*Blog postings do not necessarily reflect the views of Fantini Research
Maverick Gaming, a new company started just last year, has made another set of casino purchases.

The company headed by Eric Persson and Justin Beltram is buying Red Lion Casino, Gold Country Casino and High Desert Inn in Elko, Nevada, from Navegante Group.

The purchase follows Maverick’s initial acquisitions of Wendover Nugget and Red Garter Hotels in Elko last year, and the announcement in September that it will buy Nevada Gold & Casinos, which operates nine mini-casinos operating 120 table games in Washington state, seven in Greater Seattle and two in the Tri-Cities region in eastern Washington.

The purchase of Red Lion, Gold Country and High Desert will add 435 slot machines, 11 table games and 544 hotel rooms to Maverick, whose other Elko properties have more than 600 hotel rooms and 1,200 slot machines.

Macau’s visitors on package tours and hotel guests both increased in February thanks in part to the Chinese New Year.

Package tour visitation grew 15.3 percent to 706,000 people, with visitors from Mainland China up 14.0 percent to 529,000 and Hong Kong up 27.7 percent to 17,000.

Through the first two months, visitors on package tours are up 4.3 percent to 1.475 million.

Hotel visitation grew 5 percent to 1.088 million in February with an average occupancy rate of 91.9 percent, up 2.3 percentage points.

GAN’s first quarter included exceptional growth of gross operator revenue as New Jersey sports betting benefited from the Super Bowl and NCAA basketball tournament, CEO Dermot Smurfit said.

Sports betting, real-money gaming and Simulated Gaming revenue all hit record levels in the quarter.

Gross operator revenue grew 148.3 percent to $59.1 million over last year and 41.4 percent over the fourth quarter.

By Steve Norton
CEO, Norton Management

There are many US states that are looking at various ways to introduce sports betting to their citizens, and many are considering online gaming bills that might also offer hundreds of in-game and proposition bets available on a single sporting event. 

Nevada's experience with sports betting, shows that only about 2% of gaming revenues are from sports wagers and on each $100 bet, the federal government gets 50 cents, the casino earns about $5, and the state 34 cents, leaving the casino just over $4 to cover payroll, marketing, other variable costs, and hopefully end with a profit. But in reality, I think you will find that most Nevada operators like sports betting, because it brings customers into the property where sales and taxes are realized from restaurants, night clubs, accommodations, entertainment, meetings, and yes, even the slots and table games.

Want to reach the most elite audience of investment professionals and corporate executives in the gaming industry? Then advertise on our website. Others target. We pinpoint. Just visit our Advertising Rates section to learn more.