Lobbying firms in NYC made millions from casino hopefuls in 2025 Four of the top 10 lobbying spenders were entities behind downstate New York casino bids Last year’s competitive bid for the three downstate New York casino licenses lined the pockets of dozens of lobbying firms. An aerial view of New York City looking east…
Category: Commercial gaming
Your Doctor Asks About Alcohol and Tobacco Use. Should They Also Be Asking About Gambling?
Should a primary care doctor be asking about gambling? The National Council on Problem Gambling thinks so Gambling participation in the United States is at a record level. While tobacco use and alcohol consumption are dwindling, should primary care doctors be more on the lookout for gambling disorders, which health experts say can lead to…
Kalshi Launches Market on Caesars Takeover Odds as Buyout Speculation Builds
Prediction market operator will hang a market on Caesars potentially being acquired Rumors to that effect emerged last week There’s talk of a management-led buyout and Tilman Fertitta being involved Thanks to Kalshi, the Caesars Entertainment (NASDAQ: CZR) takeover rumor got a little extra spice because the prediction market operator is hanging a market on…
Chicago-Area Racetrack Hawthorne Files For Bankruptcy, Lists Up to $500M in Liabilities
Hawthorne files Chapter 11 with liabilities up to $500M Illinois Racing Board halts racing after bounced purse checks Fanatics owed $8.75M as racino project remains stalled The stricken Hawthorne Race Course near Chicago filed for Chapter 11 bankruptcy Friday, listing estimated assets of between $50 million and $100 million and liabilities of between $100 million…
Bally’s Acquires Bronx Casino Land for $156.6 Million
Bally’s buys 16 acres on which a casino hotel will be built The land is part of acreage currently occupied by a golf course Company plans to spend $4 billion on Bronx casino project Bally’s reportedly now has control of 16 acres of Bronx, NY parkland essential to its plans to build a casino hotel…
Las Vegas Woes Continue, Casino Execs Say Fears Overblown, Nevada Dems Blame Trump
Las Vegas Strip revenue was down double digits in January 2026 Tourism numbers continue to indicate fewer people are visiting Las Vegas Casino execs say fears about the destination are overblown Las Vegas began 2026 where it left 2025: slow. A “Welcome to Fabulous Las Vegas” sign greets travelers inside Harry Reid International Airport. Las…
Bally’s, Already Behind Multibillion-Projects in Chicago, Las Vegas, and New York, Wants to Bet on Japan
Bally’s is keeping tabs on Japan If the country reopens bidding, expect a tender from Bally’s Bally’s is heavily leveraged in the US and Australia Bally’s Corporation has several billion dollars of investment projects in its development pipeline. The Rhode Island-based company, backed by billionaire hedge funder Soo Kim, wants more. Oakland A’s owner John…
Caesars Considering Buyout Bids, Including One From Tilman Fertitta
Caesars stock surged late Thursday amid reports multiple bidders are eyeing the company One of the prospective buyers is rumored to be Tilman Fertitta Other Las Vegas casino stocks moved higher in sympathy On the back of a late-day rally, shares of Caesars Entertainment (NASDAQ: CZR) gained 19.11% today on volume that was more than…
VICI Properties Mum on Caesars Regional Casino Negotiations
Casino REIT didn’t have much to say regarding talks with tenant Caesars VICI CEO says company is looking for “win-win” solution Weakness at Caesar regional casinos has been a problem for VICI stock Perhaps disappointing investors in both companies, VICI Properties’ (NYSE: VICI) fourth-quarter earnings conference call didn’t include much of an update on negotiations…
Louisiana Purchase: Bally’s Buys Boyd Shreveport Casino
Boyd is selling Sam’s Town Hotel & Casino in Shreveport, to Bally’s Financial terms not disclosed Deal expected to close in third quarter Boyd Gaming (NYSE: BYD) said today it reached an agreement to sell the Sam’s Town Hotel & Casino in Shreveport, La. to Bally’s. Sam’s Town Shreveport. Boyd Gaming is selling the casino…