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Business
June 27, 2024
New York Casino Bidder Vows $250M Community Investment
With three new downstate casino licenses up for grabs in New York, competition is fierce. So far, several recognizable gambling and entertainment operators have shown interest in developing a casino. Companies interested in submitting a license bid can do so by July 31, 2024, while the three new licenses are expected to receive approval by […]
Industry
June 20, 2024
Member of Scattered Spider Cybercrime Group Arrested in Spain
A 22-year-old UK man, suspected to be a pivotal member of the notorious Scattered Spider cybercrime group, was apprehended by Spanish authorities this week, representing a significant breakthrough for international cybercrime investigations. The operation, part of an ongoing investigation by the FBI, underscores the escalating global efforts to prevent attacks similar to those against prominent […]
Casino
June 19, 2024
Caesars Finalizes Acquisition of Wynn’s Michigan iGaming Business
The largest casino-entertainment company in the United States and operator with one of the most diversified casino-entertainment providers in the world, Caesars Entertainment, announced the completion of the acquisition of WynnBET’s iGaming business in Michigan. The move represents a major expansion of the company in an important online gambling market. Besides acquiring WynnBET’s iGaming operations, […]
Casino
June 17, 2024
Caesars Shareholders Reject Proposal to Study the Benefits of Going Smoke-Free
Caesars Entertainment’s shareholders are apparently not on board with a recent proposal to study the effects of smoke-free casinos. While activists continue to fervently promote the idea of smoke-free casinos, citing health-related concerns, gambling companies and their investors remain obstinate in maintaining the status quo. The proposal was filed by public health and labor advocates […]
Business
June 3, 2024
Carl Icahn Reportedly Holds Significant Stake in Caesars
The recognizable billionaire and businessman, Carl Icahn, holds a significant stake in Caesars Entertainment, the leading gaming, hospitality and entertainment operator, Bloomberg News announced recently. The publication cited sources close to the matter. After the release of the recent report, Caesars shares marked an uptick. During last week, the company’s stock hovered around $32 per […]
Casino
May 15, 2024
Young Man Celebrates 21st Birthday with $365K Win at Las Vegas Casino
Hitting a jackpot or a major win while gambling at a casino always brings excitement. To the lucky few that are able to experience such a thrill, they will undoubtedly remember it for the rest of their lives. And while some may gamble for years without any luck of winning any good prizes, others may […]
Casino
May 7, 2024
Costs for Caesars’ Danville Casino Increase Exponentially
The leading gaming, hospitality and entertainment company, Ceasars Entertainment, started the work on its permanent casino in Danville, Virginia, a few years ago, in 2022. Ahead of the opening of the resort, planned for this December, the cost of the project has significantly increased. While initially, Ceasars anticipated an investment of approximately $400 million, the […]
Business
May 2, 2024
Caesars’ Revenues Decline in Q1 Despite Increase in iGaming Win
Gambling juggernaut Caesars Entertainment has published its quarterly report for the three months ended March 31, highlighting a slight decline in revenue amid an increase in net loss. Despite the setbacks, the company remains in a strong financial position. Caesars posted net revenue of $2.7 billion for the three-month period. This figure represents a slight […]
Casino
April 30, 2024
Caesars Turns to Seasoned Veteran as New Member of Board of Directors
Kim Harris Jones is joining the company’s Board of Directors effective from April 29, but still subject to customary regulatory requirements, and she is touted for her in-depth understanding of leadership and steering businesses towards long-term goals. Influential Leader Joins as 10th Caesars Board Member She brings a deep understanding of finance as well as […]
Casino
April 1, 2024
Lucky Player Wins Three Casino Jackpots in a Row
Many dream of winning the jackpot but few can imagine hitting three big prizes on the same day. Surprisingly, this is exactly what happened to a lucky Caesars player in Las Vegas. The player in question was visiting the Caesars Palace venue Tuesday night into Wednesday morning. As reported, the lucky player turned his stay […]
