Casino Operators Like Monarch Remain Selective on M&A Amid Potential Special Dividends
Casino operator remains highly selective on mergers and acquisitions
Analyst suggests another special dividend could be on the horizon if Monarch doesn’t make a move in the next two years
Monarch Casino & Resort (NASDAQ: MCRI) has been making headlines recently as its stock price has soared by an impressive 30.43%, considerably outpacing the S&P 500 index. This growth comes as the company maintains its position with only two properties: the Atlantis in Reno and Monarch’s flagship in Black Hawk, Colorado. Despite having the smallest number of gaming venues among publicly traded casino operators in the United States, Monarch’s cautious approach to expansion is generating palpable interest among shareholders.
Atlantis Casino Resort in Reno. Monarch Casino remains careful in its acquisition strategies.
According to Barry Jonas, an analyst with Truist Securities, Monarch’s management is very particular about potential acquisitions. The preferences are clear: the company will only consider properties where it also owns the real estate, those situated in strong, developing markets with firm regulatory frameworks, and locations that do not allow for iGaming activities.
This assessment comes after Black Hawk’s recent decision to join the National Association Against iGaming, making headlines as the first casino municipality in the nation to do so, and narrowing down potential acquisition avenues for Monarch. Currently, internet casinos are permitted in states such as Connecticut, Delaware, Michigan, New Jersey, Pennsylvania, Rhode Island, and West Virginia, making these regions off-limits for Monarch’s acquisition plans.
Monarch Has Alternatives to M&A
In the event that suitable acquisition targets do not materialize, Monarch has alternative strategies to keep investors engaged. Jonas notes that if no deals are completed within the next two years, the company is likely to issue another special dividend alongside its regular quarterly payouts. The idea of a special dividend, indicative of solid financial health, continues to attract investor interest.
Monarch Casino is focusing on safeguarding shareholder value.
Historical interest from suitors to acquire Monarch hasn’t gone unnoticed, though management appears in no haste to sell. Instead, they remain committed to maximising shareholder returns, a focus that is reiterated in Jonas’s notes. The strategic vision here reflects a disciplined investment approach aimed at sustainable growth.
Colorado Market Expansion Focus
Black Hawk has been identified as one of the fastest-growing casino markets across the United States. With Denver serving as a key feeder market for Las Vegas, Monarch has considerable potential to attract more local customers. Despite the challenges posed by real estate restrictions in expanding their current operations, management is exploring all feasible market opportunities, including M&A.
The challenge will be whether other operators in Black Hawk, such as Bally’s, Caesars, Century Casinos, and Penn Entertainment, are willing to part with their properties. Given the attractive nature of the Black Hawk gaming landscape, the answer may lean towards ‘no’.
Key Considerations for Investors
Monarch’s stock shows a significant upsurge of over 30% this year.
The company is very selective with its mergers and acquisitions strategy.
A potential special dividend is on the cards if acquisition opportunities do not arise in the near future.
Focus on growing markets like Colorado, but constrained by real estate limitations.
In conclusion, while Monarch Casino’s strategy reflects a careful balance between market opportunities and prudent financial governance, it positions the company favorably for current and future shareholders. Investors must remain attentive to any developments in the merger landscape, as well as the potential for further shareholder returns through special dividends.
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Allwyn Expands Into Sports Betting Market with Major Stake Acquisition in $2.5 Billion PrizePicks
Allwyn, the Swiss lottery operator, is making a strategic move into the high-stakes world of wagering by purchasing a 62.3% stake in PrizePicks, North Americas largest daily fantasy sports company. This $1.6 billion initial cash investment, which brings the acclaimed company to an enterprise valuation of $2.5 billion, signals Allwyns massive expansion into the competitive landscape of sports betting. The deal, which reportedly exceeds previous valuation estimates for PrizePicks, positions the operator to capture a significant share of the rapidly growing market for digital sports betting and fantasy gaming.
A PrizePicks logo. Allwyn is buying 62.3% of the company for $1.6 billion. (Image: Sporting News)
What’s in the Deal?
Ownership Structure: After the acquisition, PrizePicks will operate as an independent brand under Allwyn, with Mike Ybarra continuing as CEO.
Additional Cash Consideration: The payment could increase by up to $1 billion if PrizePicks achieves specific financial performance targets within three years, raising its potential enterprise value to approximately $4.15 billion.
Transaction Financing: Allwyn will fund the purchase through a combination of cash reserves and debt, anticipating closure in the first half of 2026.
Allwyn’s Interest in PrizePicks
One of the main attractions for Allwyn is PrizePicks’ potential expansion into the prediction markets sector. PrizePicks is already registered with the National Futures Association (NFA), indicating its serious approach towards branching into regulated markets.
If this move proves successful, Allwyn gets economical exposure to an emerging industry, especially as major players like Polymarket and Kalshi are reportedly eyeing substantial financing rounds suggesting valuations of up to $9 billion and $5 billion respectively.
PrizePicks’ Current Market Performance
In the heavily scrutinised DFS market, PrizePicks has made a name for itself, particularly in states like Arizona and Massachusetts where its market share and revenue are outpacing rivals like Underdog Fantasy. As a sign of its robust performance, PrizePicks reported an adjusted EBITDA of USD 339 million in the last 12 months ending in June 2025, boasting over 60% year-on-year revenue growth.
Strategic Importance to Allwyn
This acquisition marks a significant expansion for Allwyn, which has primarily operated in Europe. With PrizePicks operating across more than 45 states in the US, this strategic move broadens Allwyn’s footprint immensely and positions it favorably in the competitive gaming landscape.
Currently, PrizePicks has altered its offerings to a player vs. player (PVP) model to navigate regulatory hurdles, with only three states — North Carolina, Texas, and Virginia — still permitting player vs. house DFS formats.
Robert Chvatal, CEO of Allwyn stated, “This investment is Allwyn’s largest in the United States to date, and PrizePicks exemplifies innovation by engaging a new generation of sports fans.”
Summary
The acquisition of a majority stake in PrizePicks by Allwyn represents not only a substantial financial transaction but also a strategic pivot towards leveraging the growing DFS and prediction markets. This deal underscores the increasing convergence between traditional lottery operators and the burgeoning online gaming sector, positioning both entities for future growth and innovation.
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Understanding Casino Licenses: Why the Freedom Plaza Bid and New York City Projects Were Rejected
The landscape of New York gaming is shifting rapidly, creating a complex environment for those tracking the distribution of new casino licenses. Unfortunately for gamblers and casino enthusiasts, there will not be a casino in Manhattan. The recent decision to reject the Freedom Plaza bid means that just five bids remain for three downstate New York casino licenses, leaving Manhattan’s hopes for a local gaming hub officially dashed.
Key points:
There won’t be a casino in Manhattan.
Freedom Plaza was the last remaining casino bid for Manhattan.
Only five casino bids remain for three downstate New York licenses.
The Community Advisory Committee (CAC) for the Freedom Plaza proposal, a staggering $11 billion project intended to create an integrated resort casino near the United Nations Headquarters, voted 4-2 against the proposal. Backed by the Soloviev Group and Mohegan, this marked the third instance of a similar 4-2 vote against a downstate New York casino project, following both Caesars Palace Times Square and The Avenir in Hell’s Kitchen.
A rendering of Freedom Plaza, with two skyscrapers located adjacent to the United Nations Headquarters, showcasing what could have been.
According to Michael Hershman, CEO of Soloviev Group, “Freedom Plaza was a transformative project that promised benefits that our community deserved and was built upon a sustained engagement with neighbors, civic leaders and stakeholders across the city that recognized this once-in-a-generation opportunity.”
