#Gaming and Leisure Properties

The Nevada Independent

Indy Gaming: International flights on the rise in Las Vegas

I spent the last two weeks in South America - Rio de Janeiro in Brazil, Iguazu Falls on the Brazil-Argentina border and Machu Picchu in Peru. I will simply say it was an amazing trip. Restoring direct international travel to and from Las Vegas following the pandemic was a top concern for the tourism industry. Given the numbers from March and recent…

Industry ・ 01 May 2024

Seeking Alpha

Las Vegas reshuffle: Out with the Tropicana and in with the Oakland A's

The historic Tropicana Las Vegas casino and hotel property closed last week after 67 years in operation. The Tropicana was the most expensive Las Vegas resort built to date when it opened in April 1957. The closing of the Tropicana means that the only surviving property on the Las Vegas Strip from the 1950s is the Sahara. The land beneath the site…

Land-based ・ 08 April 2024

News-Daily

Another iconic Las Vegas Strip casino facing implosion

Las Vegas knows how to handle an exit. When many of its most famous casinos closed, they did not meet a wrecking ball or get dismantled piece by piece, they were imploded. That's a spectacular way to reduce a massive property to rubble while also putting on a show. It's also an event that happens so rarely that it's a major event. The last Las…

Land-based ・ 06 April 2024

The Nevada Independent

Indy Gaming: Bally’s may go private to deal with debt. Will it affect Vegas stadium?

The chairman of Bally's Corp. wants to take the casino company private. What could this mean for the A's stadium given its involvement? Also, a Laughlin casino is facing a $500000 fine from gaming regulators after members of its security team roughed up an employee and customer. Meanwhile, wagering in March Madness could top $2.7 billion…

Incidents ・ 20 March 2024

Wild Casino

$5,000 Welcome Bonus

Deposit bonuses are optional and must be requested by the player when making a deposit. For example, use Promo Code WILD1 to a 100% Casino bonus. Your bonus request will be assessed and, if your account is eligible for the bonus, it will be added to your account immediately.

Street Insider

PENN Entertainment Announces Groundbreaking Ceremony for New Hotel at Hollywood Casino Columbus

WYOMISSING, Pa. & COLUMBUS, Ohio--(BUSINESS WIRE)--PENN Entertainment, Inc. ("PENN" or the "Company") (Nasdaq: PENN) announced today that it will host a groundbreaking ceremony for a new hotel at Hollywood Casino Columbus on November 28, 2023 at 1pm ET. "We are thrilled to soon begin construction on a new, state-of-the-art hotel at Hollywood Casino…

Industry ・ 27 November 2023

Card Player

MLB Owners Unanimously Approve Las Vegas Move For Oakland A’s

It's official, the Oakland A's are moving to Las Vegas after Major League Baseball owners gave the franchise's move the go-ahead last week. The team announced plans to move to Sin City in the spring after reaching a deal to build a new stadium right on the Vegas Strip. However, the plan to leave Oakland still needed approval from three-fourths of…

Land-based ・ 21 November 2023

Seeking Alpha

Oakland A's move to Las Vegas is called a positive for some casino stocks (NYSE:BALY)

The Oakland A's Major League Baseball team is officially on the move to Las Vegas after the owners voted unanimously to approve the relocation of the team from the Bay Area. Earlier in the year, the A's had reached an agreement with Bally's (NYSE: BALY) to build a $1.5B, 30K-seat stadium on 35 acres of the Tropicana Las Vegas site. The stadium is…

Finance ・ 20 November 2023

Bisnow

Las Vegas Hospitality Workers Authorize Strike As Investor Interest In Casinos Grows

Las Vegas hotel and casino workers are in negotiations for a new five-year contract. Las Vegas hospitality workers voted this week to authorize a strike in pursuit of a new five-year contract. The workers are members of the Culinary Workers Union Local 226 and Bartenders Union Local 165, who are employed in nongaming positions at casinos on the Las…

