Management News

Massachusetts voters can decide casino issue, court rules
25 Jun 2014

The state’s highest court said Tuesday voters can ultimately decide if Massachusetts can have gaming.

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Cyprus Government Lottery awards one-year extension to exclusive instant ticket contract with Pollard Banknote
18 Jun 2014

Under the contract extension Pollard Banknote remains the Lottery's exclusive supplier of instant scratch tickets and related services.

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Penn National sees trouble on the horizon
9 Jun 2014

Penn National Gaming’s Hollywood Casino at Charles Town Races is feeling the brunt of neighboring Maryland’s gaming expansion, even though the state’s two newest casinos have yet to open.

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Two downtown Boyd casinos reach deal with Culinary, Bartender unions
27 May 2014

Culinary Workers Local 226 and Bartenders Local 165 said Tuesday it reached agreements on new five-year contracts covering non-gaming workers at the Fremont and Main Street Station, which are are owned by Boyd Gaming. The agreements still need to be ratified.

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Pinnacle drops New York casino bid
22 May 2014

Regional casino operator Pinnacle Entertainment withdrew from consideration for one of four gaming licenses in New York, state gaming officials announced late Tuesday.

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Cannery Casino Resorts sells Pennsylvania racetrack casino
16 May 2014

The transaction, announced Wednesday, is subject to regulatory approval and expected to close by the end of the year.

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Cosmopolitan of Las Vegas sold to Blackstone Group for $1.73 billion
16 May 2014

The deal is subject to approval of Nevada gaming regulators.

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Inside Gaming: Weight of debt will not go away
13 May 2014

Last Tuesday, Caesars announced a five-step plan for eliminating the company’s 2015 financial obligations and reduce the upcoming debts due in 2016 and 2017.

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Downtown Las Vegas events help drive Boyd Gaming properties to best quarter since 2009
2 May 2014

The Las Vegas-based company said Wednesday it had its best first quarter in five years from Main Street Station, Fremont and California Club, all of which benefited from a cavalcade of market-changing events downtown.

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Q&A with Paul Chakmak, executive vice president and chief operating officer at Boyd Gaming Corp.
29 Apr 2014

Chakmak's pre-Boyd banking experience — which focused on debt and leverage financing — comes in handy for discussions at board meetings.

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What is Strip land worth? Echelon deal offers ideas
28 Apr 2014

The sale by Boyd Gaming Corp. of the 87-acre Echelon site to the Genting Group for $350 million gave analysts an idea of what property on the Strip might be worth in today’s market.

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Penn National Gaming again views expansion on Strip
25 Apr 2014

Penn National Gaming, which owns M Resort, is again looking at the Strip for possible expansion opportunities.

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N.Y. investment fund proposes REIT for Pinnacle casino holdings
22 Apr 2014

Orange Capital said it believes Pinnacle could be more valuable to shareholders by splitting the company into a trust.

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IGT announces first multistate progressive jackpot network
14 Apr 2014

The initial networks involve casinos operated Caesars Entertainment Corp. and Boyd Gaming Corp.

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Regional gaming operators hope end of winter will nurture warmer financial figures
14 Apr 2014

Weather issues kept casino patrons at home in several states where companies such as Penn National Gaming, Isle of Capri Casinos, Pinnacle Entertainment and Boyd Gaming Corp. derive the bulk of their quarterly revenue.

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