Las Vegas – GamblersNews https://gamblersnews.com Betting News Hub Mon, 11 May 2020 19:32:14 +0000 en-US hourly 1 https://wordpress.org/?v=5.8.10 https://gamblersnews.com/wp-content/uploads/2019/01/cropped-gambling-icon-32x32.png Las Vegas – GamblersNews https://gamblersnews.com 32 32 USA Based Casino Operators Discussing Post Pandemic Possibilities for Las Vegas https://gamblersnews.com/usa-based-casino-operators-discussing-post-pandemic-possibilities-for-las-vegas/1543/ https://gamblersnews.com/usa-based-casino-operators-discussing-post-pandemic-possibilities-for-las-vegas/1543/#respond Mon, 11 May 2020 19:32:14 +0000 https://gamblersnews.com/?p=1543 Officials of some of the leading, most prominent casino operators based in the United States are holding internal, informal meetings to discuss future business possibilities for the gambling capital. More specifically, representatives of the biggest casino operators are discussing ways to resume operations and open their Las Vegas-based venues once the coronavirus pandemic concludes. According […]

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Officials of some of the leading, most prominent casino operators based in the United States are holding internal, informal meetings to discuss future business possibilities for the gambling capital. More specifically, representatives of the biggest casino operators are discussing ways to resume operations and open their Las Vegas-based venues once the coronavirus pandemic concludes.

According to one report released by the Bloomberg news outlet, these informal meetings between casino operators that concern the most iconic casino destination also examine whether the state of Nevada’s officials should allow smaller-scale businesses to re-open first to get the local residents back to work. These smaller businesses in question here are located near the iconic Las Vegas Strip.

The same news outlet also reported that all casino gambling-friendly venues located in the state of Nevada will remain closed until at least the end of this month. Executives of these facilities have also discussed the possibility of establishing specific venues that would allow all casino works and some tourists to easily get tested for the highly-contagious coronavirus strain.

Ideas for Re-Opening Las Vegas Casinos

Officials of the most iconic casino operators which are responsible for Las Vegas-based casinos also discussed a variety of other ideas regarding ways to re-open their venues. One idea is to open such venues with a reduced capacity including opening only one-third of hotel rooms, screening all guests and visitors for elevated pressure as well as requiring all of casino and hotel employees and workers to wear gloves and masks. Another idea is to institute significantly increased distances between slot machines and gaming tables.

As reported on the 21st of April, the highly-contagious, potentially-deadly coronavirus strain has killed over 42,000 individuals in the United States as well as infected over 800,000 individuals while over 73,000 of them have recovered. For this reason, the casino executives and officials have discussed whether to request from local union to institute a series of rathe enhanced cleaning measures and techniques to combat the spread of the highly-contagious coronavirus.

Commenting on this possible request, Geoconda Arguello-Kline working for the Culinary Workers Union of the Local 226 branch said that facilities of all sorts have to include more people in order to ensure that all areas which are frequented by visitors, players and other guests are always clean. She added that the Local 226 branch is asking the firms to conduct more cleaning across all areas and these include their casino floors, hotel rooms, bars, and others.

The Richest Casino Market Globally

The casino market in Las Vegas is doubtlessly the riches, the most thriving in the world as it is packed with a variety of iconic casino facilities that are operated by a handful of prominent casino operators including Wynn Resorts Limited, Las Vegas Sands Corporation, MGM Resorts International and Caesars Entertainment Corporation.

These companies were ordered to temporarily close down their facilities including hotels and casino floors for at least thirty days. The order came from Nevada Governor Mr. Sisolak who made the decision back on the 18th of March. Once the period of thirty days was over, the initial shutdown period was extended until the 30th of April. With this date approaching, Las Vegas-based casino operators are discussing ways to combat the negative consequences of the coronavirus crisis as well as ways to get back to work and start welcoming guests while at the same time protecting every worker, employee, visitor and everyone else.

