7955 stories by Devin O'Connor
Philadelphia Casino Developers Unveil Specifics to State Gaming Regulators
Developers of the Philadelphia casino being built in the city's stadium district provided state gaming regulators with an update on the project this week, and executives revealed they are expanding the investment. Stadium Casino LLC, a subsidiary of Baltimore-based Cordish Companies –...
Macau Police Say Gambler Beaten to Death by Loan Sharks Over $6300 Debt
Macau police allege a Chinese man found dead inside a guesthouse on the enclave's main peninsula was the victim of a brutal beating at the hands of three loan sharks. Judiciary Police believe a man who held an HKD50,000 ($6,373) gambling debt...
Macau Gaming Industry Feeling Pressure From Casino Markets Throughout Asia
The Macau gaming industry – the richest casino hub on the planet – could be feeling the pinch of expanded and new gambling markets in Asian countries. Gross gaming revenue (GGR) in the Chinese enclave totaled $2.92 billion last month. That represented...
Ocean Casino Resort in Atlantic City Reverses Fortunes, Owners Forecast Profit
Atlantic City's Ocean Casino Resort – formerly known as Revel, TEN, and most recently Ocean Resort Casino – has been a financial nightmare since it reopened in June 2018. But new owners say the Boardwalk property is finally about to turn a...
Billionaire Phil Ruffin Interested in Buying Caesars Entertainment Las Vegas Strip Properties
Treasure Island owner Phil Ruffin has confirmed he's exploring a potential takeover of Las Vegas casino resorts currently owned by Caesars Entertainment. The 84-year-old billionaire – estimated by Forbes to be worth $2.8 billion – told the Las Vegas Review-Journal recently that...
Penn National Gaming Weathers Regional Storms, Posts Record Operating Income
Regional casino operator Penn National Gaming enjoyed its best first quarter in company history, as operating income totaled $182.4 million – an increase of $10.3 million compared to the same period in 2018. The oldest casino company in Pennsylvania said despite several...
Final Four in Las Vegas? Odds Shorten After NCAA Rescinds Ban on Championships in Sports Betting States
Las Vegas wants to bring major sporting events to town such as the Super Bowl and NCAA men's basketball tournament, and the odds of a major collegiate championship being hosted in Sin City just greatly improved. The NCAA announced Friday that its...
‘Jeopardy!’ James Holzhauer Receives Key to Las Vegas Strip, Winning Streak at 21 Games
Jeopardy! superstar James Holzhauer describes himself as a professional sports bettor in Las Vegas. But after the last month, he'll presumably forever be known as the man who dominated his opponents and seemingly cracked the code to the syndicated television trivia show....
Philippines Casino Regulator Delivers Federal Government $170M in First Quarter Taxes
PAGCOR, the Philippines casino regulator that also operates its own gaming venues, sent $170 million in taxes to the federal government for the first quarter of 2019. The Philippine Amusement and Gaming Corporation reported income from gaming operations totaled PHP18.27 billion ($353.5...
Caesars Entertainment Reducing Customer Comps to Offset Wage Hikes
Caesars Entertainment plans to improve its player rewards program – in the company's favor – in order to cover increased employee wages. Executives relayed during the company's first quarter conference call with investors that it will offset higher labor costs by trimming...
