Two analysts support Caesars Entertainment Corp. placing its largest operating division into a real estate investment trust to deal with its gaming industry-high debt load, even though the company might have backed away from the concept.
California is shaping up as the nation’s Internet poker battleground in 2015. Everyone wants a piece of the Golden State’s potentially lucrative pie.
Scientific Games Corp. completed its $5.1 billion acquisition of slot machine giant Bally Technologies on Friday, finalizing the buyout is less than four months.
ALBANY, N.Y. — The decision on where to build casinos in upstate New York will make some developers very happy. For others, it will spell the disappointing end to a long and expensive bid for a piece of the action.
Wynn Resorts Ltd. said it doesn’t believe it is under federal investigation despite published reports the casino operator is being targeted for potential money laundering violations.
A year ago, New York financier Ronald Perelman was adding a slot machine division to his Scientific Games Corp., one the top lottery providers in the U.S.
MGM Resorts International said Thursday it hopes to raise $1 billion in new debt to help pay for some of the development costs surrounding the company’s hotel-casino projects in Massachusetts and Maryland.
BOSTON — The state’s three licensed casino companies voiced strong concerns Thursday about a plan floated by regulators to limit the time and money gamblers spend at casinos.
TRENTON, N.J. — New Jersey could drop its ban on betting on sports entirely, but it cannot legally set conditions as it ends the prohibition, a lawyer for the NCAA and four major sports leagues told a federal judge Thursday.
Caesars Entertainment Corp. is considering placing its largest operating division into a real estate investment trust as a way of dealing with its gaming industry-high debt, according to a filing Wednesday with the Securities and Exchange Commission.