• Hedge-fund investor gets approval to run Bally’s casino

    Hedge-fund investor gets approval to run Bally’s casino

    New Jersey gambling regulators gave approval Thursday to hedge-fund investor Soo Kim’s gaming company, Twin River Worldwide Holdings, to operate Bally’s casino and quickly invest in
  • MGM Resorts to lay off 18,000 furloughed US workers

    MGM Resorts to lay off 18,000 furloughed US workers

    Casino operator MGM Resorts plans to lay off 18,000 furloughed workers in the United States as a global travel slowdown from the coronavirus crisis hurt its operations, the Wall Street Journal reported on Friday. The job cuts will start Monday, the report said. The company had about 52,000 full-time and 18,000 part-time employees in the …
  • Barry Diller’s IAC bets $1 billion on gambling giant MGM Resorts

    Barry Diller’s IAC bets $1 billion on gambling giant MGM Resorts

    IAC, the media conglomerate which operates Dotdash and Vimeo, has taken a 12 percent stake in Las Vegas hotel and casino giant, MGM Resorts, worth approximately $1 billion. IAC chairman and senior executive Barry Diller said his company was attracted to MGM, which owns resorts like The Mirage, The Excalibur and Luxor, for its online …
  • Casino mogul Sheldon Adelson vows to pay staff through end of October

    Casino mogul Sheldon Adelson vows to pay staff through end of October

    Billionaire casino mogul Sheldon Adelson has promised to keep paying the US employees of his casino empire until at least the end of October, even as the coronavirus cripples the gambling industry. In a letter to the roughly 8,000 US staffers of Las Vegas Sands Corp., which owns the posh Venetian hotel and casino in …
  • Hedge-funder gambles on coronavirus to build casino empire

    Hedge-funder gambles on coronavirus to build casino empire

    The hedge-fund honcho once dubbed Dov Charney’s “moneyman” is now betting he can build a casino empire with a little help from the coronavirus, The Post has learned. Soo Kim, co-founder of hedge-fund giant Standard General, has already scooped up three casinos on the cheap since the pandemic struck in March, including Bally’s Atlantic City …
  • In the midst of the current pandemic, why should casinos have greater freedoms than churches?

    In the midst of the current pandemic, why should casinos have greater freedoms than churches?

    In casinos, hundreds to thousands of gamblers gather for hours on end in close proximity to eat and drink, pull slots, and handle poker chips every day of the week. In churches, people gather for about an hour, usually once a week, and generally do not interact with one another as much as casino patrons …
  • Las Vegas casinos and hotels reopen after coronavirus closings

    Las Vegas casinos and hotels reopen after coronavirus closings

    The stakes are higher than ever. Gamblers flocked to casinos in Las Vegas Thursday as the city reopened for the first time since the Strip went dark amid the coronavirus crisis in March. “It’s just been months of us trying to get here,” Bobbi Carlisle of Phoenix, told USA Today. “Now we’re here, and we’re …
  • Stanley Ho, flashy casino kingpin of Macau, dead at 98

    Stanley Ho, flashy casino kingpin of Macau, dead at 98

    Stanley Ho, the flashy casino tycoon who helped turn Macau into the world’s biggest gambling hub, has died, his family confirmed Tuesday. He was 98. The Hong Kong native known as the “King of Gambling” ushered in a new era of gaming in China by building what was once a sleepy Portuguese colony into a …
  • Delay in Caesars-Eldorado merger could mean deal totally craps out

    Delay in Caesars-Eldorado merger could mean deal totally craps out

    Casino regulators are putting the industry’s biggest gaming merger on the back burner due to the coronavirus — raising the odds that the deal could be squashed, The Post has learned. When casino operator Eldorado, which runs Tropicana and Circus Circus casinos, agreed to buy Caesars Entertainment for $17.3 billion last year, it had planned …