Month: September 2022

Nevada casino revenue has topped $1 billion in each of the previous 18 months, an unprecedented streak that seemingly has no end in sight despite a host of economic headwinds. The Las Vegas Strip fueled a strong August for Nevada casinos, as total gaming win pushed past $1.2 billion. It’s the 18th month in a

DraftKings’ (NASDAQ: DKNG) stock was endorsed today by Hedgeye — a research firm that was previously overtly bearish on the gaming company’s shares. Hedgeye gaming and leisure analyst Todd Jordan. He issued a bullish report today on DraftKings stock. (Image: Hedgeye) In a note to clients on Thursday, Hedgeye analysts Todd Jordan and Sean Jenkins

Jumping the Formula 1 starting lights by a whole year, Caesars Palace announced today an all-day launch party for the Las Vegas Grand Prix on Friday, Nov. 5, 2022. The big race doesn’t take place until Nov. 18, 2023, but construction on the track is already underway. An artist’s rendering of the Formula 1 Las

A woman who solicited an undercover cop at an unnamed Las Vegas Strip casino on Saturday remains in a jail cell on several prior charges, police said. The suspect, Victoria Turner, also was charged with solicitation. Victoria Turner, pictured above. She allegedly solicited an undercover police officer on the Las Vegas Strip. (Image: LVMPD) Turner,

A man sentenced to life in prison for the 2007 fatal bombing at a Las Vegas Strip casino has somehow escaped from custody. Police were searching for him on Tuesday. Porfirio Duarte-Herrera, left, pictured above, during his sentencing. He escaped from a Nevada prison. (Image: Las Vegas Sun) The inmate, Porfirio Duarte-Herrera, 42, was incarcerated

Australia’s federal government is about to ramp up controls on gambling advertising, according to a “secret” report viewed by The Australian newspaper. The government will notify operators of its plans on Friday and give them six months to comply. Bet365 banners dominate the advertising hoardings at an Australian cricket match. Soon, such placements will be

A Las Vegas man is being held without bail at the Clark County Detention Center after being indicted last week for the murder of Randall Lyons, 67. Lyons, a security guard for the El Cortez in downtown Las Vegas, was pushed to his death on the job last year. His accused murder has 48 prior

It’s widely known that Caesars Entertainment (NASDAQ: CZR) is looking to sell one of its Las Vegas Strip properties — a transaction many industry observers expected to be announced earlier this year. Flamingo Las Vegas. A deadline for Caesars to sell the venue is nearing. (Image: Bloomberg) That news hasn’t hit the wires and as

Boxing promoter Eddie Hearn wasted little time in filing a defamation lawsuit against Jake Paul just days after the fighter, social media star, and Betr co-founder accused Hearn of paying off a judge in two fights. Boxing promoters Eddie Hearn (left) and Jake Paul during happier times, when they were co-promoting an April 20 fight

A recession is likely to adversely affect video game sales. History proves as much and that precedent pertains to social casino companies and their stocks. A scene from a Playstudios game. Bank of America is bearish on social casino stocks. (Image: OfftheStrip.com) Potentially, that’s bad news for the likes of Playstudios (NASDAQ:MYPS), Playtika (NASDAQ:PLTK). and