4975 stories by Todd Shriber
Hofstra Notches Legal Win in Nassau County Casino Suit
Hofstra University has secured a legal victory in blocking Nassau County from transferring the lease on Nassau Veterans Memorial Coliseum to Las Vegas Sands. A New York appeals court handed down the ruling late Wednesday, potentially establishing a hurdle to the gaming...
Meister’s Corvex Management Takes 4.4% Stake in Entain
Less than 24 hours after Jette Nygaard-Andersen resigned as chief executive officer of Entain (OTC: GMVHY), Keith Meister's Corvex Management revealed it took a 4.4% stake in the Ladbrokes owner. Corvex is a major investor in MGM Resorts International (NYSE: MGM), where...
Dallas Mayor Eric Johnson Pragmatic About Casino Idea
Mayor Eric Johnson (R-Dallas) isn't opposed to the idea of a casino hotel near the city. But he's not rushing to support such a plan, either. Instead, he says more discussion is needed on the matter. In remarks made Tuesday at a...
Sands, Wynn Tipped as Top Casino Stock Ideas for 2024
With challenges expected in 2024 for some domestic-heavy casino operators, Las Vegas Sands (NYSE: LVS) and Wynn Resorts (NASDAQ: WYNN) could be gaming stock winners in the new year. That's the outlook of Deutsche Bank analyst Carlo Santarelli, who highlighted Sands and...
Barstool Sports Won’t Hire Harvard, MIT, Penn Alums, Says David Portnoy
Barstool Sports founder David Portnoy said alumni of Harvard, the Massachusetts Institute of Technology (MIT), and the University of Pennsylvania are persona non grata at his company until the deans of those universities step down. He added that there will be an ...
Sands Stock Included in Dow Jones Sustainability Indexes
Shares of Las Vegas Sands (NYSE: LVS) will again be included in a pair of Dow Jones Sustainability Indices (DJSI). The same goes for the operator’s Sands China unit. For the eighth consecutive year, the largest US-listed gaming company by market capitalization...
Wynn Resorts Credit Rating Outlook Upped to Stable by Moody’s
The outlook on Wynn Resorts' (NASDAQ: WYNN) corporate credit rating was upgraded to "stable" from "negative" by Moody's Investors Service, which cited the operator's declining leverage as one of the reasons for the move. The rating agency affirmed the casino company's credit...
Penn Entertainment Breaks Ground on M Resort Expansion
Penn Entertainment held a groundbreaking ceremony Monday at the M Resort Spa Casino in Henderson, Nev. to mark the start of a significant expansion of the property. The Pennsylvania-based regional casino operator announced last October that the M, which is located about...
Sands, Wynn Among Growth Stocks Trading at Attractive Prices, Says Goldman Sachs
Investors searching for growth stocks trading at reasonable prices have plenty to pick from in the consumer discretionary sector, including Las Vegas Sands (NYSE: LVS) and Wynn Resorts (NASDAQ: WYNN). In a recent note to clients, Goldman Sachs offered up growth at...
Sands Group Bought Dallas Land Prior to Miriam Adelson Mavericks Deal
A limited liability corporation (LLC) with ties to Las Vegas Sands (NYSE: LVS) scooped up 108 acres of land near Texas Stadium in Irving, Texas, in July, just months before Dr. Miriam Adelson sold shares in the casino operator to fund her...
