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Penn National CEO Talks Q2 Earnings
Friday, August 7, 2020 - 2:26pm | 421Read More...Penn National Gaming, Inc (NASDAQ: PENN) reported second-quarter results that look much different than the prior quarter when all 41 of its properties were closed, Penn National Gaming CEO Jay Snowden said on CNBC. From 41 Shutdowns To 2: During Penn's second quarter, all but two of the...
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Why Las Vegas Buffets Still Offer An 'Amazing Experience'
Monday, July 6, 2020 - 11:30am | 614Read More...The vibrant city of Las Vegas came to a halt in March, and many wondered if it would look the same once it reopened. It would be reasonable to assume that the era of packed casinos, crowded clubs and pools and people grabbing food shoulder-to-shoulder ate one of the many buffets in Vegas...
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Las Vegas Casino Workers Sue Resort Owners Alleging Inadequate COVID-19 Safety Measures
Tuesday, June 30, 2020 - 8:57am | 427Read More...Casino workers are suing MGM Resorts International (NYSE: MGM) and Caesars Entertainment Corporation (NASDAQ: CZR), alleging failure to protect employees from the new coronavirus. What Happened On Monday, the workers filed a lawsuit in the U.S. District Court in Las Vegas claiming that...
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Buyout Hopes Raised As Blackstone Picks Up $360M Stake In Australian Casino Operator Crown
Wednesday, April 29, 2020 - 5:27am | 380Read More...Blackstone Group Inc. (NYSE: BX), a private equity company, has purchased a 10% stake in Australia based casino operator Crown Resorts, leading to a sharp spike in Crown’s shares. What Happened Blackstone acquired the stake from Macau based Melco Resorts & Entertainment Ltd. (NASDAQ: MLCO...
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MGM Resorts To Stop Serving Buffets In Las Vegas Properties Amid Coronavirus Outbreak
Tuesday, March 10, 2020 - 10:28pm | 390Read More...MGM Resorts International (NYSE: MGM) will stop serving buffets at all its properties in Las Vegas. What Happened MGM Resorts announced that all 9 of its properties, including MGM Grand, The Mirage, Luxor, Bellagio, and others, would stop serving buffets to customers starting Sunday reported Fox...
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Airlines, Casino Stocks Come Under Additional Pressure On Painful Data From China
Monday, March 2, 2020 - 10:45am | 2475Read More...Climbing out of this ditch is going to be an uphill battle. That’s the takeaway after a night when futures on the Dow Jones Industrial Average ($DJI) traded in a huge range of 1,000 points and struggled to find footing. Markets were all over the place overnight as people continue trying to...
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Genting Buys Out Empire Resorts At 15% Premium
Monday, August 19, 2019 - 10:41am | 370Read More...Kien Huat Realty III Limited and Genting Malaysia Berhad is acquiring the remaining shares of Empire Resorts, Inc. (NASDAQ: NYNY) for $9.74 in cash per share of common stock, The purchase price represents a premium of approximately 15% over the Aug. 16 closing price of Empire...
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Report: Caesars, Carl Icahn Getting Close On Deal, But Price Is Sticking Point
Tuesday, June 18, 2019 - 8:59am | 343Read More...Caesars Entertainment Corporation (NASDAQ: CZR) is looking to sell itself for $13 per share, but billionaire investor and major shareholder Carl Icahn is willing to accept a lower offer, according to the New York Post. What Happened Caesars received an offer to sell itself to rival casino company...
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Wynn Resorts Calls Off Merger Talks With Australia's Crown Resorts
Tuesday, April 9, 2019 - 10:15am | 395Read More...Casino operator Wynn Resorts, Limited (NASDAQ: WYNN) withdrew its A$10 billion ($7.1 billion) offer to buy Australia's Crown Resorts (OTC: CWLDF) after merger discussions were leaked in media outlets, CNBC reported. What Happened Wynn Resorts was looking to buy Crown, which would give it...
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Caesars Entertainment Plays Nice With Carl Icahn, Casino Operator's Stock Trades Higher
Friday, March 1, 2019 - 1:17pm | 420Read More...Activist investor Carl Icahn and gaming operator Caesars Entertainment Corporation (NASDAQ: CZR) reached an agreement Friday on the composition of the casino operator's board of directors. What Happened Icahn confirmed a 9.8-percent stake in Caesars in February and demanded the...
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Caesars Responds To Carl Icahn, Will 'Carefully Evaluate' Proposals
Wednesday, February 20, 2019 - 10:19am | 386Read More...Casino operator Caesars Entertainment Corporation (NASDAQ: CZR) responded Wednesday to activist investor Carl Icahn's demands for the company to explore strategic alternatives, including a potential sale of itself. Icahn's Stake Icahn confirmed prior media reports he controls a 9.8-percent...
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Carl Icahn Reportedly Takes New Stake In Caesars Entertainment
Friday, January 11, 2019 - 12:13pm | 335Read More...Caesars Entertainment Corporation (NASDAQ: CZR) shares were rallying Friday in reaction to a CNBC report that billionaire activist investor Carl Icahn may have taken a stake in the casino operator. What Happened Sources close to the matter told CNBC Icahn is accumulating shares in Caesars,...
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6 Reasons Why Deutsche Bank Is Bullish On Post-Bankruptcy Caesars Entertainment
Wednesday, September 5, 2018 - 3:16pm | 347Read More...Caesars Entertainment Corporation (NASDAQ: CZR), the casino and resort operator that emerged from bankruptcy in 2017, makes for an attractive investment, according to Deutsche Bank. The Analyst Deutsche Bank's Carlo Santarelli initiated coverage of Caesars Entertainment with a...
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Steve Wynn Steps Down As Chairman And CEO, Says 'Judgment Takes Precedence Over Everything Else, Including The Facts'
Wednesday, February 7, 2018 - 9:00am | 384Read More...Steve Wynn, chairman and CEO of Wynn Resorts, Limited (NASDAQ: WYNN), said he has resigned from the gaming company he founded. What You Need To Know Wynn came under fire after a Wall Street Journal report detailed allegations of sexual misconduct that spanned decades. The report said dozens of...
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Argus: Las Vegas Locals Will Drive Boyd Gaming Higher
Wednesday, January 17, 2018 - 11:19am | 428Read More...Boyd Gaming Corporation (NYSE: BYD) is an owner and operator of gaming entertainment properties in multiple states. The company's Las Vegas properties are mostly located away from the tourist Strip area, and this is a good thing, according to Wall Street's newest bull analyst. The Analyst...
