The Hot Clicks of the Week | | |
Las Vegas Strip casinos report 81% decline in 2025 net income vs. 2024, 4% drop in total revenue
Las Vegas Strip casinos saw net income of $154.2 million in the state’s 2025 fiscal year. That was a decrease of $666 million or 81% compared to 2024. Total revenue decreased nearly 4% and expenses rose during a 12-month period when the number of employees continued to decline, according to a report released Wednesday by the Nevada Gaming Control Board. By contrast, Las Vegas area casinos that cater to local residents fared much better, with slight gains in total revenue and a much smaller decline in net income when compared to 2024’s totals.
Read more: Buck Wargo, CDC Gaming
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Pass Casino in Henderson sold to Emerald Island and Rainbow Club owners
The Pass Casino in downtown Henderson has entered into an agreement to be acquired by the ownership group of two neighboring properties and is scheduled to shutter August 1 for a year’s renovation. The sale comes as Pass Casino owner Joe DeSimone of DeSimone Gaming goes before the Nevada Gaming Control Board on Wednesday to seek a license to operate the Bighorn Casino in North Las Vegas and the Longhorn Casino on Boulder Highway in Las Vegas. About 60 employees work at The Pass.
Read more: Buck Wargo, CDC Gaming
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Primm family partners with Terrible’s to operate properties in Primm on California Nevada border
The Primm family announced Tuesday that they have signed an agreement with Las Vegas-based Terrible’s to operate its hotel-casinos and related properties in Primm... The remaining operations were scheduled to close July 4. Cory Clemetson, the grandson of Primm founder Ernie Primm and president of the Primm South Real Estate Company, said the Primm family, which has owned hundreds of acres of land and businesses at the town since the 1950s, said in a statement that they are “delighted to partner with Terrible’s and the Herbst family.”
Read more: Buck Wargo, CDC Gaming
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California: Medical student wins $2.2 million home from Pechanga Resort Casino
A South Los Angeles medical student who lives in a 500-square-foot converted garage near Vernon, California, is going from the garage to the penthouse after winning a $2.2 million home from Pechanga Resort Casino in Temecula, California. The three-month casino promotion came down to Anahy M. and two other finalists selecting keys to the door to a new luxury home. Anahy picked key number one and stood behind the middle door on the final stage. Ty Pennington, the event’s host and emcee, told the contestants to “open that door!”
Read more: Rege Behe, CDC Gaming
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Bally’s CFO discusses progress on A’s stadium site, Chicago and NYC casinos
The CFO of Bally’s told Nevada regulators Wednesday the company’s goal is to have retail and other amenities ready in time for the A’s opening their $2 billion baseball stadium in 2028, but she didn’t give a 100% guarantee. Mira Mircheva was appearing before the Nevada Gaming Control Board on a routine regulatory matter when she was asked to give an update on the company’s progress with the former Tropicana Las Vegas site where the stadium is being built, and Bally’s projects in Chicago and New York. Bally’s plans to open and operate retail to coincide with the debut of the A’s stadium.
Read more: Buck Wargo, CDC Gaming
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Wynn’s chief global compliance officer welcomes new Nevada AML oversight
Las Vegas Strip casinos are under the watchful eye of Nevada gaming regulators after slew of anti-money-laundering and other violations led to a combined $32 million in fines. Wynn Resort’s Omar Khoury, for one, welcomes the oversight and wants to protect the industry’s reputation. Khoury has served as Wynn’s chief global compliance officer for nearly two years, overseeing compliance in the U.S., Macau, and the UK, and will do so in the United Arab Emirates when the company’s casino opens there in 2027.
Read more: Buck Wargo, CDC Gaming
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Celebrity drug trafficker O-Dog goes 0-for-Caesars
“Cocaine Quarterback” star Owen Hanson’s image rehab tour was thrown for a loss last week at Caesars Palace after casino security walked him off the property and forced the convicted drug trafficker and illegal bookmaker to cancel his appearance at the CrimeCon 2026 confab. The three-day convention devoted to true-crime enthusiasts featured an eclectic lineup and Hanson was considered a big attraction. As one CrimeCon post enthused, “Owen Hanson had everything – then lost it all. The subject of Prime Video’s ‘Cocaine Quarterback’ went from USC football star to a world of high-stakes sports betting, drug trafficking, money laundering, and cartel connections.”
Read more: John L. Smith, CDC Gaming
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Ainsworth chair Danny Gladstone, company secretary Mark Ludski step down over reports of personal payments
Long-time Ainsworth Game Technology (AGT) Chairman Danny Gladstone and Company Secretary Mark Ludski have resigned from their roles, the company announced this morning. According to information filed with ASX, Gladstone and Ludski will step down effective immediately, with the decision made in light of recent media reports regarding personal payments made to them over eight years ago. As reported by Inside Asian Gaming, those payments – AU$10 million to Gladstone and AU$5 million to Ludski – were made by company founder Len Ainsworth after he sold his majority stake to Novomatic AG in 2018.
Read more: Ben Blaschke, Inside Asian Gaming
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