Travel ・ 01 October 2023

RELATED LOCATIONS

State

Nevada

State

Louisiana

State

Missouri

Reading Eagle

Gaming and Leisure Properties acquires land under Illinois Hard Rock Casino

Gaming and Leisure Properties Inc. has acquired the land associated with the Hard Rock Casino development project in Rockford, Ill., from an affiliate of 815 Entertainment LLC for $100 million. At the same time it acquired the land, Gaming and Leisure Properties entered into a 99-year ground lease with 815 Entertainment. The initial annual rent for…

Travel ・ 05 September 2023

World Casino News

GLPI Has Acquired The Hard Rock Casino Rockford Land

On 30 August 2023, reputable real-estate investment company Gaming and Leisure Properties, Inc. (GLPI) acquired the land designated for the Hard Rock Casino development project in Rockford, Illinois from 815 Entertainment, the Illinois-based operator of the Hard Rock-branded casino. The acquisition reportedly worth $100.0 million is complemented…

Industry ・ 30 August 2023

Yogonet

Illinois: Gaming and Leisure Properties acquires Hard Rock Casino Rockford's land for $100 million

Gaming-focused real estate investment firm Gaming and Leisure Properties Inc. (GLPI) has acquired the land associated with the Hard Rock Casino development project in Rockford, Illinois from an affiliate of815 Entertainment for $100 million. 815 Entertainment is owned by Dan Fischer, the principal, along with a consortium of local investors…

Industry ・ 30 August 2023

The Denver Post

Blackjack player sues Ameristar Casino, city of Black Hawk and others over alleged detainment for card counting

A blackjack player from Georgia allegedly found himself detained at Ameristar Casino in Black Hawk for the gambling practice of card counting, according to his lawsuit against the casino, the city and others. Faced with a long layover at Denver International Airport, plaintiff Joseph Shiraef decided to spend that time on Oct. 19, 2021, about an…

Incidents ・ 09 August 2023

RELATED CATEGORIES

Category

Travel

Category

Land-based

Category

Industry

Category

Sports

Eye On Annapolis

A Traveler's Guide to Annapolis: Exploring Casinos and More

Nestled on the sparkling shores of Chesapeake Bay, Annapolis is a city that marries the charm of its rich colonial history with the excitement of modern attractions. In our upcoming article, "A Traveler's Guide to Annapolis: Exploring Casinos and More," we will take you on an enchanting journey through this Maryland gem. Prepare to be captivated by…

Law ・ 07 August 2023

wenatcheeworld.com

Two Key Las Vegas Strip Resorts Casinos Could Be Sold

Major deals appear to be coming on the Las Vegas Strip where a casino sale doesn't always mean a change in operators. In the past 12 months, the Las Vegas Strip has seen some massive deals, as MGM Resorts International (MGM) - Get Free Report bought the operating rights to the Cosmopolitan while it sold operating rights to Mirage to Hard Rock…

Land-based ・ 25 April 2023

The Nevada Independent

Indy Gaming: Boyd has no interest in selling downtown, locals casinos to REITs

Good morning, and welcome to the Indy Gaming newsletter, a weekly look at gaming matters nationally and internationally and how the events tie back to Nevada. If a colleague or associate emailed this newsletter to you, please to sign up and receive your own copy of Indy Gaming in your inbox. - Howard Stutz Boyd Gaming had a simple message to real…

Industry ・ 09 February 2023

The Advocate

Belle of Baton Rouge casino plans $35 million move onto land, will create 200 jobs

The Belle of Baton Rouge is set to become the second local riverboat casino to move onto land after the Louisiana Gaming Control Board on Thursday unanimously approved the Belle's $35 million plan to relocate its gambling operations. The Belle will move the 16500-square-foot gambling floor into the casino atrium, operating 316 slot machines, 14…

