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PENN Entertainment Celebrates the Official Opening of Second Hotel Tower at M Resort Las Vegas
Businesswire· 2025-12-01 17:30
Dec 1, 2025 12:30 PM Eastern Standard Time PENN Entertainment Celebrates the Official Opening of Second Hotel Tower at M Resort Las Vegas Share M Resort is the Second of PENN's Five Growth Projects to be Completed WYOMISSING, Pa. & HENDERSON, Nev.--(BUSINESS WIRE)--PENN Entertainment, Inc. (Nasdaq: PENN) ("PENN†or the "Company†) is pleased to announce that the second hotel tower at M Resort Spa Casino Las Vegas ("M Resort†) has officially opened. The project was completed on budget and ahead of time. Th ...
theScore Bet Now Live In 21 U.S. Jurisdictions
Businesswire· 2025-12-01 15:49
Dec 1, 2025 10:49 AM Eastern Standard Time theScore Bet Now Live In 21 U.S. Jurisdictions Share PENN Entertainment Completes Rebrand of U.S. Online Sports Betting Platform to theScore Bet; Launches Sports Betting in Missouri WYOMISSING, Pa.--(BUSINESS WIRE)--PENN Entertainment, Inc. (Nasdaq: PENN) ("PENN†or the "Company†) announced today that it has completed the rebrand of its online sports betting (OSB) platform to theScore Bet and has successfully launched its OSB product in Missouri. Existing customer ...
Caesars Sportsbook Launches Mobile and In-Person Sports Wagering in Missouri
Businesswire· 2025-12-01 06:19
Core Insights - Caesars Sportsbook has launched mobile and in-person sports wagering in Missouri, marking a significant expansion for the company in the sports betting market [1][2] - The launch includes exclusive offers for new users and a chance to win a VIP Super Bowl weekend in Las Vegas, enhancing the customer experience [4][5] Company Overview - Caesars Entertainment, Inc. is the largest casino-entertainment company in the US, operating under various brand names and offering a wide range of gaming and hospitality services [9] - The company emphasizes responsible gaming and has a long-standing commitment to educating players about responsible gambling practices [7][8] Product Features - The Caesars Sportsbook mobile app offers a comprehensive wagering experience, including Same Game Parlays, player props, futures, and live in-play markets [5] - Built-in responsible gaming tools are included in the app to ensure a safe betting environment for users [5] Promotions and Offers - New users in Missouri can receive $150 in Bonus Bets if their first bet of $5 or more wins [4] - The "Party Like a Caesar Super Bowl Promotion" allows users who place a qualifying bet to enter for a chance to win a VIP experience during the Super Bowl [4][11] Technological Advancements - Missouri is the first state where Caesars Sportsbook has launched with Universal Digital Wallet functionality, allowing seamless deposits and withdrawals across state lines [2] - The Universal Digital Wallet is now live in 24 states, with plans for further expansion [2] Customer Loyalty Program - Users can earn Tier Credits and Reward Credits through their wagering activity, redeemable for various experiences and discounts at Caesars destinations [6] - The Caesars Rewards program is designed to enhance customer engagement and loyalty [6]
Caesars Entertainment and Monmouth Park Unveil All-New Trackside Caesars Sportsbook
Businesswire· 2025-11-21 03:20
Core Insights - Caesars Entertainment and Monmouth Park have opened a new 16,000-square-foot trackside Caesars Sportsbook, enhancing the sports wagering experience in New Jersey [1][2][3] Venue Features - The sportsbook includes extensive indoor and outdoor viewing areas, wall-to-wall video displays, over 25 self-service betting kiosks, a central bar, and a VIP section [2] - A Shake Shack restaurant is integrated within the venue, offering a full menu including ShackBurgers and crinkle-cut fries [2] Historical Context - The opening of this sportsbook marks a significant milestone as Monmouth Park was the first location in New Jersey to accept legal sports wagers in 2018, following the repeal of PASPA [3] Strategic Goals - Caesars aims to attract new fans from the Jersey Shore and beyond, supporting the growth of horse racing in New Jersey [3] - The partnership with Monmouth Park is part of a broader strategy to position the racetrack as a premier entertainment and gaming destination [3] Digital Integration - Sports fans in New Jersey can access the Caesars Sportsbook & Casino app, which offers a wide range of betting options, live streaming of events, and responsible gaming tools [4] Responsible Gaming Commitment - Caesars Entertainment has a long-standing commitment to responsible gaming, having launched the first Responsible Gaming program in 1989 and continuing to promote awareness and education [5][7]
