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Gaming CEOs Mostly Bullish, But See Some Challenges
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Gaming chief executive officers (CEOs) are mostly constructive on the near-term outlook for the industry while holding more enthusiastic attitudes about long-term trends. People take pictures in front of the “Welcome to Fabulous Las Vegas” sign. Gaming industry CEOs are bullish in their outlooks despite macroeconomic challenges. (Image: Getty) A recent survey by the American…
Read MoreCaesars Open to Selling ‘Non-Core’ Casinos to Reduce Debt
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Shares of Caesars Entertainment (NASDAQ: CZR) rebound Wednesday from a post-earnings report slide late Tuesday and the gaming company’s reiterated commitment to reducing debt could be one reason behind today’s bounce back by the stock. Caesars CEO Tom Reeg in a 2021 CNBC interview. He said the company is open to parting with “non-core” assets.…
Read MoreLabor Union Demands Petersburg Disclose How Cordish Was Selected for Casino
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The Unite Here Local 25 labor union whose members are employed in casinos, hotels, and restaurants in Washington, DC, Maryland, and Virginia is threatening a lawsuit against the Petersburg City Council over how it decided to pick The Cordish Companies for its potential casino development. The Local 25 chapter of Unite Here is threatening to…
Read MoreCaesars Q1 Results Miss Estimates as Regional Casinos, Sports Betting Lag
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Shares of Caesars Entertainment (NASDAQ: CZR) slumped during Tuesday’s after-hours session, extending declines following a 4.7% drop during normal trading hours after the casino operator posted first-quarter results that badly missed Wall Street forecasts. Caesars Palace Las Vegas. The operator said first-quarter earnings and revenue at its Las Vegas and regional casinos declined. (Image: YouTube)…
Read MoreNew Jersey Attorney General and Unite Here Ask Court to Dismiss Smoking Lawsuit
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New Jersey Attorney General Matthew Platkin, representing the legal interests of Democratic Gov. Phil Murphy, has asked New Jersey’s Superior Court to dismiss a lawsuit against the state challenging a smoking law that allows casinos in Atlantic City to designate up to 25% of their gaming space for indoor tobacco consumption. New Jersey Attorney General…
Read MoreCracks Emerging on Las Vegas Strip Says Analyst
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Las Vegas Strip casino hotels have experienced a torrid pace of recovery following the darkest days of the coronavirus pandemic, but there are signs lethargy is setting in. Fireworks light up the Las Vegas Strip on New Year’s Eve. An analyst says lethargy is setting in in the US casino hub. (Image: Getty) In a…
Read MoreImmigrant Cancer Patient Wins $1.3B Powerball Jackpot With Wife and Friend
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An immigrant who’s battling a cancer recurrence came forward Monday to collect on the $1.326 Powerball jackpot he won earlier this month with his wife and friend. Cheng “Charlie” Saephan redeems the winning $1.3 billion Powerball jackpot he purchased with his wife and friend on Monday, April 29, 2024. Saephan is battling a cancer recurrence…
Read MoreRivers Pittsburgh Roulette Cheating Case Sees Two More Players Charged
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Two Wexford, Penn. men have been charged in relation to a roulette cheating scheme at Rivers Casino Pittsburgh that involved collusion between a dealer, a floor supervisor, and players. The conspirators at the Rivers Casino Pittsburgh, above, discovered a way to place bets after the roulette had settled. But an anonymous letter made security focus…
Read MoreNew Casino Resort and Arena Proposed for Site of Vegas Strip’s Failed All Net Project
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The Las Vegas Strip site of the failed All Net Arena project just may become a resort and basketball arena after all. The former Las Vegas Strip site of the long-proposed All Net Resort and Arena has remained vacant since a Wet ’n Wild waterpark closed there in 2004. (Image: KSNV-TV/Las Vegas) LVXP, a new…
Read MoreNew Jersey Gov. Murphy Says Both Sides of Casino Smoking Debate Must Be Considered
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New Jersey Gov. Phil Murphy (D) has said repeatedly that he would sign legislation to close the indoor smoking loophole afforded to casinos in Atlantic City through the state’s 2006 Smoke-Free Air Act. But the second-term governor said during his monthly radio program “Ask Governor Murphy” on New Jersey Public Radio that both sides of the…
Read MoreRecent Posts
- Gaming CEOs Mostly Bullish, But See Some Challenges
- Caesars Open to Selling ‘Non-Core’ Casinos to Reduce Debt
- Labor Union Demands Petersburg Disclose How Cordish Was Selected for Casino
- Caesars Q1 Results Miss Estimates as Regional Casinos, Sports Betting Lag
- New Jersey Attorney General and Unite Here Ask Court to Dismiss Smoking Lawsuit
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