The Venetian Las Vegas is thriving under the stewardship of Apollo Global Management (NYSE: APO). Things are going so well at that integrated resort that the private equity behemoth said it’s open to acquiring additional casinos — in Las Vegas or in other regional markets. Executives from Apollo made those remarks in an appearance before […]
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A player at Pennsylvania’s Valley Forge Casino Resort recently scooped up his losing bet at a table game before the dealer could collect it. The suspect then ran out of the gaming property and state police announced this week they are searching for him. The incident took place on September 25 at 9:53 p.m. at […]
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The college basketball regular season doesn’t tip off until next week, but it’s never too early to talk about March Madness. Or even make plans for it. Global event design firm Populous has partnered with the Nashville Convention & Visitors Corp. to create FanDuel Bracket City Live, a free three-day that will take place across […]
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The Oakland A’s would have a home in Las Vegas if and when they decide to relocate – even before they build one. According to the Las Vegas Review-Journal, the MLB team is welcome to temporarily share the Las Vegas Ballpark with their own Triple-A team, the Las Vegas Aviators. This would be one of […]
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Workers at Live! Casino & Hotel operations have reason to be hopeful tonight. The gaming property company purchased 4,000 Powerball tickets for the estimated $1.2 billion drawing. If any of the tickets are winners, the jackpot will be divided among company employees in Maryland, Philadelphia and Pittsburgh. The company employs more than 4,000 workers. If […]
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A former betting industry professional who stole almost £20,000 (US$22,700) from his former friend, the British poker player Luke Brereton, has been spared a prison sentence. Amer Siddique, 38, was handed 12-months of community service, with a requirement that he carry out 150 hours of unpaid work. That’s after he pleaded guilty to fraud by […]
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Bolstered by an impressive showing on the Las Vegas Strip, MGM Resorts International (NYSE:MGM) reported a 26% year-over-year jump in third-quarter revenue, handily beating Wall Street estimates. The July through September period of 2022 now ranks as the Bellagio operator’s best quarter ever on the basis of revenue and adjusted property earnings before interest, taxes, […]
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Caesars Entertainment (NASDAQ:CZR) delivered estimate-beating third-quarter results on Tuesday. While analysts are mostly upbeat about the report, there’s at least one dissenting voice. In a note to clients today, CFRA Research Arun Sundaram downgraded Caesars stock to “hold” from “buy,” while paring his 12-month price target on the shares to $35 from $40. That implies […]
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Ahead of its third-quarter earnings report on Thursday, Bally’s (NYSE: BALY) was downgraded by a sell-side analyst who cites a variety of near-term risks. In a note to clients, Stifel analyst Jeffrey Stantial lowered his rating on the regional casino operator to “hold” from “buy” while paring his price target to $25 from $28. That […]
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The five North Dakota tribes that operate Class III gaming on their sovereign lands won’t be allowed to operate online casino gambling under their new 10-year compacts reached with Gov. Doug Burgum (R). The Class III gaming compacts allow the federally recognized tribes to operate Las Vegas-style slot machines, table games, and sports betting on […]
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