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VICI Properties Rallies on Addition to S&P 500

VICI Properties (NYSE:VICI) soared in Friday’s after-hours trading session on news the casino landlord is joining the S&P 500.

VICI S&P 500
Excalibur on the Las Vegas Strip. Owner VICI Properties is joining the S&P 500. (Image: YouTube)

Shares of the Caesars Palace owner jumped almost 7% in extended trading following a modest decline during traditional trading hours. VICI is one of two publicly traded casino real estate investment trusts (REITs) — Gaming and Leisure Properties (NASDAQ:GLPI) — but the Mirage owner is the only one of the pair joining the S&P 500.

VICI, which

Philippines Gaming Regulator Acknowledges Presence During Okada Manila Seizure

Philippines gaming officials acknowledged this week it had a “monitoring team” on the grounds of Okada Manila when an army of private security guards and members of the Philippine National Police forcible took control of the $2.4 billion casino resort.

Okada Manila Philippines casino
Operations appeared normal on the Okada Manila casino floor on June 1, 2022. The present ownership of the casino resort isn’t clear. (Image: Twitter)

On Tuesday, Tiger Resort, Leisure & Entertainment Inc. (TRLEI), the parent owner and operator of Okada Manila, said an unlawful coup of the casino property occurred

Philadelphia Phillies fire veteran manager Joe Girardi following Poor Start to Season

On Friday, June 3rd, 2022 the Philadelphia Phillies have fired their veteran manager, Joe Girardi, according to the president of baseball operations for the Philadelphia Phillies, Dave Dombrowski. The Under-Performing Philadelphia Phillies The decision was ultimately made after the Philadelphia Phillies began the 2022 MLB season with an overall record of 22 and 29. The […]

Softswiss implements new content management system designed especially for for online sports betting projects

In an ongoing effort to make its Sportsbook the most flexible solution for online betting, Softswiss has implemented a content management system (CMS), which simplifies the process of managing websites launched on the platform. Developed specifically for online sports betting projects, the new CMS incorporates all of the requirements specific to sports betting web portals […]

Partypoker MILLIONS KO series concludes with Felipe Boianovsky winning the Main Event

After close to a month of action, the partypoker MILLIONS Online KO Edition has come to a close. The online poker room decided to jazz things up a bit in May, offering its members a KO edition of the popular MILLIONS series. Just a few days ago, the Main Event of the series concluded, providing […]

Strat Dealer Apprehended for Alleged Cheating at Las Vegas Baccarat Table

A one-time baccarat dealer at The Strat Casino appeared in court this week for allegedly cheating at the Las Vegas venue. She denied any wrongdoing.

The Las Vegas gateway arches light up the street at the base of the Strat Hotel, Casino & SkyPod
The Las Vegas gateway arches light up the street at the base of the Strat Hotel, Casino & SkyPod. A one-time dealer at the Strat was arrested for alleged cheating. (Image: Los Angeles Times)

She was booked on a cheating in a gambling establishment charge. After being placed in jail, the suspect, identified as Ying Yu, was released from custody following the court appearance.

It was two years ago when the Strat fir

Cedar Rapids Mayor Tiffany O’Donnell Asks Iowa Governor to Veto Casino Moratorium

Cedar Rapids has been seeking a casino property to help jump-start the city’s economy for nearly a decade. A recent bill passed by the Iowa Legislature would delay such a gaming initiative for at least another two years.

Cedar Rapids Iowa casino gaming license
Cedar Rapids Mayor Tiffany O’Donnell (pictured) is urging Iowa Governor Kim Reynolds to veto legislation that would prevent the state from expanding its casino industry for two years. State lawmakers have signed off on a two-year new casino moratorium. (Image: The Gazette)

The Iowa Legislature approved a gaming bill last week that primarily has

California Casino Death Leads to Jury Trial for Manslaughter, Victim Fell Onto Casino Floor

The March fatal fight at California’s Feather Falls Casino & Lodge was tied to a love triangle, court testimony revealed this week. The victim was allegedly pushed into a slot machine and then wound up on the gaming floor, where he died.

California’s Feather Falls Casino & Lodge
California’s Feather Falls Casino & Lodge, pictured above. The property was the site of a fatal fight in March. (Image: TripAdvisor)

Michael Livermore, 37, of Oroville, Calif., is charged with manslaughter in the death of Dennis Wold, 55, of Chico, Calif. It was also revealed in testimony that Wold had an enlarged heart and suf

Developer of proposed Richmond casino threatening legal action in Virginia

In Virginia and the developer behind the envisioned One Casino and Resort has reportedly announced that it may pursue legal action after state legislators passed a measure that would prevent the city of Richmond from holding a planned second casino referendum in November. According to a Thursday report from the Richmond Times-Dispatch newspaper, the disclosure […]

Okada Manila SPAC Deal Nears Closure Amid Founder’s Coup Attempt

Despite a recent coup attempt by its founder — one some describe as violent — Okada Manila is close to finalizing a merger with Jason Ader’s special purpose acquisition company (SPAC) 26 Capital (NASDAQ:ADER), setting the stage for a US listing.

Okada Manila
The Okada Manila integrated resort in the Philippines. The company is close to listing in the US. (Image: The Philippine Business and News)

The blank-check company announced today that Universal Entertainment’s Form F-4 registration statement is now effective with the Securities and Exchange Commission (SEC). Universal

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