Missouri Sports Fans Can Now Register on the Caesars Sportsbook App
Businesswire· 2025-11-17 15:41
Core Points - Caesars Entertainment is preparing for the launch of legal sports wagering in Missouri on December 1, allowing users to register and fund their accounts in advance [1][2] - The Caesars Sportsbook app will offer a variety of betting options, including Same Game Parlays, player props, and live in-play betting, along with livestreaming of major sporting events [3] - The company is introducing special sign-up offers and promotions to attract new users ahead of the launch [4][7] Registration and Launch Details - New users can register on the Caesars Sportsbook app starting today, with existing users able to activate their accounts in Missouri [2] - The initial mobile launch is set for November 17, with a full launch of wagering on December 1 [5][8] - Users who deposit $5 or more by December 1 will receive additional benefits, including Profit Boost Tokens and Bonus Bets [7][14] Promotions and Rewards - The NFL Flips game will be available starting November 24, offering users a chance to win from a $100,000 Bonus Bet prize pool [6][7] - New users placing their first bet of $5 or more will earn $150 in Bonus Bets if that bet wins [14] - Caesars Rewards program allows users to earn Tier Credits and Reward Credits through their betting activity, redeemable for various experiences [10] Technological Enhancements - Missouri will be the first state to launch Caesars Sportsbook with Universal Digital Wallet functionality, enabling seamless deposits and withdrawals [8] - The company plans to expand this functionality to all states where it offers online gaming and sports betting [8] Responsible Gaming Commitment - Caesars Entertainment emphasizes its commitment to responsible gaming, with various tools in place to promote responsible play [3][11] - The company has received accolades for its responsible gaming practices, including the RG Check accreditation [12]
Golden Entertainment Reports 2025 Third Quarter Results
Businesswire· 2025-11-06 13:02
Core Insights - Golden Entertainment reported a net loss of $4.7 million for Q3 2025, a significant decline from a net income of $5.2 million in Q3 2024, indicating a challenging financial environment for the company [2][9] - The company's revenues decreased to $154.8 million in Q3 2025 from $161.2 million in Q3 2024, reflecting a year-over-year decline of approximately 3.9% [2][9] - Adjusted EBITDA for Q3 2025 was $30.5 million, down from $34.0 million in Q3 2024, representing a decrease of about 10.3% [2][9] Financial Performance - Total revenues for Q3 2025 were $154.8 million, compared to $161.2 million in Q3 2024, with a breakdown showing gaming revenues of $77.1 million, food and beverage revenues of $39.6 million, and room revenues of $25.4 million [2][11] - The company reported total expenses of $153.9 million for Q3 2025, slightly down from $154.5 million in Q3 2024, with notable expenses in gaming and food and beverage sectors [10][11] - The net loss per share for Q3 2025 was $0.18, compared to a net income per share of $0.18 in Q3 2024, indicating a complete reversal in profitability [2][10] Debt and Liquidity - As of September 30, 2025, Golden Entertainment had total debt of $430.1 million, primarily consisting of $391 million in term loan borrowings and $35 million in revolving credit facility borrowings [4] - The company had cash and cash equivalents of $58.3 million and $205 million of remaining availability under its revolving credit facility, indicating a reasonable liquidity position despite the losses [4] Dividend Information - The company declared a quarterly cash dividend of $0.25 per share on October 3, 2025, with the next dividend scheduled for January 6, 2026, reflecting a commitment to return capital to shareholders [3]
Bally's Corporation to Report 2025 Third Quarter Results After Market Close on November 10
Businesswire· 2025-11-03 21:15
