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Todd Shriber
5660 stories by Todd Shriber
Macau Casino Stocks Languish on New Money Transfer Rules
Macau casino stocks extended a now lengthy slump Monday on news that the Special Administrative Region (SAR) is attempting to criminalize unlicensed money transfers when the intent of the exchanged cash is for wagering purposes....
Bill to Expedite NYC Casino Licenses on Life Support
Legislation to speed up bidding for three New York City-area casino licenses faces a bleak near-term outlook. The objective of the bill was to open the window for proposals by the end of this month,...
Red Rock Tavern Biz Approved, Nears Tussle with Golden Entertainment
Earlier this week, the Nevada Gaming Control Board (NGCB) recommended for approval a plan by Red Rock Resorts to enter the gaming bar space in the Las Vegas Valley. That sets the stage for the...
DraftKings Surcharge Could Add $270M in Revenue, Says Research Firm
DraftKings’ (NASDAQ: DKNG) recently announced surcharge on winning sports bets in four states could generate up to $270 million in added gross gaming revenue, according to an estimate by Eilers & Krejcik Gaming (EKG). The...
Rio Owner Dreamscape Cuts Staff at Las Vegas Casino
The Rio Hotel & Casino is going through a reduction in headcount. Owner Dreamscape Cos. confirmed layoffs at the off-Strip property to Las Vegas media on Thursday. New York-based Dreamscape didn't mention a specific number...
MGM Osaka Building Pause Could Delay Opening, Increase Costs
MGM Resorts International (NYSE: MGM) could face two scenarios it was hoping to avoid in Osaka: a delayed opening date and higher construction costs for its planned casino hotel in Japan’s third-largest city. As widely...
Endeavor Looking for Buyers for Sports Betting Biz, Including OpenBet
Endeavor Group Holdings, Inc. (NYSE: EDR) is looking to sell its sports betting and data arm comprised of OpenBet and IMG ARENA. The company said those divestments are part of an effort to pat with...
Penn CEO Quashes Takeover Speculation on Earnings Call
Penn Entertainment (NASDAQ: PENN) delivered second-quarter results earlier Thursday and recent speculation that the regional casino operator is a takeover target was briefly addressed on the company’s conference call with analysts. Regarding consolidation rumors of...
Apollo Seeking $550 Million Venetian Dividend
Apollo Global Management (NYSE: APO) is asking Nevada regulators to approve a $550 million distribution from the Venetian on the Las Vegas Strip, which is operated by the private equity firm. On Wednesday, the Nevada...
MGM, Red Rock Insiders Buy Stocks Amid Slumps
High-ranking executives at MGM Resorts International (NYSE: MGM) and Red Rock Resorts (NASDAQ: RRR) are buying shares in their companies as the stocks slump. New filings with the Securities and Exchange Commission (SEC) indicate at...
