2970 stories by Todd Shriber
BetMGM Forecasts Profitability in Second Half of 2023
BetMGM, which is jointly controlled by MGM Resorts International (NYSE: MGM) and Entain Plc (OTC: GMVHY), is in a position to turn profitable on the basis of earnings before interest, taxes, depreciation, and amortization (EBITDA) in the second half of this year....
Sands Sees Up to $5B Spend in New York, Eyes Thailand
Las Vegas Sands (NYSE: LVS) could spend $4 billion to $5 billion to develop a new integrated resort in New York, and the operator is eyeing Thailand as its next spot in the Asia-Pacific region. Sands CEO Rob Goldstein commented on that...
Caesars Ups Term Loan to $2.5B, Wiping Out Some 2024, 2025 Debt
Caesars Entertainment (NASDAQ: CZR) announced late Wednesday that it is upping the size of a previously revealed senior secured term loan facility to $2.5 billion from $1.75 billion -- a move that will help the casino operator eliminate $4.4 billion in debt...
Circus Circus Las Vegas Bookings Available on ChoiceHotels.com
Circus Circus Hotel & Casino on the Las Vegas Strip is now available for bookings on ChoiceHotels.com, according to Choice Hotels International. The casino hotel, which is owned by billionaire Bruce Ruffin, and the hotel chain entered a strategic agreement last year...
Georgia Voters Back Sports Betting, but Support Fades
Close to half of the voters in Georgia support the legalization of sports wagering in the state. But that’s well below levels seen in 2020. A recent poll by the Atlanta Journal-Constitution indicates 48% of those surveyed said they’re fine with the...
MGM COO Corey Sanders Sells $2.4M Worth of Casino Stock
MGM Resorts International (NYSE: MGM) COO Corey Sanders unloaded 60,000 shares of the casino giant’s stock on Monday in a transaction valued at $2.4 million. The gaming executive sold the shares at an average price of $40, according to a Form 4...
Caesars Stock Offering More Reward, Less Risk, Says Analyst
Following a bullish preview of its fourth-quarter financials and plans to reshuffle debt obligations, Caesars Entertainment (NASDAQ: CZR) is gaining favor among Wall Street analysts. That group includes Stifel’s Steven Wieczynski, who, in a new report to clients, reiterates a “buy” rating...
Las Vegas Grand Prix Could Double 2024 Super Bowl Economic Impact
Formula 1’s return to Las Vegas will be a major job creator and add more than $1 billion to the local economy, likely doubling the impact of the 2024 Super Bowl. The Las Vegas Grand Prix, scheduled for November 18, could generate...
DraftKings Poised for 2023 Beats, But Caution Warranted
DraftKings (NASDAQ:DKNG) stock is tracking other gaming equities in the early stages of 2023. But some on the sell side, while acknowledging a catalyst-rich story, are neutral on the online sportsbook operator. In a note to clients late Monday, Stifel analyst Jeffrey...
Sands, Wynn Among US Beneficiaries of China Reopening, Says Goldman Sachs
China’s economy -- the world’s second-largest -- is emerging from the adverse effects of the country’s long-running zero-COVID policies and there are obvious benefits for US-based companies doing business there. Among the American companies most tethered to China’s economic recovery are casino...
