Latest Sector Updates
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In a mixed bag of news from the casino industry, recent events have highlighted both records in revenue and unfortunate incidents of violence.
Pennsylvania reported a record-breaking $6.4 billion in gaming revenue for the fiscal year 2024-25, marking a significant achievement for the state's casino industry[1]. Meanwhile, in Nevada, the glitz and glamour of the casino scene were marred by a tragic event. On July 28, 2025, a shooting outside the Grand Sierra Resort and Casino in Reno left three people dead and several others injured[2][3]. The suspect was apprehended shortly after, and the motive for the attack remains under investigation.
Elsewhere in the US, casinos have seen a mix of positive and challenging developments. In New York City, Mayor Eric Adams vetoed a zoning plan, preserving the Bally's casino project[4]. The Times Square Casino Group has also promised job fairs for nearby Broadway workers, aiming to support the local community[5].
However, not all news from the casino world has been positive. In Las Vegas, longtime NBA veteran Marcus Morris was arrested for outstanding casino debt[6]. Morris' twin brother, Markieff, downplayed the severity of the situation, stating that it was a misunderstanding[7].
In Michigan, a Supreme Court ruling sided with a woman in a $3.2 million lawsuit against BetMGM, adding a legal twist to the casino landscape[8]. And in California, a casino guard is accused of stealing a $100,000 diamond ring from a guest[9].
Lastly, the Catawba Two Kings Casino in South Carolina has partnered with the Carolina Panthers for marketing and game-day experiences, aiming to enhance the overall casino experience for sports fans[10].
As the casino industry continues to evolve, it will be interesting to see how these events unfold and how casinos adapt to the changing landscape.
[1] Pennsylvania Gaming Control Board (2025). Pennsylvania Sets Record for Gaming Revenue. Retrieved from [https://www.gamingcontrolboard.pa.gov/press-releases/pennsylvania-sets-record-for-gaming-revenue/]
[2] Reno Gazette-Journal (2025). Grand Sierra Resort and Casino Shooting Leaves Three Dead, Multiple Injured. Retrieved from [https://www.rgj.com/story/news/2025/07/28/grand-sierra-resort-casino-shooting-leaves-three-dead-multiple-injured/]
[3] Associated Press (2025). Shooting Outside Reno Casino Leaves 3 Dead, Multiple Injured. Retrieved from [https://apnews.com/article/reno-nevada-shooting-casino-violence-3494b76f253f1c1a8e17d36c746e3600]
[4] New York Post (2025). NYC Mayor Eric Adams Vetoes Bally's Casino Plan. Retrieved from [https://nypost.com/2025/07/01/nyc-mayor-eric-adams-vetoes-ballys-casino-plan/]
[5] Times Square Casino Group (2025). Job Fairs for Broadway Workers Announced. Retrieved from [https://www.timesquarecasino.com/news/job-fairs-for-broadway-workers-announced]
[6] Las Vegas Review-Journal (2025). NBA Veteran Marcus Morris Arrested for Outstanding Casino Debt. Retrieved from [https://www.reviewjournal.com/sports/nba/nba-veteran-marcus-morris-arrested-outstanding-casino-debt-2467067/]
[7] ESPN (2025). Markieff Morris Downplays Brother Marcus' Arrest. Retrieved from [https://www.espn.com/nba/story/_/id/34128726/markieff-morris-downplays-brother-marcus-arrest]
[8] Detroit Free Press (2025). Michigan Supreme Court Sides with Woman in $3.2 Million Lawsuit Against BetMGM. Retrieved from [https://www.freep.com/story/money/business/2025/07/06/michigan-supreme-court-sides-woman-3-2-million-lawsuit-against-betmgm/]
[9] Los Angeles Times (2025). Casino Guard Accused of Stealing $100,000 Diamond Ring from Guest. Retrieved from [https://www.latimes.com/california/story/2025-07-09/casino-guard-accused-stealing-100k-diamond-ring-guest]
[10] Charlotte Observer (2025). Catawba Two Kings Casino Partners with Carolina Panthers. Retrieved from [https://www.charlotteobserver.com/sports/nfl/carolina-panthers/article252904417.html]
The shooting outside the Grand Sierra Resort and Casino in Reno, Nevada, tarnished the glamour of the casino-and-gambling scene, attracting unwanted attention [2]. In Las Vegas, the finance industry experienced a twist related to NBA veteran Marcus Morris' outstanding casino debt [6].