Travel ・ 10 January 2023

RELATED BRANDS

MGM Resorts

Penn National Gaming

Wynn Resorts

DraftKings

BetMGM

Yogonet

Bally's expects Tropicana Vegas acquisition to close in September; files Chicago casino application with Illinois regulator

Bally's Corporation is moving forward with two major projects in two different US states, which involve the Tropicana acquisition in Las Vegas, Nevada, and Chicago's first casino project, in Illinois. On the Nevada front, the company said it will, announced in April last year, at the end of September. Nevertheless, Bally's executives said in…

Land-based ・ 26 December 2022

Review Journal

6 biggest casino deals on the Las Vegas Strip in 2022

A number of casino operators changed up their real estate portfolio this year with sales, acquisitions and leasebacks - showcasing a flurry of activity after the short but steep economic fallout caused by the COVID-19 pandemic. And a number of those deals, announced last year, have closed in 2022. Here are six of this year's major deals on the…

Industry ・ 26 December 2022

Yogonet

Penn Entertainment to bring Illinois riverboat casinos ashore; add hotel towers to Ohio's Hollywood Columbus and Nevada's M Resort

Penn Entertainment announced Monday that the company is set to pursue four new projects with an overall $850 million budget, including the relocation of its riverboat casinos in Aurora and Joliet, Illinois, to new land-based facilities. Additionally, the business is set to build a new hotel at Hollywood Columbus in Ohio, and a second hotel tower at…

Travel ・ 02 November 2022

Vegas Slots Online

GLPI Interested in Buying Property on the Las Vegas Strip

Traditionally focused on regional casinos, GLPI is interested in acquiring a property on the Las Vegas Strip. [Image: Shutterstock.com] The CEO of Gaming and Leisure Properties Inc. (GLPI) said that, contrary to popular belief, he is interested in acquiring additional property on the Las Vegas Strip, if the right opportunity presents itself. In an…

Land-based ・ 30 October 2022

RELATED AFFILIATES

Casino.org

World Casino Directory

Vegas Slots Online

Online Gambling

Top-CanadianCasinos.com

Gambling Insider

Bally’s Las Vegas opens The Arcade

While Bally's Las Vegas continues to rebrand into the Horseshoe Last Vegas, its Arcade has opened for the public. The 7000-square-foot location features over 80 supersized games such as Skee-Ball, air hockey, Rock the Rim and a claw machine, Big One Extreme, as well as a range of virtual reality games like "King Kong" and "Mission…

Travel ・ 17 October 2022

Konami

The Queen Casino & Entertainment Expands Konami’s SYNKROS Casino Management System to Belle of Baton Rouge

The Queen Casino & Entertainment, formerly CQ Holding Company, Inc., has announced the expansion of SYNKROS® to a third property in its multi-site portfolio, installing Konami Gaming, Inc.'s SYNKROS casino management system at the historic Belle of Baton Rouge in Baton Rouge, La., which joins sister properties DraftKings at Casino Queen and Casino…

Industry ・ 10 October 2022

HNR Hotel News

PENN Entertainment Announces New Hotels at Hollywood Casino Columbus (Ohio) and the M Resort (Nevada)

PENN Entertainment, Inc. (Nasdaq: PENN) announced today that it intends to relocate its riverboat casinos in Aurora and Joliet, Illinois to new land-based facilities and to build a new hotel at Hollywood Columbus in Ohio and a second hotel tower at the M Resort in Henderson, Nevada. Aurora Development Project PENN intends to develop a new…

Sports ・ 10 October 2022

Yogonet

Nevada regulators grant Bally's final approval for $308M acquisition of Tropicana Las Vegas

The Nevada Gaming Commission granted final approval Thursday to Bally's Corp purchase of the Tropicana Las Vegas casino. The operator is set to acquire the property for $308 million from Penn National Entertainment. Bally's intends to make the Tropicana its western flagship operation, with the deal expected to formally close between Sunday and…

Industry ・ 01 October 2022

Review Journal

Tropicana Las Vegas is officially owned by Bally’s Corp.

