Casino
Churchill Downs Q1 Sales Hit Record, Earnings Beat Estimates
Posted on: April 25, 2024, 12:23h. Last updated on: April 25, 2024, 12:23h. Shares of Churchill Downs (NASDAQ: CHDN) jumped 3.74% in after-hours trading Wednesday after the gaming company reported record first-quarter sales and earnings that topped Wall Street estimates. Churchill Downs’ new Terre Haute Casino Resort. New venues are boosting the company’s results. (Image: […]
High Interest Rates Damping Gaming Industry M&A Activity
Posted on: April 24, 2024, 05:06h. Last updated on: April 24, 2024, 05:06h. Entering this year, it was widely expected that the Federal Reserve would pare interest rates from 20-year highs, potentially unleashing a wave of mergers and acquisitions activity in the casino gaming industry, but that scenario hasn’t materialized. The Las Vegas Strip. High […]
Tropicana Implosion Approved by Las Vegas Officials – Casino.org
Posted on: April 24, 2024, 04:33h. Last updated on: April 24, 2024, 04:34h. Corey Levitan Read More Clark County has approved a permit filed by Bally’s Corp. to implode the historic Tropicana Las Vegas. The Rhode Island-based company has until Oct. 20 to drop the Trop. The Boardwalk Hotel & Casino meets its maker on […]
Einhorn Says Greenlight Has New Position In Penn Entertainment
Posted on: April 24, 2024, 03:52h. Last updated on: April 24, 2024, 03:52h. Shares of Penn Entertainment (NASDAQ: PENN) jumped 2.41% today on volume that was 55.7% above the daily average after David Einhorn disclosed that his Greenlight Capital took a “medium sized” stake in the regional casino operator in the first quarter. Greenlight Capital […]
Evolution Accuser Still a Mystery in ‘Black Market’ Defamation Case
Posted on: April 24, 2024, 02:41h. Last updated on: April 24, 2024, 03:03h. Online gaming software giant Evolution AB will have to wait to discover the identity of the author of a report that it claims was defamatory and wiped $3 billion off its market cap. Judge John C Porto, above, has determined that the […]
Melco CEO Wants Multi-Trip Visa Between Hengqin and Macau
In 2023, the operator of prominent Macau-based properties like Altira, City of Dreams, Studio City, and Morpheus, Melco Resorts & Entertainment, launched the Studio City phase, thus expanding one of its most lucrative venues counting 900 luxury rooms. Following the ongoing development of the company as well as the industry as a whole in the […]
NBA Gives Jontay Porter Lifetime Ban for Sports Betting Violations
Posted on: April 17, 2024, 12:59h. Last updated on: April 17, 2024, 12:59h. The NBA on Wednesday announced its first-ever lifetime ban against a player since legal sports gambling in the United States became widespread. Jontay Porter has received a lifetime ban from the NBA after a league investigation found he shared confidential information with […]
Jacobs Entertainment Sells Reno’s Oldest House for One Dollar
Posted on: April 17, 2024, 11:45h. Last updated on: April 17, 2024, 11:45h. Jacobs Entertainment has sold what is believed to be among the oldest homes in Reno for just one dollar. The historic home located at 347 West St. in Reno has been sold for a dollar after Jacobs Entertainment paid $1.2 million for […]
Pennsylvania Casino Smoking Bill Continues Lingering
Posted on: April 17, 2024, 09:39h. Last updated on: April 17, 2024, 09:46h. Legislation in Pennsylvania that seeks to close the indoor smoking loophole afforded to casinos and certain other businesses passed a House committee last November. Five months later, the measure still hasn’t been acted on by the full House of Representatives. Efforts to […]
iGaming Revenue Soaring in New Jersey, Atlantic City Stable
Posted on: April 17, 2024, 08:13h. Last updated on: April 17, 2024, 09:49h. iGaming revenue in New Jersey hit a record high last month with online slots and interactive table games winning nearly $197.2 million off remote players in the Garden State. The entrance to Hard Rock Hotel & Casino Atlantic City. The nine casinos […]