7592 stories by Devin O'Connor
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...
Philippines Casinos Win $3.6B in 2018, President Rodrigo Duterte Considers Renaming Country
Philippines casinos owned by both the state and commercial operators collectively won $3.6 billion last year, a 22.9 percent premium on their 2017 performance. Financial data supplied by the Philippines Amusement and Gaming Corporation (PAGCOR) shows that gross gaming revenue (GGR) totaled...
Bernie Sanders Announces 2020 Candidacy, Joins Crowded Democratic Field
US Sen. Bernie Sanders (I-Vermont) is once again seeking the Democratic nomination for president of the United States, as the congressman announced his candidacy this week with a campaign goal of "transforming our country." Online bettors at PredictIt don't have much faith...
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...
Las Vegas Odds Put New York Yankees, Houston Astros at 96.5 Regular Season Wins
The New York Yankees and Houston Astros are the preseason MLB favorites in Las Vegas. The Westgate SuperBook has both New York and Houston with an over/under of 96.5 wins. The Yanks won 100 games last year, while the 'Stros won 103....
