5402 stories by Todd Shriber
Leisure Acquisition Drops Gateway Casinos Deal, Rare Example of SPAC Taking Pass in Gaming Space
Leisure Acquisition Corp. (NASDQ:LACQ), a special purpose acquisition company (SPAC), is scuttling a $1.15 billion deal to merge with Gateway Casinos & Entertainment, a pact that would have taken the Canadian gaming firm public. New York-based Leisure Acquisition announced the end of...
Macau Scrapping Mainland Quarantine Policy Credit Catalyst for Operators, Says Moody’s
On Wednesday, travel between Guangdong province and Macau got a little easier with the removal of 14-day coronavirus quarantine policies. It's a move that could firm the credit ratings of the gaming hub's concessionaires, according to Moody's Investors Service. Earlier this week,...
DraftKings Inks Deal With Premier Lacrosse League Ahead of Summer Tournament
DraftKings will be the official betting partner of the Premier Lacrosse League (PLL) and the association's lone regulated gaming sponsor, announcing the deal just days before PLL's summer tournament starts. DraftKings revealed the agreement Thursday and financial terms weren't disclosed. The 16-day,...
Louisiana Governor Says Eight Is Great for Daily Fantasy Sports Tax Rate
Louisiana Gov. John Bel Edwards (D) earlier this week signed off on a tax rate of eight percent on daily fantasy sports (DFS) contests, paving the way for DFS legitimacy in the Pelican State. House Bill 64, which sets the DFS levy...
Caesars Regional Casinos Shine in Reopening, Las Vegas Properties Not So Much
Caesars Entertainment (NASDAQ:CZR) says its regional properties continue performing well following recent reopenings, but its gaming venues in destination markets, such as Las Vegas, are struggling. The same sentiment is being articulated by Eldorado Resorts (NASDAQ:ERI), the company that's closing in on...
Mohegan Banks on Betfred for Virgin Hotels Las Vegas Sportsbook
British bookmaker Betfred will run the sportsbook inside Mohegan Sun Casino at Virgin Hotels Las Vegas when that venue opens in the fall. Mohegan Gaming & Entertainment (MGE -- the casino arm of the Connecticut Native American tribe of the same name...
Scientific Games Wants Shot at Rhode Island Lottery Scratcher Contract, IGT Balks
Scientific Games is asking Rhode Island lawmakers to open the bidding for a lucrative instant lottery ticket contract, one the gaming company says was awarded to rival International Game Technology (IGT) without a competitive bidding process. Las Vegas-based Scientific Games is a...
Colorado Posts ‘Encouraging’ $25.6 Million Handle in First Month of Legal Sports Betting
May 2020 was Colorado's first month in the legal sports wagering arena. All things considered, the state's $25.62 million handle is solid. When betting experts and historians look back on 2020, May will not go down as the optimal time for any...
Melco, Wynn Lead Macau Stock Rally as US-Focused Operators Wilt Against COVID-19 Backdrop
Melco Resorts & Entertainment (NASDAQ:MLCO) and Wynn Resorts (NASDAQ:WYNN) led a rally in gaming equities Monday that was largely confined to companies with Macau exposure. That rally came after it was revealed Guangdong province will lift its quarantine policy with the gaming...
Macau Concessionaires Get Good News with End of Guangdong Quarantine Policy
In what could be the start of a rebound for Macau gaming operators, Guangdong province is lifting its 14-day quarantine policy on all visitors returning from the gaming center. That change goes into effect early Wednesday, July 15. Guangdong is the nearest...
