Day: May 9, 2024

Golden Entertainment Sees Buybacks Preferable to Nevada Acquisitions

Golden Entertainment (NASDAQ: GDEN) dramatically reduced debt while announcing its first-ever quarterly dividend. Such efforts, including share buybacks, could be the casino operator’s preferred avenues for returning capital to shareholders rather than acquiring gaming venues in Nevada. Golden Entertainment’s Arizona Charlie’s Casino. The operator prefers share buybacks over Nevada acquisitions. (Image: Las Vegas Review-Journal) Last…

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PlayAGS Soars on Deal to Be Acquired by Brightstar for $1.1B

Shares of slot machine maker PlayAGS (NYSE: AGS) surged 26.56% Thursday on volume that was 35 times the daily average after the company said it has agreed to be acquired by Brightstar Capital Partners for $1.1 billion. PlayAGS slot machines, seen above. The company is being acquired by Brightstar Capital for $1.1 billion. (Image: PlayAGS)…

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South Dakota Casino Employee Hands Over $350K to Two Scammers

The man accused of deceiving a South Dakota gaming property worker out of $350K appeared in court this week. The employee collected the cash from the casino cage and turned it over to the defendant at a gas station. The Grand River Casino, pictured above. A suspect was arrested after allegedly convincing a casino worker…

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New York Bill Says Online Poker is a Skill Game

New York State Senator Joseph Addabbo Jr. (D-15th) has filed a bill that would legalize online poker in the Empire State by having it declared a game of skill. New York State Senator Joseph Addabbo Jr., above, has introduced a standalone online poker bill after one that included online casinos failed. But with less than…

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