7955 stories by Devin O'Connor
LVCVA Selling Former Riviera Land, Property Includes 10 Acres Located on Strip
The land where the Riviera stood on the Las Vegas Strip for decades will soon be sold for development by the city's Convention and Visitors Authority. The Las Vegas Convention and Visitors Authority (LVCVA) purchased the bankrupt casino in February of 2015...
Caesars Entertainment Surprises Investors With Q4 Profit, CEO Mark Frissora Tenure Extended
Caesars Entertainment surprised Wall Street this week by posting a Q4 2018 profit on higher than expected net revenues. Net revenues jumped 11 percent to $2.12 billion, which exceeded analyst expectations of $2.11 billion. Profits, however, smashed the general consensus among fiscal...
Jussie Smollett Scandal Prompts Online Sportbooks to Stage Odds on Actor’s Legal Outcome, Career Future
UPDATE: Fox says Smollett will not appear in the final two episodes of "Empire" Jussie Smollett was released from police custody on Thursday after posting bond and returned to the Empire set in Chicago. Internet sportsbooks such as MyBookie are taking wagers...
Kentucky Sports Betting Bill Passes House Committee, But Odds of Legislative Approval Remain Long
A Kentucky sports betting bill passed a state House committee this week with unanimous support, but for the legislation to one day become law, the statute will need backing from both sides of the political aisle. House Bill 175 – introduced by...
Duke Odds Lengthen Following Zion Williamson Injury, Return Questionable
Duke's odds of winning the national championship are lengthening in Las Vegas following the team's blowout loss to UNC and injury to Zion Williamson. The most anticipated college basketball game so far this year took an ugly turn less than a minute...
Melco Resorts Q4 Income Surges 58 Percent, CEO Lawrence Ho Optimistic on Macau Mass Market
Melco Resorts enjoyed a prosperous final quarter to 2018, as operating income ballooned by 58 percent. Net revenue for the final three months of the year totaled $1.396 billion, a 4.8 percent gain on the same period in 2017. The consensus expectation...
Virginia Casino Bills Race Against Saturday Deadline, Lawmakers Fight Over Next Step
The Virginia casino debate in the Richmond capital needs to be settled by Saturday, which is the scheduled adjournment for the General Assembly until its spring session. The odds don't seem to be in favor of proponents who are urging state lawmakers...
Crown Resorts Stock Plunges, Casino Operator Reports Weak VIP Play From China
Crown Resorts, the Australian casino empire controlled by billionaire James Packer, saw its stock plummet this week after reporting disappointing financials largely due to weak VIP play from China. Crown – which owns and operates three integrated casino resorts in Australia and...
Carl Icahn Discloses Caesars Entertainment Investment, Seeks ‘Significant Influence’ in Company’s Future
Billionaire Carl Icahn says in a Securities and Exchange Commission (SEC) filing that his 9.8 percent stake in Caesars Entertainment would be better served if the casino operator sold the company. Reports surfaced last week that the corporate raider was pressuring the...
Pennsylvania Casinos Begin 2019 Strong, Sports Betting Handle Doubles and Fuels Gaming Increase
Pennsylvania casinos kicked off the year in style, as the 12 land-based floors collectively won $254.2 million. And that doesn't include an additional $2.6 million from sports betting. Slot machines accounted for the vast majority of the gross gaming revenue (GGR). The...
