Main menu
Devin O'Connor
8590 stories by Devin O'Connor
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...
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...
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...
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...
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...
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...
Universal Entertainment Profits Surge to $1.5B Due to Wynn Resorts Settlement
Japanese gaming company Universal Entertainment said net revenues totaled just shy of $1.5 billion last year, with the strong fiscal report largely coming as a result of reaching a settlement with Wynn Resorts. Traded on...
Amazon HQ2: Atlantic County Officials Reignite Campaign to Win Headquarters
Amazon HQ2 was set to build in Long Island City, New York, and bring with it 25,000 jobs on an average annual salary of $150,000. But the online retailer and tech giant – the world's...
New Jersey Threatens Lawsuit Against Department of Justice Over 2019 Wire Act Opinion
New Jersey State Senate President Stephen Sweeney (D) is warning the US Department of Justice that a lawsuit is coming unless the agency's latest opinion on the federal Wire Act is rescinded. In a letter...
Billionaire Carl Icahn Pressuring Caesars Entertainment to Sell Company
Billionaire Carl Icahn is pushing Caesars Entertainment to consider selling its casino empire to a rival in an effort to improve management and increase value for shareholders. The Wall Street Journal spoke with people close...
