4979 stories by Todd Shriber
Sportsbook Battle Brewing as William Hill Believes Eldorado Pact Entitles it to Caesars Sports Betting Operations
William Hill, one of the largest operators of sportsbooks, is angling for Caesars Entertainment Corp.'s (NASDAQ:CZR) sports wagering business and the UK-based company may have a point. Eldorado Resorts, Inc. (NASDAQ:ERI), the company that said earlier this week it is acquiring Caesars...
Penn National Sees More Peril, Problems Than Potential in Chicago
Penn National Gaming, Inc. (NASDAQ:PENN) probably won't be among the casino operators vying to land a gaming license in Chicago. Earlier this month, Illinois passed wide-ranging gaming legislation, approving sports betting and slot machines at Chicago's Midway and O'Hare International airports while...
Prior to Eldorado Acquisition Offer, Caesars Scuttled Australia Gold Coast Plans
Before news broke Monday that Eldorado Resorts, Inc. (NASDAQ:ERI) is looking to buy Caesars Entertainment Corp. (NASDAQ:CZR) for $17.3 billion, the Caesars Palace operator scrapped plans to potentially open an integrated resort in Australia. Caesars, which had been eyeing Queensland along Australia's...
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...
Eldorado, Caesars Entertainment Merger Agreement Outlines Penalties for Breakup
Soon after announcing a $17.3 billion plan to merge, Eldorado Resorts, Inc. (NASDAQ:ERI) and Caesars Entertainment Corp. (NASDAQ:CZR) made clear in a regulatory filing that if the deal does not go through, a breakup could be costly for either side. In a...
