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Devin O'Connor
8589 stories by Devin O'Connor
Atlantic City Credit Rating Upgraded, But Remains Below Investment Grade
Atlantic City's long-term issuer credit rating is being upgraded by Moody's Investors Services from Caa3 to B2. While that's good news for the region, the new classification is a mark that still ranks below "investment...
Seminole Tribe Gives $1M More to Committee Urging Floridians to Approve Casino Ballot Question Next Week
The Seminole Tribe in Florida has given another $1 million to Voters in Charge, a committee that's hoping voters will back a casino ballot referendum question next week during the midterm elections. Come Tuesday, November...
Philippine Casinos Would Benefit From Better Airport Infrastructure
Casinos in the Philippines would benefit with more resilient VIP high roller play if the country invested in improving its airport facilities, a research note opines this week. Japanese financial services firm Nomura Holdings says...
Caesars Entertainment Posts Q3 Profit, Investors Bullish on Company Future
Caesars Entertainment reported Thursday that revenues totaled $2.19 billion in the third quarter, and net income was $110 million, or 14 cents per share. A year ago, the 3Q saw investors lose $2.90 a share...
Churchill Downs Expands Casino Holdings, Will Pay Up to $500M for Rivers Casino Near Chicago
Churchill Downs Incorporated (CDI) will pay up to $500 million to acquire a majority stake in the Rivers Casino in the Chicago suburb of Des Plaines. Illinois' most lucrative riverboat, Rivers is currently owned by...
Caesars Entertainment Scores Partnership Deal With Las Vegas Raiders Stadium
Caesars Entertainment has reached the first partnership with the under-construction $1.8 billion Las Vegas football stadium that will become the home of the NFL Raiders for the start of the 2020 season. In a press...
Macau Gaming Revenue Hits Four-Year High, Win Totals $3.38B
Macau casinos won 27.3 billion patacas ($3.38 billion) in October, a 2.6 percent year-over-year gain. It's the highest monthly gross gaming revenue (GGR) haul in four years. Last month was the industry's highest GGR mark...
Oracle Billionaire Larry Ellison Intends to Reopen Cal Neva as Five-Star Casino Resort
If you thought billionaire Larry Ellison was going to scrimp on the next chapter of the historic Cal Neva casino resort, think again. The Oracle founder has told the Lake Tahoe Regional Planning Agency that...
Atlantic City Employment Drops as Colder Temperatures Arrive
Atlantic City employment numbers continue to drop at the town's nine casino resorts. That's expected, as temperatures cool off and fewer visitors make their way to the Jersey Shore. According to September figures released by...
MGM Resorts Delivers Las Vegas Some Good News, Beats 3Q Expectations
MGM Resorts topped its own and analyst expectations in the third quarter, and the financial filing is delivering some much-needed good news to the Las Vegas gaming industry. In the quarterly report released yesterday, MGM...
