5081 stories by Todd Shriber
MGM CFO Halkyard Says F1 Broke Vegas Records, Sees More Share Buybacks
The November 18 Las Vegas Grand Prix, Formula One’s (F1) first visit to Sin City in four decades, delivered for Strip operators as the event represented the highest-grossing weekend in the history of MGM Resorts International (NYSE: MGM). Jonathan Halkyard, chief financial...
Miriam Adelson Using Sands Stock Cash to Buy Dallas Mavericks Majority
Dr. Miriam Adelson will reportedly use proceeds from a $2 billion sale of Las Vegas Sands (NYSE: LVS) equity and cash on hand to acquire what’s believed to be a majority interest in the NBA’s Dallas Mavericks. While the exact percentage of...
Miriam Adelson Selling $2B in Sands Stock, Company to Buy Back $250M
Dr. Miriam Adelson and the Miriam Adelson Trust are selling $2 billion worth of Las Vegas Sands (NYSE: LVS) stock in a transaction that won't generate any proceeds for the gaming company her late husband, Sheldon Adelson, founded. Bank of America Securities...
New York Pitches Zoning Law Changes to Accommodate Casinos
Mayor Eric Adams (D-NY) is hoping to alter some New York City zoning laws in an effort to be more accommodating to proposed casino hotels. Under the changes proposed by the Adams Administration, gaming venues could be located in the city’s manufacturing...
California Sports Betting Not Making Headway with Voters
California sports betting isn’t making much headway with state voters this year. That's compared to the 2022 election cycle, in which a pair of sports betting ballot initiatives were soundly defeated in the state. That could further confirm that the introduction of...
Elys Game Technology Rallies on DC, US Expansion Plans
Shares of Elys Game Technology (OTC PINK: ELYS), a gaming technology provider, rallied Tuesday after the company said it will add a third retail sportsbook in Washington, DC, adding that it plans to expand into several states. The company provides sports betting...
Entain Suffers Double Downgrade by Goldman as Activists Circle
Entain (OTC: GMVHF) endured a double downgrade by Goldman Sachs with the bank lowering its rating on the gaming stock to “sell” from “buy" late Monday evening. In skipping over “hold,” Goldman slashed its price target on the Ladbrokes owner by 43.4%...
Flutter Stock Sell-off Overdone, US Listing Potential Catalyst, Says Analyst
Shares of Flutter Entertainment (OTC: PDYPY) are up 13.77% year to date. But gaming equity has entered a bear market over the past six months. At least one analyst argues the repudiation is overdone, and positive catalysts lie ahead for the stock....
MGM Top-Ranked Casino Company for Veterans Employment
MGM Resorts International is one of the highest-ranked employers for military veterans, and the only casino operator to appear on MiltaryTimes’ “Best for Vets 2023 Employers” list. Overall, the largest operator on the Las Vegas Strip placed 50th out of 230 firms...
Pansy Ho Not Liquidating MGM China Equity Stake
Pansy Ho, cochairperson at MGM China, is unlikely to materially alter her stake in the gaming company, despite a recent move that suggests otherwise. Ho, Macau casino patriarch Stanley Ho’s eldest daughter, recently deposited the entirety of her equity interest in MGM...
