Category: Tribal gaming
Red Rock Could Be Boosted by Lower Interest Rates, Analyst Says
On Wednesday, the Federal Reserve lowered interest rates by half a percent — the central bank’s first rate cut in four years — sparking hope of a prolonged rally for capital-intensive casino operators, including Red Rock Resorts (NASDAQ: RRR). Red Rock Casino Resort. An analyst said the company could benefit from lower interest rates. (Image:…
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North Carolina Man Who Won $1.5M at Casino Pleads Guilty to Federal Charges
A North Carolina man who won nearly $1.5 million playing slot machines at a tribal casino pleaded guilty to federal charges for embezzling hundreds of thousands of dollars from his place of employment. A North Carolina man pleaded guilty to stealing state money to gamble. Federal prosecutors say Russel Hester embezzled nearly $375K. (Image: Casino.org)…
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Norfolk Casino Development Confirms Boyd Gaming Involvement
The Norfolk casino project has a new development partner in Boyd Gaming, the Las Vegas-based gaming firm that is one of the nation’s largest regional resort operators. Boyd Gaming has teamed up with the Pamunkey Indian Tribe for its Norfolk casino. Boyd is replacing billionaire Jon Yarbrough as the majority owner of the development. (Image:…
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Station-Managed North Fork Mono Tribal Casino Breaks Ground
Ground was broken on Saturday for the future site of the North Fork Mono Casino & Resort in Madera, Calif. The $400 million property, expected to open in 2026, will be owned by the North Fork Rancheria of Mono Indians of California and developed and managed by Las Vegas-based Station Casinos (NASDAQ: RRR). Madera, Calif.…
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