Gaming giants and real-estate honchos are putting all their chips on the table to win one of three coveted licenses to operate a casino in or around New York City. “There’s still a large market for land-based casinos in this country and the New York City metropolitan market in particular,” said Albany Law School Professor … Read more
Activist investor Carl Icahn has a sizable position in casino operator Caesars Entertainment, Bloomberg News reported Friday citing sources familiar with the matter. Shares of the company jumped 12% to close at $35.56. The stock is still down 24% this year. The size of Icahn’s stake in the company could not be learned, the report added. Shares of … Read more
Two state lawmakers say it’s time to roll the dice on awarding casino licenses in the New York City area and are backing a bill that would speed up the current much-criticized timetable. Sen. Joseph Addabbo (D-Queens) and Assemblyman Gary Pretlow (D-Mount Vernon) are pushing a proposed law in the waning days of the state legislative … Read more
