5136 stories by Todd Shriber
Las Vegas Strip Nongaming Revenue Proving Sturdy, Says Analyst
Nevada casino companies notched gross gaming revenue (GGR) of $1.315 billion in October, the best October on record and the sixth-best month in history. But contributions from the nongaming side lifted Las Vegas Strip operators. Strip operators, such as Caesars Entertainment (NASDAQ:...
DraftKings Received Preferred Treatment on Polygon Network – Report
In October 2021, DraftKings (NASDAQ: DKNG) announced a partnership with the cryptocurrency Polygon to support debuts on nonfungible tokens (NFTs) on DraftKings Marketplace. At the time of that announcement, Polygon, which is based on the ethereum blockchain, was the number 21 digital...
Miriam Adelson’s $2B Sale of Sands Stock Won’t Affect Macau Unit
Earlier this week, Dr. Miriam Adelson and the Miriam Adelson Trust announced a $2 billion sale of Las Vegas Sands (NYSE: LVS) stock, news that sent the stock careening lower. An analyst, however, says the transaction won't have any adverse effects on...
Kindred Departing North America, Could Spur Sale
Kindred Group (OTC: KNDGF) announced Wednesday that it’s leaving the North American market and cutting 300 jobs in a move some industry observers believe could spur a sale of the Swedish gaming company. The operator said its departure from North America should...
It’s Official: Miriam Adelson Taking Control of Dallas Mavericks
Following rampant speculation on Tuesday, Dr. Miriam Adelson and the Miriam Adelson Trust announced Wednesday that they have entered into a binding pact to acquire a majority share of the NBA’s Dallas Mavericks. Rumors surfaced Tuesday when Las Vegas Sands (NYSE: LVS),...
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...
