5136 stories by Todd Shriber
Sports Betting Taxes: More Coming, but Not In Illinois Style
Illinois recently passed a graduated tax scheme for online sportsbook companies operating in the state, meaning the largest by revenue will pay significantly more taxes than their smaller counterparts. That tax hike, which goes into effect on July 1, sparked fears of...
FTC Files Petition to Force MGM Resorts to Comply with Cyberattack Demands
Just days after MGM Resorts International (NYSE: MGM) sued the Federal Trade Commission (FTC) in a bid to block the commission’s demands for records pertaining to the 2023 cyberattack that crippled the gaming company, the regulator fired back, filing a petition to...
Wynn Can Self-Fund UAE Casino Resort, Says Analyst
Wynn Resorts (NASDAQ: WYNN) is capable of self-funding its portion of the Wynn Al Marjan Island integrated resort in Ras Al Khaimah, United Arab Emirates (UAE). Earlier this year, the gaming company, which is a minority investor in the project, forecast expenditures...
Nassau County to Hold Hearing on Sands Casino Lease Transfer
Nassau County and Las Vegas Sands will get another shot to rectify issues surrounding the county’s transfer of lease rights on Nassau Hub to the gaming company later this week at a public hearing conducted by the Nassau County Planning Commission. The...
Florida Ruling Could Be Template for California Sports Betting, Says Analyst
On Monday, the United States Supreme Court declined to hear an appeal challenging Florida’s decision permitting the Seminole Tribe to conduct online sports wagering via computer servers located on tribal land. Not only does the Supreme Court passing on that appeal pave...
Bally’s Facing Five Months of Daily Demolition for Chicago Casino
Bally’s (NYSE: BALY) has a lot of work ahead to ready the Freedom Center site to become home to the operator’s permanent Chicago casino hotel. The regional casino company currently has five demolition permits under consideration by the city of Chicago. Each...
Theater, Women’s Groups Oppose Caesars Times Square Casino
The No Times Square Casino Coalition increased in size on Tuesday with the addition of theater and women’s groups, as well as the Council of Chelsea Block Associations (CCBA). In a statement, the coalition confirmed TDF (formerly the Theater Development Fund) and...
Casinos Not Cure for MTA Funding Says New York Post
After Gov. Kathy Hochul (D-NY) had a surprise change of heart on a congestion tax that would have raised much-needed revenue for the Metropolitan Transportation Authority (MTA), the authority is still in need of cash. Some politicians are pitching an accelerated downstate...
MGM China Said to Be Considering Bid for Thai Casino License
MGM China is reportedly interested in vying for a casino license in Thailand as an avenue for marketing its Macau properties to Thai tourists. Pansy Ho, the co-Chairperson at MGM China, is said to have recently met with Tourism Authority of Thailand...
Carano Family, Caesars Biggest Shareholders, Selling California Vineyard for Almost $8M
The Carano family, the largest noninstitutional owners of Caesars Entertainment (NASDAQ: CZR) stock, are attempting to sell their California vineyard for $7.975 million. The late Don Carano and his wife Rhonda bought the property in 1981, later launching their first winery there....
