Caesars Unloading LINQ Promenade for $275 Million
Caesars Entertainment (NASDAQ: CZR) announced that it is selling the LINQ Promenade on the Las Vegas Strip for $275 million as part of the gaming company’s ongoing debt reduction efforts. Caesars’ LINQ Promenade in Las Vegas. The company is selling the venue for $275 million. (Image: Vegas Means Business) A joint partnership comprised of TPG…
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GLPI Waiting on Bally’s for Stadium Casino Financing Updates
Gaming and Leisure Properties (NASDAQ: GLPI) said it’s waiting on Bally’s (NYSE: BALY) to provide updates on potential financing needs for a planned casino hotel at the site formerly occupied by the Tropicana on the Las Vegas Strip. The former Tropicana Las Vegas. GLPI said it’s waiting on financing updates from Bally’s for a new…
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Oakland A’s Mulling Stake Sale at $2B Valuation
Ahead of the team’s move to Las Vegas, the soon-to-be former Oakland Athletics (A’s) are rumored to be considering the sale of a minority interest in the franchise. The exterior of the Oakland Coliseum. Athletics owner John Fisher is reportedly considering selling 25% of the team before its move to Las Vegas. (Image: Complex) Unidentified…
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CFTC Promises Scrutiny of Election Wagering Sites
The Commodities and Futures Trading Commission (CFTC) is pledging to diligently monitor platforms offering financial contracts tied to political outcomes as Election Day nears. The headquarters of the US Commodity Futures Trading Commission in Washington, DC. The commission is promising to police election betting markets. (Image: Shutterstock) The commission, which is engaged in a lengthy…
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Northern Virginia Unions Tout Economic Benefits of Bringing Casino to Tysons
Several powerful labor unions and trade groups rallied Tuesday morning in Northern Virginia to bring a casino to Fairfax County by way of Tysons. Some members of unions and trade groups in Northern Virginia hope to vote on a Tysons casino in the forthcoming election. However, there is plenty of opposition to allowing a Las…
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Chukchansi Gold Casino Hit with Protests Against Disenrollment
Visitors to the Chukchansi Gold Resort & Casino, near Fresno, Calif., on Saturday, witnessed around 100 people outside the premises protesting against its owner, the Picayune Rancheria of Chukchansi Indians. The Chukchansi Gold Resort & Casino in Coarsegold, Calif., above, was the scene of demonstrations against the tribe’s controversial disenrollment policy. Since the casino opened…
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Golden Entertainment Could Mull Sale-Leaseback on Unidentified Casino
Golden Entertainment (NASDAQ: GDEN) could consider selling and leasing back one of its casinos as an avenue for raising cash. Golden Entertainment’s Strat Las Vegas. An analyst says the operator could engage in a sale-leaseback on one of its casinos. (Image: OnTheStrip.com) Deutsche Bank analyst Carlo Santarelli put forth that theory in a new report…
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Colorado State Attorneys Ask Federal Court to Toss Tribal Sports Betting Lawsuit
State attorneys in Colorado have asked a federal court to dismiss a lawsuit filed by two federally recognized tribes challenging how sports betting was rolled out in The Centennial State. A patron at the Ute Mountain Casino Hotel Sportsbook places a wager. The Ute Mountain Ute and Southern Ute Indian tribes have sued the state…
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Muscogee Nation Scores Win in Wind Creek Casino ‘Grave Desecration’ Case
A federal appeals court in Atlanta has revived a complaint brought by an Oklahoma-based tribe that accuses a related tribe in Alabama of desecrating a sacred burial ground when it built its casino. The Wind Creek Wetumpka Casino in Alabama was built on the site of a sacred Native American burial ground. The 11th Circuit…
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Seneca Casino Tax Payments to Return for Niagara Falls, Salamanca, and Buffalo
Seneca casino tax money being held in an escrow account since December 2023 could soon be delivered to its rightful beneficiaries. Seneca Buffalo Creek Casino. Seneca casinos have directed 25% of their slot machine win to an escrow account since December 2023, but that money could soon flow to the host cities that are to…
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