Tropicana Las Vegas is officially under new ownership. Bally's Corp. announced Tuesday that it completed its acquisition of the Strip hotel-casino. It purchased the Tropicana's "non-land assets" for $148 million in cash from landlord Gaming and Leisure Properties Inc., and it will lease the land underneath the resort for $10.5 million per year from…

Gaming Authorities ・ 28 September 2022

Review Journal

Tropicana resort on Las Vegas Strip acquired by Bally’s Corp.

Bally's Corp. has been cleared to close on its acquisition of the operations of the Tropicana resort on the Strip by the Nevada Gaming Commission. Following an hour-long hearing, commissioners on Thursday unanimously approved the Providence, Rhode Island, company's acquisition from Penn Entertainment Inc. for $308 million, first announced in April…

Land-based ・ 22 September 2022

Vegas Slots Online

US Casino Landlords Dominate 2022 US Property Sector

Casino real estate investment trusts (REITs) have surprised many industry experts with their inflation-hedging abilities. They have now become the only segment of the US property sector to post positive financials in 2022. casino REITs are better protected from inflation" On Friday, Hoya Capital research revealed that "casino REITs are better…

Travel ・ 19 September 2022

The Nevada Independent

Bally’s exec: Tropicana Las Vegas will be the company’s ‘western flagship’

More than a year after first announcing a deal to acquire the Tropicana Las Vegas, Bally's Corp. received preliminary approval from Nevada gaming regulators Wednesday to acquire the Rat Park-era hotel-casino in a $308 million transaction. Company officials told the Gaming Control Board in Las Vegas they plan to close the purchase by the end of the…

Gaming Authorities ・ 07 September 2022

GMToday

Bally’s files application with state for first Chicago casino

Bally's filed its application with the Illinois Gaming Board on Wednesday, taking a major step in the process to build Chicago's first casino and the flagship property for its fast-growing company. The application was posted on the gaming board website Thursday morning. The clock is now running for the publicly traded Rhode Island-based company to…

Travel ・ 12 August 2022

The Nevada Independent

Indy Gaming: Bally’s says it will close purchase of Tropicana Las Vegas next month

Good morning, and welcome to the Indy Gaming newsletter, a weekly look at gaming matters nationally and internationally and how the events tie back to Nevada. If a colleague or associate emailed this newsletter to you, please to sign up and receive your own copy of Indy Gaming in your inbox. - Howard Stutz More than a year after announcing a deal…

Valentine's Day ・ 10 August 2022

European Gaming

Gaming Americas Weekly Roundup

Welcome to our weekly roundup of American gambling news again! Here, we are going through the weekly highlights of the American gambling industry which include the latest news and new partnerships. Read on and get updated. Pragmatic Play, a leading content provider to the iGaming industry, has strengthened its position in the Brazilian market…

Gaming Authorities ・ 05 July 2022

The Street

A's Las Vegas Strip Move Just Became a Lot More Likely

Since the National Hockey League's Golden Knights began playing right on the Las Vegas Strip nestled between multiple MGM Resorts International (MGM) - Get MGM Resorts International Report properties, Sin City has become negotiating leverage for any team in the other major sports looking for a better stadium/arena deal. That's especially true for…

Land-based ・ 28 June 2022

KSDK

Downtown casino buys shuttered bar in Laclede's Landing

Big Daddy's owner Ryan Loeffler said he shuttered the bar in January 2021 and sold it a year later. ST. LOUIS - The parent company of the downtown Horseshoe St. Louis casino has purchased the closed restaurant Big Daddy's on the Landing, as its leader says it hopes to see more residential and office uses in the area. An entity tied to the casino in…

Travel ・ 19 June 2022

Yogonet

Bally's completes sale-leaseback deal for three Colorado casinos and Quad Cities property in Illinois

