4977 stories by Todd Shriber
Macau Ranks Fourth Among Cities Where Tourists Spend Most
Even with the headwinds of coronavirus travel restrictions, Macau ranked fourth among global cities in 2022 in terms of money spent by tourists. In 2022, visitors to the special administrative region (SAR), the lone Chinese territory where gaming is permitted, spent $15.58...
Las Vegas Sands Seeking Tax Breaks for Long Island Casino
Las Vegas Sands wants to open a $4 billion integrated resort in Uniondale, NY, and will reportedly ask Nassau County for some tax relief. The gaming company’s proposal recently won the support of County Executive Bruce Blakeman, and the legislature there last...
Las Vegas Sands in Wait-and-See Mode on Thailand Casino
Las Vegas Sands is taking a pragmatic approach to possible expansion in Thailand, acknowledging the concept of casino gaming in the Southeast Asian nation is in its infancy. It’s been more than a year since rumors surfaced regarding the operator’s interest in...
Casino Stocks Could Participate in Cyclical Rebound
Amid financial market fervor for artificial intelligence (AI), sleepier cyclical stocks -- including select shares of casino operators -- are languishing. Casino stocks have been punished in recent weeks, and the damage is widespread. Over the past month, the average loss incurred...
Century Casinos Real Estate Optionality Is Stock Catalyst, Says Analyst
Century Casinos (NASDAQ: CNTY) could capitalize on its owned real estate to unlock shareholder value and reduce debt. That’s the take of Stifel analyst Jeffrey Stantial, who highlighted Century's real estate optionality in a new report to clients. The regional casino operator...
Ex-Gov. Rick Perry: Texas Sports Betting Fight Will Continue in 2025
As expected, legislation to put the matter of sports wagering before Texas voters died upon advancing to the state Senate. But former Gov. Rick Perry (R-TX) remains optimistic the issue could be successful in 2025. Now a spokesman for the Texas Sports...
Related Cos. Pitches $10B Hudson Yards Plan, Including Wynn Casino
Real estate developer Related Cos. pitched a $10 billion proposal to develop the western part of Hudson Yards on the West Side of Manhattan, featuring a Wynn Resorts casino as a centerpiece. Related CEO Jeff Blau revealed the plan to the New...
Genius Sports Could Be Hidden Gem Among Sports Betting Stocks
Shares of sports betting data provider Genius Sports (NYSE: GENI) are higher by nearly 57% year-to-date. On May 26, they closed at the highest levels since February. A sell-side analyst believes the stock has more upside ahead. In a recent note to...
Red Rock, Jilted By A’s, Can Still Monetize Stadium Land
Last month, Red Rock Resorts (NASDAQ: RRR) and the Oakland Athletics had a “binding” agreement in place. The deal was regarding Las Vegas land to be developed into a Major League Baseball (MLB) stadium. Until they didn’t. “Binding” turned into “scrapped,” when...
Resorts World Las Vegas to Emphasize Mass Market Following Sluggish Q1
Genting Berhad plans to shift the points of emphasis at Resorts World Las Vegas to mass market players and convention business following tepid first-quarter results at the Strip venue. The $4.3 billion venue, which turns two years old next month and is...
