4975 stories by Todd Shriber
Wynn’s Bold Bet: New York Casino Investment Set to Surpass $6B
Related Companies recently unveiled plans for a $12 billion expansion of Hudson Yards on Manhattan’s West Side. Of that sum, Wynn Resorts’ (NASDAQ: WYNN) proposed casino hotel would carry a price tag of $5.7 billion. That’s assuming the operator is successful in...
Wynn, Encore Lead Las Vegas Casino Rankings, New Properties Make the Cut
Wynn Resorts’ Wynn and Encore were named the top two Las Vegas casinos by a panel of Travel + Leisure experts, and a pair of new additions to the Sin City gaming scene also made the publication’s top 10 list. Topping Travel...
MGM Requests Yonkers Zoning Changes in Hopes of Winning NY Casino License
MGM Resorts International is asking the city of Yonkers, home of the operator’s Empire City Casino, for various zoning changes. The move comes in advance of New York regulators awarding three downstate casino permits. Local law firm DelBello Donnellan Weingarten Wise &...
Boyd Gaming Planning Enhancements at Suncoast Hotel & Casino
Boyd Gaming (NYSE: BYD) announced on Tuesday extensive renovation plans for its Suncoast Hotel & Casino in suburban Las Vegas. Last year, the operator added a new high-limit room and a William B’s Steakhouse to Suncoast. Future enhancements will include a reimagined...
DraftKings CFO Jason Park Transitions to New Role, Alan Ellingson Takes Over
DraftKings (NASDAQ: DKNG) announced Monday that CFO Jason Park is moving to another role within the gaming company. Senior Vice President of Finance and Analytics Alan Ellingson will assume the top financial job at the firm on May 1. Park joined Boston-based...
Sports Betting Commercials May Be Eliminated by Louisiana Lawmaker Initiative
Louisiana State Rep. Shaun Mena (D-Mid-City) recently introduced legislation that, if passed, would halt advertisements from online sportsbook operators in the state. House Bill 727 (HB 727) seeks to ban operators of fantasy sports contests and sportsbooks that do business in Louisiana...
Golden Entertainment Seen as Golden Opportunity Among Casino Stocks
Shares of Golden Entertainment (NASDAQ: GDEN) are off 15.15% year-to-date, and the stock labors 25% below its 52-week high. But some analysts remain bullish on the name. That group includes Truist Securities analyst Barry Jonas, who in a recent report to clients,...
Standard General Pledges to Complete Chicago Casino if it Buys Bally’s
Standard General said it will live up to Bally’s (NYSE: BALY) commitment to build a $1.1 billion casino hotel in Chicago should the regional gaming company accept the hedge fund’s acquisition offer. On Monday, Standard General, which owns 23% of Bally’s equity,...
Caesars Could Consider Share Buybacks, Not Looking at Near-Term M&A
Caesars Entertainment (NASDAQ: CZR) could consider share repurchases if its stock price remains stagnant. The casino giant is also mulling mergers and acquisitions opportunities that would require the issuance of new shares. Caesars CEO Tom Reeg commented on those matters Thursday at...
MGM Open to Casino Opportunities in Thailand, UAE, Says CEO Bill Hornbuckle
The United Arab Emirates is a “fascinating” jurisdiction, and Thailand could be a market that MGM Resorts International (NYSE: MGM) eventually pursues, according to CEO Bill Hornbuckle. He made remarks to that effect Thursday at the J.P. Morgan Gaming, Lodging, Restaurant &...
