Scientific Games is undergoing restructuring to reduce its interest rates and lower its debt. "Our ongoing attention toward improving operating execution, generating stronger cash flows and deleveraging our balance sheet has enabled us to amend our credit agreement on more favorable terms," CEO Kevin Sheehan said.
Gaming regulations for Japan are anticipated to be fully drawn up by the end of the year, and approved locations are expected to be announced during the second half of 2018. Licenses likely will be awarded in 2019, putting opening day for the country's first casino resorts at 2024.
Revenue hit $204.5 million at Wynn Macau for the first half of the year, about $60 million more than the same period in 2016. An increase in Chinese tourists from the mainland has contributed greatly to the boost following the government's anti-corruption campaign.
Foxwoods Resort Casino in Connecticut will open a new Thrill Tower before the end of the summer. It will feature two new rides: the 120-foot "Sky Drop" free-fall experience designed for four people and the "Sky Launch" high-flying attraction that will have riders sitting back-to-back.
The Massachusetts Gaming Commission has granted permission for the Catch Institute to train students for casino jobs such as blackjack and poker dealer. Within the next two years, three new state casinos are expected to create more than 10,000 jobs.
SlotsMillion has created a 3D virtual reality casino for the Oculus Rift that borrows from design concepts from real-life casinos. "VR has the potential to dominate the future of digital casino gaming, and it might even emerge into something entirely distinct from traditional casinos," writes Alexandre Tomic, co-founder of Alea.
The Japanese government has begun holding public hearings regarding upcoming guidelines for the nation's future integrated resorts. Regulations are likely to be conservative, as two-thirds of respondents in a recent survey from Jiji say they would not approve of a resort in their area.
Tencent enjoyed a 39% boost in internet gaming revenue during the second quarter. The uptick, which earned the company $3.56 billion, is thanks in part to its popular "Honor of Kings" and "Contra Return" mobile games.
As tourism to Las Vegas continues to grow, Nevada should not be affected by other states permitting betting on sports, according to a study by the American Gaming Association. Other states and the federal government are considering the legalization of sports betting, which now is only offered legally in Nevada.