Community Opposition
Despite claims of local support from the Soloviev Group and Mohegan, the Community Board 6 formally opposed the project, emphasizing their disapproval through a resolution. Although the community board lacked the formal power to halt the bid, CAC members recognized the community’s opposition.
Kyle Athayde, a former Community Board 6 chair, expressed pride in the East Side community for defeating this proposal, stating that it required collective effort. He asserted, “This is not the end, just the beginning. We must work hand in hand with the Soloviev Group to ensure this land does not continue to remain idle but is developed in smart and thoughtful ways to benefit the community.”
Remarkably, the CAC needed a three-fifths majority to forward a bid to the New York Gaming Facility Location Board. Prior to this final vote, the CAC indicated unfavorable ratings towards Freedom Plaza after they rejected an amended bid that proposed including over 1,000 affordable housing units.
No Manhattan Casino
The New York State Gaming Facility Location Board is set to award three downstate casino permits before December 1 but can only grant licenses to projects backed by a CAC.
Among the remaining proposals, two bids are based in Queens (Resorts World New York City, Metropolitan Park), one in the Bronx (Bally’s), another in Westchester County (MGM Empire City in Yonkers), and the last one located in Brooklyn’s Coney Island (The Coney).
MGM’s Empire City and Genting’s Resorts World appear to be strengthening their chances of obtaining full-scale gaming licenses, featuring amenities like Las Vegas-style slot machines, live-dealer table games, and retail sports betting. As for Hard Rock’s proposal in Queens, it seems to be a contender, leaving The Coney and Bally’s in the Bronx with longer odds.
Key Takeaways
The rejection of the Freedom Plaza bid signifies Manhattan’s absence from the future of downstate New York casinos.
The ongoing bidding process may pave the way for revitalised opportunities in different boroughs.
Anticipation rises as selections for the casino licenses draw near, reflecting the evolving landscape of gaming in New York.
In summary, the outcome of the Freedom Plaza bid has opened discussions about the future of casino gaming in the New York metropolitan area, leaving five contenders eyeing the coveted licenses. With community feedback playing a significant role, developers will need to ensure their projects resonate well with local residents to meet the standards set by the advisory committees.
https://grandrush.blueseo.co.za/wp-content/uploads/2025/12/Screenshot-2025-09-21-at-11.59.01E280AFAM.jpg8001200adminhttp://grandrush.blueseo.co.za/wp-content/uploads/sites/13/2022/09/9a7cf014-66d0-11ec-9d0a-62898edc0f74-1.pngadmin2025-12-27 13:47:522026-04-22 07:44:19How Casino Licenses Shape the Future: Why the New York City Bid and Freedom Plaza Were Rejected | 10BET
Record Visitation Drives Macau Economy as Casino Revenue Rebounds to New Heights
Key Highlights: An in-depth analysis of the factors driving fluctuations in casino revenue, including player demographics, game popularity, and seasonal trends.
Macau’s economy is thriving compared to China’s
Gaming is rebounding with record high visitation
Unemployment remains low while GDP increases
The economy in Macau is currently experiencing a remarkable resurgence, with reports showing that gross domestic product (GDP) has climbed more than 5% in the second quarter of 2025. This growth is largely attributed to an increase in tourism, as visitor numbers are at an all-time high, reflecting a significant recovery in casino gaming revenue. This revenue is crucial for Macau, the Chinese Special Administrative Region (SAR), which is now approaching pre-COVID-19 conditions.
Throngs of Chinese mainlanders await entry into Macau at the border checkpoint. Macau’s economy is on a comeback, with gaming nearing pre-COVID-19 conditions and visitor numbers already at record highs. (Image: Shutterstock)
In July and August 2025, Macau set new records for gross gaming revenue (GGR), with net wins reaching $2.76 billion in July and $2.77 billion in August. Year-to-date figures indicate that Macau’s casino revenue is up 7.2% compared to the previous year, amounting to $20.36 billion. This figure represents more than 82% of the revenue generated by the six casinos through August in 2019.
Analysts are optimistic as they adjust their full-year GGR outlook positively. The city’s casinos have redirected their focus from high-rolling VIPs to mass and premium-mass markets, catering to leisure and business travelers.
Visitation Hits Record
Casinos in Macau are experiencing a seismic shift, no longer relying heavily on VIP high rollers for their income. In recent years, VIP junket groups have diminished as travel organizers now explore Asian gaming markets beyond China’s reach.
Macau remains the richest gaming market globally, having invested billions into non-gaming amenities. This investment includes embracing entertainment trends such as K-pop, with its large theatres now hosting major acts and events. One notable event was the Fact Music Awards held at the government’s newly opened Outdoor Performance Venue.
According to the Macau Statistics and Census Bureau, visitation in August reached a remarkable 4,219,034 people, marking an 18.4% year-over-year rise. This surge brought the year-to-date figure to nearly 26.7 million visitors—a 15% increase from 2024.
Economic Data Points
Macau’s economy showcases resilience with several strong indicators:
Inflation in July registered a mere 0.12%
Unemployment remains low at 2.6% among its approximately 686,000 residents
The median monthly income has risen to $2,222, reflecting a steady increase since December 2019
Hotel occupancy rates reached 91%, equivalent to pre-COVID levels
While mainland China’s economy struggles in maintaining a post-pandemic recovery, characterized by decelerating factory and mining output, Macau’s trajectory remains markedly upwards.
In response to the global health crisis, Macau implemented a diversification plan to reduce reliance on gaming, which had previously contributed to over 80 cents of every tax dollar received by the local government. This includes investments in integrated tourism, hosting substantial business gatherings and conventions, as well as promoting ‘health tourism’.
Macau is now more accessible than ever, with numerous cities in mainland China qualifying for Individual Visit Scheme visas. This permits travel to and from Hong Kong and/or Macau without the need for group tours. Furthermore, since 2018, the Hong Kong-Zhuhai-Macau Bridge has further connected Macau with Hong Kong.
Summary: The exciting economic landscape of Macau highlights a bounce-back in tourism and gaming amidst ongoing global challenges. With visitor numbers reaching record heights and consistent revenue growth, Macau’s strategic adaptations showcase its resilience and commitment to diversifying its economy while upholding its status as a world-renowned gaming destination.
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New York Fire Investigators Uncover Deadly Underground Casino Filled with Illegal Slot Machines
Specialisation: Commercial Gaming, Entertainment, and Expert Insights into the darker side of the desert, including Las Vegas restaurants and debunking urban legends surrounding the presence of illegal slot machines in local establishments.
This is part of an illegal casino dismantled this week in a basement in Manhattan that had been illegally renovated. (Image: FDNY)
On a routine check for illegal lithium battery charges in Manhattan’s Chinatown, New York fire inspectors stumbled upon a clandestine gaming room. What began as a concern over safety quickly escalated to the revelation of a fully functioning underground casino.
The illegally renovated basement, located beneath the connected buildings at 118 and 120 Elizabeth Street, boasted numerous violations. Inspectors discovered:
Five cramped bedrooms housing ten bunks, electric plates, and heaters. However, there were no proper exits.
Flammable materials, including counterfeit Prada handbags, stored in three separate cluttered storerooms.
Seventeen illegal slot machines positioned in the main hallway, all of which were seized by the authorities.
As detailed in the FDNY report, the nature of the basement posed a significant moral danger due to its labyrinthine layout and the sheer amount of clutter found within.
Playing With Their Lives
This was one of the three storages packed with counterfeit products. (Image: FDNY)
Commissioner Robert S. Tucker of the FDNY expressed concern, stating, “What our fire prevention members discovered was a disaster waiting to happen.” This prompted the FDNY to call for backup from the City Department of Buildings which issued an evacuation order for the basement residents.
Public safety was at high risk in this hidden lair, illustrating the lengths some will go to keep illegal gambling alive amidst increasing scrutiny by local authorities.