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Nevada Casino Industry Negatively Impacted by Coronavirus Fears https://gamblersnews.com/nevada-casino-industry-negatively-impacted-by-coronavirus-fears/1428/ https://gamblersnews.com/nevada-casino-industry-negatively-impacted-by-coronavirus-fears/1428/#respond Mon, 06 Apr 2020 21:01:04 +0000 https://gamblersnews.com/?p=1428 As reported by several news outlets, the value of shares in several of the most prominent Nevada-based casino operators dropped significantly following ongoing coronavirus fears. Some of these venues have seen dramatically reduced numbers in tourists and visitors which consequently affected the value of shares in such companies especially after the 5th of March. According to […]

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As reported by several news outlets, the value of shares in several of the most prominent Nevada-based casino operators dropped significantly following ongoing coronavirus fears. Some of these venues have seen dramatically reduced numbers in tourists and visitors which consequently affected the value of shares in such companies especially after the 5th of March. According to local news outlets, the appearance of the highly-contagious coronavirus strain in the state could cause further reductions in visitor numbers.

According to one recent report by the Reno Gazette Journal news outlet, The Silver State recorded its very first case of the coronavirus strain on the 5th of March. This news immediately caused dramatic drops in the individual shares’ prices in local casino operator Las Vegas Sands Corporation which went down to by around 4.1% to hit just $54.88. What is even more, this decline in the value of shares was even more prominent and serious for the Caesars Entertainment Corporation company.

Coronavirus Disease Latest Situation Report

According to the World Health Organization and its latest report on the highly-infectious coronavirus strain, over 105 000 cases of infection are confirmed globally with over 3600 cases being new cases. In China, over 81 000 individuals have been infected while the COVID-19 virus has claimed the lives of over 3100 individuals just in China. According to the latest report by the World Health Organization, eight new countries have reported their first cases of infection in the past twenty-four hours.

Over one hundred countries have confirmed cases while the global risk assessment in very high.  The 2019-2020 coronavirus outbreak is a serious, ongoing global outbreak of COVID-19 or coronavirus disease which is caused by SARS coronavirus 2 or severe acute respiratory syndrome coronavirus 2. The virus which was first identified in the Chinese city of Wuhan in late December of last year has been declared by world health organizations as a Public Health Emergency of International Concern.

Disappointing Revenue Figures for Nevada Casino Operators

As mentioned in the first section, the most recent decline in the value of shares in several of the most prominent Nevada-based casinos has also caused disappointing revenue figures. The decline was very prominent for the Caesars Entertainment Corporation company as its stock value dropped by around 5.69% to hit just $11.27. At the same time, the Boyd Gaming Corporation company suffered a more serious 9.3% drop.

Even more serious decrease in the value of shares was recorded by the Wynn Resorts Limited company whose shares’ value dropped by around 9.5% to reach $95.62. Another Nevada-based casino operator affected is MGM Resorts International which recorded a drop of 11.5% to hit around $20.60.

According to the Reno Gazette Journal news outlet, the Red Rock Resorts Incorporated company that is responsible for the Red Rock Casino Resort and Spa venue suffered the most prominent drop back on the 5th of March following its shares’ value dropping by around 13.8% to hit only $16.5.

The same news outlet also shared that casino operators in the state expect the casino market to remain rather volatile in the time to come due to the ongoing coronavirus outbreak. Commenting on the issues, UBS Global Wealth Management Chief Investment Officer Mark Haefele said that the unpredictive nature of the growing coronavirus threat both perceived and real is not quantifiable, at least not yet so the global response cannot be judged as insufficient or sufficient.

