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State senator and gambling-law champion Joseph Addabbo talks about casinos coming to NYC [video]

January 7, 2023 - New York is officially accepting applications for three new casinos, which would include live table games and slot machines. The state’s Gaming Facility Location Board voted earlier this week to... Read more »

Wall Street Bets: Analyst take on Bally’s, US gaming trends, Golden Entertainment, Macau

March 18, 2024 - Standard General/Bally’s Jefferies’ David Katz March 18 reviewed Standard General’s offer to acquire Bally’s. “The terms of the latest proposal include purchasing all outstanding shares of Bally’s for $15 (below... Read more »

Penn touts ESPN partnership as it strengthens sports betting offerings

March 14, 2024 - Penn Entertainment CEO Jay Snowden Thursday, fresh from a sports betting launch in North Carolina, touted the company’s partnership with ESPN. He said it will improve when parlay offerings are... Read more »

More fallout, signs of life in the Nix gambling investigation

March 12, 2024 - Word broke early Tuesday that federal agents in the expanding investigation surrounding the network of illegal bookmaker Wayne Nix were in Las Vegas asking questions, according to a reliable source... Read more »

Wall Street Bets: Analysts take on casino foot traffic, Aristocrat/NeoGames, Las Vegas Strip room rates

March 11, 2024 - U.S. casino foot traffic In a March 7 note, Jefferies analyst Katz wrote that foot traffic at U.S. casinos in February was down by 1.1% year-over-year. “Additionally, compared with 2019,... Read more »

New York: Sen. Addabbo says online casino won’t make state budget

March 7, 2024 - New York online casino won’t make the state budget, likely ending chances for iGaming legalization in 2024. Speaking to PlayUSA after his panel Thursday at the iGaming NEXT Summit in... Read more »

Wall Street Bets: Everi/IGT, Melco, Boyd Gaming Golden Entertainment

March 4, 2024 - Everi/IGT The Feb. 29 announcement of Everi Holding’s merger with two International Game Technology units drew keen interest from analysts. “We’re positive on the longer term IGT/Everi merger opportunity, but think... Read more »

New York City: Resorts World Casino in Queens unveils $5B expansion proposal amid state license contest

February 29, 2024 - Resorts World Casino in New York York City unveiled a $5 billion expansion proposal on Thursday to bring an entertainment hub, concert hall and more to Southeast Queens — all... Read more »

New York: Sen. Addabbo to host virtual discussion for Problem Gambling Awareness Month

February 27, 2024 - As February turns to March, so too does attention to problem gambling, a subject that remains close to Sen. Joseph Addabbo. The topic is heavily addressed in any gambling-related legislation... Read more »

Analyst: Wynn Resorts a “compelling” value

February 27, 2024 - In an investor note released today, J.P. Morgan analyst Joseph Greff hailed Wynn Resorts as “one of the more compelling risk-rewards [scenarios] in our coverage universe.” He wrote that a... Read more »