4980 stories by Todd Shriber
California Card Rooms Notch Legal Victory as Ninth Circuit Court Rejects Tribes Injunction Bid
On Thursday, the US Court for the Ninth Circuit ruled that California tribal gaming companies cannot force their card room rivals to cease offering table games, such as blackjack. In an unpublished opinion, District Judge John Menendez balked at the efforts of...
Japan Won’t Tax Casino Winnings of Foreign Gamblers, Says Amari
When integrated resorts eventually open in Japan, the country won't tax winnings accrued by foreign gamblers, says Akira Amari, head of the Liberal Democratic Party's (LDP) Research Commission on the Tax System. Amari made the comments during a recent press briefing, noting...
Everi Exudes Share Price Excellence on WinStar CashClub Deal, Analyst Lifts Target
Shares of Everi Holdings (NYSE:EVRI) are soaring Thursday. That's after the company said it will provide its CashClub Wallet cashless gaming solution to WinStar World Casino and Resort in Oklahoma, one of the world's largest gaming properties. News of the accord with...
Flutter Increases FanDuel Stake to 95 Percent in $4.17 Billion Transaction
Flutter Entertainment Plc (OTC:PDYPY) is shelling out $4.175 billion to acquire 37.2 percent of FanDuel controlled by Fastball Holdings LLC. The transaction will increase the Irish gaming company's stake in the sportsbook operator to 95 percent from 57.8 percent. Flutter is the...
Save the Date: Landcadia Investors Vote on Golden Nugget Online Deal Dec. 18
It's been a long road. But investors in Landcadia Holdings II, Inc. (NASDAQ:LCA), a special purpose acquisition company (SPAC) co-owned by Tilman Fertitta and investment bank Jefferies, will finally get a chance to vote on a proposed merger with Fertitta's Golden Nugget...
MGM Hauls In $700 Million Following Second Redemption of MGP Units
MGM Resorts International (NYSE:MGM) raised $700 million in the second sale of units in gaming real estate investment trust (REIT) MGM Growth Properties (NYSE:MGP). The Mandalay Bay operator made the announcement after the close of US markets Wednesday, noting it plans to...
Monarch Casino Bets on Black Hawk After Colorado Scraps Table Bet Limits
Monarch Casino & Resort (NASDAQ:MCRI) believes a recent vote in Colorado to eliminate table game wager limits is beneficial to the operator's long-term prospects in the state. On Election Day, Centennial State voters approved Amendment 77, which set the stage for the...
Los Angeles Card Room Closures Putting Communities on Financial Brink
Following another wave of coronavirus cases in Los Angeles, local card rooms shuttered a second time last week, bringing more financial strain to the towns in which those venues operate. On Tuesday, Los Angeles County reported 7,593 new coronavirus cases. This easily...
FanDuel, Private Equity Backers Want Scottish Law Used in Suit, But Judge Unsure
FanDuel and private equity shops KKR and Shamrock Capital are asking New York Supreme Court Justice Andrea Masley to apply Scottish law in a suit brought by founders Nigel and Lesley Eccles and Thomas Griffiths. But the judge is indicating the defendants...
Caesars Says Bye-Bye to Belle of Baton Rouge, Property Reeg Once Wouldn’t Stay At
Caesars Entertainment (NASDAQ:CZR) continues divesting assets, with the company saying today it's selling the Belle of Baton Rouge riverboat casino to CQ Holding Company, also known by the Casino Queen brand. Financial terms of the deal weren't disclosed. Caesars owns the operating...
