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Bally’s Downgraded as Analyst Sees Investment Cycle Trying Investor Patience
Shares of Bally's (NYSE:BALY) are trading lower to start the week after an analyst downgraded the casino operator. In a note to clients today, Jefferies analyst David Katz lowered his rating on...
US Gaming Industry Wins Record $53B in 2021, Casino Revenue Betters 2019
The US gaming industry has never been better. Gross revenue in 2021 soared to new heighs. The American Gaming Association (AGA), the industry's national trade group, compiled revenue reports from the 33...
Macau Court is Siding with LVS in $7.5B Breach of Contract Case Vs. Marshall Hao
A judge in Macau’s Court of First Instance appears to be siding with Las Vegas Sands Corp’s (LVS) defense of a monstruous $7.5 billion breach-of-contract lawsuit, dating back 20 years. Judge Seng...
Wynn Selling Encore Boston Harbor Property Assets to Realty Income for $1.7B
Wynn Resorts (NASDAQ:WYNN) is selling the real estate assets of Encore Boston Harbor to Realty Income (NYSE:O) for $1.7 billion -- the equivalent of a 5.9 percent cap rate. In the latest...
Kambi Could Be Takeover Target After Ditching Poison Pill
Takeover speculation is swirling around Kambi Group Plc (OTC:KMBIF). That's after the sports betting platform provider ditched a poison pill provision hindering its ability to be acquired. Kambi said last week it...
Wind Creek Bethlehem to Decrease Slot Allotment, Casino Cites Social Distancing
Wind Creek Bethlehem wants to declutter its casino floor by removing 655 slot machines. The commercial casino owned and operated by Alabama's Poarch Band of Creek Indians (PBCI) says the decision to...
Chukchansi Gold Casino Visitor Dies In California Car Crash
A 41-year-old Fresno, Calif. woman passenger was killed and a 63-year-old driver remains hospitalized following a Wednesday night accident on Highway 41 in California’s Madera County. They were returning from a visit...
Aspinalls Casino London Sued by Malaysian Tycoon Who Dropped £4M at Baccarat
A high-rolling Malaysian business magnate is suing London’s exclusive Aspinalls Casino because he claims it should have told him to stop losing money. Han Joeh Lim, 62, blew £3.9 million (US$5.2 million)...
Texas Casino Gambling Legalization Continues to Divide Politicians
A recent debate among Republican candidates vying for Texas’ 122nd House seat shows legalization of commercial gambling remains a controversial issue. The politicians offered conflicting stands during the San Antonio forum. Four...
LVS Says Asian American Entertainment Broke Partnership in $7.5B Breach Case
It was Asian American Entertainment Corp (AAEC), and not Las Vegas Sands Corp (LVS) that broke up a business relationship between the two parties, a Macau court has heard. It’s a broken...