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Todd Shriber
5705 stories by Todd Shriber
Wynn Credit Rating Affirmed with Stable Outlook by Fitch
Wynn Resorts’ (NASDAQ: WYNN) credit rating remains in junk territory, but the casino operator was praised for its solid liquidity position and an improving outlook in Macau. In a new report, Fitch Ratings reiterated a...
Mohegan Gaming Credit Profile Weakening, Says Analyst
Mohegan Gaming & Entertainment (MGE) told creditors earlier this month that its Inspire Korea casino hotel isn’t performing as expected and that it's amended its credit agreement on the gaming venue for the fourth time....
Global Casino Market Poised to Grow by $43 Billion Over Five Years, Report Claims
Supported by increased consumer spending, the global casino gaming market is poised to grow by $43.3 billion for the five years spanning 2024 to 2028, representing a compound annual growth rate (CAGR) of 3.2%, according...
Former Thai PM Thaksin Expects Robust Casino Bidding Process
Former Thai Prime Minister Thaksin Shinawatra said he expects the bidding process to bring casino resorts to the country will be competitive and transparent, adding gaming companies successful in their quests to procure licenses there...
BetMGM Lands iGaming Rights for ‘Family Feud,’ ‘Price is Right’
BetMGM announced it procured intellectual property rights to use “Family Feud” and “The Price is Right” -- two of the most legendary game shows -- on its iGaming platform. The gaming company landed those rights...
MGM Grand Las Vegas Getting $300 Million Upgrade
MGM Resorts International released details of its planned $300 million refresh of MGM Grand Hotel & Casino on the Las Vegas Strip, which will include updates of all of the 4,212 rooms and suites in...
In-Game Wagering Sparks Increased Spending Among Bettors
In-game wagering, also known as live betting, is an impetus for sports bettors to spend more cash, according to a new report. Optimove Insights analyzed 2024 live betting trends in Greece, Italy, Spain, the UK,...
Flutter Stock Could Be Fantastic, Join S&P 500, Says Analyst
Flutter Entertainment (NYSE: FLUT) shed 7.56% over the past month after the FanDuel parent told investors its fourth-quarter and 2024 results would be hampered by customer-friendly outcomes during the NFL season, but analysts remain bullish...
Bally’s Wants Property Tax Discount on Chicago Casino
While its temporary gaming venue struggles, Bally’s is reportedly seeking a property tax discount on its permanent casino hotel in Chicago. The third-largest US city applies a property tax rate of 25% to commercial buildings,...
DraftKings, FanDuel Earnings Could Be Pinched by Maryland Tax Increase Plan
DraftKings (NASDAQ: DKNG) and FanDuel are among the online sports betting operators that could see their earnings sapped if a proposal to double Maryland’s tax rate on that form of betting is passed. Gov. Wes...