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The Plaza Hotel and Casino in Las Vegas Hosting Battle Royal Demolition Derby at Its Core Arena https://gamblersnews.com/the-plaza-hotel-and-casino-in-las-vegas-hosting-battle-royal-demolition-derby-at-its-core-arena/1419/ https://gamblersnews.com/the-plaza-hotel-and-casino-in-las-vegas-hosting-battle-royal-demolition-derby-at-its-core-arena/1419/#respond Fri, 03 Apr 2020 21:07:48 +0000 https://gamblersnews.com/?p=1419 One of the most iconic Las Vegas-based gambling venues and hotels, The Plaza Hotel and Casino owned by Tamares Group will be hosting the Casino Battle Royale Demolition Derby at the iconic Core Arena. This event lasts for three days and it kicks off on the 26th of March and lasts until the 28th of March. […]

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One of the most iconic Las Vegas-based gambling venues and hotels, The Plaza Hotel and Casino owned by Tamares Group will be hosting the Casino Battle Royale Demolition Derby at the iconic Core Arena. This event lasts for three days and it kicks off on the 26th of March and lasts until the 28th of March. Demolition derby is a very famous motorsport. When it comes to the Casino Battle Royale demolition derby, it is the biggest derby of this kind in the west.

The event is produced by Stirrin Dirt Racing which is doubtlessly the largest promoter of such events in the sector. As mentioned on the official website of the hosting venue, the upcoming Casino Battle Royale Demolition Derby is a family-friendly event that took place for the first time at the iconic Core Arena in March of last year. Thanks to its major success, the event returns this year and it is expanded to three days of extreme fun.

The Casino Battle Royale Demolition Debry Details

As expected from such a major event, the upcoming Casino Battle Royale Demolition Derby will not be short on awesome entertainment. As revealed by the host, the derby will include a great variety of hearts including mini cars, farm tracks as well as iron trucks and even more. Those who are interested in the event can purchase tickets online and there are both three-day and single-day options offered.

As revealed by the host of the event, entertainment at the After Party will be provided by the famous Snake Pit Pro Wrestling Academy with awesome wrestling action taking place three on-site. Visitors to the event will be also entertained by showgirls who will be here in attendance in order to provide the demolition derby winners with their well-deserved trophies.

Single-day tickets cost $45 while three-day tickets are $135. Moreover, there are also options to get discounted tickets for the event offered to visitors of The Plaza Hotel and Casino. On the 28th of March, The Plaza Hotel and Casino will also be hosting a great After Party. This After Party event is fully free of charge and as expected, it will feature drink specials and great music.

Fun for All Ages Coming to Downtown Las Vegas

Sharing his thoughts about the upcoming Casino Battle Royale Demolition Derby was The Plaza Hotel and Casino Chief Executive Officer Jonathan Jossel who said that the upcoming event produced by iconic Stirrin Dirt Racing at the iconic Core Arena will doubtlessly sell out which was the case with the previous events of this kind. He also added that the event brings fun for both males and females as well as kids of all ages and it definitely attracts more people to come to the downtown area of Las Vegas.

While The Plaza Hotel and Casino prepares for the upcoming event, it has been also busy with exciting new offerings including its brand-new weekly podcast named On the Corner of Main Street which will revolve around the latest information concerning gaming and other entertainment events in this area.

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DraftKings Opens Its Fifth Office in San Francisco https://gamblersnews.com/draftkings-opens-its-fifth-office-in-san-francisco/1388/ https://gamblersnews.com/draftkings-opens-its-fifth-office-in-san-francisco/1388/#respond Mon, 30 Mar 2020 22:09:03 +0000 https://gamblersnews.com/?p=1388 DraftKings is one of the most prominent American sports betting and fantasy sports providers founded in Boston in 2012. The company today hundreds of employees with a total of five offices in different locations following opening its brand-new office located in San Francisco. This move will help the Boston-based company to expand its presence on […]

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DraftKings is one of the most prominent American sports betting and fantasy sports providers founded in Boston in 2012. The company today hundreds of employees with a total of five offices in different locations following opening its brand-new office located in San Francisco. This move will help the Boston-based company to expand its presence on the West Cost.

