Shares of Bally’s stock plunged more than 26% following disclosures in the company second quarter financial filings that raised substantial doubt about its ability to maintain debt covenants over the coming year. The market selloff dropped equity prices down to $10.31, extending year to date declines to 38% as investors focused on corporate leverage over positive revenue growth. In documentation submitted to federal securities regulators, Bally Corp management acknowledged that current forecasts indicate the operator may fail to satisfy liquidity maintenance requirements and consolidated net leverage ratio covenants linked to its revolving credit facility. The company ended the quarter with…

Atlantic City could lose more than 8,100 casino jobs and nearly $1.3 billion in annual revenue over the next decade due to rising regional competition, according to a recent economic report released by the Atlantic County Economic Alliance. The study outlines significant challenges for Atlantic City, projecting that potential job losses could account for more than one third of current casino employment in the municipality. Revenue declines might top 44% if multiple competitive threats emerge simultaneously. Under a baseline scenario that excludes proposed expansion in North Jersey, the coastal hub still faces potential reductions of 5,100 jobs and nearly $815…

Caesars Entertainment has scheduled a special shareholder meeting for September 22 to vote on the Caesars takeover proposal submitted by Fertitta Gaming Holdco. The upcoming vote marks a pivotal moment for the casino operator, as approval of the deal would result in taking the major gaming company private. The agreement approved by the board of directors outlines a structure where a subsidiary of Fertitta Gaming Holdco merges with Caesars Entertainment. Under the terms of the transaction, Fertitta offers $31 per share in cash, evaluating the company at a total valuation of $17.6 billion. This sum includes $5.7 billion in equity…

The producers of the Vegas show Absinthe have announced a brief, temporary shutdown later this year, using the pause to voice sharp criticism against Formula One operations on the Strip. The production inside the Spiegeltent at Caesars Palace will pause performances from Nov. 16 through Nov. 29, 2026, to complete long overdue venue repairs and refurbishments. Producer Ross Mollison broke the news through the persona of The Gazillionaire, the outrageously outspoken host character of the production. While addressing the brief closure, the announcement targeted the timing of the annual Las Vegas Grand Prix, calling the event schedule detrimental to ticket…

The Las Vegas Palms Casino Resort is set to open a new 7,300-square-foot enclosed non-smoking gaming area on August 24th, expanding its overall casino floor with 224 additional slot games. Located near the William Hill Sportsbook, the new gaming space will feature titles supplied by nearly a dozen gaming manufacturers alongside a full-service bar. Unlike the property’s existing non-smoking section, this expansion offers a completely separate and fully enclosed environment for patrons seeking a smoke-free venue. According to Kevin Glass, general manager at the Las Vegas Palms, the decision to construct the space was driven directly by guest feedback requesting…

A newly hired employee was arrested following an armed robbery at the sportsbook inside Virgin Las Vegas after returning to work. Law enforcement authorities confirmed that the individual allegedly robbed his own workplace at knife point before showing up for his scheduled shift the following day. The incident began when the masked suspect entered the William Hill sportsbook operating within the property. Brandishing a knife, he threatened personnel and demanded cash, successfully fleeing the scene with approximately $28,000. Investigators reviewing surveillance footage from Virgin Las Vegas quickly established a timeline of events. Security video showed the suspect walking into a…