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Playtika Soars on Possible Stock Repurchase Plan
Mobile gaming company Playtika (NASDAQ:PLTK) is trading higher in Wednesday’s after-hours session. That's following publication of a regulatory document indicating the firm could repurchase up to $600 million worth of its shares....
Melco Liquidity Strongest Among Macau Peers, Says Research Firm
Melco Resorts & Entertainment (NASDAQ: MLCO) can survive well into 2024 at current cash burn rates, assuming near-zero revenue persists in Macau, according to a research firm. That implies the City of...
Las Vegas Casino Union Folds on Rent Stabilization Effort, Fight Continues
The Culinary Union has folded on its efforts to stabilize rent prices in North Las Vegas. The Las Vegas casino union represents 60K gaming industry employees in Southern Nevada in Reno The...
California Sports Betting Update: Dueling Ads Released on Prop 27 — VIDEO
Election Day is 11 weeks away, and with committees on the various sides of the California sports betting debate having millions of dollars to spend, those groups have hit the airwaves –...
Bally’s Letters Removed From Las Vegas Strip
The letters B-A-L-L-Y-S were removed from the Las Vegas Strip on Tuesday with surprisingly little ballyhoo. A photo revealed the historic revision tweeted by @HorseshoeLasVegas, the new property name occupying the southeast...
Atlantic City Casino Revenues Up, But Profits Down in 2022 Second Quarter
Atlantic City casinos collectively reported a gross operating profit of approximately $183.6 million in the second quarter of the year. The bottom line marks a 0.8% decline from the same three months...
Betly Launches in Tennessee, Becomes 13th Sportsbook in Volunteer State
There’s now a baker’s dozen of sports betting options in Tennessee. This past week, Betly became the 13th sportsbook licensed to operate in the Volunteer State. Betly runs on a platform created...
Las Vegas Strip Could Double in Size, Experts Say
Are you ready for a Las Vegas Strip that’s twice its current size? According to some Las Vegas experts, it’s in the cards. The Strip has measured 4.2 miles long since the...
FBI Agent Using Public Money to Gamble, Drink in Vegas Troubles Law Professors
The circumstances around an FBI agent allegedly using $13.5K in federal money to gamble at the Bellagio concerns two leading law professors. The case also comes as the FBI faces scrutiny for...
Massachusetts Casinos Seek Sports Betting Launch Date to Prep Sportsbook Operations
Massachusetts casinos are hoping the state gaming commission can soon provide a relatively concrete launch date for in-person and online sports betting so the three properties can best ready their operations. By...