This week, Nintendo shocked the gaming industry when it announced a partnership with DeNA, a company that makes free-to-play games for mobile phones. Historically, Nintendo has been resistant to releasing their well-known games on mobile devices, so the partnership represents a possible shift away from games that are exclusive to Nintendo’s gaming consoles.
Some people call Steve Miller the space cowboy. Others just call him the gangster of love.
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Now, however, with 70% of its sales coming from the region and the industry itself experiencing a significant decline, investors may want to be wary. Add to this the relatively hefty multiple, and it’s unlikely that the business will appeal much to a traditional value investor.
That was the financing vehicle of choice for the star-crossed Lawrence Downs Casino and Racing Resort, a proposed $225 million track near New Castle, Lawrence County. Plans to build that track blew up on Monday when the two development partners, Philadelphia investment group Endeka Entertainment and U.S. casino giant Penn National Gaming, sued each other.
Imagine Dragons, from left, Wayne Sermon, Dan Reynolds, Daniel Platzman and Ben McKee, attend Vegas Magazine’s party Monday, March 30, 2015, at the Four Seasons. Imagine Dragons, from left, Daniel Platzman, Wayne Sermon, Dan Reynolds and Ben McKee, attend Vegas Magazine’s party Monday, March 30, 2015, at the Four Seasons.
Officials at the Pennsylvania Lottery are exploring an idea being tested in other states that allow lottery ticket sales to be sold at the gas pump, as one idea for increasing ticket sales to help grow the profits that pay for senior citizen programs. Imagine being able to buy lottery tickets at the pump while gassing up the car.
U.S. Sen. Bernie Sanders, an independent populist who may challenge Hillary Clinton for the Democratic presidential nomination, said Tuesday in Las Vegas that if he runs it will be to take on “the billionaire class” that’s getting richer while America’s middle class is in decline, with more people living in poverty. “Not only are we not winning the fight, we are losing the fight,” the Vermont senator said in a fist-pumping speech at a packed Culinary Local 226 union hall where workers cheered him on.
An Atlanta man has won a Georgia Lottery promotional game and will take home a cash prize of just over $12,000. According to the Georgia Lottery, Edward Sons, 33, won the most recent Play It Again Reloaded Second Chance Promotion and was awarded the chance to spin the wheel and win anywhere from $5,000 to $1 million in cold hard cash.
Members of Imagine Dragons, from left, Wayne Sermon, Dan Reynolds, Daniel Platzman, and Ben McKee on hand for the magazine’s cover-story party at Four Seasons in Las Vegas on Monday, March 30 2015. Members of Imagine Dragons, from left, Daniel Platzman, Wayne Sermon, Dan Reynolds and Ben McKee are pose with the Vegas magazine cover story written by John Katsilometes.
‘s stock had its “outperform” rating reaffirmed by equities researchers at Sanford C. Bernstein in a research report issued on Tuesday. They currently have a GBX 1,700 target price on the stock.
Due to plummeting gaming revenue in Macau, shares of Melco Crown have taken a beating over the past year, falling by around half its late March 2014 share price. Some investors may find it an attractive turnaround play but with a high P/E and significant downside potential in Macau’s gaming market due to weak housing, things appear risky.
The House Subcommittee on Crime, Terrorism, Homeland Security, and Investigations held a hearing last week to consider bill HR 707, the “Restoration of America’s Wire Act,” or RAWA. The proposed bill would prohibit most types of online gambling, whether or not they have been legalized and regulated by any state.
Radford University is in the market for a new president. After nearly 10 years at the helm, President Penelope W. Kyle plans to retire on June 30, 2016, two years earlier than expected.
Prospects for legalizing casino gambling in Japan suffered another blow on Monday as proponents said they would delay a bill allowing full-scale resorts as the ruling coalition remains divided on the controversial measure. Pro-casino lawmakers had said last week they would resubmit a previously failed bill by Tuesday, the end of the fiscal year.
Penn National Gaming Incorporated announced today that it has withdrawn from the proposed Lawrence Downs Casino and Racing Resort Project.
Casino City Press today announced the release of the 2015 edition of Casino City’s Indian Gaming Industry Report – the most comprehensive, up-to-date study of Indian gaming available – authored by Dr. Alan Meister, an economist with Nathan Associates Inc., who has done extensive research and analysis on Indian gaming issues.
The first time Megan Phelps-Roper came to Las Vegas, it was May 2004 and she was here to picket a live recording of the Howard Stern show at the Hard Rock Hotel. Standing beside her two younger siblings, 18-year-old Phelps-Roper wore a T-shirt emblazoned with the phrase for which her family is most famous: God hates fags.
Two officials at the state agency overseeing gambling disclosed they had conflicts of interest recently when it came time to decide on a matter affecting a former official who has gone to work for the gaming industry. Robert Lytle, the former chief of the state gambling enforcement unit, went on to build a successful business consulting for card rooms across the state after leaving his state job in 2007.
Next time Rick Springfield wants to buy a gun, maybe he should start talking cute instead. And save the receipt.