Summary: The Shoshone-Paiute Tribes of the Duck Valley Reservation intends to build a new casino in Idaho. Sho-Pai has partnered with Coeur d’Alene, the tribe that will fuel the project upfront and oversee its development and management. The project envisions a development spread across 557 acres, with around 40 used for the casino. A third […]
Summary: A new bill could let Gulfstream Park run its casino without hosting live racing. Passed its first challenge in the Florida House of Reps on Wednesday. Approved by the Subcommittee with a 14-4 vote. Legislation in Florida that would allow Gulfstream Park to operate its casino without the requirement to host live racing took […]
Summary: LVS is facing increasing concerns about online gaming. Concerns are tied to its recent plan for a $6bn resort on Long Island, New York. CEO Rob Goldstein addressed related key challenges during the fourth-quarter earnings call. While focused on its global growth, with emphasis on Macau and Singapore, the leading developer and operator of […]
Summary: A federal judge ruled against Graton Rancheria’s request to delay the Koi Nation’s proposed resort-casino project, The decision allowed the approval process to proceed, marking a significant win for the Koi Nation and a setback for opponents. Construction near Windsor could begin in 2026 and last two years. A federal judge has ruled against […]
Summary: Virginia lawmakers Senate Majority Leader Scott Surovell’s proposal to build a casino in Fairfax County’s Tysons area. The legislation would authorize a referendum, allowing Fairfax County voters to decide on the project. The plan includes a hotel, concert venue, and convention center alongside the casino. With Virginia lawmakers preparing for the 2025 legislative session, […]
Summary: Stocks of digital-first gaming companies declined less than those of traditional casino operators. Companies with heavy international operations were hit the hardest. Investors confident in U.S.-based operators with an online focus. President Donald Trump’s announcement regarding new tariffs on foreign goods has started to ripple through the stock market. As expected, casino operators are […]
Summary: Fitch Ratings has lowered Bally’s credit score from “B” to “B-.” The call comes amid concerns regarding its Chicago casino plans. Despite its cash reserves and important funding from GLPI, Bally’s is looking at important long-term obligations. NYSE-listed Bally’s Corporation has recently faced an important credit rating decrease from “B” to “B-”. Fitch Ratings, […]
Summary: Resorts World Las Vegas has announced its plans to restructure some of its operations. The decision has led to roughly 50 employees being laid off, according to a company statement. Resorts World currently faces a $10.5 million fine for allegedly accepting bets from convicted felons and illegal bookmakers. The first integrated resort to make […]
