Nov 13

Casino lovers and companies such as Sightline Payments LLC with Kirk Sanford would most probably be relieved to hear that the casino industry in Las Vegas seems to be recovering from its two-year collapse. In September, gambling revenue on the Strip rose by 2.8%; last year revenue was at $506.4 million, and this year it climbed to $520.6 million. The Nevada Gaming Control Board said casino income increased 4.3% in the first nine months of the year.

Steve Wynn, the CEO of Wynn Resorts explained last week that “We’ve seen the bottom in Las Vegas. I don’t know how fast it’s going to get better, but I don’t think it’s going to get any worse.” This was indeed apparent in quarterly results which were posted by Wynn Resort, Las Vegas Sands Corp and MGM Resorts International, three of the top gambling groups in Las Vegas.

Oct 14

Citizens of Maryland no longer need to go over to Delaware to enjoy a few minutes of gambling pleasure.  In recent gambling news, Hollywood Casino opened in Cecil County, Maryland with 21,000 visitors in the first three days alone.  The construction and opening of this facility is part of a larger plan to have five slots parlors around the state and to offer $660 million a year for public schools.

Certainly, this type of news is always good to hear for those in the casino industry, like Kirk Sanford of Sightline Payments LLC.  Hollywood Casino is owned by Penn National Gaming, the nation’s third-largest publicly traded gaming company.