5402 stories by Todd Shriber
MGM, Galaxy Entertainment Signal Interest in Thailand Casinos
Thailand isn’t home to casino resorts, but that could change, and some operators are looking to get a head start on that shift. Galaxy Entertainment and MGM Resorts International (NYSE: MGM) are rumored to be part of that group. Citing unidentified sources...
Macau Casino Stocks Could Be Boosted by China Stimulus Plans
China is mulling a fresh round of monetary stimulus to support the country’s battered property market and those efforts could benefit Macau casino stocks. Prior efforts to support the flailing real estate market in the world’s second-largest economy helped avoid outright collapse...
Las Vegas Sands Top Macau Stock Pick, Says Macquarie Analyst
As confirmed by May’s gross gaming revenue (GGR) report, the Macau recovery continues. But analysts have their individual preferences among the related equities. In a note to clients on Thursday, Macquarie analyst Chad Beynon said Sands China parent Las Vegas Sands (NYSE:...
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...
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...
