5251 stories by Todd Shriber
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...
Super Group Forecasts 2023 Sales of $1.48B, 2024 US Spending to Decline
Betway parent Super Group (NYSE: SGHC) reiterated 2023 revenue and earnings before interest, taxes, depreciation, and amortization (EBITDA) forecasts Friday at the 26th Annual Needham Growth Conference. The sportsbook operator said it expects to have posted sales of $1.48 billion on EBITDA...
Genting Allocating Another $100M to New York Casino Unit
Genting Malaysia is again devoting capital to its struggling Empire Resorts unit, this time pledging $100 million to the New York casino operator. In a new regulatory filing, Genting Malaysia told investors that the $100 million flowing to Empire Resorts will come...
MGM Acquires Small Strip Land Parcel Between Bellagio and Cosmopolitan
MGM Resorts International (NYSE: MGM) quietly purchased 1.62 acres of land on the Las Vegas Strip last May. The property is located in between the Bellagio and the Cosmopolitan, both operated by MGM. The land is south of the famed Bellagio fountains,...
Gaming and Leisure Properties Open to Tropicana Sale, Chicago Casino Buy
Gaming and Leisure Properties (NASDAQ: GLPI) could consider selling the Tropicana Las Vegas casino hotel for the right price. That's if the buyers are committed to maximizing the value of the property. That’s the take of Truist Securities analyst Barry Jonas following...
