4978 stories by Todd Shriber
MGM Applauds Commerce Secretary’s China Visit
U.S. Commerce Secretary Gina Raimondo is kicking off a four-day trip to China to discuss trade and tourism with officials in the world’s second-largest economy. MGM Resorts International (NYSE: MGM) lauded the move. MGM controls about 56% of MGM China, which runs...
FanDuel, NASCAR Announce Partnership
FanDuel and the National Association for Stock Car Auto Racing (NASCAR) announced a deal on Friday in which the sportsbook operator will become an authorized gaming operator of the motorsports series. Financial terms of the multiyear accord weren’t disclosed. As part of...
Sphere Entertainment Has ‘Too Many Unknowns,’ Says Analyst
Sphere Entertainment (NASDAQ: SPHR), the owner of the MSG Sphere on the Las Vegas Strip, may be leaving analysts and investors with more questions than answers. That’s the take of Macquarie analyst Paul Golding, who reiterated a “neutral” rating on the stock...
Blackstone Selling Bellagio Stake to Realty Income for $950M
Blackstone’s (NYSE: BX) Blackstone Real Estate Income Trust (BREIT) is selling 21.9% of its interest in the real estate of Bellagio on the Las Vegas Strip to Realty Income (NYSE: O) for approximately $950 million, valuing the iconic venue at $5.1 billion....
Bally’s Temporary Chicago Casino Could Open in Early September
The long-awaited debut of Bally’s temporary Chicago casino could arrive soon after the Labor Day holiday on September 4. Officials from the Illinois Gaming Board (IGB) will inspect Medinah Temple, the site of the temporary casino, on September 5. The following two...
Venetian Las Vegas Debuts New Yahoo! Sportsbook
The Venetian Resort Las Vegas announced Thursday the debut of its new Yahoo! Sportsbook, which will be supported by William Hill technology. The more than 12,000-square-foot venue is located on the main casino floor of the Strip casino hotel, and is the...
Wynn Resorts Upsizes Bond Tender Offer
Wynn Resorts (NASDAQ: WYNN) has boosted the size of a recently announced tender offer for a portion of its senior notes maturing in 2025. Earlier this month, the casino operator said it would repurchase $300 million worth of that debt, which bears...
China Economic Woes Not Yet Weighing on Macau
Macau’s six casino operators are forecast to notch in aggregate third-quarter earnings before interest, taxes, depreciation, and amortization (EBITDA) at 80% of the levels seen before the onset of the coronavirus pandemic, according to Morgan Stanley. That could be a sign that...
Millennials Place Most Sports Bets, Black Men Wager More Frequently Than White Males
In terms of frequency of wagering, millennials bet on sports more than other age groups and within that demographic, Black men place more wagers than their white counterparts. That’s according to a survey by Men’s Health that served as the foundation for...
Billy Walters Claims Steve Wynn Lobbied Trump Against Pardon
Billy Walters, the legendary sports bettor, claimed a long-running spat with Steve Wynn is the reason former President Donald Trump commuted his insider trading sentence rather than granting him a full pardon. In his widely anticipated autobiography, "Gambler: Secrets from a Life...
