MGM, Caesars Supported by Strip Resilience, Penn Takeover a Stretch, Says Analyst
Las Vega Strip trends remain sturdy and that’s good news for MGM Resorts International (NYSE: MGM) and Caesars Entertainment (NASDAQ: CZR). Looking elsewhere in the gaming industry, a near-term takeover of Penn Entertainment (NASDAQ: PENN) appears unlikely. The Las Vegas Strip at night. An analyst is bullish on Strip giants MGM and Caesars. (Image: Getty)…
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Bally’s Casino Plan Near Penn State Campus Wins Critical State Supreme Court Ruling
The Bally’s Corporation and its local development partners in State College, Pa., near Penn State University this week scored a major court victory. Nearly four years after the Bally’s Casino at the Nittany Mall was announced, the Pennsylvania Supreme Court has ruled that the Pennsylvania Gaming Control Board did not error in issuing the developers…
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Monarch Casino Leading Way in Fast-Growing Colorado Gaming Market
Monarch Casino & Resort’s (NASDAQ: MCRI) eponymous gaming venue in Black Hawk, Colo. has established itself as the leader in that rapidly growing regional casino market. Monarch Casino Resort Spa in Black Hawk, Colo. An analyst says the venue is the leader in that market. (Image: MonarchBlackHawk.com) Jefferies analyst David Katz said as much in…
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Nevada Collected $24M in Vouchers Left Behind by Gamblers This Year
Nevada gamblers left $24.4 million in vouchers behind in casinos during the fiscal year that ended June 30. That’s according to preliminary results from the Nevada Gaming Control Board (NGCB). Casinos got to keep 25% of their redemption value, reporting a sum total of $6.1 million as part of their monthly gross revenue, while the…
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Michigan Gaming Control Board Doubles Down on Skill Games Opposition
The Michigan Gaming Control Board (MGCB) is coming out arms swinging against anyone who thinks the ongoing crackdown on unregulated gambling machines in the state is unwarranted. A row of so-called “skill games” are seen inside a restaurant and bar in Michigan. The Michigan Gaming Control Board continues to crack down on the unregulated gambling…
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Accel Entertainment Buys Fairmont Holdings for $35M in Stock
Accel Entertainment (NYSE: ACEL) announced the acquisition of Fairmont Holdings for $35 million in equity, adding a horse racetrack to the video gaming terminal (VGT) firm’s portfolio of assets. Horses break from the starting gate during a race at FanDuel Sportsbook & Horse Racing in Collinsville, Ill. Accel Entertainment is acquiring operator Fairmont Holdings for…
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Koi Nation Casino Environmental Impact Report Released, Comment Period Begins
The Koi Nation of Northern California, a Native American tribe that regained federal recognition in 2000 but still doesn’t have sovereign land, wants to build a tribal casino resort in Sonoma County. A rendering of Shiloh Resort and Casino, a proposed tribal resort from the Koi Nation of Northern California. The federal government continues to…
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Churchill Downs HHR Facility Planned for Virginia’s Henrico County Faces Criticism
Churchill Downs Inc. is moving forward with a gaming venue in Virginia’s Henrico County where historical horse racing (HHR) machines will operate. The project has generated criticism from a local county official. A rendering of Henrico Gaming, a planned historical horse racing gaming venue in Virginia from Churchill Downs, Inc. A local official has criticized…
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Mazaii to Be Acquired by Las Vegas SPAC in $500 Million Deal
Mazaii, a Canadian provider of iGaming games and solutions, will be acquired by blank-check firm Relativity Acquisition Corp. (NASDAQ: RACY) in a deal valuing the target at an initial enterprise value of $500 million. The Mazaii logo. The iGaming tech firm is merging with SPAC Relativity Acquisition Corp. (Image: PR Newswire) The deal signals there’s…
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Rush Street Interactive Sale Could Be Imminent, According to Report
The long rumored sale of Rush Street Interactive (NYSE: RSI) could materialize in two months or less, according to a recent report. A Rush Street Interactive advertisement. The company could be acquired in the weeks ahead, according to a report. (Image: X) Citing unidentified sources, the Off Shore Gaming Association (OSGA) noted that a deal…
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