In the grand scheme of things, the proxy fight over Full House Resorts seems like small potatoes. But with regional markets on a downward trajectory, the company is ripe for the taking.
TRENTON, N.J.— A judge who temporarily stopped New Jersey from allowing legalized sports betting last weekend has set a court date for the state, major U.S. professional sports leagues and the NCAA to argue whether the ban should be extended.
Wynn Resorts Ltd. said Tuesday the company had a 1.4 percent dip in revenue in the third quarter, but results from the casino operator’s Strip properties boosted profits.
The company buying a Pittsburgh area racetrack casino owned by Cannery Casino Resorts sued the Las Vegas-based casino operator for allegedly breaching the $465 million purchase agreement.
Nevada gaming revenue declined almost 6 percent in September, marking the state’s second straight monthly drop. On the Strip, gaming revenue declined 12.1 percent.
Full House Resorts shareholders were given the go-ahead by the Securities and Exchange Commission Tuesday to solicit other stockholders of the casino operator on holding a special vote to remake the company’s board.