It’s worth noting that this illegal operation was not just about gambling. The presence of hazardous materials and unsafe living conditions raised red flags about the operational integrity of the establishment.
Interesting Facts About Underground Casinos
Many underground casinos operate in secrecy, often using social media to invite loyal players to clandestine locations.
Security measures in such establishments can include surveillance, bouncers, and even encrypted connections for online communication.
Illegal casinos can pose significant risks due to insufficient safety standards and the potential for involvement in other criminal activities.
In closing, the discovery of this underground casino underlines the ongoing battle between illegal gambling enterprises and law enforcement agencies. Such incidents also remind the public of the risks associated with engaging in unregulated gaming activities.
Summary: Fire inspectors revealed a dangerous underground casino in Manhattan while responding to a call about illegal battery charges. The illegally renovated basement showcased numerous safety violations, revealing the risks involved with concealed gambling operations.
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Wynn Resorts Positioned for Significant Growth Within the Gaming Sector Amid Key Catalysts, Analysts Suggest
Wynn’s shares are already on an upward trajectory, signaling a period of significant expansion within the broader gaming sector. As momentum builds, analysts believe there is still substantial room for growth, leading many to argue that Wynn remains a premier value stock worth considering for those looking to capitalize on the sectors potential.
Shares of Wynn Resorts (NASDAQ: WYNN) have soared nearly 48% this year, with most gains occurring in the last 90 days.
Despite reaching 52-week highs, analysts see potential for further upside.
According to analyst Steven Wieczynski from Stifel, who reiterated a “buy” rating on Wynn shares, the price target has been raised to $145, indicating a 20% increase from current levels. This optimism is fueled by the resurgence of Macau’s gaming sector and clearer developments regarding Wynn’s projects in the United Arab Emirates (UAE). Since hitting post-COVID lows, Wynn’s stock has more than doubled, yet short-term gains might still be forthcoming.
Wynn Las Vegas. An analyst suggests various catalysts could further spur the stock’s rise.
Wieczynski stated, “We believe multiple catalysts lie ahead that should allow for further revaluation of the shares in the next six to twelve months. In our view, the current valuation remains disappointing and continues to discount the recovery in Macau.”
The rebound in Macau’s gaming market has been significant in 2025. Wieczynski argues that Wynn’s current share valuation reflects overly pessimistic market beliefs about the long-term trajectory of gross gaming revenue (GGR) in the region. Moreover, he emphasizes that Wynn’s focus on premium and VIP clients is a long-term sustainable strategy.
Reasons Wynn’s Shares May Be Undervalued
The analyst lists several reasons that may support the notion that Wynn’s stock is undervalued, especially considering its recent increase in value:
Current stock prices hovered just below $129.
The valuation of Wynn’s assets in Las Vegas stands at around $55 per share, with an additional $3 attributed to unused land owned by the company.
Encore Boston Harbor holds a valuation of approximately $10 per share, while the UAE casino complex is valued between $18 and $25 per share.
Estimating $20 for the UAE project and $11 per share from operating rights in Macau presents a total of $99 per share. This indicates that Macau’s two locations only account for about $30 of the current stock price.
Likewise, it could be argued that assigning only $20 per share to Wynn Macau (HK1128) is disproportionately low, as this location represents a significant portion of EBITDA and revenues for the parent company.
Wieczynski further elaborated, “No matter how one chooses to evaluate Macau’s environment, it doesn’t make sense to value its assets at simply $20 per share. To maintain rationality, we should consider that Wynn’s current market capitalization of around $12.7 billion, when reduced by its stake in HK1128, implies that its non-Macau assets are valued at about $90 per share, which would require Macau’s assets to be valued at least at $30 per share.”
This straightforward calculation seems overlooked by many investors; it is only a matter of time before the value assigned to Macau’s assets increases beyond $20 per share.
Abundance of Catalysts for Wynn’s Shares
Wieczynski notes several catalysts set to impact Wynn’s share price over the upcoming six to twelve months:
There are multiple investor presentations scheduled for December regarding projects in the UAE.
It is likely that Wynn will not commit time and resources to these events unless the outlook is positive.
There is potential for revised EBITDA forecasts for the UAE.
Wynn’s ability to maximize profits from its Macau unit indicates further opportunities.
Las Vegas, while currently affected by negative sentiment, presents a silver lining insulated from broader market concerns.
Wieczynski concludes, “We still believe that WYNN represents one of the most compelling buying opportunities, as we think it is one of the most undervalued companies within our coverage universe. With several catalysts looming and a favorable risk/reward ratio, we would be aggressive buyers at current levels.”
In summary, Wynn Resorts stands at a pivotal point, with potentially significant catalysts supporting the forecast for further growth. With strategic moves in the UAE and a recovering Macau, investors may find the current share price attractive for potential long-term gains.
From Siegfried & Roy’s Former Estate to a New Landmark Near Las Vegas Casinos
The legacy of legendary Mirage headliners Siegfried & Roy continues to shape the landscape of entertainment, much like the high-stakes energy found within the worlds most famous Las Vegas casinos. In a move that honors this storied history, the Clark County Commission recently approved a historic designation for the “Jungle Palace” at 1639 Valley Drive. This iconic estate, where Roy Horn lived alongside the duo’s beloved tigers and lions, has been transformed into a museum and entertainment venue, offering fans a permanent piece of the spectacle that defines the citys vibrant gambling and showmanship culture.
The 0.42-acre property is famous in Las Vegas, purchased for $3 million in March 2023 by George Carden, patriarch of the Carden International Circus family, and his son, Brett. The estate, which had previously been acquired for $1.87 million in 2022, has been repurposed for public engagement.
It’s a Jungle in There
The Jungle Palace was originally built in 1954 as a Moroccan-themed compound. It boasts an 8,750 square-foot main house, three guest houses, a detached studio, and several water features, including three swimming pools and a jacuzzi. When Siegfried & Roy purchased the home in 1982, they added a bird sanctuary and numerous animal enclosures, transforming it into a unique habitat.
While Siegfried Fischbacher was known for his illusions, Roy Horn took on the role of caretaker for their big cats at the Jungle Palace. According to a profile in Vanity Fair, all of Siegfried & Roy’s cats used to sleep in bed with Horn until they turned one year old. Additionally, he routinely swam with the cats in the estate’s largest pool.
Originating from a cruise ship show where they met in 1957, the duo made their Las Vegas debut in 1967, later headlining at the renowned New Frontier Hotel and Casino. By 1990, they had sufficiently built their reputation, allowing them to open a $30 million theatre at the Mirage, marking one of the most extravagant residencies in Las Vegas history.
Tragic End and Legacy
Sadly, their illustrious career faced a significant setback on October 3, 2003, when a mishandling incident involving Horn’s favourite white tiger led to a near-fatal attack. The incident caused extensive injuries, leading to Horn living with paralysis until he passed away from COVID-19 complications in May 2020. Siegfried died less than a year later due to pancreatic cancer.
Interestingly, unlike other iconic Las Vegas figures, such as Wayne Newton and Liberace, the homes of Siegfried & Roy were never opened to the public during their lifetimes. They were adamant about preserving the sanctity of their private residences, rejecting offers to showcase their homes.
Key Features of the Jungle Palace
Location: 1639 Valley Drive, Las Vegas.
Size: 0.42 acres with features like multiple pools and a jacuzzi.
The property boasts a rich history with animal enclosures and lush gardens.
Previously a private residence; now transitioning into a public museum.
This museum promises to celebrate the legacy of Siegfried & Roy, keeping their story alive for future generations and showcasing the enchanting life they led.
