Jess Marquez

Nevada

Managing Editor at Global Gaming Business Magazine

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Articles

U.S. IN FOCUS - GGB News

1 day ago | ggbnews.com | Jess Marquez

Rezoning Bill for Cohen’s Metropolitan Park Clears Assembly The New York state Assembly May 13 voted 138-7 to approve a rezoning bill for Mets owner Steve Cohen’s $8 billion Metropolitan Park bid, the latest step forward for the project. Currently, the 50 acres of asphalt parking lot around the stadium are zoned as parkland, so Cohen would need to clear all zoning-related hurdles in order for his bid to be considered. The project will not move forward without the casino component.
TRIBAL GAMING IN FOCUS

1 day ago | ggbnews.com | Jess Marquez

Tribal Lawyers Explore Legal Options for Prediction Markets Victor Rocha and Jason Giles of the Indian Gaming Association hosted three well-known tribal gaming attorneys on the IGA’s New Normal webinar series May 14, assessing how prediction markets impact tribal sovereignty and gaming rights. In recent months the series has explored the rising challenge from sweepstakes sites. It is now highlighting prediction markets as they continue to expand.
U.S. Gaming Revenue Hit Record $72 Billion in 2024

1 day ago | ggbnews.com | Jess Marquez

The latest State of the States revenue report from the American Gaming Association, released on May 13, showed that U.S. commercial gaming generated $72 billion in revenue in 2024, a 7.5 percent increase from 2023. Last year’s total set a new all-time record for the fourth consecutive year, an impressive feat on the heels of the Covid pandemic and subsequent economic headwinds. Of the 38 states with commercial gaming, 28 set all-time individual records last year, per the AGA.
'Existential threat': Tribal law experts decry rise of prediction markets

2 days ago | igamingbusiness.com | Jess Marquez

As the battle involving regulators, states, the federal government and prediction markets wages on, tribes so far have been quiet. But that could soon change. Victor Rocha and Jason Giles of the Indian Gaming Association hosted three well-known tribal gaming attorneys on the IGA’s New Normal webinar series Wednesday, assessing how prediction markets impact tribal sovereignty and gaming rights. In recent months the series has explored the rising challenge from sweepstakes sites.
US commercial gaming revenue sets fourth consecutive record in 2024 but CEO outlook still slightly negative

2 days ago | igamingbusiness.com | Jess Marquez

2024 was another record year for US gaming, per the AGA. But will economic uncertainty snap that streak in 2025? The latest State of the States revenue report from the American Gaming Association, released Tuesday, showed that US commercial gaming generated $72 billion in revenue in 2024, a 7.5% increase from 2023. Last year’s total set a new all-time record for the fourth consecutive year, an impressive feat on the heels of the Covid pandemic and subsequent economic headwinds.
Bally's shuns analysts again, reports another 5% revenue drop in Q1

3 days ago | igamingbusiness.com | Jess Marquez

For the third consecutive quarter, officials from Bally’s Corp did not address analysts in releasing first-quarter results Monday. No calls have been held in the last two quarters and no questions were fielded in the previous call before that. Each instance has seen little explanation — in Q3 2024, only prepared remarks were given because a shareholder vote to approve the Bally’s buyout from Standard General was to be held two weeks later.
ASIA IN FOCUS - GGB News

1 week ago | ggbnews.com | Jess Marquez

MGM Exec: Japan to Resume IR License BiddingThe Japan Casino Regulatory Commission, which awarded only one of three available casino resort licenses in 2023, will reportedly reopen the application process in the coming year. Speaking April 7 at G2E Asia, MGM President of Global Development Ed Bowers said the central government is “actively working” on a second round of bidding for integrated resorts with gaming, with a goal of licensing two more by December 2027.
CFTC Stands Down in Election Betting Fight

1 week ago | ggbnews.com | Jess Marquez

The fight over legal election betting in the U.S. looks to have swung considerably and perhaps definitively, in favor of prediction markets. On May 5 the Commodity Futures Trading Commission submitted a motion for voluntary dismissal to end its appeal against Kalshi, the New York-based exchange that has taken the sports betting industry by storm. The case was being heard by the U.S. Court of Appeals for the DC Circuit, and the motion was approved a day later.
WEEKLY FEATURE: Reno Officials OK Tax Financing for GSR Arena

1 week ago | ggbnews.com | Jess Marquez

The Reno Redevelopment Agency, composed of city council members, voted 5-2 May 7 to approve approximately $68 million in tax-increment financing for a new 10,000-seat arena for the Grand Sierra Resort, per the Reno Gazette Journal. Under the arrangement, the GSR will be reimbursed 90 percent of its property taxes through 2035 to help fund the development, and owner Alex Meruelo has said he will redirect 5 percent of that back to local youth sports initiatives.
U.S. IN FOCUS - GGB News

1 week ago | ggbnews.com | Jess Marquez

NYC Planning Commission Approves Coney Island Bid The New York City Planning Commission has voted in favor of The Coney, a massive mixed-use development in Coney Island centered around a casino, hotel, convention center and more, according to News 12 Brooklyn. A consortium of partners on the bid includes Thor Equities, Legends Entertainment, the Chickasaw Nation and Saratoga Casino Holdings. With the approval, the matter will now proceed to the city council for final review.