Nevada Gaming Revenue: Strip Gains Mask Wider Declines

Nevada Gaming Revenue: Strip Gains Mask Wider Declines

Nevada casinos won $1.39 billion in July, up 2.07% from a year earlier, the state gaming board reported. The Las Vegas Strip’s win rose 3.64% to $776.3 million while Downtown Las Vegas fell 8.64% and the Boulder Strip dropped 2.48%. Clark County’s overall win rose just 1.51% because the county’s combined win outside the Strip … Read more

Ninth Circuit Kalshi Ruling Backs Nevada Sports Ban

Ninth Circuit Kalshi Ruling Backs Nevada Sports Ban

A Ninth Circuit panel ruled 3-0 that Nevada can enforce its gambling laws against Kalshi’s sports event contracts. Sports contracts made up more than 90% of Kalshi’s trades and 95% of its revenue in 2025, the court noted. The ruling conflicts with a Third Circuit decision favoring Kalshi, splitting the federal appeals courts on the … Read more

Nevada Approves $7.2M Venetian Fine Over Illegal Bookmaker

Nevada Approves $7.2M Venetian Fine Over Illegal Bookmaker

The commission approved the $7.2 million settlement 3-0, the sixth-highest fine ever assessed against a Nevada gaming company. Bowyer made 30 trips to the Venetian from 2019 to 2021, depositing about $22.3 million and losing at least $3.6 million. Current owner Apollo Global Management pays for conduct that occurred almost entirely under Las Vegas Sands’ … Read more