In summary, the transformation of the Jungle Palace into a museum not only preserves the magic of Siegfried & Roy but also serves as a testament to their enduring impact on the entertainment industry in Las Vegas. With its fascinating history and unique structures, the museum will surely captivate visitors and fans.
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Freedom Plaza Casino License Update: Amended Bid to Commit Over 1K Affordable Housing Units
Freedom Plaza is pledging over 1K affordable housing units
The casino bid targets Manhattan’s Midtown East
The $11B project is a collaboration between Soloviev Group and Mohegan
Freedom Plaza, part of a more than $11 billion bid for a casino license in New York, has revised its proposal significantly to include a larger number of affordable housing units for the community.
A rendering of Freedom Plaza, the two skyscrapers and development just to the left of the United Nations Headquarters, is pictured looking south from across the East River in New York City. Freedom Plaza is committed to bringing over 1K affordable housing units to Manhattan in exchange for a casino license.
As the Community Advisory Committee (CAC) votes on this much-anticipated casino resort in Manhattan’s Midtown East, Soloviev Group and Mohegan are promoting the inclusion of rent-controlled housing units that this development aims to provide for New York City’s residents.
Freedom Plaza plans to build 1,080 residential units on-site for the casino, which is to occupy five acres of undeveloped land between 38th and 41st Streets along FDR Drive and 1st Ave. Initially, the developers announced that a minimum of 500 units would be classed as “permanently affordable.” This figure has now been increased to at least 600 affordable units, with a latest commitment that all units will be covered under New York’s Mandatory Inclusionary Housing programme.
“We are ready to respond to the urgent call from our elected officials that New York City needs affordable housing. The heartfelt testimony from local residents, especially the younger demographic, and the constructive feedback from community leaders have reinforced this crucial decision,” stated Michael Hershman, CEO of Soloviev Group. “We believe possessing a gaming licence is a privilege and an opportunity to unleash its full economic potential to deliver significant social and community benefits that may not have been possible otherwise.”
“Housing is the foundation of stability. This initiative reflects our steadfast investment in the future of New York,” added Mohegan’s CEO, Ray Pineault.
CAC Vote
The CAC will cast their votes tomorrow on whether to approve the progression of Freedom Plaza’s proposal. If a three-fifths majority, that is, four out of the six committee members vote in favour, this will be the first casino bid accepted by the New York Gaming Facility Location Board (GFLB). The GFLB is expected to allocate three casino licenses by early December, considering only those proposals that have garnered CAC backing.
Recent CAC votes seem to have favoured Freedom Plaza, especially after votes against bids from Caesars Palace Times Square and The Avenir near the Javits Center. Consequently, Freedom Plaza stands as the only remaining casino bid in Manhattan.
Freedom Plaza Features
Freedom Plaza is poised to include two luxury hotels equipped with 1,251 rooms. The plans also indicate over 30 dining establishments, approximately 55,745 square feet of convention and entertainment space, near 31,000 square feet for retail shopping, a childcare facility, and over 4.77 acres of landscaped public park areas scattered throughout the property.
Details regarding the number of slot machines and table games remain undisclosed, although it has been confirmed that the casino floor will measure nearly 300,000 square feet, positioning it among the largest casinos in the United States.
Upon completion, Freedom Plaza anticipates creating around 25,875 construction jobs and 13,403 permanent positions. Soloviev Group and Mohegan have pledged to ensure that both construction and operational roles are unionised.
In summary, Freedom Plaza aims not only to bring gaming entertainment to Manhattan but also promises a significant positive impact on affordable housing within New York. The upcoming Community Advisory Committee vote is pivotal, determining whether this ambitious project moves forward.
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Nebraska Online Sports Betting Campaign Will Soon Begin
Key Points about Online Sports Betting in Nebraska:
Nebraska’s sports betting is currently limited to in-person wagering
A campaign to allow online sports betting is set to launch
WarHorse Gaming is leading the initiative
Sports betting in Nebraska has been primarily restricted to physical locations at five racetrack casinos. However, a new movement is underway to broaden the horizons by legalizing online sports betting. This campaign aims to tap into a largely unutilized market that could significantly benefit the state’s economy.
A view of enthusiastic Nebraska fans at a football game. This campaign for online betting is geared towards harnessing the fanbase for economic growth. (Image: Shutterstock)
WarHorse Gaming, LLC, operates two well-known casinos in Nebraska: WarHorse Casino Lincoln and WarHorse Casino Omaha. They have plans to expand further, establishing a new casino in South Sioux City soon. With approximately $90 million generated from their Omaha and Lincoln venues of the state’s $132 million in gross gaming revenue, their influence on the local gaming landscape is significant.
Economic Implications of Online Sports Betting
Management expert Lynne McNally believes that if Nebraska allowed online sports betting, the gaming market could experience a substantial increase. This step would not only raise the state’s gaming taxes but also help alleviate property taxes, benefiting residents significantly.
Initiating the Online Sports Betting Petition
The 2020 statewide gaming referendum passed in Nebraska, leaving some uncertainty over whether it grants the state legislature the authority to expand sports betting to include online platforms. Regardless, the community is generally in favour of giving the final decision to the voters.
WarHorse Gaming will kick off a petition drive to gauge public support for this initiative. They aim to gather around 125,000 signatures, equating to 10% of the registered voters in Nebraska. If successful, the proposal could be on the ballot for the November 2026 midterms.
“Currently, we’re losing tax revenue to states like Iowa and Colorado due to the restrictions in place. Many residents are using VPN services to place bets out of state,” McNally stated, emphasizing the need for change.
WarHorse Gaming was a key figure behind the referendums that allowed slots and table games at licensed racetracks in Nebraska. Their contributions exceeding $17.5 million towards the “Keep the Money in Nebraska” initiative underscored the public demand to retain gaming revenues locally. Residents were previously spending upwards of $400 million annually across bordering state casinos, leading to significant losses in tax revenue.
Positive Results from Existing Casino Operations
According to a report, the legalization of casino gambling is yielding positive results in Nebraska. The revenue collected from five operating casinos has surpassed projections, allowing for increased funding to be allocated to the Property Tax Credit Cash Fund, which is set to aid homeowners.
The Property Tax Credit Cash Fund, which facilitates tax relief for homeowners, is expected to increase from its previous allocations, benefiting residents across the state. Each household received around $250 per annum on homes valued at $200,000, a figure that will see an uptick this year.
In addition to WarHorse Gaming’s casinos, Nebraska also hosts other prominent gaming venues such as Harrah’s Columbus NE Racing & Casino, Grand Island Casino Resort, and Lake Mac Casino Resort—creating a diverse landscape for gaming in the state.
Final Thoughts
The push for online sports betting in Nebraska is gathering momentum and has the potential to redefine the state’s gaming industry. As WarHorse Gaming leads the charge, the community’s engagement will be crucial in determining the future of sports betting in Nebraska. Stay tuned for developments on this promising initiative!
https://grandrush.blueseo.co.za/wp-content/uploads/2025/12/shutterstock_3632645-858x571-1.jpg571858adminhttp://grandrush.blueseo.co.za/wp-content/uploads/sites/13/2022/09/9a7cf014-66d0-11ec-9d0a-62898edc0f74-1.pngadmin2025-12-23 21:55:092025-12-05 11:50:29Nebraska Online Sports Betting Campaign Will Soon Begin
Get Ready for the UFC White House Event: Top Sports Betting Odds and Tips
The UFC is set to host a spectacular event on the front lawn of the White House in the summer of 2026, marking a historic part of America’s 250th birthday celebrations. As fans buzz with excitement over this unique gathering, the massive scale of the event is already driving a surge in interest for sports betting on high-stakes matchups. Here’s everything we know so far about the fights and the odds!
