5136 stories by Todd Shriber
In Effort to Lure High Rollers, MGM Springfield Will Replace Starbucks With VIP Area
As part of its plan to bolster gross gaming revenue (GGR) that is falling short of expectations, MGM Springfield will replace a famous coffeehouse with a dedicated gaming area for high-rollers. Thursday, June 27 was the last day of business for the...
New Jersey Bar Shuttered Following Cockfighting Allegations, Illegal Gambling Conviction For Owner
New Jersey officials are pulling a drinking establishment's liquor license amid allegations the bar's owner ran a cockfighting operation and an illegal gambling ring. The state's Division of Alcoholic Beverage Control will revoke New Ranchi City Bar and Liquors' permit to serve...
Rolling the Dice on MGM Resorts Stock in July: Historically, It’s a Winner
MGM Resorts International (NYSE:MGM) stock surged 12.75 percent in June, beating the S&P 500 by a margin of 2.55-to-1. And if data from years past proves accurate, shares of the Mirage operator could extend their winning ways in July. Over the past...
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'...
