5139 stories by Todd Shriber
Brandes Files Sports Betting Legislation in Florida, Could be Considered by Lawmakers in 2020
State Sen. Jeff Brandes (R-FL) filed a sports betting bill today, potentially paving the way for the third-largest US state to consider permitting the activity as a means of increasing education revenue. Brandes, who represents part of Pinellas County along the Gulf...
Blackstone Real Estate Fund Completes $4.25 Billion Bellagio Buy From MGM Resorts Just A Month After it Was Announced
The Blackstone Group (NYSE:BX), one of the world's largest private equity firms, completed its $4.25 billion purchase of the Bellagio on the Las Vegas Strip from MGM Resorts International (NYSE:MGM) barely more than a month after the transaction was announced. The deal,...
It’s On In Osaka: City Will Engage Integrated Resort Operators Next Month
Hirofumi Yoshimura, the governor of Osaka Prefecture, recently stated that the region and city will formally engage prospective integrated resort (IR) operators in December. The goal is announcing a winning bidder as soon as next spring. Osaka is one of several Japanese...
Tipsy Gamblers More Likely to Throw Good Money After Bad, Says University of British Columbia Study
It's not surprising that gambling while intoxicated isn't the wisest use of money. But new evidence suggests that liquid courage emboldens players to chase losses. Researchers at the Centre For Gambling Research at the University of British Colombia (UBC) conducted a study...
Rutgers Study Paints Ominous Picture For Atlantic City Due to Market Saturation, Increasing Regional Competition
Buoyed by internet gaming and sports betting, casino operators in Atlantic City, N.J., broadly speaking, are enjoying a solid 2019 on the gross gaming revenue (GGR) front. But the good times won't last forever amid saturation in what was once the gambling...
Twin River Sees Encore Boston Harbor Pressure Abating, Uses Stock Weakness to Repurchase Shares
Twin River Worldwide Holdings, Inc. (NYSE:TRWH) has been plagued by the addition of Encore Boston Harbor to the New England gaming scene. The Rhode Island company's stock tumbled almost 22 percent since the Wynn property debuted in neighboring Massachusetts. As expected, Twin...
Eldorado Resorts, Caesars Shareholders Vote to Tie The Knot, Create Largest US Casino Operator
Eldorado Resorts, Inc. (NASDAQ:ERI) and Caesars Entertainment Corp. (NASDAQ:CZR) investors today overwhelmingly voted in favor of the regional gaming company's $17.3 billion takeover of the Caesars Palace operator. Each company held special shareholder meetings on Friday in Nevada – Eldorado in its...
Connecticut Democrats May Opt For Sports Betting, Cannabis For Infrastructure Cash Over Increasing Tolls
Democrats in Connecticut's state senate could resuscitate sports betting legislation while adding legalized cannabis to the mix in an effort to raise revenue for Gov. Ned Lamont's (D) transportation plan. In July, state lawmakers from both parties introduced “An Act Concerning Jobs...
TD Ameritrade Mulls Sports Betting as Avenue For Filling Revenue Void Created by Commission-Free Trading
TD Ameritrade Holding Corp. (NASDAQ:AMTD), one of the largest discount brokers, could turn to sports betting to bolster revenue after the company and its rivals recently shifted away from commission-driven models. Chief Information Officer Vijay Sankaran sees potential synergies between the trading...
Golden Entertainment Stock Glitters After Board Member Marnell Scoops up Shares
Shares of Golden Entertainment, Inc. (NASDAQ:GDEN) were higher by more than six percent on volume that is roughly 30 percent above the daily in midday trading on news that board member Anthony Marnell recently purchased the regional gaming company's stock. A new...