Bally's Corporation and Gaming and Leisure Properties, Inc. (GLPI), a publicly-traded gaming focused real estate investment trust,have completed the from Bally's of the land and real estate assets of Bally's three Black Hawk Casinos in Colorado, and Bally's Quad Cities Casino & Hotel in Rock Island, Illinois, for $150 million in total…

Travel ・ 05 April 2022

The Street

Controversial Las Vegas Strip Casino Operator May Make a Big Change

Las Vegas never stops changing. In recent months we've learned that MGM Resorts International will sell The Mirage to Hard Rock International while Rival Caesar's Entertainment (CZR) - Get Caesars Entertainment Inc Report plans to rebrand its Bally's property under its Horseshoe brand. That's, of course, because the actual Bally's Corporation…

Land-based ・ 12 March 2022

iGaming Business

GLPI completes acquisition of Philadelphia and Pittsburgh Live! casino properties

The double purchase formed part of a wider deal agreed in December last year, which also included the acquisition of the Live! Casino & Hotel Maryland, though this purchase is yet to complete. GLPI funded the two acquisitions by assuming $423.0m in debt, which has already been repaid, and by issuing approximately $137.0m of operating partnership…

Industry ・ 03 March 2022

Gambling Insider

Live! Casino and Hotel Maryland sale completed

Gaming and Leisure Properties (GLPI) has completed the purchase of the land and real estate assets of Live! Casino and Hotel Maryland from The Cordish Companies for a total of $1.14bn. In addition to the land and real estate assets, the deal includes a partnership on future Cordish casino developments, as well as potential financing partnerships…

Travel ・ 14 February 2022

World Casino News

Lumiere Place Casino and Hotels is getting a new name

American casino operator Caesars Entertainment Incorporated has announced that its Lumiere Place Casino and Hotels property in the state of Missouri will soon be rebranded as the Horseshoe Saint Louis. The Las Vegas-headquartered firm used an official Monday press release to detail that it expects to have finalized the downtown St Louis facility's…

Travel ・ 08 February 2022

The Street

Another Iconic Las Vegas Strip Casino Likely to Be Demolished

Las Vegas has always had a mixed relationship with its history. The city likes to evoke its classic past, but casino operators generally recognize that while people want pictures with nostalgic nods to the past like the classic Las Vegas sign, they generally don't want to stay in outdated "classic" hotel casinos. The city, of course, has its share…

Land-based ・ 29 January 2022

Study Breaks

What Are the Best Gambling Stocks To Buy in 2021?

The gambling industry is a very fast-growing and profitable one. The best gambling stocks to buy in 2021 have been around for a while and offer the newest technological advances to their customers. This article will discuss these best gambling stocks and how real money slots online are connected to them, as well as the important things to keep in…

Strategy Guide ・ 16 January 2022

World Casino News

Maryland completion for Gaming and Leisure Properties Incorporated

American real estate investment trust Gaming and Leisure Properties Incorporated has announced that it has officially completed the takeover of a Maryland casino operated by The Cordish Companies. The Pennsylvania-based firm used an official Wednesday press release to declare that it has paid a total consideration of $1.14 billion so as to assume…

Travel ・ 30 December 2021

The Nevada Independent

As gaming revenues soar in Nevada and nationwide, one analyst is cautious for 2022

Nevada's casino industry is on track for 2021 to produce its fourth-ever $12 billion revenue year. Nationwide, gaming revenues have already surpassed 2019's record total. One gaming analyst, however, believes as the year draws to a close, it might be wise to take a deep breath and evaluate where the casino sector is headed in 2022. Deutsche Bank…

Finance ・ 17 December 2021

Trib Live

'Business as usual' after $1.8 billion transaction involving Westmoreland casino

After more than a year in operation, the Live! Casino Pittsburgh property at Westmoreland Mall is changing hands. In a $1.8 billion deal, Wyomissing-based Gaming and Leisure Properties in Berks County will acquire three properties owned by Baltimore-based The Cordish Cos., including Live! Casino & Hotel Maryland, Live! Casino & Hotel Philadelphia…

