The U.S. gaming industry faces several critical challenges and opportunities in 2025, according to leading consultancy firm Spectrum Gaming. Here are the key issues that will shape the industry's future:

New York City Casino Licenses

• Three licenses available at $500 million each
• MGM Resorts and Genting are frontrunners for two licenses
• Major competitors including Sands, Caesars, Hard Rock, and others vie for the remaining license
• Decision expected late 2025
• Empire City Casino and Resorts World NYC may convert from racinos to full casinos

Texas Gaming Legislation

• Las Vegas Sands continues lobbying efforts to end casino ban
• Dr. Miriam Adelson's recent Dallas Mavericks acquisition adds interest
• Biennial legislative session resumes January 2025
• Push for both casino legalization and sports betting
• Faces significant opposition from lawmakers

iGaming Expansion

• Currently legal in only seven states: Connecticut, Delaware, Michigan, New Jersey, Pennsylvania, Rhode Island, and West Virginia
• Industry watching impact on unregulated sweepstakes casinos
• Could drive more state legalization efforts
• Represents significant growth opportunity for regulated operators

Additional Industry Concerns

• Controversy surrounding online "sweepstakes" casinos
• Expansion of historical horse racing (HHR) machines
• State regulation of "skill gaming" terminals
• Impact of new technologies on traditional gaming
• Regulatory compliance and enforcement

These trends will significantly influence industry growth, regulation, and market opportunities throughout 2025 and beyond.

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