Stocks making the biggest moves in the premarket: GenMark Diagnostics, AMC Entertainment, Eli Lilly & more
NXP Semiconductors (NXPI), Penn National Gaming (PENN), Generac (GNRC), Caesars Entertainment (CZR) – The stocks will join the S&P 500 as part of the index's quarterly rebalancing. AMC Entertainment (AMC) – AMC will begin reopening movie theaters in Los Angeles, starting with two locations today. Eli Lilly (LLY) – Eli Lilly said its experimental treatment for Alzheimer's modestly slowed decline in patients over an 18-month period in a mid-stage study. Its shares rose 5.9% in premarket trading. United was up 3% in the premarket, American gained 4.3%, Delta rose 2% and Southwest edged up 1.3%.cnbc.com
Architect selected for future Danville casino complex
DANVILLE, Va. – The Caesars Entertainment casino and resort complex is moving forward, step by step. Caesars plans to break ground on the entertainment complex later this year with an estimated completion date of 2023. Although the site still looks as it did after the casino plans won approval from Danville voters this past November, city manager Ken Larking is encouraged by the progress behind the scenes. Every step of the way is exciting, because it gets us closer to getting the resort up and running.”AdBusiness owner Rose Shields is also hopeful for the casino. We are preparing, when that casino is open, that we will grow even bigger than we are now,” Shields said.
Bally's, Caesars Entertainment add daily fantasy sport deals
Later in the day, Caesars Entertainment announced a strategic investment in SuperDraft, a daily fantasy sports company launched in September 2019, with the option to acquire the whole company over time. Daily fantasy sports involves players assembling virtual rosters of professional athletes, and then competing against others based on the performance of those athletes in real life. “With this acquisition, we are pleased to enter into the high-growth (daily fantasy sports) market," said George Papanier, the company's president and CEO. Monkey Knife fight has about 180,000 registered users, 80,000 of whom have made monetary deposits in order to play. “Daily fantasy players deserve a breath of fresh air, and we’re here to transform the industry.
Danville to get $15 million from Caesars Entertainment for new casino scheduled to open in 2023
DANVILLE, Va. – More updates for the future of the new Danville casino in the upcoming years were given at Tuesday’s city council meeting. Steven Gould, the campaign director for Caesars Entertainment, said that Danville will get $15 million from the casino and hotel company. In 2021, Danville residents can weigh in on the design of the casino and construction will begin at the end of the year. Gould said that Caesars still needs to close on the purchase of the Schoolfield property then select an architect for the project. The casino is set to open in 2023.
Danville certifies casino results, eagerly awaits first $15 million Caesars payment
DANVILLE, VA. – Danville City Council is moving forward with its plans to bring a Caesars resort and casino to the River City. This comes following an overwhelming “yes” vote to a casino referendum on Election Day. A committee is already working on deciding how to spend the first $15 million from Caesars, which is expected to be paid upfront to the city sometime soon. “We’re going to work closely with them through the permitting process, through the development process, all that kind of stuff. So we’re all kind of working together to make sure things happen as smoothly and quickly as possible," Larking said.
‘We want to make everybody proud’: Caesars casino overwhelmingly approved by Danville voters
DANVILLE, Va. – Danville voters delivered a big win for Caesars Entertainment’s planned casino on Election Day. The company aims to break ground on the $400 million project next year with a scheduled opening date of 2023. Former Caesars CEO Tony Rodio, who is advising the company on the Danville project, said he’s elated to become part of the Danville community. “2023 can’t come soon enough," said John Mason, who owns the Foxglove boutique shop across Main Street from the planned casino site. It’s a win-win situation for everybody involved.”Caesars confirmed the casino will also have a sportsbook for betting on games.
Caesars Entertainment ‘incredibly excited’ to begin construction on Danville casino after referendum passes
DANVILLE, Va. – Danville voters made it official on Election Day: A casino will be built in the city. Officials with Caesars Entertainment released a statement Tuesday night shortly after the referendum passed, stating they’re ‘incredibly excited’ to begin construction. [Virginia General Election results for Casino Referendums on Nov. 3, 2020]The casino is projected to bring about 1,300 jobs to the area, as well as money to support economic development in Danville. Read the full statement below:“Caesars Entertainment thanks the voters of Danville for their support of the referendum that will bring Caesars Virginia to Danville. We are pleased to be welcomed into the Danville community and look forward to a long, successful future.”- Tom Reeg, CEO of Caesars Entertainment
Caesars leaders optimistic about Danville casino proposal before Election Day
DANVILLE, Va. – Danville voters are days away from determining whether to bring a Caesars casino to the city. Caesars Entertainment’s proposal to build an entertainment complex at the former Schoolfield Dan River Mills site depends on a voter referendum. Former Caesars Entertainment CEO Tony Rodio currently works as a special advisor for the company. Rodio said Caesars chose Danville because of its revitalization efforts and its proximity to North Carolina. I think 25 years from now, Danville will be a regional hub for people who want to get away.”
Caesars Entertainment buys bookmaker William Hill for $3.7B
Customers make bets at the William Hill sportsbook inside the Tropicana casino in Atlantic City N.J., on March 8, 2019. Caesars Entertainment announced Wednesday, Sept. 30, 2020, it is buying William Hill for $3.7 billion. William Hill was founded in 1934 and grew to become a well-known name in the betting industry, particularly in England. “The William Hill board believes this is the best option for William Hill at an attractive price for shareholders," company chairman Roger Devlin said in a statement. In Atlantic City, William Hill sports books operate at the Ocean Casino Resort, Tropicana, Bally's and Harrah's.
