn. MGM has also struck a deal to sell Circus Circus for $825m to an affiliate of Treasure Island owner Phil Ruffin.