Churchill Downs Inc. is divulging details as to why it believes spending nearly $2.5 billion to acquire casino operator Peninsula Pacific Entertainment (P2E) is a sound bet. It largely has to do with the Colonial Downs Racetrack in New Kent, Virginia. Speaking with the Richmond Times-Dispatch, Churchill Downs CEO Bill Carstanjen says despite horse racing’s […]
Efforts in West Virginia to allow each of the state’s five commercial casinos to potentially build smaller satellite gaming venues is dead for 2022. Senate Bill 100 was introduced in February by state Senator Eric Nelson (R- Kanawha). The measure would have allowed casinos in West Virginia to seek secondary gaming locations. That’s so long […]
Sports bettors in the UK and Ireland (and even non-bettors) have a new option to add to their gaming list. BetVictor has created a Pick 6 option for the English Premier League and the Champions League. Soccer continues to be the go-to sport for a significantly large portion of the global betting community. BetVictor is […]
Pennsylvania-based Penn National Gaming (PNG) has prompted speculation that it is mulling a corporate identity overhaul. The company recently filed 15 trademark applications for “Penn Entertainment” and “Penn Entertainment & Media.” Trademark attorney Josh Gerben broke the news that PNG could be seeking a rebranding. Penn National Gaming appears to be headed for a rebrand. […]
The Seminole Tribe of Florida is running a television commercial campaign thanking voters in the Sunshine State for continuing to support the Native American group’s economic sovereignty. In a spot titled simply “Thank You,” the Seminoles celebrate their longstanding partnership with the State of Florida. The tribe highlights unsuccessful recent efforts by outside gaming interests […]
Century Casinos (NASDAQ:CNTY) stock tumbled on Tuesday after the regional casino operator delivered estimate-lagging fourth-quarter results. But some analysts are defending the shares, saying the pullback could be a buying opportunity. In a note to clients, B. Riley analyst David Bain reiterates a “buy” rating on Century, with a $24 price target. That’s more than […]
The Russian invasion of Ukraine continues, but so does the global support to fight it. The gaming industry is repeatedly showing its support, with millions of dollars in financial contributions pouring in. There are several initiatives underway to help Ukraine fight. In addition to weapons, fighters and refuge, financial contributions are pouring in as well. […]
The nation’s leading casino union has come out in opposition to efforts in Richmond, Virginia, to ask city residents again to authorize a commercial gaming resort. Unite Here Local 25 represents some 7,500 workers in the hotel, restaurant, and casino industries in the DC metro, including in Northern Virginia. The trade group is part of […]
Cyprus used to be in love with Russians. However, after the country invaded Ukraine, the relationship has fractured and Cypriot casinos may pay the price. Cyprus figured out long ago that, for some reason, it was particularly interesting to Russians. It may have been because of the warm Mediterranean weather, the beaches or the popular […]
Sweden’s gaming industry had a good year last year. With the final numbers in place, the sector took in $2.67 billion in revenue. Sweden’s gaming regulator, Spelinspektionen, just reported the country’s gaming figures for 2021, and things are looking good. Online gaming in the country was up 6% more in 2021 than the previous year. […]
The Norfolk Boxing and Fitness Center, located inside Harbor Park, could become the site of the Virginia city’s first commercial casino. Norfolk is one of five cities that qualified under 2020 legislation to consider a commercial casino development. Virginia decided to end its decades of prohibiting nearly all forms of gambling in an effort to […]
Century Casinos (NASDAQ:CNTY) delivers fourth-quarter results tomorrow, and ahead of that report, an analyst is waxing bullish on the small-cap regional casino operator. In a note to clients, Stifel analyst Jeffrey Stantial reiterates a “buy” rating on Century, while boosting his price target to $24 from $19, implying the stock can more than double from […]
