3974 stories by Todd Shriber
VICI Buying Remaining Stakes in Mandalay Bay, MGM Grand from Blackstone
VICI Properties (NYSE: VICI) announced Thursday it's acquiring the 49.9% of the Mandalay Bay and MGM Grand on the Las Vegas Strip it doesn’t currently own. That will solidify its status as the largest owner of gaming real estate on the Strip....
Firecreek Crossing Slated to Be Reno’s Newest Casino
Elevation Entertainment is planning a new casino-resort in Reno, marking another addition to the flourishing Northern Nevada market. For now, the planned gaming venue is known as the Firecreek Crossing Resort-Casino and would be the first from-the-ground-up casino-hotel in the city in...
ESPN Boss Jimmy Pitaro Says Sportsbook Deal Not Happening Soon
ESPN Chairman Jimmy Pitaro said the sports media giant remains interested in the sports wagering industry, but it won’t be announcing a related deal anytime soon. Pitaro’s comments, which were made at the Sports Business Journal conference in New York on Wednesday,...
Genting Seeking $1B or More for Some Miami Property Holdings
Malaysian conglomerate Genting Berhad is reportedly marketing some of its Miami property holdings at north of $1 billion. That's as the company focuses on other casino gaming ventures in the US. Genting is looking to sell 16.5 acres of prime, undeveloped real...
Broadway League Reiterates Opposition to Times Square Casino
The Broadway League reiterated its opposition to a Times Square casino proposal, claiming a gaming venue in that area would do more harm than good. The League, which is the national trade association for the Broadway industry, let its feelings about the...
Macau Could Finally Entice Wary Investors, Says JPMorgan
After avoiding Macau gaming equities for more than two years, global investors could revisit the asset class in 2023 in search of value and rebound candidates. That’s the sentiment of JPMorgan Securities, which said in a report out Monday that Macau casino...
Genting Macau Hopes Dashed, But Not Dead
Genting Malaysia’s hopes of procuring a Macau gaming license were dashed over the weekend, as authorities in the special administrative region (SAR) awarded provisional permits to the six established concessionaires. But some analysts believe there are still ways the company can enter...
Wynn Macau Pouring $596M into Business to Comply with Gaming Law
Wynn Macau has announced it is allocating $596.4 million to its Wynn Resorts Macau (WRM) unit. The move is to comply with the capital requirements laid out in the special administrative region’s (SAR) new gaming laws. Macau’s updated gaming policies require concessionaires...
MGM Could Revisit Entain Takeover or Move to Buy BetMGM
The rumor mill regarding MGM Resorts International (NYSE:MGM) possibly revisiting a takeover bid for Entain Plc (OTC:GMVHY) continues spinning. There is renewed speculation that the casino behemoth could move to acquire all of the Ladbrokes owner, or attempt to buy the 50%...
Flutter Mulling US Listing to Generate More Interest, Volume in Stock
When it comes to capital markets transactions in the US, Flutter Entertainment (OTC:PDYPY) is usually mentioned as potentially spinning off a portion of its FanDuel unit to public investors. Some investors believe the gaming company might want to consider more than that,...
