5449 stories by Todd Shriber
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...
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....
Penn Entertainment Strategic Review Unlikely, Says Analyst
Shares of Penn Entertainment (NASDAQ: PENN) slumped Friday after a sell-side analyst said the regional casino operator is unlikely to commence a strategic review over the near term, potentially dashing hopes the company is a takeover target. On volume that was nearly...
Genting Still Mulling New York Stock Listing
Genting Malaysia Bhd is still considering a New York equity listing that would be comprised of an entity holding some of the company’s US gaming assets. The long-talked-about move is viewed as a potential avenue for delivering value to shareholders and was...
Light & Wonder Unveils $1 Billion Share Buyback Plan
Shares of Light &Wonder (NASDAQ: LNW) perked up a bit during Thursday’s after-hours trading session after the slot machine manufacturer announced a $1 billion share repurchase program. The newly announced buyback plan replaces a previously deployed $750 million repurchase effort that was...
Genting Bullish on New York, RWNY Casino License Prospects
At its annual meeting this week, Genting Malaysia Bhd sound an optimistic tone on its operations in New York, including the prospects for Resorts World New York landing one of the three downstate casino licenses the state has yet to award. In...
Casino Investors Taking Hardline Against Smoking
More major investors are pressing publicly traded casino operators to move to smoke-free environments, and the 2024 proxy is evidence of those elevated efforts. This proxy season has seen efforts by large shareholders of Bally’s (NYSE: BALY), Boyd Gaming (NYSE: BYD), and...
