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Yahoo casino gaming news

yahoo casino gaming news

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In fact, the crackdown on corruption in China compelled Macau officials to impose restrictions on high rollers to stop billions of dollars from being siphoned off illegally from mainland China to Macau.

As a result, footfall declined at the local casinos leading to a persistent decrease in gaming revenues. A slowdown in China, tighter visa policies, political unrest and a smoking ban on mass market gaming floors compounded the woes.

What Lies Ahead for Casino Operators? Analysts expect the improvement to be moderate in Speculations over another crackdown on capital outflows by China have kept investors on the edge.

Flagging China property price impacted the high-end VIP segment. In an effort to drive growth, companies have also been focusing on diversifying to non-gaming activities.

Moreover, legalization of sports betting outside Nevada has given the industry a new lease of life. The scope for casino operators will grow as, illegally, the activity is valued at billions of dollars annually in the United States.

In the coming months, Pennsylvania and Rhode Island are also likely to tread the same path. Further, improving tourism in Las Vegas, and rising demand for gaming and leisure will continue to boost the industry.

Most of the companies are opting for alternative avenues to expand customer base and business. With continued innovation and rampant use of smartphones as well as other electronic devices, online gambling is fast gaining popularity and is positioned for long-term growth.

In connection with the principal transaction, other notable agreements resulted in:. The proceeds of these new credit facilities were used to pay the merger consideration, repay certain existing indebtedness of Penn and Pinnacle and to pay related fees and expenses.

About Penn National Gaming Penn National Gaming owns, operates or has ownership interests in gaming and racing facilities and video gaming terminal operations with a focus on slot machine entertainment.

Reflecting the recent completion of the Pinnacle Entertainment transaction the Company now operates 40 facilities in 18 jurisdictions.

In total, Penn National facilities feature approximately 49, gaming machines, 1, table games and approximately 9, hotel rooms.

The Company also offers social online gaming through its Penn Interactive Ventures division and has leading customer loyalty programs with over five million active customers.

Such statements are subject to numerous assumptions, risks, and uncertainties. Statements that do not describe historical or current facts, including statements about beliefs and expectations, are forward-looking statements.

While there is no assurance that any list of risks and uncertainties or risk factors is complete, below are certain factors which could cause actual results to differ materially from those contained or implied in the forward-looking statements including: Other unknown or unpredictable factors may also cause actual results to differ materially from those projected by the forward-looking statements.

Most of these factors are difficult to anticipate and are generally beyond the control of Penn. Penn undertakes no obligation to release publicly any revisions to any forward-looking statements, to report events or to report the occurrence of unanticipated events unless required to do so by law.

View source version on businesswire.

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Yahoo Casino Gaming News Video

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Flagging China property price impacted the high-end VIP segment. In an effort to drive growth, companies have also been focusing on diversifying to non-gaming activities.

Moreover, legalization of sports betting outside Nevada has given the industry a new lease of life. The scope for casino operators will grow as, illegally, the activity is valued at billions of dollars annually in the United States.

In the coming months, Pennsylvania and Rhode Island are also likely to tread the same path. Further, improving tourism in Las Vegas, and rising demand for gaming and leisure will continue to boost the industry.

Most of the companies are opting for alternative avenues to expand customer base and business. With continued innovation and rampant use of smartphones as well as other electronic devices, online gambling is fast gaining popularity and is positioned for long-term growth.

In the past three months, the industry has gained 3. The Company also offers social online gaming through its Penn Interactive Ventures division and has leading customer loyalty programs with over five million active customers.

Such statements are subject to numerous assumptions, risks, and uncertainties. Statements that do not describe historical or current facts, including statements about beliefs and expectations, are forward-looking statements.

While there is no assurance that any list of risks and uncertainties or risk factors is complete, below are certain factors which could cause actual results to differ materially from those contained or implied in the forward-looking statements including: Other unknown or unpredictable factors may also cause actual results to differ materially from those projected by the forward-looking statements.

Most of these factors are difficult to anticipate and are generally beyond the control of Penn. Penn undertakes no obligation to release publicly any revisions to any forward-looking statements, to report events or to report the occurrence of unanticipated events unless required to do so by law.

View source version on businesswire. The leaders of Mexico and Spain called Wednesday for talks to resolve the crisis in Venezuela, but gaps were visible between them on what exactly that would look like.

Mexican President Andres Manuel Lopez Obrador meanwhile reiterated his appeal for dialogue between the Venezuelan government and opposition, but insisted there could be no preconditions.

A blast of life-threatening cold air continues to grip the U. Midwest and is now blamed for at least 12 deaths.

Several dozen protesters gathered outside a downtown theater before Schultz appeared to promote his new book Thursday night.

The family of television actor Jussie Smollett, who plays a gay character on the hip-hop musical drama "Empire," spoke out on Thursday to condemn the assault he reported suffering in Chicago at the hands of two men yelling racial and homophobic slurs.

Smollett, an African-American who is openly gay in real life, has not commented publicly, but his publicist issued a statement attributed to his family that read:.

Parts of America are enduring temperatures colder than Antarctica this week as a blast of Arctic air from the polar vortex has caused the mercury to plunge as low as C F.

US officials are urging residents from northern states to stay inside as the deep freeze sets in across the country, bringing with it life-threatening conditions that have forced rail workers in Chicago to start track fires to keep them warm enough to function, and led to warnings not to breathe too deeply when outside.

A wild, if not disturbing, video that originally surfaced on Jalopnik shows a Tesla Model X owner taking a full-on snooze while his car drives down the highway.

Today, Buzz has been pricing parts: He once entered 12 cars in a single car show-hired friends to drive-and they all got cited for going 72 mph in a mph zone.

Tired of taking a back seat to smaller states that play an outsized role in picking presidential candidates, California moved up its primary elections for to Super Tuesday, March 3.

Howard Dean, the former Vermont governor and former head of the Democratic National Committee, who ran in the Democratic primary in , believes the switch gives Harris an added edge.

At least three students are dead and 23 injured after a walkway collapsed at a school outside Johannesburg, South African officials said Friday.

Panyaza Lesufi, the head of education for Gauteng province, posted the toll on Twitter shortly after the collapse at the Hoerskool Driehoek high school in Vanderbijlpark.

Apologies to anyone trying to fly out of Chicago.

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