5359 stories by Todd Shriber
Wynn Resorts Credit Rating Upgraded by S&P, Still Junk Grade
Wynn Resorts' (NASDAQ: WYNN) credit rating was upgraded one notch to “BB-“ from “B+” by Standard Poor’s (S&P). The same action was applied to Wynn Macau's corporate credit profile. With the move to “BB-“, Wynn’s credit grade is still three notches below...
Marriott Planning New Hotel Near Wynn UAE Casino Resort
Marriott International recently unveiled plans for the JW Marriott Al Marjan Island Resort and JW Marriott Residences Al Marjan Island, located near the under-construction Wynn Al Marjan Island in the United Arab Emirates (UAE). The Marriott development carries an estimated price tag...
Sports Betting Seen as Best Hope for Georgia Gaming Expansion
If Georgia lawmakers approve gaming expansion in the state next year, sports betting is likely to carry the day, likely leaving casinos and pari-mutuel behind. According to polls taken early this year, votes in the Southern state favor both casinos and sports...
Penn Entertainment Stock Soars on ESPN Bet Enthusiasm
Penn Entertainment (NASDAQ: PENN) ranked as one of Monday’s best-performing gaming stocks amid enthusiasm for the newly launched ESPN Bet mobile sports wagering application. The regional casino operator launched ESPN Bet in 17 states on November 15 with its new iGaming brand,...
Sands Could Face Protracted Legal Battle in Bid for New York Casino
Las Vegas Sands could be in for a prolonged legal tussle as part of its plans to bring a $4 billion casino hotel at the site of the Nassau Veterans Memorial Coliseum in Uniondale, NY. Earlier this month, the appellate division of...
Bally’s Insiders Benefit from A’s Move, Bought Stock in Advance of MLB Vote
Bally’s (NYSE: BALY) insiders apparently gobbled up shares of the previously downtrodden stock in advance of Thursday’s Major League Baseball (MLB) owners' vote. That tally paved the way for the Oakland Athletics (A’s) to move to Las Vegas, where the gaming company...
DraftKings Merits Caution, Says Research Firm
Following another impressive run this week, shares of DraftKings (NASDAQ: DKNG) are higher by 38.31% over the past month and have surged 236.60% year-to-date, but some analysts believe some caution should be applied to the high-flying gaming company. This month, the online...
Melco Resorts Credit Outlook Upgraded by Moody’s
The outlook on Melco Resorts & Entertainment’s (NASDAQ: MLCO) credit rating was upgraded to “stable” from “negative” by Moody’s Investors Service. That move comes on the heels of strong third-quarter results issued last week by the City of Dreams operator. Rising gross...
California Nations Indian Gaming Assn. Officially Opposes Sports Bet Effort
The California Nations Indian Gaming Association (CNIGA) on Thursday officially opposed a pair of recently floated initiatives aimed at putting the matter of sports betting before the state’s voters in 2024. The Sports Wagering Regulation and Tribal Gaming Protection Act, which surfaced...
Oakland A’s Officially Secure Move to Las Vegas, Gaming and Leisure Properties Applaud Decision
It’s official. Following a unanimous vote earlier Thursday by Major League Baseball’s (MLB) owners, the Oakland Athletics (A’s) are moving to Las Vegas. As the owner of the land on which a new stadium will eventually be constructed, Gaming and Leisure Properties...
