5136 stories by Todd Shriber
Resorts World Las Vegas Gets Lowest Investment Grade Rating at Fitch
Fitch Ratings tagged Resorts World Las Vegas with a “BBB-“ credit rating, the lowest on the investment-grade spectrum. That’s one notch below the research firm’s “BBB” grade on Resorts World Las Vegas parent company Genting Bhd. Fitch notes the Strip venue is...
Caesars Regional Casinos Could Boost Stock, Says Analyst
Caesars Entertainment (NASDAQ: CZR) is the second-largest operator on the Las Vegas Strip. But the company’s extensive portfolio of regional casinos could be fuel for more upside in the stock. That’s the take of JPMorgan analyst Joseph Greff. In a new note...
Macau July Gross Gaming Revenue Could Be Best Since Start of COVID-19
Even with typhoon warnings acting as a headwind, Macau casino operators posted strong gross gaming revenue (GGR) through the first 16 days of July. That is positioning this month to be the best in GGR terms since the start of the coronavirus...
PlayUp Could Depart US Market as it Scrambles for Cash
Australian sportsbook operator PlayUp may consider departing the U.S. sports wagering market. That's as the company struggles to find a buyer and faces a need to raise capital. Currently, PlayUp offers mobile sports betting in Colorado and New Jersey, confirming its bit...
Play Synergy to Acquire Aruze Gaming Slot Machine Business
Empire Technological Group, which does business as Play Synergy, announced Monday that it's acquiring the U.S. slot machine operations of Aruze Gaming. In February, Aruze filed for Chapter 11 bankruptcy in the United States Bankruptcy Court for the State of Nevada. Last...
Marriott, MGM Loyalty Members Could Love New Licensing Agreement
Hotel giant Marriott International and MGM Resorts International on Monday unveiled the MGM Collection with Marriott Bonvoy. That long-term strategic licensing agreement covers MGM’s 17 domestic properties, including those on the Las Vegas Strip and the brand's regional casino hotels. Starting in...
Entain Extends Buying Binge with $266M Purchase of Angstrom Sports
Entain Plc (OTC: GMVHY) continued its acquisitive ways, announcing Monday it's purchasing sports analytics provider Angstrom Sports for $266 million in cash. The Ladbrokes owner will pay $106 million upfront and $159.71 million in contingent payments over three years. The transaction is...
Women Are Betting More…On Women’s Sports
Data confirm that in Europe, women are increasingly participating in sports wagering, and when they do so, they’re betting on women’s athletic competitions. That according to a recently published study by German Sports University Cologne. The “Breaking Barriers: Assessing Women’s Sports, Betting,...
Las Vegas Sands Called Top Casino Stock Idea by Morgan Stanley
Shares of Las Vegas Sands (NYSE: LVS) are already up 26.77% year-to-date, underscoring surprising congruence with the Macau rebound. Some analysts believe the stock is primed for more upside. In a new report to clients, Morgan Stanley analyst Stephen Grambling called Sands...
Aruze Gaming to Shutter Las Vegas Office, Cut 100 Jobs
Aruze Gaming, a manufacturer of electronic gaming devices for casinos, will shutter its Las Vegas headquarters in August, eliminating 100 jobs in the process. The company filed a notice with the Nevada Department of Employment, Training and Rehabilitation, noting those changes will...