Core Insights - Bally's Corporation will release its financial results for the third quarter ended September 30, 2025, after market close on November 10, 2025 [1] Company Overview - Bally's Corporation operates 20 casinos internationally, including 1 retail casino in Newcastle, UK, and has a presence in 11 states across the US [2] - The company also owns a golf course in New York, a horse racetrack in Colorado, and holds OSB licenses in 13 jurisdictions in North America [2] - Bally's operates a sports betting platform called Bally Bet, an iCasino platform, and has a significant stake in Intralot S.A., a global lottery management business [2] - The company serves over 11 million domestic and 20 million international customers through its loyalty programs [2] Operational Details - Bally's employs approximately 11,500 people and operates around 17,700 slot machines, 630 table games, and 3,950 hotel rooms [3] - The company has rights to developable land in Las Vegas at the site of the former Tropicana Las Vegas [3] Recent Transactions - Intralot S.A. has completed the acquisition of Bally's International Interactive business for an enterprise value of €2.7 billion, which is expected to unlock significant liquidity for Bally's [5] - Bally's has secured additional commitments to increase its revolving credit facility to $510 million, with a maturity date extended to October 1, 2028 [6] - The company has also announced amendments to its revolving credit facility, extending $460 million of commitments to a new maturity date of October 1, 2028 [7]
Caesars Entertainment and AGS Celebrate the Exclusive In-person and Online Launches of Kingdom of Horus and Reign of Anubis
Businesswire· 2025-10-24 15:39
Core Insights - Caesars Entertainment and AGS have launched two exclusive slot titles, Kingdom of Horus and Reign of Anubis, available both in-person at Caesars' locations in Atlantic City and online across five North American jurisdictions [1][3]. Group 1: Launch Details - The new games are now live at Caesars Palace Online Casino, Horseshoe Online Casino, and Caesars Sportsbook & Casino in New Jersey, Pennsylvania, Michigan, West Virginia, and Ontario, as well as on casino floors at Caesars destinations in Atlantic City [1]. - The launch event featured local social media influencers, including NJ Slot Guy, who participated in a ceremonial first spin at Caesars Atlantic City [2]. Group 2: Game Features - Kingdom of Horus and Reign of Anubis are part of AGS' Triple Coin Treasures series, featuring a 3×5 reel layout with 40 paylines and mechanics such as Scarab Prizes, Wild Coins, and Pot Bonuses [4]. - Players can unlock Extra Spins, benefit from Symbol Upgrades, and enjoy Boosted Prizes with credit multipliers for enhanced payout potential [4]. Group 3: Strategic Importance - The launch is part of Caesars' strategy to blend online and in-person casino experiences, with a commitment to offering premium gaming experiences [3]. - The new titles join a growing list of exclusive launches between AGS and Caesars, enhancing Caesars' online casino offerings [3]. Group 4: Company Background - Caesars Entertainment is the largest casino-entertainment company in the US, known for its diversified gaming, entertainment, and hospitality amenities [9]. - The company operates under various brand names, including Caesars®, Harrah's®, and Horseshoe®, and emphasizes a strong loyalty program, Caesars Rewards® [9].
VICI Properties Inc. Enters Into Agreements Relating to MGM Northfield Park in Northfield, OH
Businesswire· 2025-10-16 11:30
Core Viewpoint - VICI Properties Inc. has entered into agreements related to MGM Northfield Park, which includes a new lease with Clairvest Group and an amendment to the existing MGM Master Lease, reflecting VICI's strategy to expand its tenant base and maintain strong partnerships in the gaming sector [1][3][4]. Summary by Sections Transaction Details - VICI Properties will lease the real property of MGM Northfield Park to an affiliate of Clairvest, with an initial annual base rent of $53 million, increasing to $54 million if the closing occurs after May 1, 2026, due to a 2% annual escalation clause [3][4]. - The new lease will have a 25-year term with three 10-year renewal options, and will include similar terms to the MGM Master Lease, such as a 2% annual escalation and a minimum capital expenditure requirement of 1% of annual net revenue [3][4]. Company Background - VICI Properties is an S&P 500 experiential real estate investment trust that owns a diverse portfolio of gaming and entertainment properties, including iconic locations like Caesars Palace and MGM Grand [6][7]. - The company currently owns 93 experiential assets across the U.S. and Canada, comprising approximately 127 million square feet and featuring around 60,300 hotel rooms and over 500 dining and entertainment venues [7]. Clairvest Group - Clairvest is a leading private equity management firm with a strong track record in the gaming sector, having owned interests in 36 gaming assets over the past two decades [2][8]. - The firm aims to partner with entrepreneurs to build strategically significant businesses and manages over $4.6 billion in capital [8].