Travel ・ 07 December 2021

Penn Bets

Cordish Selling Off And Leasing Back Its Live! Casinos

The Cordish Companies spent $850 million in recent years to build and open two casinos in Pennsylvania, and now it is selling them and its Maryland casino off through a $1.81 billion transaction with Gaming and Leisure Properties Inc. It is unlikely customers of the Live! Philadelphia or Live! Pittsburgh properties will notice anything different,…

Travel ・ 07 December 2021

Vegas Slots Online

GLPI is Acquiring Three Cordish Casinos in $1.81bn Deal

Gaming and Leisure Properties Inc. (GLPI), a real estate investment trust (REIT), has agreed to acquire three casino properties from The Cordish Companies in a deal worth $1.81bn. The Pennsylvania-based Penn National Gaming spin-off announced the deal on Monday. Cordish will pay a starting rent of $125m Following completion of the deal, Cordish…

Travel ・ 07 December 2021

The Nevada Independent

How VICI Properties is quietly becoming landlord to the biggest casinos in Vegas

In the waning days of Caesars Entertainment's two-year bankruptcy reorganization, creditors struggled with a name for a new spin-off company taking ownership of 19 casinos that would control the land and lease the properties back to the operator. Consultants suggested Senatus Populusque Romanus, or SPQR, the term used for the government of ancient…

Travel ・ 23 November 2021

St. Louis Today

Landlord for St. Louis casinos no longer has prominent lobbyist on payroll

JEFFERSON CITY - A prominent Missouri lobbyist is no longer representing a company that serves as a landlord to gambling casinos across the state. Until Monday, Steve Tilley, a close ally to Gov. Mike Parson, was listed on state ethics reports as registered to lobby on behalf of Gaming and Leisure Properties Inc. But, after being contacted about…

Travel ・ 16 November 2021

Gambling News

The Meadows Racetrack and Casino in Pennsylvania Receives a New Identity

Western Pennsylvania's The Meadows Racetrack and Casino will be renamed and receive a new identity that gamblers will easily recognize. This casino is currently operated by the oldest gaming company in Pennsylvania - Penn National Gaming, which recently brought Barstool to the state. Penn took control of Meadows back in 2018 by acquiring Pinnacle…

Travel ・ 12 October 2021

RiverBender

DraftKings At Casino Queen Now Offers CQ Rewards

EAST ST. LOUIS - Now available at DraftKings at Casino Queen in East St. Louis and Casino Queen Marquette in Marquette, Iowa is an expanded and comprehensive gaming and retail rewards program, that enhances player experiences at slots, gaming tables, restaurants, and more. The rewards program, CQ Rewards, is through CQ Holding Company,…

Sports ・ 06 October 2021

Yogonet

Louisiana's Hollywood Casino breaks ground on project to move riverboat inland

he Hollywood Casino in Baton Rouge broke ground on Tuesday, August 10 on its project to move the riverboat operation onto dry land, becoming the first in Baton Rouge to take advantage of a 2018 law allowing Louisiana's riverboat casinos to carry out these relocations. The project, which has a starting budget of $60 million, will feature slots,…

Travel ・ 11 August 2021

Play Conan Video Slot

Super Slots Casino 300% up to $2000 Welcome Bonus! Sign Up to Play

The Nevada Independent

Indy Gaming: Major Strip casino operators snubbing downtown Chicago gaming project

Good morning, and welcome to the Indy Gaming newsletter, a weekly look at gaming matters nationally and internationally and how the events tie back to Nevada. If a colleague or associate emailed this newsletter to you, please to sign up and receive your own copy of Indy Gaming in your inbox. - Howard Stutz Chicago gave potential casino developers…

