Latest News
Casino Stocks Are Crashing – Is This the First Domino to Fall?

Casino stocks are taking a beating, and investors are paying attention. Over the past three months, shares of major gaming companies have plunged, with some losing nearly a third of their value.
It’s a sharp reversal from the post-pandemic boom, raising questions about what’s happening. Are consumers pulling back? Is Las Vegas losing its luster? Or is this an early warning sign of something bigger, like a possible U.S. recession?
The Numbers: Casino Stocks Down Double Digits
If you’ve been following the markets, you’ve seen the red ink spreading across the gaming sector. Since the start of the year, stocks of America’s biggest casino operators have fallen across the board:
Caesars Entertainment (-33.46%) and Las Vegas Sands (-23.35%) are leading the decline, but it’s not just them. MGM is down nearly 18%, and even Wynn Resorts, which fared the best, lost 4.44%.
What’s Behind the Drop?
It’s not one thing – it’s a cocktail of economic pressures, policy shifts, and changing consumer habits that are hitting casinos where it hurts.
1. Americans Are Watching Their Wallets
When the economy tightens, luxury spending is often the first thing to go. Casino visits aren’t a necessity, and early signs suggest that discretionary spending is starting to slow. Inflation has been eating into real wages, interest rates remain high, and household debt levels are creeping up. If consumers are feeling the squeeze, gambling revenues are one of the first places you’ll see it reflected.
2. Las Vegas Tourism Isn’t Bouncing Back Like Before
Las Vegas thrived in the post-pandemic reopening boom, but that momentum might be fading. Canadian tourists, who are a key demographic for Vegas, are visiting less due to the strong U.S. dollar and a weaker Canadian economy. Meanwhile, high-end Chinese tourism, which casinos rely on for their biggest spenders, is still struggling. Economic uncertainty and stricter money transfer rules in China have kept many of those gamblers at home.
3. Trade Policies and Global Uncertainty
The Trump administration’s renewed trade disputes with China and Canada aren’t helping either. Retaliatory tariffs could slow economic activity and dampen consumer confidence. If the broader economy starts to weaken, luxury sectors like casinos could take a bigger hit.
“Don’t blame it all on Trump’s erratic trade policies. They play a role, but there’s a bigger picture at play. China’s slowing down, the post-pandemic boom is receding, and the market is beginning to wrangle with serious questions about debt, the deficit, and a slowdown in government spending” – James from Nowagercasinos.com
4. Why Caesars and Las Vegas Sands Are Taking the Worst Hits
Not all casino stocks are created equal. Caesars Entertainment’s heavy reliance on the U.S. market, especially Las Vegas, makes it more vulnerable to domestic slowdowns. Add in its $12 billion debt load, and you have a recipe for investor nervousness. Rising interest rates make refinancing more expensive, and if revenue slows, Caesars could be in a tough spot.
Las Vegas Sands, on the other hand, has no U.S. casino presence anymore – it bet everything on Asia. That means its stock is almost entirely tied to Macao and Singapore. If China’s economy slows or travel restrictions tighten, it feels the pain immediately. That’s likely why its shares have been hit so much harder than Wynn’s, which still has a mix of U.S. and international operations.
Recession Warning or Just an Industry Correction?
So, what does this all mean? Is the casino sector flashing a warning sign for the broader economy? Maybe, but it’s not a slam-dunk case for a full-blown recession.
Gaming stocks are highly sensitive to sentiment. Investors could simply be rotating out of high-risk, consumer discretionary stocks due to interest rate worries. That’s happened before, without an actual recession following.
That said, if casino revenues start declining sharply in upcoming earnings reports, that could indicate a real consumer pullback. And if that’s happening at the same time as weak retail sales, rising unemployment, and slowing GDP growth, then we’ve got a bigger problem on our hands.
For now, the sharp drop in casino stocks is worth watching, but it’s not necessarily time to hit the panic button. At least, not yet!
Latest News
RG24seven collaborates with industry experts to expand landmark Sports Betting training for gaming employees

RG24seven Virtual Training, the industry-leading, free video-based virtual training system for casino and gaming employees and a BMM Innovation Group (BIG) company, is pleased to expand training offerings to include new sports betting courses. The new courses highlight the fundamentals of sports betting, the legal landscape, ethics and marketing, and responsible gaming practices.
Wendy Anderson, CEO of RG24seven Virtual Training, said, “We all play a part in upholding the reputation and credibility of our industry. We brought together top experts in the industry to create these courses and ensure that gaming employees are fully informed about all aspects of working in and around sports betting.”
Victoria Reed, CEO of Better Change and Strategic Advisor for RG24seven, added, “We also want to provide gaming employees with as much information as possible about the variables that influence the sports betting industry, such as the laws, its reputation, and why it’s important that we remain as ethical as possible. We hope learners will gain a strong working knowledge of sports betting, as well as understand the significance of the regulations, integrity in sports, and responsible gaming.”
Anderson concluded, “Sports betting is meant to be fun, and it’s even more so when you fully understand not only the terminology but also how you can protect both yourself and your customers from gambling harm. We welcome gaming company executives, managers, and other representatives to request organization-wide access to our new training.”
Latest News
Wildly popular ‘Fortune Tiger’ game among PG Soft Brazil rollout

