4024 stories by Todd Shriber
How Marriott Bonvoy Points Convert to MGM Stays
When Marriott International and MGM Resorts International announced plans last July for their rewards partnership, MGM Collection with Marriott Bonvoy, a big question loomed: how will loyalty rewards accrued with one company be usable with the other? Now, more details have emerged....
Melco Earnings Growth Can Aid Debt Reduction
Melco Resorts & Entertainment (NASDAQ: MLCO) is likely on pace to grow earnings before interest, taxes, depreciation, and amortization (EBITDA). That should be enough going forward to reduce leverage over the next year to two years to levels last seen before the...
Caesars Insiders Buying Up Gaming Stock
Shares of Caesars Entertainment (NASDAQ: CZR) are down 19.6% over the past year, which is disappointing when considering the S&P 500 is higher by 29.2% over the same stretch. However, executives at the gaming company have used the weakness in their employer’s...
Steve Cohen, Hard Rock Lead New York Casino Lobbying Spending Spree
New York City lobbyists spent nearly $131 million last year wooing politicians on a variety of issues, including casinos. Not surprisingly, gaming companies were among the biggest spenders. A new report from the Office of the City Clerk indicates the biggest spenders...
Rush Street Interactive Probably Not Near-Term Takeover Target, Says Analyst
High-flying Rush Street Interactive (NYSE: RSI) probably won’t command $1.5 billion in a takeover offer over the near term. That’s the take of Susquehanna analyst Joseph Stauff who, in a new report to clients on Monday, downgraded shares of the online sportsbook...
Golden Entertainment Joins List of Casino Dividend Payers
Golden Entertainment (NASDAQ: GDEN) is now among the group casino operators paying investors a quarterly dividend. In conjunction with its fourth-quarter earnings report on Thursday, the Strat operator announced that it initiated a quarterly dividend of 25 cents a share. The distribution...
Long Island Casino Spat Intensifies as Blakeman Hits Hofstra with Collusion Claims
The divide between supporters of a Long Island casino plan and opposition groups, including Hofstra University, widened this week as Nassau County Executive Bruce Blakeman (R) continued to claim the college is colluding with a group angling for a Queens casino permit...
Boyd Gaming Boosts Quarterly Dividend 6 Percent
Boyd Gaming (NYSE: BYD) announced Thursday that it's increasing its quarterly dividend by 6.3%, rising to 17 cents a share from 16 cents. The payout hike implies a forward dividend yield of 1.06%, up from the current level of 0.99%, based on...
IGT Global Gaming, PlayDigital Combining with Everi in $6.2B Deal
International Game Technology (NYSE: IGT) announced a long-awaited move for its global gaming and PlayDigital units, telling investors Thursday that those businesses will merge with Everi (NYSE: EVRI) in a $6.2 billion deal. Under the terms of the transaction, IGT investors will...
Melco Resorts One of 10 Best Stocks Under $10, Says Morningstar
For less than the price of a Big Mac in some parts of the U.S., an investor can acquire two shares of Melco Resorts & Entertainment (NASDAQ: MLCO). That's to say, by price tag, the casino operator is cheap. So cheap that...
