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Caesars Entertainment and Eldorado Resorts in Reported Merger Talks

Caesars-Eldorado merger

Caesars Entertainment and Eldorado Resorts have initiated merger negotiations, according to Reuters. The news agency cited “sources familiar with the matter” who said Sunday the two casino operators were in the early stages of talks “exploring the possibility” of a combination. Caesars is understood to have provided Eldorado with a limited amount of sensitive financial…Read More

Sports Betting Landscape: Odds Favor California, Florida, and Texas Remaining on Sidelines

sports betting California Texas Florida

Sports betting in the US continues to expand across the country, but the three largest states – California, Texas, and Florida – aren’t expected to participate anytime soon. The Associated Press reports that the three states have been home to teams that have participated in more than half of the championship series and games in…Read More

False Rumor Caused Oscars Betting Stampede in New Jersey

Oscars betting

A rumor that Yorgos Lanthimos was going to win the Oscar for Best Director for The Favourite reportedly spread like wildfire in the lead up to the big night on Sunday, causing New Jersey’s new sports books to slash the odds on the prospect. By Sunday morning, as gamblers clamored to get their bets on…Read More

Industry Bodies ABB and RGA to Merge to Lobby for UK Gambling Interests as Regulators Tighten Thumbscrews

Remote Gaming Association

UK gambling’s two major industry bodies are set to join forces as they seek to consolidate their interests and extend their lobbying reach in the face of tighter regulatory controls in the country. While no statement has yet been forthcoming from either the Association of British Bookmakers or the Remote Gambling Association, rumors of merger…Read More

Mystery Thief Stole Toronto Stock Traders’ $500,000 Super Bowl Sweepstakes Pot

Super Bowl sweepstakes

The high-stakes Super Bowl sweepstakes on Bay Street — Toronto’s financial district — has become something of an institution among the city’s wealthy stockbrokers — and with a $500,000 prize pool, it offers the kind of returns most of us can only dream of. Except this year, there was no prize pot, because somebody stole…Read More

Stanley Ho Family Quashes Reports 97-Year-Old Macau Billionaire Seriously ill in Intensive Care

Stanley Ho

The family of Stanley Ho has denied reports that the Macau casino patriarch is seriously ill. According to the South China Morning Post, Ho’s third wife Ina Chan Un Chan, and daughter Laurinda Ho Chiu-lin, told press outside Hong Kong Sanatorium & Hospital in Happy Valley — where Ho resides on a day-to-day basis —…Read More

Oakland Raiders Expected to Play in San Francisco, Super Bowl 54 Odds Favor Kansas City Chiefs

Oakland Raiders Las Vegas NFL odds

The Oakland Raiders will relocate to Las Vegas in 2020, but in the interim, the NFL franchise needs a temporary home. Rumors suggest they have found it by way of Oracle Park in nearby San Francisco. The Associated Press says sources close to the situation report that while a deal hasn’t been reached, it’s close….Read More

Rumors Swirling Regarding Atlantic Club Sale, Notice Filed on Shuttered Atlantic City Casino

Atlantic Club Atlantic City casino

The long-shuttered Atlantic Club casino in Atlantic City might have a new owner after a notice of settlement on the Boardwalk property was filed with the county. The Press of Atlantic City was first to report that current owners TJM Properties, a Florida-based real estate developer, might have finally found a buyer for the closed…Read More

Racing Point Teams Up with Sportpesa in Formula One’s First-Ever Gaming Industry Sponsorship Deal

Racing Point

Formula One team Racing Point is shortly expected to announce the first-ever sponsorship deal between a stakeholder in the global motorsport series and a gambling company. According to sources who spoke to RaceFans.net, the team — previously known as Force India — has signed a branding agreement with Africa’s biggest sports betting company, Kenya-based Sportpesa….Read More

Ocean Resort Casino Mystery Buyer Still Unknown

Ocean Resort Casino Atlantic City

The Ocean Resort Casino in Atlantic City was sold more than a week ago, but the buyer still hasn’t been publicly revealed. Present owner Bruce Deifik announced he was selling the Boardwalk casino resort less than six months after he opened the former Revel under its new identity. The property, which cost $2.4 billion to…Read More

Rumored Drake Vegas Residence at XS Nightclub Could Be Bad Optics for Wynn Resorts

Drake

Drake has reportedly struck a $10 million Vegas residency deal that is expected to see him perform 12 shows over two years at the XS Nightclub at Wynn Las Vegas. According to The Las Vegas Review-Journal, the Canadian rapper and R&B star hinted as much to his fans during a performance at XS on January…Read More

Shuttered Lucky Dragon Las Vegas Has Interested Buyers

Lucky Dragon Las Vegas casino resort

The $165 million Lucky Dragon in Las Vegas, the casino resort that opened in November 2016 only to close less than two years later in in October 2018, reportedly has several interested buyers. CDC Gaming Reports caught up with CBRE executive Michael Parks this week. He’s helping Snow Covered Capital, the investment firm that currently…Read More

Billionaire Carl Icahn Returning to Gaming Industry With Caesars Entertainment Investment

Carl Icahn Caesars Entertainment stock

Carl Icahn, the billionaire activist investor who sold Tropicana Entertainment last year and retains ownership of Trump Entertainment Resorts, is said to be building a substantial stake in Caesars Entertainment. CNBC said last week that while the size of Icahn’s Caesars investment wasn’t immediately known, “sources familiar with the situation” told the business media outlet…Read More

Atlantic City’s Ocean Resort Casino Sold Six Months After Opening

Atlantic City Ocean Resort Casino

UPDATE: Ocean Resort Casino owner Bruce Deifik confirmed Thursday afternoon that the property has indeed been sold. He didn’t name the buyer. The sale is dependent on approval from state regulators, and the new owner will need to become licensed. Ocean Resort Casino in Atlantic City is rumored to be up for sale by owner…Read More

From Gangsters and Rats to Key Crime Witnesses, Gaming’s Flatliners of 2018 Never Saw It Coming

In 2018, the gaming and casino industry — both legal and illicit — saw its share of murders and unexplained deaths. It turns out the movies really aren’t that far off when it comes to portraying the possible ways to die if you tangle with the wrong people. Dead Man’s Hand Mohegan Sun Pocono dealer…Read More