Special UFC event planned for White House front lawn next summer
Event rescheduled to June 2026 due to logistical challenges
Conor McGregor has shown eagerness to participate in the event
The Concept Behind the Event
The UFC White House event promises to be a one-of-a-kind experience, with UFC CEO Dana White at the helm. His vision includes creating a stunning arena setup right on the White House lawn, making it an unforgettable spectacle. Renderings reveal an Octagon surrounded by seating for up to 5,000 eager fans.
Venue and Attendance
The unique venue aims to draw fans from across the nation. White detailed plans for an impressive arch with ample lighting, ensuring that both the White House and the iconic Washington Monument serve as picturesque backdrops during the fights. Additionally, an expansive viewing party in a nearby park is set to accommodate up to 85,000 spectators, complete with stages and entertainment, transforming the event into a massive outdoor celebration.
Featured Fighters
Prominent fighters, including Conor McGregor and Jon Jones, have expressed interest in taking part in this historic event. McGregor, despite his recent setbacks, remains a fan favourite and is keen on returning to the Octagon. Recently, he hinted at potential matchups with contenders like Michael Chandler, highlighting their past camaraderie on the show Ultimate Fighter.
In a statement to the press, McGregor said, “I am on it. Michael Chandler and I have a good history. It’s thrilling to come back and compete on such a significant occasion.”
Weigh-Ins and Fan Engagements
Weigh-ins for the event are set to take place at the historic Lincoln Memorial, further embedding the event within the rich tapestry of American culture. Dana White emphasised the importance of fan engagement in the build-up to the event, ensuring lively interactions and coverage leading up to the main fights.
Increased Anticipation
The UFC White House event serves as a strategic move by President Trump, who is keen on revitalising public interest in visitor events at the White House. “This event is a fantastic opportunity for fans, fighters, and the sport itself,” White remarked during a recent interview, capturing the essence of why this event is more than just a fight.
Historical Significance
This event represents a significant moment in both sports and political history, as it merges the worlds of combat sports and American heritage. With the potential for record-breaking attendance and historical reception, the UFC is poised to make a lasting imprint on American sporting culture.
Logistical Hurdles
Originally scheduled for July 4, the event has now been moved to June 2026 due to logistical conflicts. Despite these challenges, excitement continues to build as planning progresses.
As we count down to this landmark occasion, fans are left wondering just how spectacular this event will ultimately be. Whether you’re a die-hard UFC enthusiast or a casual observer, the UFC White House event is guaranteed to be an unforgettable part of America’s celebrations.
Stay tuned for more updates on this remarkable event, as more details about fight cards and ticket availability are sure to follow!
Summary
The upcoming UFC event at the White House is set to be a historic celebration of America’s 250th birthday, blending sports and national pride. Featuring a spectacular setup, prominent fighters, and extensive fan engagement, this event promises to create lasting memories. With growing anticipation, the UFC continues to develop its plans for what could be one of the biggest fight spectacles in history.
https://grandrush.blueseo.co.za/wp-content/uploads/2026/04/pixabay-2328014-1776405690880.jpg7111280adminhttp://grandrush.blueseo.co.za/wp-content/uploads/sites/13/2022/09/9a7cf014-66d0-11ec-9d0a-62898edc0f74-1.pngadmin2025-12-23 07:16:212026-07-16 12:06:00UFC White House Event: How to Place Your Sports Betting Wagers | 10BET
Casino Operators Update: Monarch Casino Remains Selective on M&A with Potential Special Dividend | 10BET
Casino Operators Like Monarch Remain Selective on M&A Amid Potential Special Dividends
Monarch Casino & Resort (NASDAQ: MCRI) has been making headlines recently as its stock price has soared by an impressive 30.43%, considerably outpacing the S&P 500 index. This growth comes as the company maintains its position with only two properties: the Atlantis in Reno and Monarch’s flagship in Black Hawk, Colorado. Despite having the smallest number of gaming venues among publicly traded casino operators in the United States, Monarch’s cautious approach to expansion is generating palpable interest among shareholders.
According to Barry Jonas, an analyst with Truist Securities, Monarch’s management is very particular about potential acquisitions. The preferences are clear: the company will only consider properties where it also owns the real estate, those situated in strong, developing markets with firm regulatory frameworks, and locations that do not allow for iGaming activities.
This assessment comes after Black Hawk’s recent decision to join the National Association Against iGaming, making headlines as the first casino municipality in the nation to do so, and narrowing down potential acquisition avenues for Monarch. Currently, internet casinos are permitted in states such as Connecticut, Delaware, Michigan, New Jersey, Pennsylvania, Rhode Island, and West Virginia, making these regions off-limits for Monarch’s acquisition plans.
Monarch Has Alternatives to M&A
In the event that suitable acquisition targets do not materialize, Monarch has alternative strategies to keep investors engaged. Jonas notes that if no deals are completed within the next two years, the company is likely to issue another special dividend alongside its regular quarterly payouts. The idea of a special dividend, indicative of solid financial health, continues to attract investor interest.
Historical interest from suitors to acquire Monarch hasn’t gone unnoticed, though management appears in no haste to sell. Instead, they remain committed to maximising shareholder returns, a focus that is reiterated in Jonas’s notes. The strategic vision here reflects a disciplined investment approach aimed at sustainable growth.
Colorado Market Expansion Focus
Black Hawk has been identified as one of the fastest-growing casino markets across the United States. With Denver serving as a key feeder market for Las Vegas, Monarch has considerable potential to attract more local customers. Despite the challenges posed by real estate restrictions in expanding their current operations, management is exploring all feasible market opportunities, including M&A.
The challenge will be whether other operators in Black Hawk, such as Bally’s, Caesars, Century Casinos, and Penn Entertainment, are willing to part with their properties. Given the attractive nature of the Black Hawk gaming landscape, the answer may lean towards ‘no’.
Key Considerations for Investors
In conclusion, while Monarch Casino’s strategy reflects a careful balance between market opportunities and prudent financial governance, it positions the company favorably for current and future shareholders. Investors must remain attentive to any developments in the merger landscape, as well as the potential for further shareholder returns through special dividends.
Allwyn Expands Sports Betting Footprint with Acquisition of DFS Giant PrizePicks Valued at $2.5 Billion
Allwyn Expands Into Sports Betting Market with Major Stake Acquisition in $2.5 Billion PrizePicks
Allwyn, the Swiss lottery operator, is making a strategic move into the high-stakes world of wagering by purchasing a 62.3% stake in PrizePicks, North Americas largest daily fantasy sports company. This $1.6 billion initial cash investment, which brings the acclaimed company to an enterprise valuation of $2.5 billion, signals Allwyns massive expansion into the competitive landscape of sports betting. The deal, which reportedly exceeds previous valuation estimates for PrizePicks, positions the operator to capture a significant share of the rapidly growing market for digital sports betting and fantasy gaming.
What’s in the Deal?
Allwyn’s Interest in PrizePicks
One of the main attractions for Allwyn is PrizePicks’ potential expansion into the prediction markets sector. PrizePicks is already registered with the National Futures Association (NFA), indicating its serious approach towards branching into regulated markets.
If this move proves successful, Allwyn gets economical exposure to an emerging industry, especially as major players like Polymarket and Kalshi are reportedly eyeing substantial financing rounds suggesting valuations of up to $9 billion and $5 billion respectively.
PrizePicks’ Current Market Performance
In the heavily scrutinised DFS market, PrizePicks has made a name for itself, particularly in states like Arizona and Massachusetts where its market share and revenue are outpacing rivals like Underdog Fantasy. As a sign of its robust performance, PrizePicks reported an adjusted EBITDA of USD 339 million in the last 12 months ending in June 2025, boasting over 60% year-on-year revenue growth.
