Washington State’s Mississippi-Style Gambling Boat Sails into Sunset After 25 Years
It’s the end of an era for the Emerald Queen, the Mississippi-style paddlewheel riverboat that was, for a quarter of a century, a familiar sight in the port of Tacoma, Wash. The elegant 300-foot former gambling palace was towed away to Seattle Thursday. The Emerald Queen brought a little “New Orleans French Quarter” to Washington…
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Tilman Fertitta Ambassadorship Would Lengthen Odds of Wynn Activism
Tilman Fertitta’s potential appointment as US ambassador to Italy could diminish the chances he takes on an activist role at Wynn Resorts (NASDAQ: WYNN), the casino operator in which he owns nearly 10% of the stock. Golden Nugget CEO Tilman Fertitta’s potential appointment as ambassador to Italy lowers the likelihood of him becoming an activist…
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South Carolina Sports Betting Bill Sets Minimum Age at 18
South Carolina’s 2025 legislative session starts next month, but one lawmaker there has already proposed a sports betting bill, marking at least the fourth attempt to bring that form of wagering to the state. Former South Carolina quarterback Spencer Rattler in a 2023 game. South Carolina Representative Chris Murphy is again pushing sports betting legislation…
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Mississippi Lawmakers Field Proposal for Casino Resort in Jackson
Mississippi is home to one of the largest and richest casino markets in the United States. When lawmakers gather next month in the state Capitol in Jackson, a discussion about further expanding the gaming industry is expected. When Mississippi lawmakers convene in January for their 2025 legislative session, a push to allow a casino in…
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Bronx Locals Split on Bally’s Casino Plan
Residents of the Bronx, NY are divided over the prospects of a Bally’s casino hotel eventually calling their borough home. Bally’s Links in the Bronx, NY. Locals are divided over the plan to bring a casino hotel to the property. (Image: NY1) Christopher Jewett, senior vice president of corporate development at the regional casino operator,…
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Penn Entertainment Lifted by JPMorgan Upgrade
Shares of Penn Entertainment (NASDAQ: PENN) closed higher by 3.90% today on volume that was well above the daily average after JPMorgan upgraded the gaming stock. A slide from a Penn Entertainment investor presentation. JPMorgan upgraded the stock today, sparking a rally. (Image: Penn Entertainment) In a new report to clients, analyst Joseph Greff lifted…
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Michigan iGaming and Sports Wagering Taxes Could Be Going Up
Legislation recently introduced to the Michigan Senate seeks to raise taxes on commercial revenue generated from online casino gambling and both retail and mobile sports betting. Michigan Sen. Sam Singh wants the state to receive a larger cut from commercial iGaming, in-person sports betting, and online sports betting. The state’s three commercial operators say such…
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Wynn Unlikely to See Activist Action, Says Analyst
Wynn Resorts (NASDAQ: WYNN) stock is higher by 10.09% over the past month, a period in which a well-known investor upped his stake in the casino operator, but some analysts don’t believe a takeover offer is on the table. Wynn and Encore on the Las Vegas Strip. An analyst is bullish on the operator’s bonds…
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Flutter Stock Could Double in 4 Years, Says Analyst
Shares of Flutter Entertainment (NYSE: FLUT) closed higher by 1% today after an analyst said the stock has the potential to more than double to $600 over the next four years. The gaming equity closed at $277.47 today. The Flutter logo as seen in an investor deck. An analyst says the stock could more than…
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Massachusetts Tribe to Build Welcome Center Where Casino Plan Remains
The Mashpee Wampanoag Tribe in Massachusetts has announced plans to construct a welcome center on its sovereign land in Taunton. The Mashpee Wampanoag Tribe in Massachusetts will build a welcome center in Taunton. The facility to promote its plans to construct a casino resort called First Light. (Image: AP) One of two federally recognized tribes…
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