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Kevin Parker's latest articles

Many Casinos’ Revenue Drops in Q1 while Caesars’ Profits are up
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Many Casinos’ Revenue Drops in Q1 while Caesars’ Profits are up

This last week was one that recapped financial results. Some brands saw strong results while others slipped further down in recession. With lockdown measures now loosening up at least a bit, most companies are putting their reopening plans at some point for June or July as the most realistic earliest estimate. This is the weekly […]
Could US Casinos Be Re-Opening Sooner Then We Think?
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Could US Casinos Be Re-Opening Sooner Then We Think?

The world is still fighting with the pandemic, which has had its ebbs and flows. While most countries around remain paralyzed, comprehensive plans to open up the gambling industry and business in general, are once again the focus of most lawmakers. The economy must adapt to these trying circumstances, business leaders have argued, and the […]
AGA Backs Latest Paycheck Protection Program and Other News
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AGA Backs Latest Paycheck Protection Program and Other News

The week from April 27 through May 1 has had seen several important developments in the U.S. casino landscape. AGA approved the newest PPP voted by SBA and Caesars set-up a relief fund. TSG and Flutter Entertainment are finalizing their merger on Tuesday, May 5, and Illinois casinos will have to stay shut until further […]
iGaming News Round Up: Mergers, Twin River Plans to Acquire Three Casinos
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iGaming News Round Up: Mergers, Twin River Plans to Acquire Three Casinos

To wrap the weekend up, we take a look at the most important events in the casino industry the Week April 20 – April 24. A pivotal merger between Diamond Eagle Acquisition Corp., DraftKings and SBTech has been concluded and Twin River announced plans to acquire three of Caesars and Eldorado’s casino. For more of […]
The Week Casinos Stood Still, AGA Asks for Additional Federal Help, and Other Business Headlines
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The Week Casinos Stood Still, AGA Asks for Additional Federal Help, and Other Business Headlines

Not much happened this past week in the United States. Casinos are under a complete shut-down occasioned by the coronavirus pandemic and this is unlikely to change any time soon. Governor. Steve Sisolak of Nevada has confirmed that casinos will remain closed until health experts deemed a reversal of the measure permissible. Economic need won’t […]
Multiple Furloughs and Employees Safety Schemes Kick in the U.S. as COVID-19 Spreads
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Multiple Furloughs and Employees Safety Schemes Kick in the U.S. as COVID-19 Spreads

The coronavirus has been a reason for concern to many in the United States and not least the casino industry. With all casino venues across the country – both commercial and tribal – shut-down completely, as many as 1.8 million workers in the sector are at risk. Many workers have been furloughed, but not all […]
Penn National Gaming Furloughs 26,000 Employees and Nevada Stays Closed
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Penn National Gaming Furloughs 26,000 Employees and Nevada Stays Closed

The largest news this week has been the decision by Penn National Gaming (PNG) to sell its Tropicana Las Vegas Casino property, joining a restructuring effort across the gambling industry to reduce the impact from the novel coronavirus (COVID-19). This move is straight out of MGM Resorts’ own playbook, after the company announced previously that […]
US Casinos Shutdown As the Coronavirus Tighens Its Grip
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US Casinos Shutdown As the Coronavirus Tighens Its Grip

The novel coronavirus outbreak has been dominating the news, posing one challenge after another ahead of countries and their economies. Casinos and gambling establishments across the United States have been faced with the same qualms as most entertainment industries out there, and the forecasts have been dispiriting. Estimated 11% of the global gambling market will […]
Caesars Entertainment Corporation Reports $1.20bn Net Loss in 2019
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Caesars Entertainment Corporation Reports $1.20bn Net Loss in 2019

Last week, Caesars Entertainment Corporation (CEC) reported its financial results through the 12 months finishing on December 13. The company announced that it had turned a $1.20 billion net loss over the period. Net revenue over the 12 months reached $8.74 billion or up 4.2% on the plus side. The positive developments in the financial […]
iGaming Round Up: New Hampshire Hits 1m in Bets, Eldorado and Caesar Merger
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iGaming Round Up: New Hampshire Hits 1m in Bets, Eldorado and Caesar Merger

CasinoSites.us brings you the latest news round-up from the casino and iGaming industry in the United States from Monday 17 through February 21. New Hampshire Hits 1m Bets in Just Six Weeks Six weeks after the release of online gambling in New Hampshire, the state has seen 1 million bets placed, not least of all […]