5083 stories by Todd Shriber
Washington State Faces Short Clock to Act on Sports Betting Bills
Lawmakers in Washington State have submitted a pair of sports betting bills since the start of the 2020 legislative session, but they face time constraints in terms of acting on the legislation. With 2020 being an election and a non-budget year in...
500.com Draws Shareholder Class Action Suits as Japan Bribery Scandal Plagues Stock
Shares of 500.com Ltd. (NYSE:WBAI) have faltered in the wake of a Japanese corruption scandal, making the Chinese online gaming company the target of several class action lawsuits. Japanese authorities believe 500.com, which provides online lottery contests, as well as web-based slots...
Eldorado Resorts Wins Louisiana Regulatory Approval for $17.3 Billion Caesars Takeover
Eldorado Resorts, Inc. (NASDAQ:ERI) said Thursday it won regulatory approval from the Louisiana Gaming Control Board (LGCB) to proceed with its $17.3 billion acquisition of Caesars Entertainment Corp. (NASDAQ:CZR). The Pelican State is at least the second to sign off on the...
MGM Testing Obscure Sports Betting Appetite With National Lacrosse League Partnership
MGM Resorts's BetMGM unit, that company's partnership with GVC Holdings, unveiled a deal with the National Lacrosse League (NLL), marking the first wagering compact for that sport in the US. Financial terms of the deal weren't disclosed. But as part of the...
Osaka Prohibits Even Brief Meetings Between Government Workers, Casino Companies Amid Akimoto Scandal Cloud
Lawmakers in Osaka are implementing a new policy barring meetings between city and prefecture workers and gaming company representatives in response to a recent graft scandal that has ensnared several Japanese politicians. The protocols stem from bribery allegations against Tsukasa Akimoto, who...
A Win Wynn: Pair of Bullish Views Has Gaming Stock Soaring in 2020
Wynn Resorts, Ltd. (NASDAQ:WYNN) is off to a stellar start in 2020, with gains of eight percent to start the new year, more than quadruple the returns posted by the S&P 500. The gaming stock's ascent has been fueled by a pair...
Congress Gets Back in the Game: Revives Gaming Caucus
Rep. Guy Reschenthaler (R-PA) and Rep. Bennie Thompson (D-MS) are reviving the Congressional Gaming Caucus, a bipartisan group of lawmakers. Some come from districts across the US that have exposure to the industry and some are from areas with little or no...
MGM Analysts Cheer Latest Asset Sales, Some Forecast Cash For Japan, More Real Estate Moves
On Tuesday, MGM Resorts International (NYSE:MGM) announced the sales of Mandalay Bay and MGM Grand for $4.6 billion, moves that are being cheered by analysts that see cash being freed up to reduce debt and pursue Japan aspirations. A partnership consisting of...
Vici Properties Close to Selling Iconic Caesars-Operated Harrah’s Reno, Will Become Non-Gaming Venue
UPDATE: Jan. 15, 2020: After the close of US markets Wednesday, Caesars Entertainment and Vici Properties confirmed the sale of Harrah's Reno to CAI Investments for $50 million. The deal is expected to close in the second half of this year. ___________________________________________________________________________________________________________________________...
DraftKings Will Help Daily Fantasy Players Fill Football Void With XFL Product
Super Bowl LIV is scheduled for Feb. 2, and in most years, the premier contest marks the end of competitive football until August, when the NFL's exhibition season and a small sampling of college games kick off. But 2020 will be different,...
