7746 stories by Devin O'Connor
Casino Stocks Score Big on Lifting of Federal Sports Betting Ban
Casino stocks and companies associated with gaming saw their shares increase on Monday after the Supreme Court of the United States (SCOTUS) ruled against the longstanding federal sports betting ban. With lawmakers in each state now empowered with the ability to dictate...
Atlantic City Casinos Warm Up in April, Gross Revenue Climbs 1.3 Percent
Atlantic City casinos posted a negligible 0.3 percent gross gaming revenue (GGR) increase for April on their brick-and-mortar operators. However, when income from online operations are factored in, the industry saw its total win climb 1.3 percent. The seven remaining casinos posted...
Sen. Orrin Hatch, PASPA Coauthor, to Introduce Sports Betting Legislation in Wake of Supreme Court Decision
Senator Orrin Hatch (R-Utah) said just hours after the Supreme Court lifted the longstanding federal sports betting ban that he helped write that he would be going back to the drawing board in order to introduce Congress to new anti-wagering legislation. Hatch...
Houston Rockets NBA Playoffs Run Costs Golden Nugget Sportsbook Due to Tilman Fertitta Ownership
The Houston Rockets tip off the Western Conference Finals tonight against the visiting Golden State Warriors, but for the Golden Nugget Las Vegas, the series is already in the books. Following billionaire Tilman Fertitta's acquisition of the NBA franchise for a record...
Steve Witkoff, Las Vegas The Drew Casino Owner, Testifies Against Former New York State Assembly Speaker Sheldon Silver
The Drew Las Vegas casino owner Steve Witkoff recently testified against former New York State Assembly Speaker Sheldon Silver in a trial that ultimately led to the ex-lawmaker being found guilty of using his office for his own financial gain. Silver faces...
GAME CHANGER: US Supreme Court Lifts Federal Sports Betting Ban 6-3, States Free to Determine Own Sports Wagering Paths
In a dramatic 6-3 decision, the Supreme Court of the United States (SCOTUS) decided Monday, May 14 that Congress has no constitutional authority to prevent individual states from authorizing sports betting. The SCOTUS finally handed down its opinion this morning on New Jersey's...
Hard Rock Atlantic City Rolls Out Star-Studded Opening Weekend Lineup, But with Soft Rock Leanings
Don't go to the Hard Rock Atlantic City June 28 grand opening weekend celebration expecting to see any serious old-school rock 'n rollers. The new casino is bringing in music superstars Carrie Underwood and Pitbull for the boardwalk resort's kickoff, and, while...
Western Conference Finals Likely to Determine NBA Champ, Oddsmakers Say
The conference finals tip off Sunday and Monday, and oddsmakers in Las Vegas feel the winner that prevails out of the West will ultimately win the NBA Finals. The NBA Playoffs are down to its final four, with the Golden State Warriors...
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...