Strategic Importance to Allwyn
This acquisition marks a significant expansion for Allwyn, which has primarily operated in Europe. With PrizePicks operating across more than 45 states in the US, this strategic move broadens Allwyn’s footprint immensely and positions it favorably in the competitive gaming landscape.
Currently, PrizePicks has altered its offerings to a player vs. player (PVP) model to navigate regulatory hurdles, with only three states — North Carolina, Texas, and Virginia — still permitting player vs. house DFS formats.
Robert Chvatal, CEO of Allwyn stated, “This investment is Allwyn’s largest in the United States to date, and PrizePicks exemplifies innovation by engaging a new generation of sports fans.”
Summary
The acquisition of a majority stake in PrizePicks by Allwyn represents not only a substantial financial transaction but also a strategic pivot towards leveraging the growing DFS and prediction markets. This deal underscores the increasing convergence between traditional lottery operators and the burgeoning online gaming sector, positioning both entities for future growth and innovation.
How Casino Licenses Shape the Future: Why the New York City Bid and Freedom Plaza Were Rejected | 10BET
Understanding Casino Licenses: Why the Freedom Plaza Bid and New York City Projects Were Rejected
The landscape of New York gaming is shifting rapidly, creating a complex environment for those tracking the distribution of new casino licenses. Unfortunately for gamblers and casino enthusiasts, there will not be a casino in Manhattan. The recent decision to reject the Freedom Plaza bid means that just five bids remain for three downstate New York casino licenses, leaving Manhattan’s hopes for a local gaming hub officially dashed.
The Community Advisory Committee (CAC) for the Freedom Plaza proposal, a staggering $11 billion project intended to create an integrated resort casino near the United Nations Headquarters, voted 4-2 against the proposal. Backed by the Soloviev Group and Mohegan, this marked the third instance of a similar 4-2 vote against a downstate New York casino project, following both Caesars Palace Times Square and The Avenir in Hell’s Kitchen.
According to Michael Hershman, CEO of Soloviev Group, “Freedom Plaza was a transformative project that promised benefits that our community deserved and was built upon a sustained engagement with neighbors, civic leaders and stakeholders across the city that recognized this once-in-a-generation opportunity.”
Community Opposition
Despite claims of local support from the Soloviev Group and Mohegan, the Community Board 6 formally opposed the project, emphasizing their disapproval through a resolution. Although the community board lacked the formal power to halt the bid, CAC members recognized the community’s opposition.
Remarkably, the CAC needed a three-fifths majority to forward a bid to the New York Gaming Facility Location Board. Prior to this final vote, the CAC indicated unfavorable ratings towards Freedom Plaza after they rejected an amended bid that proposed including over 1,000 affordable housing units.
No Manhattan Casino
The New York State Gaming Facility Location Board is set to award three downstate casino permits before December 1 but can only grant licenses to projects backed by a CAC.
Among the remaining proposals, two bids are based in Queens (Resorts World New York City, Metropolitan Park), one in the Bronx (Bally’s), another in Westchester County (MGM Empire City in Yonkers), and the last one located in Brooklyn’s Coney Island (The Coney).
MGM’s Empire City and Genting’s Resorts World appear to be strengthening their chances of obtaining full-scale gaming licenses, featuring amenities like Las Vegas-style slot machines, live-dealer table games, and retail sports betting. As for Hard Rock’s proposal in Queens, it seems to be a contender, leaving The Coney and Bally’s in the Bronx with longer odds.
Key Takeaways
In summary, the outcome of the Freedom Plaza bid has opened discussions about the future of casino gaming in the New York metropolitan area, leaving five contenders eyeing the coveted licenses. With community feedback playing a significant role, developers will need to ensure their projects resonate well with local residents to meet the standards set by the advisory committees.
Record Visitation Drives Surging Casino Revenue as Macau’s Economy Flourishes and Gaming Rebounds
Record Visitation Drives Macau Economy as Casino Revenue Rebounds to New Heights
Key Highlights: An in-depth analysis of the factors driving fluctuations in casino revenue, including player demographics, game popularity, and seasonal trends.
The economy in Macau is currently experiencing a remarkable resurgence, with reports showing that gross domestic product (GDP) has climbed more than 5% in the second quarter of 2025. This growth is largely attributed to an increase in tourism, as visitor numbers are at an all-time high, reflecting a significant recovery in casino gaming revenue. This revenue is crucial for Macau, the Chinese Special Administrative Region (SAR), which is now approaching pre-COVID-19 conditions.
In July and August 2025, Macau set new records for gross gaming revenue (GGR), with net wins reaching $2.76 billion in July and $2.77 billion in August. Year-to-date figures indicate that Macau’s casino revenue is up 7.2% compared to the previous year, amounting to $20.36 billion. This figure represents more than 82% of the revenue generated by the six casinos through August in 2019.
Analysts are optimistic as they adjust their full-year GGR outlook positively. The city’s casinos have redirected their focus from high-rolling VIPs to mass and premium-mass markets, catering to leisure and business travelers.
Visitation Hits Record
Casinos in Macau are experiencing a seismic shift, no longer relying heavily on VIP high rollers for their income. In recent years, VIP junket groups have diminished as travel organizers now explore Asian gaming markets beyond China’s reach.
Macau remains the richest gaming market globally, having invested billions into non-gaming amenities. This investment includes embracing entertainment trends such as K-pop, with its large theatres now hosting major acts and events. One notable event was the Fact Music Awards held at the government’s newly opened Outdoor Performance Venue.
According to the Macau Statistics and Census Bureau, visitation in August reached a remarkable 4,219,034 people, marking an 18.4% year-over-year rise. This surge brought the year-to-date figure to nearly 26.7 million visitors—a 15% increase from 2024.
Economic Data Points
Macau’s economy showcases resilience with several strong indicators:
While mainland China’s economy struggles in maintaining a post-pandemic recovery, characterized by decelerating factory and mining output, Macau’s trajectory remains markedly upwards.
In response to the global health crisis, Macau implemented a diversification plan to reduce reliance on gaming, which had previously contributed to over 80 cents of every tax dollar received by the local government. This includes investments in integrated tourism, hosting substantial business gatherings and conventions, as well as promoting ‘health tourism’.
Macau is now more accessible than ever, with numerous cities in mainland China qualifying for Individual Visit Scheme visas. This permits travel to and from Hong Kong and/or Macau without the need for group tours. Furthermore, since 2018, the Hong Kong-Zhuhai-Macau Bridge has further connected Macau with Hong Kong.
Summary: The exciting economic landscape of Macau highlights a bounce-back in tourism and gaming amidst ongoing global challenges. With visitor numbers reaching record heights and consistent revenue growth, Macau’s strategic adaptations showcase its resilience and commitment to diversifying its economy while upholding its status as a world-renowned gaming destination.
Deadly Underground Casino Exposed: The Dangers of Illegal Slot Machines in New York Basements
New York Fire Investigators Uncover Deadly Underground Casino Filled with Illegal Slot Machines
Specialisation: Commercial Gaming, Entertainment, and Expert Insights into the darker side of the desert, including Las Vegas restaurants and debunking urban legends surrounding the presence of illegal slot machines in local establishments.
On a routine check for illegal lithium battery charges in Manhattan’s Chinatown, New York fire inspectors stumbled upon a clandestine gaming room. What began as a concern over safety quickly escalated to the revelation of a fully functioning underground casino.
The illegally renovated basement, located beneath the connected buildings at 118 and 120 Elizabeth Street, boasted numerous violations. Inspectors discovered:
As detailed in the FDNY report, the nature of the basement posed a significant moral danger due to its labyrinthine layout and the sheer amount of clutter found within.