Sports ・ 11 August 2021

Review Journal

Bally’s name to soon grace a multitude of casino properties

Rhode Island-based Bally's Corp. has built name recognition through its recent launch of Bally Sports, company executives said Monday. Now the gaming company is moving on to its brick-and-mortar casinos. "In the next 12 months, all of our casinos other than Hard Rock Biloxi will be rebranded to'Bally's,' increasing the awareness of our brand and…

Sports ・ 10 August 2021

The Nevada Independent

Indy Gaming: Las Vegas left behind as Sands charts future in Macau, Singapore and online

Good morning, and welcome to the Indy Gaming newsletter, a weekly look at gaming matters nationally and internationally and how the events tie back to Nevada. If a colleague or associate emailed this newsletter to you, please to sign up and receive your own copy of Indy Gaming in your inbox. Las Vegas Sands is on its way to becoming just Sands. The…

NFL ・ 28 July 2021

WTOP

7 Best Gambling Stocks to Buy

Analysts recommend these gambling stocks in 2021. The gambling industry has been one of the hardest hit by the pandemic in 2020, and casinos were especially affected during the economic shutdown. Destinations such as Las Vegas and Macao have had a particularly difficult struggle due to travel restrictions. At the same time, the pandemic accelerated…

Top and Best ・ 27 July 2021

The Nevada Independent

MGM Resorts still the Strip’s largest casino operator, just not its biggest landowner

Nearly a decade ago, MGM Resorts International owned much of the Las Vegas Strip. The company controlled more than 800 acres along the resort corridor, much of which housed 10 Strip resorts, the 67-acre CityCenter complex, a 33-acre concert venue and 23 acres that became The Park dining and retail space and T-Mobile Arena. "It's a good time to be…

Travel ・ 26 July 2021

The Motley Fool

MGM Resorts Is Betting Big on Las Vegas

MGM Resorts (NYSE:MGM) has quietly made a very big bet on the future of the Las Vegas Strip, and it could determine the stock's performance long term. Not only did MGM recently agree to acquire the half of CityCenter that it didn't own for $2.125 billion, but it also agreed to sell CityCenter's real estate for $3.89 billion to funds managed…

Travel ・ 22 July 2021

Baystreet

Five Gambling Stocks Investors are Increasing their Bets On

Investors are betting big on gambling stocks again. After taking a hit with the pandemic, the casino industry is set to come back strong. In fact, according to analysts at Research and Markets, the global gambling market is expected to grow at a CAGR of about 10.8% to $516.04 billion this year, as reported by Insider Money. In addition, according…

Finance ・ 16 July 2021

Markets Insider

Analyst Cuts Price Targets For Wynn, Las Vegas Sands As Macau Gaming Recovery Lags

Gambling stocks have been a mixed bag for investors in 2021 given uneven trends in U.S. casino gambling, online sports betting and iGaming, as well as a sluggish recovery in the Macau, China market. On Thursday, one analyst cut price targets for two gaming leaders that are being dragged down by Macau. The Analyst: Bank of America analyst Shaun…

Incidents ・ 15 July 2021

Baystreet

Investors are Betting Big on a Potentially Massive Casino Comeback

Investors are betting big on casino stocks again. Just months after the pandemic drained the industry, millions of gamblers are coming back. It's why, according to the American Gaming Association (AGA), that gross gaming revenue for the first quarter toped $11 billion. In fact, as reported by Casino.org, "Despite the virus certainly not behind the…

Finance ・ 13 July 2021

Salamanca Press

Convenience One of the More Important Factors Contributing to Growth of Online Gambling

PALM BEACH, Fla., July 7, 2021 /PRNewswire/ -- Online and mobile wagering has grown dramatically during the pandemic and is projected to continue to grow over the several years to come. With the growing use of the internet, the growth rate of online casinos has increased significantly. In addition, growing awareness of the latest technologies and…

