7589 stories by Devin O'Connor
Analyst Says MGM Resorts and Caesars Entertainment Merger Odds Long, Downplays Rumored Negotiations
Speculation has emerged that MGM Resorts and Caesars Entertainment are negotiating a deal that would merge Las Vegas' two largest gaming companies -- in terms of the number of properties -- into one massive casino empire. One firm isn't buying it. Nomura,...
Genting Malaysia Stock Plummets After Finance Minister Increases Casino Fees
Genting Malaysia is in crisis mode after the gaming company's home country announced a substantial tax increase on casino operations. Malaysian Finance Minister Lim Guan Eng shocked Genting shareholders late last week when he announced in his budget address that tariffs on...
Maryland Casinos Enjoy Record Win, Could Give Virginia Lawmakers More Reason to Legalize Gambling
Maryland casinos won $157.96 million last month to mark a new monthly all-time record haul in state gaming history. The bounty marked an 18.6 percent increase on October 2017 when the state's six casinos won $133.23 million. The new monthly record surpassed...
Election Day 2018: Where Votes Matter for Gaming Industry
Election Day 2018 is here, and the outcomes of several votes have the potential to greatly impact the future of the gaming industry in the United States. Nevada residents will elect their next governor today, with either state Attorney General Adam Laxalt...
Nevada Regulators to Consider Gambling Inside Las Vegas Raiders Stadium
The Nevada Gaming Control Board (NGCB) will decide whether to recommend that certain forms of gambling be permitted inside the forthcoming $1.8 billion Las Vegas Raiders stadium when it opens in 2020. When Senate Bill 1, the Southern Nevada Tourism Improvements Act,...
Virginia Casino Blueprint Unveiled, Developers Urge State Lawmakers to Authorize Project
Developers behind the Virginia casino planned for Bristol in the southwest part of the state have unveiled their resort concept, but warn that without approval from state lawmakers, the project that would create thousands of jobs won't move forward. Should the Virginia...
NFL Week 9 Bloody Sunday for Sportsbooks, Bettors Win $7M to $10M
Week 9 of the NFL season was a bad day for oddsmakers but a good one for bettors, as numerous casinos and operators reporting massive losses due to several popular teams covering their spreads. The Pittsburgh Steelers, Minnesota Vikings, and Kansas City...
MGM Resorts and Caesars Entertainment Continue Merger Talks, Alignment Would Create $50B Company
MGM Resorts and Caesars Entertainment are reportedly continuing their discussions on potentially merging the two casino giants. Talking with sources close to the negotiations, New York Post journalist Josh Kosman says there is no formal offer on the table. However, MGM has...
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 grade." Moody's defines B2 as "being speculative...
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 6, Floridians will be asked whether they...
