5082 stories by Todd Shriber
Genting Allocating Another $100M to New York Casino Unit
Genting Malaysia is again devoting capital to its struggling Empire Resorts unit, this time pledging $100 million to the New York casino operator. In a new regulatory filing, Genting Malaysia told investors that the $100 million flowing to Empire Resorts will come...
MGM Acquires Small Strip Land Parcel Between Bellagio and Cosmopolitan
MGM Resorts International (NYSE: MGM) quietly purchased 1.62 acres of land on the Las Vegas Strip last May. The property is located in between the Bellagio and the Cosmopolitan, both operated by MGM. The land is south of the famed Bellagio fountains,...
Gaming and Leisure Properties Open to Tropicana Sale, Chicago Casino Buy
Gaming and Leisure Properties (NASDAQ: GLPI) could consider selling the Tropicana Las Vegas casino hotel for the right price. That's if the buyers are committed to maximizing the value of the property. That’s the take of Truist Securities analyst Barry Jonas following...
Long Island Casino Detractors Want Environmental Review Stopped
Groups opposing Las Vegas Sands’ efforts to build a casino hotel at the site of the Nassau Coliseum in Uniondale, N.Y. want the nearby town of Hempstead to cease an environmental review that could smooth the way for the project. “Say NO...
New York Casino Bidders Could Take On Big Debt if Victorious
Operators vying for New York City casino permits could take on significant debt to execute those projects if they’re selected by the state. That's according to S&P Global Ratings, which in a new report, noted that the gaming companies that procure the...
Caesars Stock Draws Mixed Reviews from Analysts
Caesars Entertainment (NASDAQ: CZR) stock lagged the broader market in 2023, and is scuffling to start 2024, as highlighted by a 3.58% decline since the start of the year. While the name isn’t controversial, there is division among analysts covering the casino...
FanDuel Shells Out $71M for Beverly Hills Office
FanDuel, the largest online sportsbook operator in the U.S., recently paid $71 million for a new office in Beverly Hills, Calif. Despite that, neither iGaming nor sports wagering is permitted in the state, and it could be some time before that changes....
Churchill Downs, Sports Illustrated Team Up on Restaurant for Derby Week
Churchill Downs and Sports Illustrated have announced a naming rights deal for a new restaurant at the venerable home of the Kentucky Derby. Club SI, which was originally planned to be the 1895 Club, is expected to open ahead of the 150th...
Caesars Could Sell Indiana Casino Real Estate This Year
Reducing one of the gaming industry’s largest debt burdens remains a top priority for Caesars Entertainment (NASDAQ: CZR), and that objective could be assisted by divesting the real estate of a pair of Indiana casinos. In a new report to clients, Bank...
Venetian Las Vegas Rolling Out New Loyalty Program
The Venetian Resort Las Vegas will soon launch Venetian Rewards, a new customer loyalty program that will replace Grazie Rewards. Venetian Rewards is slated to debut in March, though an exact date wasn’t given. The new customer loyalty plan will feature four...
