5215 stories by Todd Shriber
Caesars Price Target Lowered on Limited F1 Impact
CBRE analyst John DeCree pared his price target on Caesars Entertainment (NASDAQ: CZR), citing negative impact from the recent labor negotiations with the Culinary Union and limited benefit provided to the operator from November’s Las Vegas Grand Prix. In a new report...
Marriott, MGM Share Details of Points Partnership
Marriott International and MGM Resorts International have finally shared details of their upcoming customer loyalty partnership, MGM Collection with Marriott Bonvoy. While the program won’t feature a conversion of Marriott Bonvoy points to MGM Rewards, it will go the other way, with...
Marina Bay Sands Ranked Most Valuable Casino Gaming Brand
Las Vegas Sands’ Marina Bay Sands is the most valuable casino gaming brand, according to Brand Finance’s newly released 2024 rankings. The Singapore casino hotel ranked 368th, the same spot as in 2023. One of two integrated resorts in the city-state, Marina...
Las Vegas Sands Corporate Jet Tab Takes Off, Second Among S&P 500 Firms
Las Vegas Sands (NYSE: LVS) spent $3.2 million on corporate jet travel for high-ranking executives in 2022, the second-highest tally among all S&P 500 member firms. The largest casino operator by market capitalization shelled out $3.2 million for the perk in 2022,...
Caesars Tussling with Bally’s, Mohegan to Retain Ontario Casino License
Caesars Entertainment (NASDAQ: CZR) has operated its eponymous casino in Windsor, Ontario, since the venue opened three decades ago. However, the company faces competition for those rights for the first time. The Ontario Lottery and Gaming Corp., the regulatory agency that officially...
Fontainebleau Las Vegas Loses Two More Execs, Three Now Gone in Weeks
It’s only been a month since Fontainebleau Las Vegas opened its doors, but the Strip casino resort has already lost three marquee executives. Various media outlets reported that Chief Operating Officer (COO) Colleen Birch and Chief Marketing Officer (CMO) Shane Smith left...
Macau Q4 Earnings Slated to Rise, Led by Melco, Wynn, Others
Fourth quarter earnings before interest, taxes, depreciation, and amortization (EBITDA) for the six Macau concessionaires are expected to rise 6% in aggregate, led by SJM Holdings and Wynn Macau. That's according to Citi analysts George Choi and Ryan Cheung. In a new...
Fontainebleau Miami Owner Hopes Political Donations Secure New Casino
With multiple gaming expansion bills on the docket in the Florida legislature this year, Fontainebleau Miami Beach owner Jeffrey Soffer has been opening his wallet to state politicians in hopes of bringing a casino to the famed hotel. Recent campaign finance reports...
Bally’s Name Officially Adorns Former Trump Golf Course in Bronx
The golf course in the Bronx, N.Y. that formerly bore the Trump name is now officially “Bally Links,” named for the regional casino operator. The change occurred Thursday and with that, the large sign that previously read “Trump Links” is no longer....
ESPN Bet Rapidly Outperforming Barstool Sportsbook
Penn Entertainment’s (NASDAQ: PENN) ESPN Bet mobile sports wagering application has been live for about two months and in that brief period, state-level data indicate the app is outperforming predecessor Barstool Sportsbook. The app debuted in 17 states on November 14 on...
