5448 stories by Todd Shriber
MGM CEO Bill Hornbuckle Bullish on Las Vegas, Japan, Eyes UAE
MGM Resorts International (NYSE: MGM) CEO Bill Hornbuckle is bullish on the company’s positioning in Las Vegas, noting the operator stands to benefit from a slew of upcoming marquee events at local arenas and stadiums. In comments made Thursday at the Bank...
Credit Card Spending Trends Could Signal Softness Ahead for Casinos
Since the start of 2022, a period including a stretch of the highest inflation in 40 years and the highest interest rates in two decades, the casino gaming industry mostly dealt with macroeconomic headwinds with aplomb. Some data points indicate that could...
ESPN Bet Unlikely to Threaten FanDuel, DraftKings Dominance, Says Analyst
In news last month that temporarily rocked the sports wagering landscape, Penn Entertainment (NASDAQ: PENN) announced it will pay $1.5 billion over 10 years to license the ESPN Bet brand. That's while parting ways with Barstool Sports for a mere $1. While...
BetMGM Launches Famed Buffalo Slots on New Jersey Internet Casino
BetMGM announced the debut of Aristocrat Leisure’s beloved Buffalo on its iGaming platform in New Jersey, making it the first internet casino operator to leverage the famous slot title. Buffalo slots are available for play by BetMGM customers in New Jersey. The...
Circa on Hook for $3.5M in Overlays for Football Contests
With Saturday’s deadline to enter the Circa Million and Circa Survivor football contests right around the corner, the operator is staring at an overlay $3.5 million. The overlay is the amount Circa Sports must shell out to ensure the prize pools for...
MGM Japan Casino Debut Pushed to 2030, Cost Surges $1.29 Billion
MGM Resorts International’s planned casino resort in Osaka is contending with delays and higher-than-expected costs due to global inflation. The Las Vegas-based casino giant is partnering on the project with Japanese financial services conglomerate Orix and in April 2022, they were awarded...
Macau Mass, Premium Mass GGR Flirting with Pre-COVID Highs
In further confirmation of Macau’s recovery, gross gaming revenue (GGR) derived from mass market bettors is approaching pre-coronavirus pandemic levels while recent data suggests revenue attributable to premium mass players is exceeding 2019 levels. As measured by $2.15 billion in GGR, August...
DraftKings Stock Flashing Possible Buy Signal
Like other gaming stocks, DraftKings (NASDAQ: DKNG) struggled in August, but shares of the sportsbook operator gained 5.29% last week. That could be a sign of better things to come. Some market observers argue the recent pullback by the high-flying gaming stock...
Jim Murren Appointed Chairman of New UAE Gaming Regulator
Former MGM Resorts International (NYSE:MGM) CEO Jim Murren has been appointed chairman of the board of the General Commercial Gaming Regulatory Authority (GCGRA) -- the United Arab Emirates’ (UAE) newly formed gaming regulatory body. Murren, who led the Mandalay Bay operator for...
Fanatics Unveils Jersey Drop Promo for New Sportsbook Clients
Fanatics Betting and Gaming, the wagering arm of sports apparel giant Fanatics, is leveraging the parent company’s merchandise lineup to attract new bettors. Today, the operator announced the Fanatics Jersey Drop promotion. New clients of Fanatics Sportsbook or PointsBet US, which is...
