Oaktree Capital Offer Would Buy James Packer Out of Crown Resorts for $2.3 Billion
Oaktree Capital Management wants to help Crown Resorts buy out its biggest shareholder James Packer. Crown announced Monday morning that the private equity giant has proposed funding a A$3 billion (US$2.3 billion) deal to acquire Packer’s 37 percent stake. Doesn’t need the stress: James Packer has largely retired from business life because of mental health […]
G2E Organizers Optimistic Attendees Can Return to Las Vegas for 2021 Expo
The 2021 Global Gaming Expo (G2E) is still about six months away. However, signs are pointing in the right direction that the annual gaming industry event will be able to return to its live, in-person format in Las Vegas this year, albeit with some COVID-related enhancements. Attendees walk the hallway leading to the 2019 Global […]
Cryptocurrencies will bring people together, Wyoming senator says
Federals laws on bitcoin and other cryptocurrencies are not likely to come in the next couple of years. This according to U.S. Senator Cynthia Lummis of Wyoming. Lummis was interviewed by MarketWatch and called Bitcoin a solid store of value that is currently at the center of mainstream attention Backing up her claim, the senator […]
Louisiana Casino Theft Leads to Suspect Crashing Car, Hospitalization
A 22-year-old man allegedly scooped up $1,300 from a cash register at a Duson, La. gaming property over the weekend. It was his third theft from the same casino, but this time after fleeing he crashed his car and wound up in a hospital, police reveal. Police stand by a crashed car. The driver of […]
Station Casinos’ Pandemic Labor Practices Chastised in Labor Board Regional Complaint
A National Labor Relations Board (NLRB) recent regional complaint has sided with unions regarding Station Casinos’ actions toward its workers during the coronavirus pandemic. But parent company Red Rock Resorts rejected the NLRB allegations. Geoconda Arguello-Kline, secretary-treasurer of the Culinary Union, shown here. The union has warned Station Casinos about future actions after a regional […]
Louisiana’s Wild Fire Casino Gunfire Leads to Arrest of Alleged Shooter
Louisiana’s Wild Fire Casino was the site of a shooting spree late last week in front of the building. The alleged shooter, Kewondrick Hays, 22, was arrested on Saturday. Kewondrick Hays, 22, shown here. Hays was arrested Saturday for allegedly shooting at Louisiana’s Wild Fire Casino. (Image: WBRZ) He was charged with two felonies, according […]
Coinbase CEO and other insiders sold $5 billion in shares on first day of trading
$5 billion in shares were sold by Coinbase insiders and investors during COIN’s first day of trading on the Nasdaq earlier this week. This according to filings made Friday with the U.S. Securities and Exchange Commission. Coinbase Chief Executive Officer Brian Armstrong sold 749,999 shares in three batches at prices ranging from $381 to $410.40 per for […]
A sudden overnight crash for Crypto markets
The crypto markets have stumbled overnight. This amid rumors that the U.S. Treasury Department are looking into financial institutions who may have used digital assets to launder money. FXHedge, a popular Twitter account was first to report on the threat and send an alert out to 122,700 followers. Although the Tweet did not name any […]
Kentucky Starts Court Action to Get Money from Flutter in $1.3B Poker Case
A hearing will take place Monday in Frankfort, Ky., as the state of Kentucky continues its effort to claim a $1.3 billion ruling from a Flutter Entertainment subsidiary over an online poker lawsuit that’s lasted over a decade. Kentucky Gov. Andy Beshear speaks at a COVID vaccination event in Lexington in February. His administration is […]
Most Sports Betting is Online, As More States Plan to Go Mobile
More than 80 percent of legal sports betting in the US is done online. That could go higher, as a half dozen more states are expected to approve online wagering this year. Two customers view the odds on live games at a casino sportsbook. Most sports betting in the country now occurs on mobile devices, […]