7592 stories by Devin O'Connor
Arkansas Religious Leaders Pray State Officials Will Slow Casino Regulatory Process
Arkansas religious leaders and critics to the state's recent authorization of gaming expansion are requesting that the Racing Commission be deliberate in arriving at their regulatory conditions that will govern the four casinos. Faith-based Family Council President Jerry Cox, Rev. Stephen Copley,...
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 the Tokyo Stock Exchange, Universal said net...
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 most valuable publicly traded company – abruptly...
Mega Millions $1.5B Winning Lottery Ticket Remains Unclaimed, Clock Ticking
The whereabouts of a Mega Millions ticket worth $1.537 billion ($878 million cash) remains unknown, and the clock is ticking for it to be cashed in before the small piece of paper becomes worthless. The Mega Millions ticket was sold last October...
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the US Department of Justice that a lawsuit is coming unless the agency's latest opinion on the federal Wire Act is rescinded.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 dated February 13 to DOJ Deputy Attorney...
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 to the corporate raider who are familiar...
Michael Bloomberg Prepared to Outspend Sheldon Adelson to Block President Trump Re-Election
Billionaire Michael Bloomberg is preparing to spend $500 million to make sure President Donald Trump doesn't win re-election. That won't sit well with Las Vegas Sands CEO Sheldon Adelson, who was the top political donor on either side of the aisle during...
New Jersey Gaming Revenue Soars 25 Percent in January, But Atlantic City Casinos Struggle
New Jersey gaming revenue jumped nearly 25 percent in January. Atlantic City operations, online casinos, and sports betting collectively won more than $229.6 million. Land-based gross gaming revenue (GGR) in Atlantic City totaled $177.2 million, a 9.2 percent increase compared to the...
Alabama Church Damaged by Tornado Rejects $25K Casino Donation
An Alabama church has said "no thank you" to a local casino that gave the religious organization $25,000 following damage it sustained in a January tornado. On January 19, the First Baptist Church of Wetumpka was hit by an "EF-2 tornado" –...
MGM Resorts CEO Jim Murren Blasts DOJ Wire Act Opinion, Company Reports Strong 2018 Revenues
MGM Resorts CEO Jim Murren told investors and analysts during the company's Q4 and full-year 2018 earnings call that the Department of Justice's (DOJ) reversal of opinion on the Wire Act is "perplexing." Union Gaming analyst John DeCree asked the chief executive...
