MGM Buying Back $2 Billion of Its Shares
The repurchase is the second in less than a year and signals the bright future the resort giant sees as it completes some $6 billion in new resort development, remodelings and rebrandings. When all is said and done the company expects to have $5 billion in cash flow to invest by 2020.
Golden Nugget AC partners with Churchill Downs on online sports betting
Churchill Downs and Golden Nugget Atlantic City are teaming up on an online sports betting platform in New Jersey, which they hope to launch by early 2019. New Jersey, which led the push to repeal the federal sports betting ban, is trying to finalize regulations on gaming expansion.
Boyd Gaming Buys Illinois Route Operator
In a $100 million deal, Boyd Gaming will buy Lattner Entertainment, operators of “distributed gaming”—1,000 video gambling machines in 220 Illinois locations. Boyd Gaming President & CEO Keith Smith (l.) calls the acquisition “a valuable new avenue” for his company.
Massachusetts Removes Wynn’s Name From License
Steve Wynn (l.) has been removed from the license application of the Encore Boston Harbor as a “qualifier,” as the Wynn Resorts International completes its severing of all relations with its founder. The Massachusetts Gaming Commission accepted the company’s assertions that it no longer has ties to Wynn.
CaesarsCasino.com, HarrahsCasino.com offer hundreds of games, unique promotions
CaesarsCasino.com and HarrahsCasino.com are two of the best plays in New Jersey. The sites offer hundreds of slots and table games, as well as a host of deals, bonuses and other promotions.
WSOP.com’s Coast to Coast Classic offers 32 events for NJ, Nevada players
To celebrate the new online poker player sharing between New Jersey and Nevada, WSOP.com is hosting a special Coast to Coast Classic of poker tournaments. The event features 32 different tournaments and the chance to win $1 million in prize pools.
Borgata Linked Online Sites Launch Live Dealer Games in New Jersey
New Jersey online gambling sites linked to Atlantic City’s Borgata casino have quietly launched live dealer games in New Jersey. The sites BorgataCasino, playMGM and PartyCasino now offer the live games. Previously, only GoldenNugget.com (l.) and its affiliated Betfair.com offered live dealer games.
Pennsylvania Lottery adds keno, plans virtual sports betting, new app
The Pennsylvania Lottery has released keno as its first remote game, available at hundreds of retailers across the state. The lottery plans to roll out virtual sports betting and an iLottery app in the coming months.
New Jersey Surrenders to Leagues on Sports Betting Bill
The New Jersey legislature has considered a bill to set regulations for legalized sports betting should the state be successful in its Supreme Court challenge to PASPA.
Legal DFS Starts in Pennsylvania; Continues in Massachusetts
Pennsylvania’s daily fantasy sports regulations have gone into effect and six DFS operators are now taking licensed play in the state. The six companies applied to the state for DFS licensing and are now paying taxes on revenue. And Bay State legislators are poised to include revenues from daily fantasy sports in the state budget. This would require making the law that legalizes DFS permanent.
One Size Sports Betting Doesn’t Fit All
As the U.S. Supreme Court’s decision on lifting the federal sports betting ban draws closer, states are busily considering legislation to address the issue. The bills differ from state to state and frequently from other measures within the same state. Some states’ bills include major leagues’ 1 percent integrity fee while others reject it outright. And time is running out for most states.
Penn National Gaming Partners With Lightning Box
Penn Interactive Ventures, a subsidiary of Penn National Gaming has announced a partnership with slots developer Lightning Box. The deal will bring new titles to PNG’s portfolio of online social casino games.
