Global Gaming Directory

Tuesday, June 20, 2023

Global Gaming Blog: Las Vegas, Nevada

Global Gaming Blog

Las Vegas





Las Vegas (US:; Spanish for "The Meadows"), often known simply as Vegas, is the 25th-most populous city in the United States, the most populous city in the state of Nevada, and the county seat of Clark County. The Las Vegas Valley metropolitan area is the largest within the greater Mojave Desert, and 2nd-largest in the Southwestern United States. Las Vegas is an internationally renowned major resort city, known primarily for its gambling, shopping, fine dining, entertainment, and nightlife. The Las Vegas Valley as a whole serves as the leading financial, commercial, and cultural center for Nevada.

The city bills itself as the Entertainment Capital of the World, and is famous for its luxurious and extremely large casino-hotels. With over 2.9 million visitors as of 2019, Las Vegas is the sixth-most visited city in the United States after New York City, Miami, Los Angeles, Orlando, and San Francisco. It is a top three destination in the United States for business conventions and a global leader in the hospitality industry, claiming more AAA Five Diamond hotels than any other city in the world. Today, Las Vegas annually ranks as one of the world's most visited tourist destinations. The city's tolerance for numerous forms of adult entertainment earned it the title of "Sin City", and has made Las Vegas a popular setting for literature, films, television programs, and music videos.


References:

Wikipedia, Google, Las Vegas Tourism)

Sunday, June 18, 2023

Global Gaming Blog: DraftKings lays off 140 employees

Global Gaming Blog





DraftKings lays off roughly 140 employees in corporate restructure  DraftKings is eliminating about 140 jobs, part of what the sports betting company is calling a reorganization. A majority of the eliminated positions are based in Europe, Asia and the Middle East, and primarily span both engineering and HR roles related to hiring, according to someone with direct knowledge of the moves. The 140 positions amount to a low single-digit percentage of the company’s workforce. DraftKings stock jumped nearly 10% on the day to close at $16.48.  


Penn Entertainment reports small year-over-year revenue increase in Q4 despite 

Mattress Mack payout  Despite a huge winning bet by Jim “Mattress Mack” McIngvale and inclement weather in December, Penn Entertainment’s 2022 fourth-quarter results were consistent, according to CEO Jay Snowden during Thursday’s investors’ call. 

McIngvale’s bet on the Houston Astros to win the World Series via Penn’s Barstool Sportsbook cost Penn $10 million. And Snowden claimed that “severe weather in certain parts of the country”...put a drag on revenue.