5081 stories by Todd Shriber
Howard Hughes Holdings Planning New Las Vegas Strip Casino
Howard Hughes Holdings (NYSE: HHH) announced the creation of Seaport Entertainment -- a unit of the company that will control its Las Vegas and New York entertainment assets, potentially including a new Strip casino resort. The newly formed entity will control Howard...
MGM Didn’t Pay Hackers, Suffered Financial Consequences
MGM Resorts International (NYSE: MGM) reportedly refused the hackers that recently executed a ransomware attack on its US operations and will suffer a significant reduction in third-quarter earnings as a result. On Thursday, the Bellagio operator warned investors its third-quarter earnings before...
MGM Expects $100 Million Q3 Earnings Ding Due to Ransomware Attack
Shares of MGM Resorts International (NYSE: MGM) traded slightly lower in Thursday’s after-hours session after the casino operator said it expects third-quarter earnings before interest, taxes, depreciation, amortization, and restructuring or rent costs (EBITDAR) to be trimmed by $100 million due to...
Florida Flop: Single-License Model Could Dampen Sports Betting Revenue
When mobile sports wagering goes live in Florida, it’s likely to be exclusively controlled by Hard Rock International. That could limit revenue generation in the state, according to a sell-side analyst. In a note to clients on Thursday, JMP Securities analyst Jordan...
Clorox Expects Q1 Loss Following Attack by Caesars, MGM Hackers
Shares of consumer staples giant Clorox (NYSE: CLX) are lower by nearly 9% in midday trading Thursday. That's after the company warned investors it expects to report a fiscal first-quarter loss following a recent cyber attack. While the company behind the Brita,...
U.S. Integrity, Odds on Compliance Form Sports Betting Compliance Giant
U.S. Integrity and Odds on Compliance, two of the largest providers of sports wagering and gaming compliance services, have announced plans to merge. Las Vegas-based U.S. Integrity and Miami-based Odds on Compliance are both closely held companies. Financial terms of the transaction...
MTA Boss Lieber Has Financial Interest in New York Casino Project
John “Janno” Lieber, the chief executive officer of New York’s Metropolitan Transit Authority (MTA), has a stake in a West Side casino plan that’s stoking cries about conflicts of interest. Before joining the MTA as chief development officer in 2017, Lieber spent...
Gaming CEOs Bracing for Imminent, ‘Mild’ Recession
Despite a record-breaking pace of gross gaming revenue (GGR) in Nevada this year, gaming industry chief executive officers are concerned that a recession could hit the US economy and do so as soon as the current quarter. In the American Gaming Association’s...
Las Vegas Sands Stock Reassessed by Analyst Following Stumble
Like the broader complex of gaming equities, Las Vegas Sands (NYSE: LVS) has been mired in a multimonth slump that’s prompting at least one analyst to reassess their views on the largest casino stock by market capitalization. In a note to clients...
Golden Nugget Online Founder Departs DraftKings
Eighteen months after DraftKings (NASDAQ: DKNG) acquired the company he started, Golden Nugget Online Gaming (GNOG) founder Thomas Winter is leaving the gaming operator. Winter founded GNOG a decade ago, overseeing its rise from a privately held bit player in New Jersey...
