New York City Casino Competition Heats Up
Competition for the three downstate casino licenses in New York City is fierce, with prominent bidders like Steve Cohen and Jay-Z sweetening their proposals to win the bid. Cohen’s Metropolitan Park project at Citi Field now includes a Hard Rock casino and community impact funds for local nonprofits, while Jay-Z’s Caesars Palace Times Square project pledges millions in grants for the Hell’s Kitchen neighborhood.
Sanborn’s Concord Casino Sale Saga Continues
Andy Sanborn secured a pseudo-extension for the sale of his Concord Casino, tied up in legal proceedings for nearly a year. The extension provides a judicial workaround, extending the process by 40 to 50 days. While a buyer has been agreed upon, licensure delays prompted the extension to avoid a two-year gaming license suspension.
Boyd Expands with Resorts Digital Acquisition
Boyd Interactive acquired Resorts Digital, the iGaming platform of Resorts casino in Atlantic City, aligning with their strategy to build a profitable regional iGaming business. The deal includes key online platforms and unused skins, expanding Boyd’s digital presence in the gaming industry.
Nevada Regulators Aim to Ban Jackpots for Trespassers
Nevada regulators are working to change laws that require trespassers and excluded players to be paid jackpots if they win. Proposed rule changes aim to prevent bad actors from benefiting, shifting recourse to civil court instead of the board’s patron dispute protocol. This issue has been debated for years and is undergoing key changes to protect against potential exploitation.
Full House Presents New Haven Casino Plans
Full House Resorts presented plans for a $500 million casino in New Haven, seeking feedback from local residents. The casino would be built in two phases, offering a range of amenities including a hotel, salon, event center, and dining options. The proposal sparked debate among supporters and opponents, highlighting the community’s interest in the project.
G2E Keynote Speakers to Address Industry Landscape
G2E announced Flutter Entertainment CEO Peter Jackson and MGM Resorts President and CEO Bill Hornbuckle as keynote speakers for the upcoming conference. The discussion will focus on industry leaders navigating economic challenges, market expansions, and future business opportunities. This presentation aims to shed light on the gaming industry’s direction and inspire innovative ideas for the future.