Back on the 15th of January this year, DraftKings also opened its Las Vegas-based office which employs over three hundred individuals. This one was the company’s third office. Back on the 26th of March last year, DraftKings also celebrated the opening of its refurbished Boston-based office with a grand opening ceremony.

The main Boston office is located in the Back Bay neighborhood. It is situated on the biggest single-floor office in the city as it covers over 105,000 square feet which is more than double the size of the company’s previous Boston office. Besides opening its brand-new San Francisco office, the company also opened offices in Las Vegas, Nevada, and Hoboken, New Jersey in the last ten months.

DraftKings Launching Mobile Sportsbook in New Jersey

DraftKings as one of the most prominent American sports betting operators allows its customers to place wagers on all sorts of sports and leagues including five major leagues in the USA including the PGA, NBA, NFL, NHL, and MLB. Besides, its punters can also place real money wagers on all sorts of other sports and leagues including the UEFA Champions League, Premier League, NASCAR, Canadian Football League, MMA, tennis, auto racing, soccer and more.

Back in August of 2018, the company became the very first fully legalized sports betting operator offering mobile wagering after launching its New Jersey-friendly mobile sportsbook. Since launching its New Jersey sportsbook, the company has launched mobile sportsbooks in New Hampshire, West Virginia, Pennsylvania, and Indiana.

DraftKings also offers retail sports betting activities to residents of New York, Mississippi, and Iowa. Before these major successes, the company reached a business agreement to merge with FanDuel back in November of 2016. However, the merger deal was canceled back in July of 2017 after being blocked by the main regulator Federal Trade Commission since the combined entity would control over ninety percent of the entire market share.

DraftKings Brand-New San Francisco Office

Commenting on the news about opening its brand-new San Francisco office, President and Co-Founder of DraftKings Matt Kalish said in his official press release that San Francisco represents a perfect combination of technology, culture, and design. He also added that the company’s hard-working, committed marketing team could not be any more delighted to finally channel the spirit of the entire Bay Area in making DraftKings one of the most influential West Coast fixtures.He also added that his company will continue to provide all sports betting fans and enthusiasts with the most creative, exciting sports betting content.

The company’s newly-opened San Francisco office occupies over 4,750 square feet. It is located in the downtown area of the city. The entire fourth floor is the company’s office and it wears murals of some of the most iconic athletes and views of this region including Golden Gate Bridge and Steph Curry. This contemporary space is also home to the company’s marketing and tech personnel. The Boston-based company has experienced impressive internal growth since October 2018 as its headcount increased by around forty percent. DraftKings remains committed to expanding its business after launching its sports betting app for residents of Iowa back on the 19th of February.

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Las Vegas Does Not Welcome Marijuana at Gambling Facilities https://gamblersnews.com/las-vegas-does-not-welcome-marijuana-at-gambling-facilities/526/ https://gamblersnews.com/las-vegas-does-not-welcome-marijuana-at-gambling-facilities/526/#respond Tue, 18 Jun 2019 22:25:46 +0000 https://gamblersnews.com/?p=526 Gambling is a massive industry in Las Vegas which we usually refer to as the gambling capital and there is a reason for this. In Las Vegas, players can find all sorts of gambling facilities and numerous land-based venues. The Strip also features all sorts of fun and thrills offered by gambling activities including all […]

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Gambling is a massive industry in Las Vegas which we usually refer to as the gambling capital and there is a reason for this. In Las Vegas, players can find all sorts of gambling facilities and numerous land-based venues. The Strip also features all sorts of fun and thrills offered by gambling activities including all sorts of table games, slot machines, video poker games, and much more in one place.

While Las Vegas is often times regarded to as the Sin City, its marijuana laws are not as liberal as some people want them to be. Speaking of marijuana laws in Nevada, weed is legal as of the 1st of January when the state’s representatives made history by deciding on the legalization of recreational marijuana use. Thanks to this Regulation and Taxation of Marijuana Act, marijuana became legal.