Playing With Their Lives
Commissioner Robert S. Tucker of the FDNY expressed concern, stating, “What our fire prevention members discovered was a disaster waiting to happen.” This prompted the FDNY to call for backup from the City Department of Buildings which issued an evacuation order for the basement residents.
Public safety was at high risk in this hidden lair, illustrating the lengths some will go to keep illegal gambling alive amidst increasing scrutiny by local authorities.
It’s worth noting that this illegal operation was not just about gambling. The presence of hazardous materials and unsafe living conditions raised red flags about the operational integrity of the establishment.
Interesting Facts About Underground Casinos
In closing, the discovery of this underground casino underlines the ongoing battle between illegal gambling enterprises and law enforcement agencies. Such incidents also remind the public of the risks associated with engaging in unregulated gaming activities.
Summary: Fire inspectors revealed a dangerous underground casino in Manhattan while responding to a call about illegal battery charges. The illegally renovated basement showcased numerous safety violations, revealing the risks involved with concealed gambling operations.
Gaming Sector Outlook: Wynn Resorts Shares Positioned for Growth Amid Key Catalysts | 10BET
Wynn Resorts Positioned for Significant Growth Within the Gaming Sector Amid Key Catalysts, Analysts Suggest
Wynn’s shares are already on an upward trajectory, signaling a period of significant expansion within the broader gaming sector. As momentum builds, analysts believe there is still substantial room for growth, leading many to argue that Wynn remains a premier value stock worth considering for those looking to capitalize on the sectors potential.
According to analyst Steven Wieczynski from Stifel, who reiterated a “buy” rating on Wynn shares, the price target has been raised to $145, indicating a 20% increase from current levels. This optimism is fueled by the resurgence of Macau’s gaming sector and clearer developments regarding Wynn’s projects in the United Arab Emirates (UAE). Since hitting post-COVID lows, Wynn’s stock has more than doubled, yet short-term gains might still be forthcoming.
Wieczynski stated, “We believe multiple catalysts lie ahead that should allow for further revaluation of the shares in the next six to twelve months. In our view, the current valuation remains disappointing and continues to discount the recovery in Macau.”
The rebound in Macau’s gaming market has been significant in 2025. Wieczynski argues that Wynn’s current share valuation reflects overly pessimistic market beliefs about the long-term trajectory of gross gaming revenue (GGR) in the region. Moreover, he emphasizes that Wynn’s focus on premium and VIP clients is a long-term sustainable strategy.
Reasons Wynn’s Shares May Be Undervalued
The analyst lists several reasons that may support the notion that Wynn’s stock is undervalued, especially considering its recent increase in value:
Likewise, it could be argued that assigning only $20 per share to Wynn Macau (HK1128) is disproportionately low, as this location represents a significant portion of EBITDA and revenues for the parent company.
Wieczynski further elaborated, “No matter how one chooses to evaluate Macau’s environment, it doesn’t make sense to value its assets at simply $20 per share. To maintain rationality, we should consider that Wynn’s current market capitalization of around $12.7 billion, when reduced by its stake in HK1128, implies that its non-Macau assets are valued at about $90 per share, which would require Macau’s assets to be valued at least at $30 per share.”
This straightforward calculation seems overlooked by many investors; it is only a matter of time before the value assigned to Macau’s assets increases beyond $20 per share.
Abundance of Catalysts for Wynn’s Shares
Wieczynski notes several catalysts set to impact Wynn’s share price over the upcoming six to twelve months:
Wieczynski concludes, “We still believe that WYNN represents one of the most compelling buying opportunities, as we think it is one of the most undervalued companies within our coverage universe. With several catalysts looming and a favorable risk/reward ratio, we would be aggressive buyers at current levels.”
In summary, Wynn Resorts stands at a pivotal point, with potentially significant catalysts supporting the forecast for further growth. With strategic moves in the UAE and a recovering Macau, investors may find the current share price attractive for potential long-term gains.
From Siegfried & Roy Mansion to Las Vegas Casinos: New Museum Transformation | 10BET
From Siegfried & Roy’s Former Estate to a New Landmark Near Las Vegas Casinos
The legacy of legendary Mirage headliners Siegfried & Roy continues to shape the landscape of entertainment, much like the high-stakes energy found within the worlds most famous Las Vegas casinos. In a move that honors this storied history, the Clark County Commission recently approved a historic designation for the “Jungle Palace” at 1639 Valley Drive. This iconic estate, where Roy Horn lived alongside the duo’s beloved tigers and lions, has been transformed into a museum and entertainment venue, offering fans a permanent piece of the spectacle that defines the citys vibrant gambling and showmanship culture.
The 0.42-acre property is famous in Las Vegas, purchased for $3 million in March 2023 by George Carden, patriarch of the Carden International Circus family, and his son, Brett. The estate, which had previously been acquired for $1.87 million in 2022, has been repurposed for public engagement.
It’s a Jungle in There
The Jungle Palace was originally built in 1954 as a Moroccan-themed compound. It boasts an 8,750 square-foot main house, three guest houses, a detached studio, and several water features, including three swimming pools and a jacuzzi. When Siegfried & Roy purchased the home in 1982, they added a bird sanctuary and numerous animal enclosures, transforming it into a unique habitat.
While Siegfried Fischbacher was known for his illusions, Roy Horn took on the role of caretaker for their big cats at the Jungle Palace. According to a profile in Vanity Fair, all of Siegfried & Roy’s cats used to sleep in bed with Horn until they turned one year old. Additionally, he routinely swam with the cats in the estate’s largest pool.
Originating from a cruise ship show where they met in 1957, the duo made their Las Vegas debut in 1967, later headlining at the renowned New Frontier Hotel and Casino. By 1990, they had sufficiently built their reputation, allowing them to open a $30 million theatre at the Mirage, marking one of the most extravagant residencies in Las Vegas history.
Tragic End and Legacy
Sadly, their illustrious career faced a significant setback on October 3, 2003, when a mishandling incident involving Horn’s favourite white tiger led to a near-fatal attack. The incident caused extensive injuries, leading to Horn living with paralysis until he passed away from COVID-19 complications in May 2020. Siegfried died less than a year later due to pancreatic cancer.
Interestingly, unlike other iconic Las Vegas figures, such as Wayne Newton and Liberace, the homes of Siegfried & Roy were never opened to the public during their lifetimes. They were adamant about preserving the sanctity of their private residences, rejecting offers to showcase their homes.
Key Features of the Jungle Palace
This museum promises to celebrate the legacy of Siegfried & Roy, keeping their story alive for future generations and showcasing the enchanting life they led.
In summary, the transformation of the Jungle Palace into a museum not only preserves the magic of Siegfried & Roy but also serves as a testament to their enduring impact on the entertainment industry in Las Vegas. With its fascinating history and unique structures, the museum will surely captivate visitors and fans.
Securing a Casino License: Freedom Plaza Amends Bid to Include 1K Affordable Housing Units | 10BET
Freedom Plaza Casino License Update: Amended Bid to Commit Over 1K Affordable Housing Units
Freedom Plaza, part of a more than $11 billion bid for a casino license in New York, has revised its proposal significantly to include a larger number of affordable housing units for the community.
As the Community Advisory Committee (CAC) votes on this much-anticipated casino resort in Manhattan’s Midtown East, Soloviev Group and Mohegan are promoting the inclusion of rent-controlled housing units that this development aims to provide for New York City’s residents.
Freedom Plaza plans to build 1,080 residential units on-site for the casino, which is to occupy five acres of undeveloped land between 38th and 41st Streets along FDR Drive and 1st Ave. Initially, the developers announced that a minimum of 500 units would be classed as “permanently affordable.” This figure has now been increased to at least 600 affordable units, with a latest commitment that all units will be covered under New York’s Mandatory Inclusionary Housing programme.
