5402 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 ...
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...
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...
Reno Firecreek Casino Halted Due to Tough Financing Environment
Elevation Entertainment is halting the Firecreek Crossing Resort-Casino plans in Reno, citing a rough financing environment. The news arrived about a year after the company announced plans for the venue. Firecreek Crossing Resort-Casino would have been the newest casino in Reno, following...
Flutter Eyes Jan. 29 NYSE Listing, to Be Removed from EUROSTOXX Index
Flutter Entertainment (OTC: PDYPY) told investors it's eyeing Monday, Jan. 29, for its debut on the New York Stock Exchange (NYSE). That announcement follows a 20-F filing with the Securities and Exchange Commission (SEC). The FanDuel parent is expected to trade in...
Singapore GGR Could Jump 10% in 2024, Says Ratings Agency
After posting what’s likely to be a 15% increase in gross gaming revenue (GGR) this year, Singapore’s two integrated resorts could notch a 10% GGR jump in 2024. That forecast arrived courtesy of Fitch Ratings, which noted GGR generated this year by...
