Tagged presque isle downs and casino

Pennsylvania records improved May casino gross gaming revenues

June 20, 2019

Latest Casino and Gambling News, Economy/Finance, Sports betting, Pennsylvania

May was a good month for almost all of the twelve casinos in Pennsylvania as the state managed to record a 2.59% increase year-on-year in aggregated gross gaming revenues to almost $286.14 million. Table gam...

December sportsbetting revenues skyrocket in Pennsylvania

Adam Morgan

January 24, 2019

Latest Casino and Gambling News, Economy/Finance, Online Gambling News, Sports betting, Fantasy Sports, Pennsylvania

In Pennsylvania, the premiere of two additional casino-based sportsbooks helped to push December statewide aggregated gross revenues from sports wagering up by just over 294% month-on-month to slightly over $2 ...

Churchill Downs Inc. completes acquisition of Presque Isle Downs and Casino

K Morrison

January 17, 2019

Latest Casino and Gambling News, Casino News, Mergers, Acquisitions & Partnerships, Pennsylvania

After in July 2018, terminating the sale of Mississippi’s Lady Luck Casino Vicksburg to Churchill Downs Inc. (CDI) (Nasdaq:CHDN) due to antitrust concerns, the Louisville-headquartered company recently announce...

Sportsbetting interests Presque Isle Downs and Casino

Adam Morgan

January 9, 2019

Casino Sales, Latest Casino and Gambling News, Casino News, Licenses, Online Gambling News, Sports betting, Mergers, Acquisitions & Partnerships, Pennsylvania

In Pennsylvania, Presque Isle Downs and Casino is reportedly eager to add a sportsbook to its current portfolio of approximately 2,000 slots and 32 gaming tables and hopes to be able to start the required licen...

Pennsylvania casinos post slight rise in November slot revenues

Adam Morgan

December 5, 2018

Latest Casino and Gambling News, Casino News, Economy/Finance, Pennsylvania

The twelve casinos in Pennsylvania recorded an almost 1% increase year-on-year in aggregated gross gaming revenues from the play of slots for November as the monthly tally exceeded $183.06 million. October c...

SugarHouse Casino applies for sportsbetting license

Adam Morgan

October 1, 2018

Latest Casino and Gambling News, Licenses, Online Gambling News, Sports betting, Pennsylvania

In Pennsylvania, SugarHouse Casino has reportedly become the third casino in the Philadelphia area to formally apply for a license that would permit it to operate a land-based sportsbook. Application lodged ...

Churchill Downs and Eldorado Resorts cancel sale of Mississippi casino

K Morrison

July 10, 2018

Casino Sales, Latest Casino and Gambling News, Casino News, Mergers, Acquisitions & Partnerships, Mississippi

After announcing in late February that it had agreed a deal that would see it spend $229.5 million to acquire the Presque Isle Downs and Casino in Pennsylvania and Mississippi’s Lady Luck Casino Vicksburg (pict...

Churchill Downs Incorporated inks deal to buy two casino properties

Adam Morgan

March 1, 2018

Casino Sales, Latest Casino and Gambling News, Casino News, Mergers, Acquisitions & Partnerships, Mississippi, Pennsylvania

American casino operator Churchill Downs Incorporated has announced the signing of an agreement that will see it spend $229.5 million in order to acquire the Presque Isle Downs and Casino in Pennsylvania as wel...

Pennsylvania casinos report mixed November results

Adam Morgan

December 20, 2017

Latest Casino and Gambling News, Economy/Finance, Pennsylvania

The twelve casinos in Pennsylvania reportedly recorded a 1.57% increase year-on-year in aggregated gross gaming revenues for November to just over $253.56 million with Montgomery County’s Valley Forge Casino Re...

Pennsylvania casinos helped by April table games performance

Adam Morgan

May 17, 2017

Latest Casino and Gambling News, Economy/Finance, Pennsylvania

April was an extremely good month for some of the twelve casinos in Pennsylvania as the venues recorded a 1.4% rise in aggregated gross gaming revenues to just over $285.24 million. According to official fig...

Las Vegas Sands Corporation reaches deal to sell Sands Casino Resort Bethlehem

Adam Morgan

March 9, 2017

Casino Sales, Latest Casino and Gambling News, Casino News, Mergers, Acquisitions & Partnerships, Pennsylvania

In Pennsylvania, Las Vegas Sands Corporation has reportedly reached a deal in principle to offload its Sands Casino Resort Bethlehem to rival casino operator MGM Resorts International for around $1.3 billion. ...

MGM Resorts International interested in buying Sands Casino Resort Bethlehem

Adam Morgan

March 6, 2017

Latest Casino and Gambling News, Casino News, Mergers, Acquisitions & Partnerships, Pennsylvania

American casino giant MGM Resorts International has reportedly emerged as the mysterious party that last week entered into talks with rival Las Vegas Sands Corporation about the possibility of purchasing the Sa...

Late-January vote for Eldorado Resorts Incorporated takeover plan

Adam Morgan

January 6, 2017

Latest Casino and Gambling News, Mergers, Acquisitions & Partnerships, Nevada

Shareholders for American casino operator Eldorado Resorts Incorporated will reportedly meet later this month to approve the $1.7 billion acquisition of rival Isle Of Capri Casinos Incorporated. According to...

Mountaineer Casino Racetrack And Resort hurt by growing competition

Adam Morgan

December 3, 2016

Latest Casino and Gambling News, Economy/Finance, West Virginia

In West Virginia, profits at the Mountaineer Casino Racetrack And Resort have reportedly dropped to less than half their 2014 levels due to the recent implementation of an indoor smoking ban and ever-rising com...

Erie County Council formally asks state legislature to repair gaming law

Sadonna Price

October 11, 2016

Latest Casino and Gambling News, Gaming Law & Legislation, Economy/Finance, Pennsylvania

In late September, the Supreme Court of Pennsylvania decided to rule that host fees paid by the casinos statewide should be removed. This decision has scared local governments as the counties and municipalities...