Latest Casino operators News

Chicago mayor's pension fix includes legal marijuana, casino

Dec. 12, 2018 4:10 PM EST

CHICAGO (AP) — Chicago Mayor Rahm Emanuel wants to legalize marijuana and open a city-owned casino to help pay down the city's $28 billion public-pension debt. Emanuel's proposal also calls for issuing up to $10 billion in pension obligation bonds and changing the state constitution to allow cuts to...

New Jersey sports betting market closing in on $1B mark

Dec. 12, 2018 3:23 PM EST

ATLANTIC CITY, N.J. (AP) — New Jersey's sports betting market is closing in on the $1 billion dollar mark after less than six months of operation. Figures released Wednesday by the state Division of Gaming Enforcement show New Jersey's casino and racetrack-based sports books took in over $330 million worth...

Indiana casino boat with effect on Louisville turns 20

Nov. 17, 2018 11:29 AM EST

LOUISVILLE, Ky. (AP) — Two decades ago, a Las Vegas company bet a small fortune — $300 million — that a riverboat casino downriver from Louisville could strike a gusher of cash. Now, as the former Caesars riverboat marks its 20th anniversary, there's little question among community leaders,...

Nearly $600M bet on sports in New Jersey in 4 ½ months

Nov. 15, 2018 3:20 PM EST

ATLANTIC CITY, N.J. (AP) — New Jersey's red-hot sports betting market blew past the half-billion dollar mark in October, with nearly $600 million worth of bets having been made in just four and a half months. Figures released Thursday by the state Division of Gaming Enforcement show gamblers wagered $260...

Cleveland Cavaliers owner selling Detroit casino in $1B deal

Nov. 14, 2018 2:52 PM EST

DETROIT (AP) — Businessman and Cleveland Cavaliers owner Dan Gilbert has reached a $1 billion agreement to sell the Greektown Casino-Hotel in downtown Detroit, one of the city's three casinos, companies involved in the deal announced Wednesday. The move marks the latest in billions of dollars in...

DraftKings, Resorts fire latest shot in sport book arms race

Nov. 14, 2018 8:04 AM EST

ATLANTIC CITY, N.J. (AP) — DraftKings and Resorts Casino are firing the latest shot in New Jersey's sports book arms race, with a full-fledged sports betting facility due to open in a week. The two companies told The Associated Press their 5,000-square-foot sports book will open on Nov. 20 in a space off...

Airplane banner denounces Jets' partnership with MGM

Nov. 11, 2018 3:21 PM EST

EAST RUTHERFORD, N.J. (AP) — An airplane banner criticizing the New York Jets' gaming deal partnership with casino operator MGM Resorts International circled MetLife Stadium several times a few hours before the team's game against the Buffalo Bills. The banner trailing the plane Sunday read: "SHAME ON...

Wynn Resorts scratches plan for lagoon on Las Vegas Strip

Nov. 7, 2018 7:59 PM EST

LAS VEGAS (AP) — The Las Vegas Strip won't have a lagoon after all. Casino operator Wynn Resorts revealed during its third quarter earnings call Wednesday that it has scratched plans for an artificial lake that would have taken the place of its 18-hole golf course. At the size of nearly 100 Olympic...

Casino giant Caesars Entertainment's CEO to step down

Nov. 1, 2018 8:52 PM EDT

LAS VEGAS (AP) — The president and CEO of Caesars Entertainment Corp. will step down next year, the casino giant said Thursday. The announcement came just before Caesars reported third-quarter net income of $110 million, after posting a loss in the same period a year earlier. The Las Vegas-based company...

NHL partners with MGM to share data for sports betting

Oct. 29, 2018 3:11 PM EDT

NEW YORK (AP) — The NHL announced a multiyear agreement Monday to provide MGM Resorts International with data for use in betting, the second major U.S. professional sports league to strike a deal with the casino giant since the Supreme Court opened the way for expanded gambling last spring. Las Vegas-based...