Casino
March 27, 2020
Eldorado Faces $2.3M Per Day Ticking Fees For Missing The Deadline
Recently, the American Gaming Association announced all commercial casinos in the US have temporarily closed, in response to the coordinated effort to stop the coronavirus /Covid-19/ infection from spreading further by cutting its transmission from one person to another. Tribal casinos were following suit, leaving the whole casino industry in a standstill, and raising some […]
Legal
February 29, 2020
Maryland Becomes The Next State To Approve Eldorado-Caesars Merger
Eldorado Resorts continue to get state regulators’ approvals, with Maryland being the latest to signal the green light for the mega-merger deal with Caesars Entertainment to go ahead. Another State’s Approval The $17.3 billion merger deal between Eldorado Resorts and Caesars Entertainment that is expected to create the largest casino operator in the U.S. is […]
Business
February 26, 2020
Caesars Entertainment Posted $1.2B Net Loss In Fiscal 2019 Year
Caesars Entertainment Corporation reported today results from the fourth quarter of 2019, as well as results for the full fiscal 2019 year ending June 30, and despite an increase in net revenues, the net result of $1.2 billion loss marks a significant drop in profitability for the largest casino operator in Nevada. Q4 Up But […]
Casino
February 23, 2020
Eldorado Might Sell Several Caesars Las Vegas Strip Properties
Eldorado is rumoured to be considering the sale of some properties within the Caesars Palace on the Las Vegas Strip, after the merger between the two rival companies is finalized later this year. Sales Of Assets The $17.3 billion acquisition of Caesars Entertainment by its rival in the casino and hospitality industry, Reno-based Eldorado Resorts, […]
Business
February 12, 2020
Kindred Group Signs Deal with Caesars Entertainment
Kindred Group, the operator of the Unibet brand, continued its expansion in the U.S., entering Iowa and Indiana after signing an agreement with Caesars Entertainment to roll out sports betting and online gaming services for the casino operator in both states, subject to the passage of the respective laws and contingent on the necessary regulatory […]
Legal
February 3, 2020
Tennessee Sports Betting Rules Spark Controversy
Almost 9 months after the bill legalizing online sports betting in Tennessee has become law, even without the explicit consent of the state Gov. Bill Lee, the state regulatory body, the Tennessee Lottery is still to approve final rules for licensing and operation, and its latest approach to seek industry expert opinion by opening the […]
Business
January 22, 2020
Louisiana Gaming Regulator Gives The Go-Ahead To Eldorado-Caesars Merger
After the approval of the regulatory body in Missouri in December 2019, now the merger between Eldorado Resorts, Inc. and Caesars Entertainment has been given the green light from the Louisiana Gaming Control Board. Initially announced in June 2019, the $17.3 billion cash-and-stock deal is about to create one of the largest casino operators in […]