7588 stories by Devin O'Connor
MGM Resorts Announces $2B Stock Repurchase, Hints Potential Wynn Acquisition is No More
MGM Resorts says it plans to repurchase $2 billion worth of its own shares over an unspecified period of time, a motion that shows company executives are bullish on its future. The $2 billion repurchase follows a $1 billion stock buy announced...
Sheldon Adelson Donates $30M to Republican Super PAC, Odds Still Favor Dems Taking House
Casino owner and billionaire Sheldon Adelson is opening up his deep pockets to help the Republican Party retain control of the House of Representatives in November's midterm elections. Las Vegas Sands CEO Adelson, whose kingpin casinos are The Venetian and Palazzo on...
Morgan Stanley: Macau Gaming Poised for Continued Growth, Firm Raises Mass Market Forecast
Macau gaming should continue to see gross revenue growth "for the next few years." That's according to analysts at Morgan Stanley Asia, who opined this week that the enclave's casino industry is healthy. That isn't necessarily a surprise considering gross gaming revenue...
Las Vegas Union Representing 50,000 Resort Workers Threatens Strike, Walkout Would Cripple City
The largest Las Vegas union in gaming and hospitality is threatening resort and casino operators with a strike that could see as many as 50,000 workers walk off the job. The Culinary Union, a branch of the nationwide Unite Here labor organization,...
Pennsylvania Casino Could Save Historic Underground Railroad House
A Pennsylvania casino operator might come to the rescue of a historic house in York County that was part of the Underground Railroad in the 1800s. Penn National Gaming, which claimed the first satellite casino auction with a winning $50.1 million bid...
The Players Championship Odds: Spieth, McIlroy, Day Top List, Tiger, and Phil Lurk
The Players Championship tees off Thursday at TPC Sawgrass in Ponte Vedra Beach, Florida, where oddsmakers feel Jordan Spieth, Rory McIlroy, and Jason Day will battle for golf's so-called fifth major. The Westgate SuperBook has all three superstars at 14/1 to win...
Las Vegas Casinos Grapple With Marijuana Legalities and Employee Testing Issues
Nevada's new legal recreational marijuana laws have Las Vegas casinos inhaling confusion. And unlike Caesars Entertainment -- which recently announced it would no longer screen most of its job applicants for pot use -- most of the other major Strip operators are...
Ocean Resort Casino to Ride Hard Rock Wave, Announces Same June 28 Opening Date
Ocean Resort Casino is opening June 28, the same day as Hard Rock, in what's likely to become Atlantic City's unofficial start to the 2018 summer. Though summer technically begins a week earlier on June 21, the opening of Ocean Resort and...
New York State AG Eric Schneiderman, Who Fought Daily Fantasy Sports, Resigns Amid Sexual Misconduct Allegations
Eric Schneiderman, the New York State Attorney General who singlehandedly threatened to wipe out the entire daily fantasy sports (DFS) industry via $3 billion in fines, has resigned amid numerous allegations of sexual misconduct. In January 2016, Schneiderman brought a lawsuit against...
Steve Wynn No Longer Has Control Over Namesake Company, Massachusetts Gaming Commission Rules
According to the Massachusetts Gaming Commission (MGC), the relationship between Steve Wynn and his former casino company has been successfully dissolved. In a ruling issued this week, state regulators concluded that the billionaire's previous ownership and executive capacity at Wynn Resorts doesn't...
