Casinos

The change was made possible because the Nevada Gaming Control Board, which sets the rules for casinos, reacted quickly to update its rules.

Gov. Ned Lamont and the heads of the Mashantucket Pequot and Mohegan tribes discussed some of the details of the deal to allow sports betting and online gaming in Connecticut on Thursday.

Wells Fargo Securities’ Chris Harvey is building a major part of his strategy on a consumer comeback.

The state of Connecticut has reached a new deal with the Mashantucket Pequot Tribe and Mohegan Tribe to allow for sports wagering and online betting, the governor’s office announced early Thursday. Earlier in March, the state announced a deal with the Mohegan Tribe, but at the time, said it was still negotiating for a new agreement with the Mashantucket...

Before the pandemic, Sands’ properties in Asia accounted for roughly 90% of its revenue with investments planned to expand in Macao and Singapore.

Leaders of the Mashantucket Pequot Tribal Nation announced they began distributing the COVID vaccine on Monday. They say tribe firefighters were the first to receive the Moderna vaccine. The tribal nation said they are focused on vaccinating the entire employee population, beginning with first responders and those who are most at risk. Vaccinations will continue to be distributed with the...

Investors seeking trades that could benefit from a vaccine rollout should look no further, two traders say.

Foxwoods on Monday announced temporary furloughs to what company officials described as less than 100 employees as the casino continues to weather the pandemic. Jason Guyot, interim CEO and president for Foxwoods Resort Casino, said they are making changes as COVID-19 continues to spread moving into the winter season. Those changes included reduced hotel capacity and reduced gaming options in…

The Dow Jones Industrial Average stock index has the potential to reach the 40,000-point mark in 2021, according to Baird’s Patrick Spencer.

Mohegan Sun and Foxwoods are taking steps to fall in line with Connecticut’s rollback to Phase 2.1, though their approaches are slightly different. Mohegan Sun said all their restaurants and bars will fall in line with the state guidelines, which reduce restaurants to 50% capacity indoors and require in-restaurant dining curfews. In a statement, Jeff Hamilton, president and general manager…

Foxwoods and Mohegan Sun say they are voluntarily complying with most of the state’s new Phase 2.1 COVID-19 restrictions.

The U.S. casino industry is seeking tax and regulatory relief from the government as it tries to recover from a coronavirus outbreak that cost states more than $2 billion in lost tax revenue while casinos were shut down for four months this year.

Newly released emails obtained by The Associated Press show Connecticut Gov. Ned Lamont thought he was closed to reaching a wide-ranging gambling deal with the state’s two federally recognized Native American tribes. In an exchange in May with the chairman of the Mashantucket Pequots, the Democratic governor says he thought both sides were at the finish line, but talks...