7587 stories by Devin O'Connor
Tribe Buying Sands Bethlehem in Pennsylvania Planning $190M Expansion
The tribe buying Sands Bethlehem in Pennsylvania for $1.3 billion says it will spend an additional $190 million to expand the Lehigh Valley casino resort. The Poarch Band of Creek Indians, based in Alabama, reached a deal with Las Vegas Sands for...
Cathy Judd-Stein to Oversee Massachusetts Gaming Commission, Lead Encore Boston Harbor Determination
The Massachusetts Gaming Commission (MGC) is no longer chairperson-less after Governor Charlie Baker (R) announced the appointment of attorney Cathy Judd-Stein to oversee the state agency. The MGC, a five-member panel, has been without a leader since Stephen Crosby's resignation in September...
Macau Casinos Issuing Substantial Bonuses to Employees Following Prosperous 2018
Several Macau casinos are rewarding their employees with large winter bonuses following a prosperous 2018 where gross gambling revenue (GGR) throughout the enclave totaled $37.5 billion. Wynn Macau, the Chinese subsidiary of the Nevada-based casino operator, became the third company this week...
Shuttered Lucky Dragon Las Vegas Has Interested Buyers
The $165 million Lucky Dragon in Las Vegas, the casino resort that opened in November 2016 only to close less than two years later in in October 2018, reportedly has several interested buyers. CDC Gaming Reports caught up with CBRE executive Michael...
Atlantic City Casinos Record Highest Win Since 2013, Statewide Gaming Revenue Totals $2.9B
Atlantic City casinos capped off December in style with gross gambling revenue (GGR) jumping nearly 20 percent. For the year, the nine casinos won more than $2.85 billion from their land-based, online, and sports betting operations. That's their best performance in five...
Casino Stocks Performing Far Worse Than Indexes, But Analysts Remain Bullish on Gaming Industry
Casino stocks have suffered losses much greater than that of many Wall Street general indexes over the past 12 months, but financial analysts remain bullish on numerous gaming companies. The Vaneck Vectors Gaming ETF (exchange-traded fund) is down 26 percent since this...
Maryland Casino Revenue Surges Eight Percent in 2018, MGM National Harbor Pays for Jackpot Error
Maryland casino gross gambling revenue (GGR) jumped 8.2 percent in 2018 to nearly $1.75 billion. That's the state's all-time best. Five of Maryland's six casinos won more money in 2018 than in the previous year. The lone exception was the Horseshoe Casino...
Billionaire Carl Icahn Returning to Gaming Industry With Caesars Entertainment Investment
Carl Icahn, the billionaire activist investor who sold Tropicana Entertainment last year and retains ownership of Trump Entertainment Resorts, is said to be building a substantial stake in Caesars Entertainment. CNBC said last week that while the size of Icahn's Caesars investment...
NFL Favorites Cover Spreads, New Orleans Saints Shortest Odds of Final Four
The NFL Playoffs Divisional Round went as oddsmakers planned: all four home team favorites won. On Saturday and Sunday, the Kansas City Chiefs, Los Angeles Rams, New England Patriots, and New Orleans Saints all took care of business at home. The Philadelphia...
NFL Odds Favor Home Teams in Playoffs Divisional Round, Saints Coach Motivates Players With Money
The NFL odds for this weekend's Divisional Round favor all four home teams. The Kansas City Chiefs, Los Angeles Rams, New England Patriots, and New Orleans Saints are all expected to top their opponents and advance to the Conference Championships. The largest...
