Blackstone Eyes Bellagio, MGM Grand
MGM Resorts International has had three of its independent directors on the case since January find ways to wring more value from the company’s extensive real estate holdings. Their mission, according to MGM: “to enhance free cash flow per share, maximize value of the owned real estate and MGM’s equity holdings, preserve the company’s financial […]
Colorado Sports Betting Headed for the Ballot
Colorado’s three casino towns, Black Hawk, Central City and Cripple Creek, are anxious that Proposition DD passes in November so that they can start offering sports betting. But the potential for profits from the activity is largely speculative. If the voters say yes, Colorado will become the 20th state in the U.S. to allow sportsbooks. […]
More Delays on Oregon Sports Betting App
The Oregon Lottery has insisted from the get-go that it wouldn’t release its sports betting app until testing was completed. That’s still the case, and because the lottery wants to get it right, bettors will probably have to wait until mid-October before they can put down sportsbook wagers. The hoped-for rollout of Oregon Lottery Scoreboard […]
New Day at Delaware Racino
For much of this decade, investing in any of Delaware’s three racinos would have been unthinkable. Before last year, the state’s three racetrack casinos—Dover Downs, Delaware Park and Harrington Raceway—struggled to turn a profit for years under the twin weights of state taxes and competition from Maryland and Pennsylvania. Officials of Dover Downs Hotel and […]
N.H. Sportsbook Gold Rush Begins
A total of seven New Hampshire cities have expressed an interest in being among the 10 that legalize sportsbooks and have joined to put referendums on the November ballot. The most recent was Nashua, the state’s largest border town, where Charlie McIntyre, executive director of the New Hampshire Lottery, told the board of aldermen, “We […]
New Jersey Rescinds Ban on NBA Bets at Golden Nugget
Tilman Fertitta owns the Houston Rockets, one of few people wealthy enough to own a professional sports team. Fertitta also owns the Golden Nugget casinos in Atlantic City, Las Vegas and Biloxi, Mississippi, making him part of a rarefied fraternity. Until September 13, Fertitta’s dual ownership of a sports team and a casino put his […]
In Nevada, Another Station Casino Goes Union
Workers at the Fiesta Henderson Hotel and Casino just outside Las Vegas have voted to join the Southern Nevada locals of the Culinary and Bartenders unions. The Fiesta is the seventh Southern Nevada property operated by Station Casinos to vote to join the unions, which represent some 60,000 hospitality workers in Las Vegas and Reno, […]
Massachusetts Spurns Bluhm Casino—Again
The backers of a casino on the Brockton Fairgrounds in Plymouth County, Massachusetts have been spurned again by the Massachusetts Gaming Commission. A clearly frustrated real estate and casino mogul Neil Bluhm last week told commissioners: “I don’t honestly know how long you expect us to be hanging around here for Brockton.” Clearly, the answer […]
Kentucky’s Beshear Details Expanded Gambling Plans
Democratic gubernatorial candidate and Kentucky Attorney General Andy Beshear recently provided more details about his plan to expand gambling as a new revenue source for the state’s pension system, which is in the red for $43 billion. Specifically, Beshear said his plan would legalize casinos, sports betting, fantasy sports and online poker and generate $1.7 […]
NASCAR All In With In-Race Betting
For well over a century, horse racing fans could go to Churchill Downs and wager on any of the slate of races scheduled for the day. NASCAR Cup Series champion Kyle Busch has long wondered why the same does not hold true for auto racing. Wonder no more, Kyle. Since the U.S. Supreme Court overturned […]
FanDuel’s Addition Fuels PA Sports Betting
The Pennsylvania Gaming Control Board posted $83.2 million in sports wagers for August, thanks largely to Valley Forge Casino Resort’s partnership with sportsbook and daily fantasy giant FanDuel. According to the numbers, the new FanDuel online sportsbook offered by Valley Forge took in $35.3 million in wagers for the month, more than a third of […]
Like a Virgin, Mohegan Gaming Is Coming to Las Vegas
Mohegan Gaming & Entertainment (MGE) has been chosen to manage the Hard Rock’s casino when the off-Strip resort becomes Virgin Hotels Las Vegas next year. Terms of the multi-year agreement between MGE and Hard Rock owner JC Hospitality were not disclosed. What is known is that it will be a first for Las Vegas, which […]