5139 stories by Todd Shriber
Massachusetts State Senator Lesser Says Sports Betting Might Not Happen There in 2020
Gov. Charlie Baker (R-Mass) said he believed his state could have sports betting operational by mid-2020. But some politicians there now believe that might not happen. State. Sen. Eric Lesser (D-Longmeadow), who chairs the Legislature’s Joint Committee on Economic Development and Emerging...
Everi Bolsters Payments Platform With $25 Million Acquisition of Micro Gaming Technologies
Everi Holdings Inc. (NYSE:EVRI), a provider of gaming machines and payment systems to casinos, today added to its roster of loyalty and financial technology (fintech) offerings with a $25 million purchase of privately held Micro Gaming Technologies Inc. (MGT). Las Vegas-based MGT...
Macau VIP Revenue Likely to Dip Again in 2020, Mass Market Seen Steady, According to Analysts
Gaming industry analysts are betting that VIP turnover as a percentage of Macau's overall gross gaming revenue (GGR) will drop next year. That marks the third consecutive year of declines, while adding that the mass market profile on the peninsula should remain...
Isle of Capri Missouri Workers Close to Settling Wage Dispute With Eldorado Resorts
Some hourly workers at the Eldorado Resorts Isle of Casino-Hotel in Boonville, Mo. are close to settling lawsuits alleging their employer violated time clock protocols. Earlier this year, counsel for Carolyn Nicholson, a former dealer at the gaming property, filed a lawsuit...
Tahoe Three Step: Eldorado Likely to Sell Venue by the Lake After Completing Caesars Deal
Eldorado Resorts, Inc. (NASDAQ:ERI) is likely to part with one of its Lake Tahoe, Nevada gaming properties after it wraps up its $17.3 billion acquisition of Caesars Entertainment Corp. (NASDAQ:CZR), which is expected to happen in the first quarter. When that deal...
Macau Casinos Can Avoid 2020 Letdowns if Chinese GDP Growth Holds Above Six Percent
Macau's six concessionaires are ready for the calendar to turn to 2020, as this year has been a rough one on the peninsula due in part to fears that the Chinese economy is slowing. Analysts believe that if China's growth steadies next...
Twin River Worldwide Hedge Fund Investors Stick by Stock Despite Turbulent Third Quarter
Amid increased regional competition courtesy of Wynn Resorts Ltd.'s (NASDAQ:WYNN) Encore Boston Harbor, shares of Twin River Worldwide Holdings, Inc. (NYSE:TRWH) shed 21.63 percent in the third quarter. But that didn't prompt departures by hedge funds that are long the stock. Twin...
Defense Spending Bill Provides Gift for Petaluma, California, Bans New Casinos in Sonoma County
The $738 billion spending package passed by Congress and signed by President Donald Trump contains some important provisions for the Lytton Band of Pomo Indians, based in Petaluma, Calif. and Sonoma County. Attached to that legislation was a bill sponsored by Rep....
Osaka Commences Integrated Resort Operator Selection Process Ahead of Rival Japanese Cities
Prefectural and local governments in Osaka earlier this week kicked off the process of selecting an operator for an integrated resort there. That puts it ahead of competing Japanese regions in the quest to become home to one of the country's first...
Akimoto, Supporter of Japanese Casinos, Busted by Tokyo Public Prosecutor on Bribery Charges
Less than a week after he was questioned by authorities over his ties to a Chinese gaming company, Tsukasa Akimoto, a member of Japan's House of Representatives, was arrested today by the Tokyo Public Prosecutor's office on suspicion of accepting illicit payoffs....