The Regulation and Taxation of Marijuana Act

By this act, anyone who is over twenty-one years old can possess, buy and consume recreational marijuana. However, there are still many posed laws which govern how marijuana consumers can buy pot, where they can consume it, how much they are allowed to possess and which individuals can cultivate cannabis for their own purposes.

When it comes to Las Vegas cannabis laws, marijuana is legal, but it does not mean that consumers can buy pot from just anyone nor that they can consume pot in every place. Speaking of purchasing, they only completely legal way to obtain marijuana is from the state-regulated, fully licensed dispensary and retail shops. Just like with alcoholic beverages, consumers have to provide their ID or any other identification document which proves that they are at least twenty-one years old.

According to the act, anyone who is over twenty-one years old including both Nevada visitors and residents can have up to an ounce of marijuana flower. What consumers really wonder is whether is it legal to consume marijuana in public including gambling facilities located on the Strip. The answer is no. In fact, everyone who consumes marijuana in any public place such as in cars, retail store and anywhere else can be fined up to $600 and charged for a misdemeanor.

This means that marijuana consumers can smoke only on their private properties hidden from the public eye. Consumers can also be fined for possessing more than one ounce of marijuana or more than twelve marijuana plants. Moreover, driving under the influence of marijuana is also punishable just like drunk driving. When it comes to cultivation of marijuana, first-time offenses are fined with a $600 misdemeanor as well.

Marijuana Not Welcome for Some Time to Come

Despite more liberal Nevada marijuana laws, marijuana is not welcome at gambling facilities in Las Vegas at least not for some time to come according to the most recent panel held at the International Conference on Gambling & Risk Taking. This comes as no surprise considering the fact that federal laws are still working on regulating cannabis rules which until changes made is considered an illegal drug.

While the state voted to make recreational cannabis consumption legal back in 2017, gambling facilities are on the right side of the law as federal laws are not as liberal as the state’s voters. Since all gambling facilities within the state have to comply with both local and federal laws, consumers will have to wait for some time to smoke pot inside Las Vegas-based casinos.

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Casino owners Derek and Greg Stevens announce the launch of a casino in Las Vegas https://gamblersnews.com/casino-owners-derek-and-greg-stevens-announce-the-launch-of-a-casino-in-las-vegas/74/ https://gamblersnews.com/casino-owners-derek-and-greg-stevens-announce-the-launch-of-a-casino-in-las-vegas/74/#respond Wed, 16 Jan 2019 18:09:10 +0000 https://gamblersnews.com/?p=74 On the eve of Thursday, January 10th, famous Casino owners Derek and Greg Stevens officially announced the launch date of their new hotel-casino project in downtown Las Vegas. In the announcement, The brothers stated that their latest business venture, situated at 18 Fremont on the Fremont Street Experience, shall come to be known as Circa […]

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On the eve of Thursday, January 10th, famous Casino owners Derek and Greg Stevens officially announced the launch date of their new hotel-casino project in downtown Las Vegas.

In the announcement, The brothers stated that their latest business venture, situated at 18 Fremont on the Fremont Street Experience, shall come to be known as Circa and be a “ringleader, entertainer and host, all in one” including home to the biggest sports book in Las Vegas.

Stevens brothers made this announcement at the announcement party that was held inside the Downtown Las Vegas Events Center where they also revealed key details about the property.

Greg and Derek Stevens revealed that Circa shall offer several key elements including a multi-tiered pool amphitheater and stadium-style sportsbook along with an outdoor bar, 777 rooms, a range of eclectic restaurants, and a two-level casino.

Circa shall be joining other properties owned by Stevens that includes the D Las Vegas hotel-casinos and the Golden Gate, also in the process, it will become the first brand-new resort built from the ground up in downtown ever since 1975.

According to sources close to the matter, it is expected that the new resort will be unveiled in December 2020.

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