5081 stories by Todd Shriber
Bally’s Open to Selling Tropicana Las Vegas Lease, Cuts 300 Digital Jobs
In conjunction with its third-quarter earnings report -- one that sent the stock reeling to a 14.80% loss on Wednesday -- Bally’s (NYSE: BALY) announced it will reduce its headcount by 300. Executives added they could be open to selling the lease...
Caesars Continues Paring Debt, Digital Unit Notches Profit
Caesars Entertainment (NASDAQ: CZR) delivered consensus-beating third-quarter results late Tuesday, telling investors its Caesars Digital unit posted EBITA (earnings before interest, taxes, depreciation, and amortization) profit of $2 million following a year-earlier loss of $38 million. The casino giant also continued whittling...
Vornado Realty Unlikely to Chase New York Casino Permit
Vornado Realty Trust (NYSE: VNO), one of the largest real estate investment trusts (REITs), isn't likely to give chase to a New York City casino license. Vornado Chairman and CEO Steve Roth commented to that effect on the REIT’s third-quarter earnings conference...
Mesquite Gaming Could Be Readying Sale
Mesquite Gaming, LLC, the owner of two casino resorts in the Nevada town of the same name, appears to be on the auction block. The agenda for the Nevada Gaming Control Board’s (NGCB) Wednesday, November 1 meeting indicates the regulatory agency is...
New York Casino Awards Likely in 2025 as ‘Circus’ Takes Shape, Says Analyst
New York regulators are unlikely to award three downstate casino licenses next year, likely pushing the matter off to 2025 as the state extends its reputation as “the circus” of casino politics. That’s the sentiment of B Global Advisors Brendan Bussmann. In...
Bally’s Risk-Reward Looks Interesting After Slump
Following a lengthy slump in which the stock has shed nearly a third of its value over the past month and 53.72% year to date, shares of Bally’s (NYSE: BALY) could be primed for a relief rally. That’s the take of Stifel...
Thailand House of Reps Forms Casino Committee
Just before the conclusion of its current session, Thailand’s House of Representatives voted to form a new 60-member committee that will study the issue of casino gaming in the Southeast Asian country. The newly formed committee differs from a previous iteration tasked...
Marriott, MGM Postpone Points Partnership Following Cyberattack
Marriott International and MGM Resorts International will delay their widely anticipated customer loyalty partnership until next year after the casino operator endured a ransomware attack in September. In July, the two travel and leisure behemoths announced the MGM Collection with Marriott Bonvoy....
California Tribes Quick to Chide New Sports Betting Proposals
Tribal gaming operators in the state have widely criticized a pair of California sports wagering proposals that emerged Friday. That's following a filing with the state attorney general’s office by representatives of an unidentified Native American tribe. A filing for The Sports...
Two Tribal Sports Betting Proposals Filed in California
It’s widely believed that prospects are dim for the passage of sports wagering initiatives in California in the 2024 election cycle. Two proposals seeking to put the matter before voters in the largest state emerged Friday. A filing with Attorney General Rob...