“Housing is the foundation of stability. This initiative reflects our steadfast investment in the future of New York,” added Mohegan’s CEO, Ray Pineault.
CAC Vote
The CAC will cast their votes tomorrow on whether to approve the progression of Freedom Plaza’s proposal. If a three-fifths majority, that is, four out of the six committee members vote in favour, this will be the first casino bid accepted by the New York Gaming Facility Location Board (GFLB). The GFLB is expected to allocate three casino licenses by early December, considering only those proposals that have garnered CAC backing.
Recent CAC votes seem to have favoured Freedom Plaza, especially after votes against bids from Caesars Palace Times Square and The Avenir near the Javits Center. Consequently, Freedom Plaza stands as the only remaining casino bid in Manhattan.
Freedom Plaza Features
Freedom Plaza is poised to include two luxury hotels equipped with 1,251 rooms. The plans also indicate over 30 dining establishments, approximately 55,745 square feet of convention and entertainment space, near 31,000 square feet for retail shopping, a childcare facility, and over 4.77 acres of landscaped public park areas scattered throughout the property.
Details regarding the number of slot machines and table games remain undisclosed, although it has been confirmed that the casino floor will measure nearly 300,000 square feet, positioning it among the largest casinos in the United States.
Upon completion, Freedom Plaza anticipates creating around 25,875 construction jobs and 13,403 permanent positions. Soloviev Group and Mohegan have pledged to ensure that both construction and operational roles are unionised.
In summary, Freedom Plaza aims not only to bring gaming entertainment to Manhattan but also promises a significant positive impact on affordable housing within New York. The upcoming Community Advisory Committee vote is pivotal, determining whether this ambitious project moves forward.
Nebraska Online Sports Betting Campaign Will Soon Begin
Nebraska Online Sports Betting Campaign Will Soon Begin
Key Points about Online Sports Betting in Nebraska:
Sports betting in Nebraska has been primarily restricted to physical locations at five racetrack casinos. However, a new movement is underway to broaden the horizons by legalizing online sports betting. This campaign aims to tap into a largely unutilized market that could significantly benefit the state’s economy.
WarHorse Gaming, LLC, operates two well-known casinos in Nebraska: WarHorse Casino Lincoln and WarHorse Casino Omaha. They have plans to expand further, establishing a new casino in South Sioux City soon. With approximately $90 million generated from their Omaha and Lincoln venues of the state’s $132 million in gross gaming revenue, their influence on the local gaming landscape is significant.
Economic Implications of Online Sports Betting
Management expert Lynne McNally believes that if Nebraska allowed online sports betting, the gaming market could experience a substantial increase. This step would not only raise the state’s gaming taxes but also help alleviate property taxes, benefiting residents significantly.
Initiating the Online Sports Betting Petition
The 2020 statewide gaming referendum passed in Nebraska, leaving some uncertainty over whether it grants the state legislature the authority to expand sports betting to include online platforms. Regardless, the community is generally in favour of giving the final decision to the voters.
WarHorse Gaming will kick off a petition drive to gauge public support for this initiative. They aim to gather around 125,000 signatures, equating to 10% of the registered voters in Nebraska. If successful, the proposal could be on the ballot for the November 2026 midterms.
WarHorse Gaming was a key figure behind the referendums that allowed slots and table games at licensed racetracks in Nebraska. Their contributions exceeding $17.5 million towards the “Keep the Money in Nebraska” initiative underscored the public demand to retain gaming revenues locally. Residents were previously spending upwards of $400 million annually across bordering state casinos, leading to significant losses in tax revenue.
Positive Results from Existing Casino Operations
According to a report, the legalization of casino gambling is yielding positive results in Nebraska. The revenue collected from five operating casinos has surpassed projections, allowing for increased funding to be allocated to the Property Tax Credit Cash Fund, which is set to aid homeowners.
The Property Tax Credit Cash Fund, which facilitates tax relief for homeowners, is expected to increase from its previous allocations, benefiting residents across the state. Each household received around $250 per annum on homes valued at $200,000, a figure that will see an uptick this year.
In addition to WarHorse Gaming’s casinos, Nebraska also hosts other prominent gaming venues such as Harrah’s Columbus NE Racing & Casino, Grand Island Casino Resort, and Lake Mac Casino Resort—creating a diverse landscape for gaming in the state.
Final Thoughts
The push for online sports betting in Nebraska is gathering momentum and has the potential to redefine the state’s gaming industry. As WarHorse Gaming leads the charge, the community’s engagement will be crucial in determining the future of sports betting in Nebraska. Stay tuned for developments on this promising initiative!
UFC White House Event: How to Place Your Sports Betting Wagers | 10BET
Get Ready for the UFC White House Event: Top Sports Betting Odds and Tips
The UFC is set to host a spectacular event on the front lawn of the White House in the summer of 2026, marking a historic part of America’s 250th birthday celebrations. As fans buzz with excitement over this unique gathering, the massive scale of the event is already driving a surge in interest for sports betting on high-stakes matchups. Here’s everything we know so far about the fights and the odds!
The Concept Behind the Event
The UFC White House event promises to be a one-of-a-kind experience, with UFC CEO Dana White at the helm. His vision includes creating a stunning arena setup right on the White House lawn, making it an unforgettable spectacle. Renderings reveal an Octagon surrounded by seating for up to 5,000 eager fans.
Venue and Attendance
The unique venue aims to draw fans from across the nation. White detailed plans for an impressive arch with ample lighting, ensuring that both the White House and the iconic Washington Monument serve as picturesque backdrops during the fights. Additionally, an expansive viewing party in a nearby park is set to accommodate up to 85,000 spectators, complete with stages and entertainment, transforming the event into a massive outdoor celebration.
Featured Fighters
Prominent fighters, including Conor McGregor and Jon Jones, have expressed interest in taking part in this historic event. McGregor, despite his recent setbacks, remains a fan favourite and is keen on returning to the Octagon. Recently, he hinted at potential matchups with contenders like Michael Chandler, highlighting their past camaraderie on the show Ultimate Fighter.
In a statement to the press, McGregor said, “I am on it. Michael Chandler and I have a good history. It’s thrilling to come back and compete on such a significant occasion.”
Weigh-Ins and Fan Engagements
Weigh-ins for the event are set to take place at the historic Lincoln Memorial, further embedding the event within the rich tapestry of American culture. Dana White emphasised the importance of fan engagement in the build-up to the event, ensuring lively interactions and coverage leading up to the main fights.
Increased Anticipation
The UFC White House event serves as a strategic move by President Trump, who is keen on revitalising public interest in visitor events at the White House. “This event is a fantastic opportunity for fans, fighters, and the sport itself,” White remarked during a recent interview, capturing the essence of why this event is more than just a fight.
Historical Significance
This event represents a significant moment in both sports and political history, as it merges the worlds of combat sports and American heritage. With the potential for record-breaking attendance and historical reception, the UFC is poised to make a lasting imprint on American sporting culture.
Logistical Hurdles
Originally scheduled for July 4, the event has now been moved to June 2026 due to logistical conflicts. Despite these challenges, excitement continues to build as planning progresses.
As we count down to this landmark occasion, fans are left wondering just how spectacular this event will ultimately be. Whether you’re a die-hard UFC enthusiast or a casual observer, the UFC White House event is guaranteed to be an unforgettable part of America’s celebrations.
Stay tuned for more updates on this remarkable event, as more details about fight cards and ticket availability are sure to follow!
Summary
The upcoming UFC event at the White House is set to be a historic celebration of America’s 250th birthday, blending sports and national pride. Featuring a spectacular setup, prominent fighters, and extensive fan engagement, this event promises to create lasting memories. With growing anticipation, the UFC continues to develop its plans for what could be one of the biggest fight spectacles in history.