7584 stories by Devin O'Connor
Atlantic City Casinos Plead with Gov. Murphy for Conventions, Increased Indoor Dining
Atlantic City casinos are urgently asking New Jersey Governor Phil Murphy (D) to ease restrictions on indoor conventions and dining. The nine gaming properties say it's a critical step in their recovery and keeping people employed. Murphy's COVID-19 executive orders continue to...
Las Vegas to California High-Speed Train Derails Again, Bonds Fail to Sell
The Las Vegas to Southern California high-speed train project is once again being put on hold. That's after $3.2 billion of debts to be issued through bond sales failed to attract investors. Fortress Investment Group owns Brightline Holdings. Brightline is the developer...
Macau Recovery Continues, as Gross Gaming Revenue Improves in October
Macau's gaming industry continues to show signs of life in the wake of COVID-19. But the six licensed casino operators nonetheless still have a way to go before returning to pre-virus normalcy. Gross gaming revenue (GGR) totaled 7.27 billion patacas ($910 million...
Fitch Downgrades NJ Casino Reinvestment Development Authority Bonds
Fitch Ratings has downgraded approximately $215 million worth of bonds issued by the New Jersey Casino Reinvestment Development Authority (CRDA). The credit agency lowered its CRDA rating from BBB+ to BBB. BBB ratings indicate a low default risk, but "adverse business or...
Detroit Casinos Can Soon Welcome Back Self-Excluded Individuals, as State Amends Blacklist Protocols
The three Detroit casinos can soon welcome back individuals who had previously self-excluded themselves from accessing the commercial gaming floors. The Michigan Gaming Control Board (MGCB) said that after nearly 20 years, persons who voluntarily excluded themselves from MGM Grand Detroit, MotorCity,...
Former Caesars Controlling Stakeholder Leon Black Discusses Jeffrey Epstein Relationship
Billionaire Leon Black is opening up about his relationship with the late disgraced financier Jeffrey Epstein. Black controlled Caesars Entertainment more than a decade ago through his Apollo Global Management. Apollo acquired Caesars Entertainment along with TPG Capital in 2008 for a...
Nevada Gaming Control Board Chair Sandra Douglass Morgan Resigns
Nevada Gaming Control Board (NGCB) Chair Sandra Douglass Morgan is resigning. Morgan was the first black woman to preside over the state agency. Morgan announced her resignation on Thursday, saying she has "an exciting professional opportunity" that she could not pass. It...
PredictIt Presidential Betting Market Hits Record 115M Trades, Biden Extends Lead
Online betting exchange PredictIt says more than 115 million shares have been traded on the 2020 presidential election outcome, an all-time record for the site. The news follows Betfair, a political betting exchange based in London, reporting that over $260 million has...
Italian Police Arrest 12 People Allegedly Involved in Lottery Fraud, Claim $28M Stolen
Police in Italy allege that four employees of Lottomatica Holding devised a scheme to enrich themselves and their families by rigging the lottery in their favor. Lottomatica Holding is a subsidiary of International Game Technology (IGT). The Guardia di Finanza, Italy's law...
Japan Prime Minister Suga Reaffirms Commitment to Integrated Resort Casinos
Japan Prime Minister Yoshihide Suga says despite setbacks caused by the COVID-19 pandemic, the country will continue pursuing integrated resort (IR) casinos. Suga has long been a loyal Abe confidant. He plans to remain steadfast in pushing his former leader's economic positions....