Global iGaming powerhouse SkillOnNet has announced the expansion of its strategic partnership with award-winning game developer PG Soft bringing the studio’s acclaimed content to the regulated Brazilian market.
The move comes just months after SkillOnNet went live in Brazil with its licensed brands PlayUZU.br and BacanaPlay.br, as one of the first operators to gain approval from the brand-new licensing regime.
The integration of PG Soft’s engaging portfolio, including the wildly popular Fortune Tiger, will bolster SkillOnNet’s offering in one of the most exciting emerging markets in the world.
Fortune Tiger, known locally as Jogo do Tigrinho, has become a cultural phenomenon in Brazil. Its rapid rise has been fueled by viral marketing on platforms like TikTok and YouTube, where influencers showcase big wins and gameplay tips.
PG Soft’s content is already live in over 100 countries and supports 23 languages and 100 currencies. Known for rich visuals and innovative mechanics, the studio has earned global recognition for its ability to connect with players across diverse markets.
SkillOnNet operates more than 40 brands in regulated markets globally and boasts a platform of over 7,000 titles from the industry’s top providers. PG Soft’s integration further diversifies SkillOnNet’s content portfolio, solidifying its position as a key player in Brazil’s rapidly growing iGaming landscape.
Jani Kontturi, Head of Games at SkillOnNet said: “Brazil is a market full of potential, and we’re investing heavily to ensure we become a top-tier operator here. PG Soft’s content, especially Fortune Tiger, has already made a big impact in the region. This collaboration strengthens our commitment to localising our offering and bringing world-class entertainment to the market.”
PG Soft commented: “We’re delighted to extend our partnership with SkillOnNet into Brazil, a market where our games – especially Fortune Tiger – have really resonated with players. SkillOnNet is a leading name in regulated markets, and their ambitious plans for Brazil match our own. We’re confident that this collaboration will set a new benchmark for quality and engagement in the region.”
Conferences
EGT Digital at SBC Summit Americas 2025: High-tech gaming solutions for brilliant performance

EGT Digital is ready for its first memorable participation in SBC Summit Americas. The company has prepared a fascinating range of innovative online gaming products, which will be available at booth C290.
EGT Digital will demonstrate its impressive portfolio of in-house developed slot games, including over 140 popular titles, as well as the jackpot bestsellers Bell Link, High Cash, Clover Chance, and Single Progressive Jackpot.
Visitors will also be able to learn more about the 4-level multi-denomination Gods & Kings Link, the latest member of the company’s jackpot family. Its first 2 games – Glorious Alexander and Ape of Luck, will provide players with numerous opportunities for winning and entertainment.
The newest addition to Clover Chance – the 5×6 Fruity Shots game, will also attract players’ attention. With a vibrant cocktail theme, it will offer functionalities such as the Toppling Reels feature, adding extra excitement by filling empty positions with new symbols, thus creating even more chances to win.
The company’s iGaming platform X-Nave will also be on display to provide operators with everything they need to build and grow their online business. It will demonstrate its 4 main modules: Sport Product, Gaming Aggregator, CRM Engine, and Payment Gateway. Standing out with great versatility, each of them is able to function as part of the turnkey solution or independently, as they allow seamless integration with third-party developments.
The Sport Product will introduce its rich sports and esports content across a number of markets around the world. EGT Digital’s Gaming Aggregator will reveal a vast range of over 13,000 titles from more than 130 popular providers, as well as a lot of functionalities for content personalization. X-Nave’s CRM Engine with its ever-evolving player management tools and bonus features, as well as the Payment Gateway, covering a wide variety of payment methods, will further expand operators’ capabilities to create customized and more engaging offerings for their customers.
“SBC Summit Americas is a well-established event, bringing together key players from across the LATAM region,” said Tsvetomira Drumeva, Head of Sales at EGT Digital. “I am confident that our participation will provide us with numerous options to start new high-potential collaborations and strengthen our existing partnerships. We are also happy to be among the finalists in the SBC Awards Americas 2025 this year.”
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