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Devin O'Connor
8470 stories by Devin O'Connor
Jason Ader Discusses Okada Manila Takeover, Merger with Philippines Casino
Jason Ader of SpringOwl Asset Management has been caught in the middle of a hostile takeover of Okada Manila, the $2.6 billion integrated casino resort that his special purpose acquisition company (SPAC) 26 Capital is...
PGA Tour Suspends LIV Golf Participants, US Open Odds Unimpacted
The PGA Tour today announced the severe consequences of its members deciding to test the LIV Golf waters and compete on the new Saudi-funded professional golf tour. PGA Tour Commissioner Jay Monahan said today that...
Massachusetts Gov. Charlie Baker Likens Sports Betting to Cannabis
Massachusetts Governor Charlie Baker (R) says the issue of sports betting is quite similar to the state's legalization of cannabis. Massachusetts is one of 19 states that has decriminalized both medicinal and recreational cannabis use....
Silver Slipper Casino GM Tells Parents To Get a Babysitter, Resort Becoming 21+
The Silver Slipper Casino Hotel in the southernmost part of Bay St. Louis, Ms., will soon only be for guests aged 21 and older. Management at the Mississippi casino owned and operated by Full House...
Caesars Atlantic City Gets Bulk of Parent Company’s $400M Local Investment
Caesars Atlantic City is being allocated the majority of Caesars Entertainment's $400 million investment budget for its three casinos in town. When Caesars Entertainment sought to merge with Eldorado Resorts in 2020, the New Jersey...
Las Vegas Strip Land Across From Mandalay Bay Sold to Anonymous Buyer
Las Vegas Strip real estate continues to be a hot commodity, as casinos report record revenue in the aftermath of the COVID-19 pandemic. The Las Vegas Review-Journal reports that Lily Funds' Tom McManus has found...
Maryland Casinos Win Nearly $180M in May, State Industry’s Second-Best Month
Maryland casinos reported gross gaming revenue (GGR) last month of $178.76 million. The haul represents the second-best month on record. Maryland's first casino opened in September 2010. May 2022 represented a 3.7% improvement on May...
Kazuo Okada Addresses Okada Manila Staff, Ousted Ownership Files Lawsuit
Kazuo Okada, 79, was ousted from control of his namesake casino resort in the Philippines in 2017. Now, it's the Japanese billionaire who is doing the ousting. Okada led a forcible takeover of the $2.4...
Phil Mickelson Comes Clean About Excessive Gambling, Admits Addiction
Phil Mickelson has earned nearly $95 million on the course during his World Golf Hall of Fame career and an estimated $700 million more from endorsements. But the 45-time PGA Tour winner admits gambling has...
Universal Entertainment Accuses Philippines of Taking Sides in Okada Manila Dispute
Universal Entertainment Corporation, which owns and operates Okada Manila through its subsidiary Tiger Resort, Leisure & Entertainment (TRLEI), says government officials in the Philippines have wrongly picked sides in its "intra-corporate dispute." Last week, a...