Lottery ・ 08 July 2021

Baystreet

The Major Catalysts That Have Investors Rolling the Dice on Casino Stocks

Months after being docked by the pandemic, cruises are back out to sea. All after the Centers for Disease Control and Prevention allowed them to sail again with strict safety protocols, as noted by CNBC. "Royal Caribbean Cruises was the first cruise operator to sail a ship from a U.S. port since the beginning of the pandemic when its Celebrity Edge…

Finance ・ 07 July 2021

Street Insider

Penn National Gaming Completes Acquisition of Hollywood Casino Perryville Operations

News and research before you hear about it on CNBC and others. Claim your 1-week free trial to StreetInsider Premium here. Accretive Acquisition Expands Penn National's Regional Gaming and Omni-Channel Platform to 20th State WYOMISSING, Pa. & PERRYVILLE, Md.--(BUSINESS WIRE)-- Penn National Gaming, Inc. (PENN: Nasdaq)("Penn National" or the…

Industry ・ 01 July 2021

Casino City Times

Penn National Gaming completes acquisition of Hollywood Casino Perryville

Industry ・ 01 July 2021

Gambling News

Tropicana Evansville Casino Opens 24/7 on Friday July 2

Tropicana Evansville will remain open for 24 hours a day, seven days a week, as of Friday, July 2, with all of its slot and table games available. After a year of adjusted hours due to the pandemic, Tropicana Evansville Casino will resume casino operations 24/7 on Friday, July 2. Tropicana Evansville Casino will open all of its table games and…

Travel ・ 29 June 2021

Stockhouse

As Pandemic Fears Fade, Gambling Stocks Betting on a Massive Comeback

With pandemic fears pulling back, casinos are wagering on a massive comeback. So far, it appears the industry is off to a good start, with U.S. commercial gaming revenue topping $11 billion in the first quarter of 2021, according to the American Gaming Association (AGA). "The revenue total marks a 4.1 percent increase over the industry's…

Covid ・ 25 June 2021

Maryland Reporter

Where to Play Blackjack in Maryland

Without a doubt, blackjack is the most popular casino table game ever. Its ruleset is super simple to master, and it has the lowest house edge (0.5%) of all the casino classics if you know how to use proper strategy. Though the origins of this exciting gambling game are a bit muddy, card historians tell us that it likely made its way onto US soil…

Blackjack ・ 25 June 2021

Casino Review

Bally’s to acquire Tropicana Las Vegas from GLPI

Bally's Corp is set to acquire the Tropicana Las Vegas from real estate investment trust Gaming and Leisure Properties in a $308m deal. The transaction is expected to close early next year. "Landing a preeminent spot on the Las Vegas Strip is a key step for us," George Papanier, Bally's president and CEO, said in a statement. Bally's - which is…

Travel ・ 17 June 2021

Delaware Business Now

Dover Downs owner Bally's engineers sale-leaseback of Delaware property's real estate

Dover Downs owner Bally'sCorporation has a lot on its plate these days, including a recent deal that offloads the Delaware casino's real estate. Gaming and Leisure Properties is buying the real estate associated withBally'sDover Downs casino for$144 million. The company will lease lease the property back toBally'sfor$12 millionper year, subject to…

Land-based ・ 15 June 2021

Review Journal

Tropicana Las Vegas owner reports solid first-quarter results

The 48 resort properties owned by Wyomissing, Pennsylvania-based Gaming and Leisure Properties Inc. are open and by next year more properties will be in the mix. Executives with GLPI, a gaming-focused real-estate investment trust affiliated with Penn National Gaming that is expected to become the new owner of the Tropicana on the Las Vegas Strip,…

Travel ・ 07 May 2021

Casino News Daily

Hollywood Casino Baton Rouge to Change Name when It Moves onto Dry Land

Hollywood Casino Baton Rouge will be rebranded as Casino Rouge when it moves onto dry land in February 2022, according to site plans presented last week by the casino's owner Gaming and Leisure Properties, Inc. (GLPI). The East Baton Rouge Parish Planning Commission is set to review the plans later today. Construction work on the relocation project…

Travel ・ 19 January 2021