5135 stories by Todd Shriber
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...
BetMGM Sees Las Vegas Grand Prix Shattering Race Handle Records
It’s Las Vegas Grand Prix Week in Sin City, and the return of Formula One (F1) to the U.S. casino center. The event will generate record weekend betting tallies for Strip integrated resorts. Sportsbooks will get in on that action, too. BetMGM...
Emerald Island, Rainbow Club Casinos Acquired by ECL Hospitality
The Emerald Island and Rainbow Club casinos, located in downtown Henderson, Nev., are being sold to a unit of ECL Hospitality Management, LLC. Boulder Highway Gaming, LLC and Water Street Gaming, LLC are the sellers of the gaming establishments, the former of...
Thai Casinos Could Stir Corruption, Human Trafficking, Says Paper
Thailand could be the next great casino frontier in the Asia-Pacific region. However, naysayers believe the addition of integrated resorts in the Southeast Asian nation could facilitate more corruption and stir up increased human trafficking. In a new op-ed, the Bangkok Post...
Ainsworth Game Technology Considers Going Private
Ainsworth Game Technology, the Australian gaming device maker, is considering going private, which would remove its shares from the Australia Stock Exchange (ASX). In a filing with Australian securities regulators, the gaming company revealed that it’s considering strategic alternatives. It hired Macquarie...
DraftKings Hits New 52-Week High Following Investor Day
DraftKings (NASDAQ: DKNG) jumped 4.13% today on volume nearly double the daily average, ascending to a new 52-week high following bullish commentary from the gaming company at its investor day. After lifting 2023 earnings before interest, taxes, depreciation, amortization (EBITDA) and revenue...
MGM Could Wait Before Bidding Anew for Entain
If MGM Resorts International (NYSE: MGM) is mulling another acquisition bid for Entain Plc (OTC: GMVHY), it could take a while for that offer to come to light. That’s the take of Jefferies analyst James Wheatcroft who, in a new note to...
Mercedes to Ban F1 Team from Las Vegas Casinos, Aston Martin May Follow Suit
The Las Vegas Grand Prix, Formula One’s (F1) much-ballyhooed return to Sin City, commences this week, with the race slated for Saturday night. Some teams are already taking steps to keep drivers and employees focused on the task at hand. Mercedes team...
IGT Slump Symptom of Speculation, Not Fundamental Erosion, Says Analyst
Shares of International Game Technology (NYSE: IGT) are off 13.37% over the past month and are 22% to the downside removed from the stock’s 52-week high, exceeding the definition of a bear market. But at least one analyst believes the slump is...
Macau Casino Stocks are Again Deeply Discounted
Third-quarter earnings updates from the six Macau concessionaires were mostly strong. But shares of the casino operators haven’t reacted, and the stocks are now unusually discounted. So much so that the combined market capitalization of the six gaming companies doing business in...
