7781 stories by Devin O'Connor
Crown Resorts VIP Casino Revenue Plunges, CEO Lashes Out at Sensational Media
Crown Resorts reported statutory net profit of AUD401.8 million ($272.8 million) over the last 12 months through June, a decline of 28 percent. The Australian casino operator that has integrated resorts in Melbourne, Perth, and Sydney – as well as high-end casino...
Rhode Island Governor Gina Raimondo Investigated Over $1B IGT Deal
Rhode Island Governor Gina Raimondo (D) is the subject of a state Ethics Commission investigation for proposing a $1 billion, 20-year gaming extension for IGT, a company that has donated to her election campaigns since 2014. Raimondo's proposal calls for IGT –...
Resorts World Catskills Sold, Malaysian Billionaire and Genting Take Troubled New York Casino Private
The nearly bankrupt Resorts World Catskills has been sold to majority owner Lim Kok Thay's family trust, as well as his conglomerate Genting Malaysia Berhad. KT Lim, a billionaire worth an estimated $3.6 billion by Forbes, is rescuing the fiscally troubled upstate...
Fertitta Brothers Buy Nearly $42M Worth of Red Rock Resorts Shares, Billionaires Committed to Palms
The Fertitta brothers, Lorenzo and Frank III, are upping their positions in Red Rock Resorts (RRS) following a turbulent 12-month period that has pushed the stock down considerably. Filings with the US Securities and Exchange Commission (SEC) reveal that the two billionaires...
Philippines Offshore Gaming Operator Applications Suspended, as Country Adheres China Demand
Philippines offshore gaming operator (POGO) license applications have been suspended, effective immediately, as the country adheres to China's warnings to overhaul its regulations regarding the internet businesses that target foreign players. Andrea Domingo, the chair of the Philippine Gaming and Amusement Corporation...
$300M Massachusetts Casino Proposal Submitted for Final Category 1 License in Southeastern Part of State
Another Massachusetts casino bid has emerged for the third and final Category 1 gaming license that is earmarked for the southeastern part of the state. The project comes from real estate and golf course developer Thomas O'Connell and his Notos Group, LLC....
AGS Acquires In Bet Table Games Manufacturer, Company Hopes to Reverse Dismal Stock Performance
AGS, a Las Vegas-based gaming equipment provider, has acquired the remaining assets of In Bet, a smaller table games manufacturer headquartered in New Jersey, for an undisclosed sum. AGS teamed up with In Bet in 2017 to bring most of the latter's...
10 Things You’re More Likely to Walk Away with in Las Vegas than Gambling Wins
Given Las Vegas' ever-increasing resort fees and parking rates, it might seem like the only way you can afford a stay in Sin City anymore is to hit it big on the casino floor. Of course, the odds aren't in your favor...
Justin Thomas FedEx Cup Favorite Following BMW Win-Tour Championship Presents Uneven Playing Field
Justin Thomas is the favorite heading into the Professional Golfers Assn. (PGA) Tour Championship at East Lake after winning the BMW Championship to take the lead into the final event of the FedEx Cup Playoffs. A $15 million first-place check is on...
Casino Stocks Surge on Positive Macau News, Analysts Bullish on Industry
Casino stocks are increasing in value this week following the news out of Macau that the nearby protests in Hong Kong will have little impact on operations in the world's richest gaming hub. On Monday, US-based casino stocks that operate in the...
