Connecticut Sues US Department of the Interior Over East Windsor Casino

Connecticut Governor Dannel Malloy (D) and the state’s two federally recognized tribes want answers over the legality of constructing a satellite casino in East Windsor. Connecticut Governor Dannel Malloy is going after the US federal government for staying mum on his state’s East Windsor tribal casino. (Image: Lindsay Perry/Stamford Advocate) Connecticut, along with the Mashantucket Pequot and...
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Penn National Gaming, Pinnacle Ent confirm acquisition talks

US regional casino operator Penn National Gaming (PNG) has confirmed that it is discussing a potential acquisition of rival Pinnacle Entertainment. In October, rumors swirled that PNG and Pinnacle had been holding “on-again, off-again” discussions regarding some form of tie-up. On Thursday, PNG issued a statement saying that “in light of recent market speculation,” it would confirm that it is...
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Gaming Stocks Ride Growth Wave as Dow Climbs Past 24,000

The Dow Jones Industrial Average broke through the 24,000 barrier for the first time on Thursday morning, marking an all-time high for the index that mirrors similar growth in stock prices for major gaming firms. The Dow Jones Industrial Average passed 24,000 on Thursday, reflecting trends that have also sent gaming stocks through the roof. (Image: Brendan McDermid/Reuters) While many factors...
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Melco Resorts to move HQ to Japan if casino bid accepted

Asian casino operator Melco Resorts & Entertainment (MRE) has seriously upped the ante in demonstrating its desire to win a Japanese integrated resort (IR) license. On Thursday, MRE CEO Lawrence Ho and some of his top execs traveled to Tokyo in a bid to impress upon local officials the company’s fervent desire to land one of the coveted Japanese IR licenses. They achieved this goal in...
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Ohio Senate Passes Daily Fantasy Sports Bill

The Ohio Senate overwhelmingly passed a bill on Wednesday that would allow daily fantasy sports contests to be regulated in the state. Ohio Governor John Kasich may soon have the chance to sign a bill that would regulate daily fantasy sports in his state. (Image: Brian Snyder/Reuters) The legislation, originally known as House Bill 132, passed by a 25-4 margin and will now need to be reconciled...
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Caesars mortgages its future with Harrah’s Las Vegas dirt sale

Casino operator Caesars Entertainment Corporation (CEC) has sold the ground underneath its Harrah’s Las Vegas casino to help fund its purchase of two Indiana casinos. On Thursday, CEC announced that it had inked a deal with VICI Properties to sell and leaseback the land underneath Harrah’s Las Vegas. CEC will receive $1.14b from the sale, while the initial year of the 15-year lease will cost CEC...
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