7777 stories by Devin O'Connor
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 on a net loss of $433 million....
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 the Clairvest Group Inc, a subsidiary of...
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 release, Raiders President Marc Badain says it's...
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 since October 2014 when the region won...
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 the idea is to bring the Lake...
Online Bettors Predict Democrats Flip House, Republicans Retain Senate During Midterms
The Democrats will take control of the US House of Representatives in early 2019 after their winners from next Tuesday's midterm elections are sworn into office. That's according to online bettors at PredictIt, who are putting their money where their beliefs are....
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 the New Jersey Division of Gaming Enforcement...
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 said revenue increased seven percent to $3.03...
Tiger Woods vs. Phil Mickelson PPV Price Set at $19.99, Odds Favor 14-Time Major Champ
Tiger Woods and Phil Mickelson will go head-to-head next month at MGM Resorts' Shadow Creek Golf Course in Las Vegas in a winner-take-all $9 million match, and viewers can watch for just $19.99. Turner Broadcasting announced this week that the pay-per-view event...
Philippines PAGCOR Casino Gaming Win Approaching $1B in 2018
PAGCOR, the Philippines Amusement and Gaming Corporation, is reporting strong earnings from its land-based casino venues, with total win through nine months in 2018 nearly $1 billion. The federal gaming regulator and operator reports in its third quarter financial filing that its...
