7956 stories by Devin O'Connor
Caesars Entertainment Stock Trading Halted After Company Says Las Vegas Demand Softening
Caesars Entertainment scared investors during its second quarter conference call after company executives said demand in Las Vegas was temporarily softening and that guidance expectations might need to be lowered. The comments sent Las Vegas casino stocks tumbling on Wednesday, and prompted...
MGM, Wynn Resorts Miss Q2 Earnings Projections, CEOs Defend Financials
MGM and Wynn Resorts CEOs are on the defensive this week following the releases of their second quarter results revealing both casino operators missed earnings forecasts. MGM boss Jim Murren told shareholders, "I don't like calls like this," while Wynn chief officer...
Massachusetts Legislature Accidentally Outlaws Horse Racing, Plainridge Park, Suffolk Downs Suspend Operations
The Massachusetts Legislature adjourned on Tuesday without taking care of one very important item of business: renewing laws that allow the state's two horse racetracks to operate. State lawmakers were scrambling early this week to pass bills to Governor Charlie Baker (R) before...
SJM Holdings Profit Surges 57 Percent, But Company Continues to Lose Macau Market Share
SJM Holdings, the casino empire of Hong Kong billionaire Stanley Ho, reported Tuesday that net profits for the company jumped nearly 57 percent over the first six months of 2018. Net gaming revenue totaled HKD16.84 billion ($2.15 billion) from January through June,...
MGM Resorts Scores Slam Dunk With NBA, Becomes League’s Official Gaming Partner
MGM Resorts International and the National Basketball Association (NBA) announced Tuesday that the two parties are teaming up to deliver fans and sports bettors integrated content and real-time data services. The agreement makes MGM the official gaming partner of the NBA and...
Nevada Casinos Revenue Hits $933M in June, Industry Posts Fifth Consecutive Monthly Gain
Nevada casinos posted gross gambling revenue (GGR) totaling $933 million last month, a 4.2 percent increase and the state's fifth consecutive monthly gain. Figures from the Nevada Gaming Control Board (NGCB) show that Reno played an important role in the June report....
The 13 Hotel Misses Another Opening, Macau Regulators Say Property Remains Unlicensed
The 13, a long-delayed Macau hotel and casino, remains unlicensed to commence operations. Regulatory officials say despite two inspections in as many months, the $1.6 billion resort isn't permitted to welcome guests. South Shore Holdings, the parent company to The 13 that...
MGM Resorts CEO Jim Murren Apologizes for Poorly Communicating Las Vegas Shooting Victims Lawsuit
MGM Resorts CEO Jim Murren is apologizing to employees for the way the company handled a blanket lawsuit filed against more than a thousand victims either killed or injured in the Las Vegas mass shooting. Earlier this month, MGM filed litigation in...
Details on McDonald’s Rigged Monopoly Game Exposed, Fraudster Made Promotion His Personal Bank
The McDonald's Monopoly game campaigns are considered some of the most successful marketing promotions in fast food history. But from 1989 to 2001, the game really only had one major winner: Jerome Jacobson, an ex-cop who had become the head of security...
Chainsmokers Bring Millennials to Final Atlantic City Beach Concert, Officials Hope to Continue Live Nation Partnership
The Chainsmokers brought thousands of people to the Atlantic City beach on Sunday afternoon, which marked the last of six concerts produced by Live Nation in what was a three-year, $6 million deal with the Casino Reinvestment Development Authority (CRDA). The 4:15...
