5361 stories by Todd Shriber
Moody’s Considering Downgrading Eldorado Resorts Credit Rating in Wake of $17.3 Billion Caesars Entertainment Deal
Eldorado Resorts, Inc.’s (NASDAQ:ERI) $17.3 billion offer to acquire Caesars Entertainment Corp. (NASDAQ:CZR) could result in the regional gaming company's credit ratings being lowered. In a note out Wednesday, Moody's Investors Service said it is placing Eldorado's ratings on review for possible...
At Brazilian Gaming Congress, Industry Executives Ready to Bring Integrated Resorts to Latin America’s Largest Economy
Executives from some well-known US gaming companies are considering Brazil, a country where gambling is currently illegal, as a potential destination for integrated resorts. Speaking on a panel at the BgC (Brazilian Gaming Congress) 2019 conference in São Paulo, Caesars Entertainment Inc.'s...
MGM Resorts Can Weather Competitive Storms as Rival Caesars Entertainment Prepares to Join Eldorado
News of Eldorado Resorts, Inc.’s (NASDAQ:ERI) $17.3 billion acquisition offer for Caesars Entertainment Corp. (NASDAQ:CZR) is reverberating throughout the casino gaming industry, but one analyst sees negligible impact of that deal on MGM Resorts International (NYSE:MGM). MGM, the largest operator on the...
As Part of Deal to Acquire Caesars Entertainment, Eldorado Resorts May Close Bally’s Atlantic City
The once iconic Bally's in Atlantic City, New Jersey could become a casualty of Eldorado Resorts, Inc.'s (NASDAQ:ERI) $17.3 billion effort to merge with Caesars Entertainment Corp. (NASDAQ:CZR). A combined Eldorado/Caesars will have four properties in Atlantic City: Eldorado's Tropicana and Caesars'...
Busted Iowa Card Dealer Reportedly Used Bad Shuffles to Help Gamblers Win, Score Big Tips
A former dealer at the Isle Casino Hotel in Waterloo, Iowa was recently arrested for allegedly cheating his employer. In an effort to help gamblers at his tables win so he could score bigger tips, Jordan Michael Makinster, 27, of Gilbertville, Iowa...
Following News of Caesars Entertainment Deal, Eldorado Resorts Earns Analyst Upgrade
Sparked by news of the effort to acquire Caesars Entertainment Corp. (NASDAQ:CZR), shares of Eldorado Resorts, Inc. (NASDAQ:ERI) earned an upgrade from Wolfe Research. In a note out Monday, the day the deal for Caesars was announced, Wolfe Research analyst Jared Shojaian...
Police Nab Two Bronx Roulette Cheats at Encore Boston Harbor’s Opening Night
Two New York men were arrested on charges of cheating and conspiracy at the opening of Wynn Resorts' much anticipated Encore Boston Harbor on Sunday, June 23. The men, 27-year-old Jankelli S. Volquez and 66-year-old Hector Hernandez, both of the Bronx in...
VICI Scores Coup in Eldorado/Caesars Deal; Wins 3 Harrah’s Properties For $3.2 Billion
VICI Properties Inc. (NYSE:VICI) is acquiring three Harrah's properties for $3.2 billion from Eldorado Resorts, Inc. (NASDAQ:ERI) as part of the regional gaming company's $17.3 billion deal to merge with Caesars Entertainment Corp. (NASDAQ:CZR). New York-based VICI, the real estate investment trust...
After Months of Chatter, Eldorado, Caesars Entertainment Expected to Head to Altar in $18 Billion Deal
Following a lengthy courtship and months of speculation, regional gaming company Eldorado Resorts, Inc. (NASDAQ:ERI) and Caesars Entertainment Corp. (NASDAQ:CZR) are expected to announce an $18 billion marriage that will create one of the largest US casino operators. Citing unidentified sources close...
Former MGM Detroit Staffer Sues Casino Operator, Alleging Wrongful Termination, Sexual Discrimination
A former assistant shift manager at the MGM Grand Detroit is suing that property and its parent company, MGM Resorts International, alleging he was wrongfully fired and that he was the victim of sexual discrimination. Paul Ross, 49, of Washentaw County, Michigan,...
