4907 stories by Todd Shriber
Long Beach Vice Squad Breaks up Home-Based Illegal Gambling Ring, Seizes Four Guns, $2,000 in Cash
Vice detectives in Long Beach, Calif. disrupted an illegal gambling operation being run out of a residence on July 19, seizing gaming machines, weapons, ammunition, and cash. The bust also resulted in three arrests. Authorities did not specify the nature of the...
Former Caesars VP Sues Casino Company, Claiming Sexual Misconduct Was Ignored
Jocelyn Agnellini Allison, previously a regional vice president for marketing for Caesars Entertainment Corp. in New Jersey, is suing her former employer and Caesars Enterprise Services. Allison claims that she was discriminated against because she's a woman, that she was retaliated against...
Raiders Stadium Las Vegas Budget Jumps to $1.9 Billion With More Suites, Club Seating Added
The budget for Las Vegas Stadium, the Strip venue that will host games for the NFL's Raiders, is on the rise to $1.9 billion from the initial projection of $1.8 billion after officials recently signed off on $40 million in new construction...
Gaming Industry Adding to Better Outlook for Massachusetts Job Numbers
Casino operators, including Wynn Resorts, are playing an increasingly important role in job creation in Massachusetts, helping keep the commonwealth's unemployment rate among the nation's lowest. Wynn's $2.6 billion Encore Boston Harbor, open since June 23, is estimated to already have created...
Brookfield Asset Management Looking For Buyer of Bahamas Atlantis
Brookfield Asset Management Inc. (NYSE:BAM), an asset management and real estate development firm, is looking to sell the Atlantis Paradise Island Resort in the Bahamas, one of the region's most popular tourist destinations. Canadian-based Brookfield acquired the property, which features a casino,...
Eldorado Resorts Stock in Unusual Spot, History Says That Could Be a Good Thing
Eldorado Resorts, Inc. (NASDAQ:ERI), the regional gaming company that said last month it will acquire Caesars Entertainment Corp. (NASDAQ:CZR) for $17.3 billion, finds its stock in an unusual spot and if history repeats, the shares could be poised to rally. Over the...
MGM Mulling Real Estate Sale of High-End Las Vegas Strip Properties, Including Bellagio, MGM Grand
MGM Resorts International (NYSE:MGM) is reportedly in discussions to sell but retain operating rights to some of its glitzier Las Vegas Strip properties, including the Bellagio. If commenced, the transactions would be in the form of a sale-leaseback, meaning MGM would sell...
MGM Resorts Stock Dinged by Morgan Stanley Downgrade, Price Target Cut Ahead of Second-Quarter Earnings Report
Shares of MGM Resorts International (NYSE:MGM) were slightly lower in midday trading Thursday after Morgan Stanley downgraded the stock and lowered its price target on the casino operator. In a note out earlier today, Morgan Stanley gaming and leisure analyst Thomas Allen...
Bally’s Atlantic City May Survive, in Some Form, As Eldorado Resorts Acquires Caesars Entertainment
Bally’s in Atlantic City, New Jersey, once the jewel of Boardwalk, may survive after all as Eldorado Resorts moves forward with its $17.3 billion acquisition of Caesars Entertainment, Bally's owner. Just days after news of that deal broke last month, it was...
Rhode Island Gov. Raimondo Balks at Twin River Offer to Take Lottery Contract From IGT
Gov. Gina Raimondo (D-RI) doesn't want Twin River Worldwide Holdings, Inc. (NYSE:TRWH), Rhode Island's lone casino operator, usurping International Game Technology Plc (NYSE:IGT) as the state's lottery manager. Recently, Twin River offered Rhode Island $125 million in cash upfront to takeover the...