Stocks making the biggest moves midday: Nikola, Datadog, Micron, Canada Goose & more
Nikola — Nikola soared 11% after the embattled electric truck start-up reconfirmed its business plans and production targets. Micron — The semiconductor stock lost more than 4% despite the company beating Wall Street expectations for its fiscal fourth quarter. The Wall Street firm said the Covid-19 crisis is helping Starbucks reset its business strategy by shedding unneeded assets and focusing on customer innovation. Duke Energy — Shares of Duke Energy gained more than 6% after the Wall Street Journal reported the energy company was approached by NextEra Energy about a takeover recently. Canada Goose — Shares jumped 6% after Cowen upgraded the outerwear maker to outperform from market perform.cnbc.com
Danville leaders, Caesars Entertainment sign casino deal ahead of November vote
DANVILLE, Va. Danville city leaders put pen to paper Thursday afternoon and signed a development agreement with Caesars Entertainment to bring a new casino to the city. Im honored to be here on such a momentous day, said Tom Reeg, the CEO of Caesars Entertainment. Caesars Entertainment Strategic Advisor Tony Rodio said the casino will create an economic boost for the city. Its going to have really almost an outlandish impact on our ability to provide services to our community and really make a difference for our people, said Danville City Manager Ken Larking. For people who worry their vote wont even matter because Danville leaders have already signed the agreement, Larking and Danville Mayor Alonzo Jones disagree.
Danville city leaders, Caesars finalize agreement for proposed casino
DANVILLE, Va. – The stage is now set in Danville for citizens to make the final vote on whether or not they’ll allow a casino in their city. Tuesday night, Danville City Council approved a performance agreement with Caesars Entertainment, which promises to bring millions of dollars and quality jobs to the region. This is the latest step in helping shape the Danville of the future - one that could include a casino. City Council agreed to what the city stands to gain from Caesars Entertainment in exchange for allowing a casino resort at the old schoolfield site. Some corporate Caesars employees will be in town Thursday to provide information and celebrate this milestone with Danville city leaders.
It’s now up to Danville voters if the city will have a casino
DANVILLE, Va. – Will there be a casino built in Danville? After years of discussions, the issue will now go to the voters. Late Thursday afternoon, Judge Joseph Milam issued the order that official places the referendum on the Nov. 3 ballot. Here’s how the yes or no question will read:“Shall casino gaming be permitted at a casino gaming establishment in the City of Danville, Virginia, at 1100 West Main Street, Danville, Virginia 24541(former Dan River Mills Schoolfield Division Site) as approved by the Virginia Lottery Board?” Danville casino referendum on Nov. 3 ballotThe court found that the referendum question adequately identifies the location of the proposed casino gaming establishment and is worded as required by Virginia Code. [If Danville gets a casino, it will be a Caesars]Earlier in the week, the Danville City Council had voted to petition the court by resolution, asking that a referendum be placed on the ballot.
Casinos, airlines, seek return to normality
Daily life in the capital resumes to normal as the government continues to ease restrictions related to running business and activities that were imposed weeks ago to combat the spread of COVID-19. (AP Photo/ Gemunu Amarasinghe)The outbreak of the coronavirus has dealt a shock to the global economy with unprecedented speed. ________________________TRAVEL: The pandemic has altered travel behavior in multiple ways and severely damaged cruise operators and airlines, though there are signs of a life. Thousands of people flocked to Las Vegas two weeks ago, though it remains to be seen of those crowds can be sustained. Of the five recently reopened properties in Nevada, two of the four which opened on June 4 and the one which opened on June 5 are located in Las Vegas.
If Danville gets a casino, it will be a Caesars
Video released by Caesars Entertainment depicts a large parking lot, a row of fountains and of course big, shiny buildings. “We are particularly excited about the 35,000 square-foot convention center...and the 2,500 seat live entertainment venue and what those amenities will mean for the city of Danville," Caesars Entertainment Jacqueline Grace said. The city is not officially for or against a casino, but at Monday’s announcement Danville Mayor Alonzo Jones was not shy about what a casino would mean for the city. City leaders announced that they’re in negotiations with Caesars Entertainment to be the city’s preferred casino gaming operator. Before voters will see a referendum on their ballot, Danville City Council still has to allow the referendum to happen.
Stocks making the biggest moves in the premarket: Disney, 3M, Tesla, Apple, Peloton & more
Walt Disney (DIS) Disney is furloughing workers in all its U.S. divisions, as it deals with the impact of the coronavirus outbreak. Tesla did not say how the coronavirus outbreak might impact future sales, however. Raytheon Technologies (RTX) The former United Technologies begins trading today under its new name, following the completion of the merger between United Technologies and Raytheon. Two companies spun out of United Technologies, Otis Worldwide (OTIS) and Carrier Global (CARR), begin trading today as separate public companies. Dave & Buster's has shut all its locations due to the coronavirus outbreak.cnbc.com
Stocks making the biggest moves midday: Johnson & Johnson, Eldorado Resorts, Regeneron & more
Check out the companies making headlines midday Monday:Johnson & Johnson Johnson & Johnson shares jumped more than 7% after the company announced it has a coronavirus vaccine candidate, noting that human testing on the medication will begin in September. Eldorado Resorts, Caesars Entertainment Eldorado Resorts and Caesars Entertainment tumbled 15% and 9%, respectively, extending a deep rout in casino stocks as the coronavirus pandemic forced these facilities to shut doors. LaZBoy The furniture company announced that it was suspending production and slashing jobs due to the coronavirus crisis, and its stock fell 3.2% Monday. American, United Airlines American Airlines and United Airlines dropped 9.4% and 5.4%, respectively, as the coronavirus damage to the industry outpaced relief actions from the government. Zoom Video Shares of the video conferencing platform gained 3%, building on their massive gains as more people rely on video calls amid the coronavirus pandemic.cnbc.com