Pandemic Delays Atlantic City Casino 2020 Profit Reports
Atlantic City casinos will have another month to disclose to the state their Q4 and full-year 2019 profit reports because of the ongoing COVID-19 pandemic that has shuttered their resort…
Flutter and TSG Merger Won’t Be Sabotaged by Coronavirus Crisis
Paddy Power and FanDuel owner Flutter Entertainment, and PokerStars and SkyBet parent The Stars Group (TSG) said this week their planned $12.2 billion merger will go ahead — regulators permitting…
MGM Interim CEO Hornbuckle Bought a Bunch of Stock This Week
William Hornbuckle, the interim CEO of MGM Resorts International (NYSE:MGM), is displaying confidence in his employer’s stock, scooping up more than 41,000 shares in the gaming company just this week….
Hong Kong Police Arrest 29 Suspects Tied to Alleged Gambling Racket
A Hong Kong illegal gaming racket, which obtained $1.8 million from eight gambling dens in just a half year, was broken up by local police in a series of recent…
Trump Tax Deduction Proposal Could Help Boost Some Restaurants
Upscale restaurants at casinos are among the eateries that could benefit under President Donald Trump’s proposal to increase deductions for meals and entertainment on corporate taxes, according to several experts…
President Trump Says Coronavirus Guidelines Extended Until April 30
President Donald Trump said in his daily COVID-19 press briefing Sunday that the social distancing guidelines the federal government recommends will be extended until at least the end of April….
Cambodia to Close Casinos as More Residents Contract COVID-19
All legal casinos in Cambodia will be shuttered indefinitely starting Thursday due to risk from the coronavirus outbreak. New cases of the potentially fatal illness include a man who worked…
Penn National Extends Surival Time Line With Tropicana Deal
Penn National Gaming (NASDAQ:PENN) said last Friday it’s selling the real estate assets of the Tropicana Las Vegas and the ground lease of an asset in Morgantown, Pa. to Gaming…
Detroit Casinos Halt Worker Pay This Week, Extend Benefits Through June
The three Detroit casinos – MGM Grand Detroit, MotorCity, and Greektown – said pay will stop this week for their workers because of the state mandated shutdown, but benefits will…
Former MGM Resorts CEO Jim Murren Gives Nevada Coronavirus Update
Jim Murren, the former CEO of MGM Resorts who expedited his planned resignation from the casino company earlier this month to head the Nevada COVID-19 task force, provided an update…