7660 stories by Devin O'Connor
Two Las Vegas Men Indicted for Alleged Multimillion-Dollar Sports Betting Scheme
Two men in Las Vegas have been indicted on federal charges in Nevada for allegedly running a multimillion-dollar sports betting scheme and defrauding more than 600 investors. A federal grand jury returned a 14-count indictment against John Frank Thomas III, 75, and...
Biden Extends Betting Lead Throughout Election Day, Polls Soon Closing
Americans are casting their votes today in a presidential election, as they have every four years since 1788. And for the 2020 contest, former Vice President Joe Biden is the odds-on favorite to win. The 77-year-old Biden was the betting favorite last...
Massachusetts Casinos Forced to Close Overnight, Encore Boston Harbor Shutters Hotel
Beginning Friday, Nov. 6, Massachusetts' three commercial casinos will be required to close between the hours of 9:30 pm and 5:00 am. The order comes from Massachusetts Gov. Charlie Baker (R), responding to a 278 percent surge in new COVID-19 cases since...
Maryland Sports Betting on Election Day Ballot, FanDuel and DraftKings Bet on Referendum
Today, Maryland voters are deciding who should lead the United States for the next four years, but they're also voting whether they want to allow legal sports betting. Question 2, the Sports Betting Expansion Measure, asks Marylanders, "Do you approve of commercial...
Virginia Voters in Four Cities Deciding on Casino Referendums
Virginia voters in four cities are deciding on local referendums today that would authorize a commercial casino in their hometowns. Bristol, Danville, Norfolk, Portsmouth, and Richmond all qualified to hold a local ballot referendum asking constituents whether they want to use a...
Calm Before the Storm: Trump vs. Biden Odds Unchanged in Election Leadup
The 2020 betting odds on the presidential election have been relatively stable in the week leading up to the November 3 election. William Hill has former Vice President Joe Biden at 8/15, a price that implies a winning chance of 65.22 percent...
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...
