7893 stories by Devin O'Connor
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...
Steve Wynn, Massachusetts Gaming Commission to Settle Lawsuit
Steve Wynn and the Massachusetts Gaming Commission (MGC) are expected to soon settle a lawsuit the billionaire filed against the regulatory agency to block the release of materials stemming from its investigation into his alleged sexual misconduct. On Wednesday, the MGC voted...
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...
DOJ Deputy Attorney General Rod Rosenstein to Resign, Successor Tasked With Clarifying Wire Act
Rod Rosenstein, the Department of Justice (DOJ) deputy attorney general who agreed to review the 2011 Wire Act opinion, is set to resign next month following allegations that he offered to secretly record conversations with President Donald Trump. The Associated Press spoke...
Golden Nugget Owner Tilman Fertitta Invests in Caesars Entertainment Following Failed Merger Offer
Billionaire Tilman Fertitta has purchased roughly four million shares of Caesars Entertainment less than four months after his proposal to merge his Golden Nugget properties with the Las Vegas casino operator was rejected. A source close to Fertitta told Bloomberg the investment...
