Summary: Stocks of digital-first gaming companies declined less than those of traditional casino operators. Companies with heavy international operations were hit the hardest. Investors confident in U.S.-based operators with an online focus. President Donald Trump’s announcement regarding new tariffs on foreign goods has started to ripple through the stock market. As expected, casino operators are […]
Summary: A new bill could let Gulfstream Park run its casino without hosting live racing. Passed its first challenge in the Florida House of Reps on Wednesday. Approved by the Subcommittee with a 14-4 vote. Legislation in Florida that would allow Gulfstream Park to operate its casino without the requirement to host live racing took […]
Summary: LVS is facing increasing concerns about online gaming. Concerns are tied to its recent plan for a $6bn resort on Long Island, New York. CEO Rob Goldstein addressed related key challenges during the fourth-quarter earnings call. While focused on its global growth, with emphasis on Macau and Singapore, the leading developer and operator of […]
Summary: A federal judge ruled against Graton Rancheria’s request to delay the Koi Nation’s proposed resort-casino project, The decision allowed the approval process to proceed, marking a significant win for the Koi Nation and a setback for opponents. Construction near Windsor could begin in 2026 and last two years. A federal judge has ruled against […]
Summary: Virginia lawmakers Senate Majority Leader Scott Surovell’s proposal to build a casino in Fairfax County’s Tysons area. The legislation would authorize a referendum, allowing Fairfax County voters to decide on the project. The plan includes a hotel, concert venue, and convention center alongside the casino. With Virginia lawmakers preparing for the 2025 legislative session, […]
Summary: Fitch Ratings has lowered Bally’s credit score from “B” to “B-.” The call comes amid concerns regarding its Chicago casino plans. Despite its cash reserves and important funding from GLPI, Bally’s is looking at important long-term obligations. NYSE-listed Bally’s Corporation has recently faced an important credit rating decrease from “B” to “B-”. Fitch Ratings, […]
Summary: Resorts World Las Vegas has announced its plans to restructure some of its operations. The decision has led to roughly 50 employees being laid off, according to a company statement. Resorts World currently faces a $10.5 million fine for allegedly accepting bets from convicted felons and illegal bookmakers. The first integrated resort to make […]
Summary: LVS plans to build a mixed-use development next to Highway 114. The project would include a casino resort, along with retail and residential spaces in Irving. Monday’s Planning and Zoning Commission meeting reunited both opponents and lobbyists of the project. Irving, Texas residents gathered at the City Hall’s Planning and Zoning Commission meeting on […]
