Latest Gambling industry News

Markets Right Now: Stocks trade mixed on Wall Street

Jun. 24, 2019 12:01 PM EDT

NEW YORK (AP) — The latest on developments in financial markets (all times local): 11:45 a.m. Stocks are trading mixed at midday on Wall Street as gains for technology companies are offset by losses in health care and other sectors. Western Digital rose 2.4% in midday trading Monday, while Bristol-Myers...

Alaska summer baseball team threatened by lack of financing

Jun. 24, 2019 11:11 AM EDT

KENAI, Alaska (AP) — An Alaska summer baseball squad is threatened by financial troubles, officials said. The Peninsula Oilers summer collegiate baseball team is in jeopardy as it struggles to secure funding, The Peninsula Clarion reported Saturday. The team is in its 46th consecutive season. But a decline...

Tribal casino may be coming to Tri-Cities

Jun. 24, 2019 9:06 AM EDT

KENNEWICK, Wash. (AP) — The Colville Tribes have bought land just outside Pasco, Washington, that could be used for a casino and other economic development projects. The Tri-City Herald reports the 184 acres purchased are in Franklin County just north of Pasco. Rodney Cawston, chairman of the Colville...

Big rollers: Eldorado buys Caesars in deal valued at $17B

Jun. 24, 2019 8:08 AM EDT

LAS VEGAS (AP) — Eldorado Resorts will buy Caesars in a cash-and-stock deal valued at $17.3 billion, creating a casino giant. The acquisition Monday puts about 60 casinos and resorts in 16 states under a single name, one of the biggest gambling and entertainment ventures in the United States. "Together, we...

Thousands turn out for new Boston-area casino grand opening

Jun. 23, 2019 5:12 PM EDT

EVERETT, Mass. (AP) — Massachusetts' third casino officially opened its doors near Boston on Sunday to thousands of patrons, including some who had lined up in the early morning hours to finally get their first look at the glitzy $2.6 billion Encore Boston Harbor facility after years of anticipation and...

States' push to legalize sports betting differs by region

Jun. 23, 2019 12:29 PM EDT

CHERRY HILL, N.J. (AP) — In the year since the U.S. Supreme Court cleared the way for every state to legalize sports betting , a regional divide has opened as states decide whether to expand their gambling options. By year's end, legalization is possible in a dozen states in the Northeast and Midwest. But...

Regional divide opens up in sports betting legislation

Jun. 23, 2019 10:52 AM EDT

CHERRY HILL, N.J. (AP) — In the year since the U.S. Supreme Court cleared the way for every state to legalize sports betting , a regional divide has opened as states decide whether to expand their gambling options. By year's end, legalization is possible in a dozen states in the Northeast and Midwest. But...

Wynn CEO: Boston casino a model for company's future growth

Jun. 21, 2019 5:32 PM EDT

EVERETT, Mass. (AP) — A brilliantly colored carousel sculpture made of tens of thousands of fake flowers and jewels greets visitors as they step into the opulent lobby of Encore Boston Harbor, the first casino to open in the Boston area and third in Massachusetts. Twenty-six floors above, in the casino's...

Chairman of gaming board, Rauner appointee, resigns

Jun. 20, 2019 10:29 PM EDT

SPRINGFIELD, Ill. (AP) — The head of the Illinois Gaming Board has stepped down after serving four years in the post. Springfield attorney Don Tracy was named chairman by then-Gov. Bruce Rauner in early 2015. The State Journal-Register in Springfield reports Gov. J.B. Pritzker's spokesman Jordan Abudayyeh...

Judge: Vineyard tribe needs local approval to open casino

Jun. 20, 2019 1:03 PM EDT

BOSTON (AP) — A federal judge has ruled that a Native American tribe needs to secure local approvals before building a casino on Martha's Vineyard in Massachusetts. U.S. District Court Judge Dennis Saylor ruled Wednesday the Aquinnah Wampanoag tribe is not subject to state and local regulations concerning...