5136 stories by Todd Shriber
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...
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...
Long Island Casino Environmental Review Moves Forward
Amid legal challenges from Hofstra University, an environmental review that’s a necessary component of Las Vegas Sands’ efforts to potentially build a casino hotel in Long Island, NY is proceeding. On Tuesday, policymakers in the town of Hempstead voted unanimously to make...
Sphere Entertainment Earns Price Target Lift as Profitability Emerges
After plunging Tuesday, shares of Sphere Entertainment (NYSE: SPHR) rallied Wednesday after the company forecast positive adjusted operating income (AOI) for its fiscal second quarter, an impressive feat when considering Wall Street was expecting a loss. Sphere detailed the profitability expectations in...
