The Hollywood Gaming casino at the Dayton Raceway has just announced future plans to launch a sports betting location with Barstool Sportsbook. The casino will begin offering betting solutions on January 1, 2023 when sports betting officially becomes legal in Ohio and will include a wagering counter, ticket stations, and kiosks to place bets on sports events. Upon completion, the Barstool Sportsbook will have seating for 130 guests as well as a place to watch games and plans to finish its construction within the first few months of the new year.

The Houston mogul Tilman Fertitta, has just become the second largest shareholder of Wynn Resorts (WYNN) according to SEC filings which show he has built a 6.1% stake, totaling around 6.9 million shares in the company. Hospitality Headquarters Inc. and Fertitta Entertainment were two names listed in the share purchase from Fertitta. With that the share price of WYNN jumped almost 10% today as investors pile in. Wynn generates around 70% of all of its revenue from Macau which just announced they will be resuming e-visas as well as tour groups in November. If Fertitta were to acquire more of Wynn he could look to become a member of the board and with that he could aid in Wynn Macau’s hospitality efforts using his aforementioned […]

As Macau begins to ease tourist visa restrictions for mainland visitors, shares of casino operators are on the rise. Shares of Sands China Ltd. were up 4.4% today to HK$13.70, Wynn Macau Ltd. went up 4.9% to HK$3.29, and Galaxy Entertainment Group Ltd. rose 3.0% to HK$36.25. This sudden increase comes as China’s National Immigration Administration stated they would resume visa applications for mainland residents on November 1. The easing of visa restrictions is the first step in Macau’s road map to regaining the interest of investors.