Gambling
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New York Casinos Not Cure For MTA Cash Needs, Says NY Post
Posted on: June 17, 2024, 01:03h. Last updated on: June 17, 2024, 01:48h. After Gov. Kathy Hochul (D-NY) had a surprise change of heart on a congestion tax that would have raised much-needed revenue for the Metropolitan Transportation Authority (MTA), the authority is still in need of cash. Some politicians are pitching an accelerated downstate casino approval timeline as the…
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DraftKings Named Top Gaming Idea by Morgan Stanley
Posted on: June 10, 2024, 03:22h. Last updated on: June 10, 2024, 03:22h. Shares of DraftKings (NASDAQ: DKNG) got a much needed jolt Monday after Morgan Stanley anointed the stock one of its top ideas in the gaming and lodging space. An image from a DraftKings office. Morgan Stanley called the stock a top gaming/lodging idea. (Image: Bloomberg) In a…
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Mega Millions Players in California, New York Are the Most Lucky
Posted on: June 3, 2024, 03:08h. Last updated on: June 3, 2024, 03:08h. Tuesday night’s Mega Millions drawing has an advertised jackpot of $560 million, the 9th-richest prize the interstate lottery game has ever offered. A new study finds that players in California, New York, and New Jersey are the likeliest to win the life-changing payout. Mega Millions is drawn…
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Blackstone’s Stephen Schwarzman Throws Support Behind Trump
Posted on: May 27, 2024, 02:02h. Last updated on: May 27, 2024, 02:02h. Stephen Schwarzman, the billionaire founder, chairman, and chief executive of Blackstone Group, one of the world’s richest private equity giants that has significant holdings in the global casino industry, says he will support former President Donald Trump during the 2024 United States presidential election. Blackstone Group’s Stephen…
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MGM Resorts Stock Can Bounce Back, Say Analysts
Posted on: April 15, 2024, 06:29h. Last updated on: April 15, 2024, 06:29h. MGM Resorts International (NYSE: MGM) stock is struggling. Shares of the casino operator are lower by 4.10% year-to-date, badly lagging the S&P 500, and things have been worse in recent days as highlighted by a 7.45% decline over the past week. The Cosmopolitan Las Vegas. Analysts believe…
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Atlantic City Casino Profits Slide in 2023, Report Adds to Concerns
Posted on: April 8, 2024, 05:12h. Last updated on: April 8, 2024, 05:12h. Atlantic City casinos managed to increase their net revenue last year, but the higher income wasn’t enough to offset increased overhead. That led to year-over-year profit declines. An aerial view of the Atlantic City skyline, with the town’s six casinos standing tall on the Boardwalk and three…
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ESPN Anchor Rece Davis Backtracks Sports Betting Comment
Posted on: March 25, 2024, 05:27h. Last updated on: March 25, 2024, 05:27h. Rece Davis, a lead sports anchor on ESPN and ABC, is backtracking sports betting comments he made on Sunday ahead of top-seeded UConn’s second-round March Madness matchup against No. 9 Northwestern. ESPN’s Rece Davis is walking back comments he made in jest about sports betting being risk-free…
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DraftKings CFO Jason Park Moving To New Role At Gaming Firm
Posted on: March 18, 2024, 05:34h. Last updated on: March 18, 2024, 05:34h. DraftKings (NASDAQ: DKNG) announced today that CFO Jason Park is moving to another role within the gaming company and that Senior Vice President of Finance and Analytics Alan Ellingson, will assume the top financial job at the firm on May 1. Soon-to-be former DraftKings CFO Jason Park.…
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Caesars Sportsbook launches mobile sports wagering across North Carolina
Caesars Sportsbook is now accepting mobile sports wagers across North Carolina. The company was among the eight sportsbooks that secured licenses from state regulators ahead of the online betting market launch on Monday. Sports bettors 21 and older across the state can now place bets with the Caesars Sportsbook app on mobile or via desktop. The development follows news earlier…
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Caesars Insiders See Value In Stock
Posted on: March 4, 2024, 03:04h. Last updated on: March 4, 2024, 03:42h. Shares of Caesars Entertainment (NASDAQ: CZR) are down 19.6% over the past year, which is disappointing when considering the S&P 500 is higher by 29.2% over the same stretch. Pedestrians walk the Las Vegas Strip near Caesars Entertainment’s Paris. Company insiders are buying the stock. (Image: Bloomberg)…
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