4982 stories by Todd Shriber
Caesars Q1 Earnings Disappoint, But CEO Tom Reeg Sounds Optimistic on Las Vegas
Caesars Entertainment (NASDAQ: CZR) reported a wider-than-expected first-quarter loss. But the casino operator beat its topline projecting, and its chief executive officer told analysts Las Vegas remains sturdy. The Harrah’s operator posted a loss of 63 cents a share on revenue of...
Wynn to Lean on Chinese Customers to Boost UAE Casino-Hotel
Wynn Resorts will rely on familiar clientele to kick-start its integrated resort in the United Arab Emirates (UAE) when the venue opens in early 2027: Chinese customers. The operator will also likely lean into its database of other loyal patrons to support...
NFL Players Union Tells Agents Sportsbooks are Ratting on Players Who Bet
The NFL Players Association (NFLPA), the union for the league’s players, is reportedly advising agents to impress upon clients to cease placing sports bets on their mobile phones because sportsbook operators are reporting such activity to the league. The news emerged less...
Canadian Crypto Platform Fraudulently Directed Client Funds to Online Casinos
EzBtc, formerly a Canadian cryptocurrency trading platform, allegedly diverted almost $9.6 million (CAD $13 million) in client funds to a pair of internet crypto casinos without their consent. The allegations were revealed Tuesday by the British Columbia Securities Commission (BCSC), equivalent to...
Portnoy’s Potential Departure Positive for Penn Entertainment Says Analyst
It’s not guaranteed to happen, but Barstool Sports founder David Portnoy could leave the company in the future, potentially increasing the pool of buyers should Penn Entertainment (NASDAQ: PENN) opt to sell the business. That’s the take of Roth MKM analyst Edward...
MGM Crushes Q1 Estimates as Las Vegas Revenue Soars to $2.2 Billion
On the back of strength across its entire casino portfolio, MGM Resorts International (NYSE: MGM) thumped first-quarter estimates. The Bellagio operator posted adjusted earnings per share (EPS) of 44 cents in the first three months of the year on revenue of $3.9...
Wynn Appoints Thomas Schoen President of UAE Casino-Resort
Wynn Resorts announced on Monday the appointment of hotel industry veteran Thomas Schoen as president of the operator’s upcoming integrated resort in the United Arab Emirates (UAE). That appointment arrived just days after the gaming company said Wynn Al Marjan Island will...
MGM Resorts Acquires Developer Push Gaming
MGM Resorts International (NYSE: MGM) announced Monday that it's acquiring game developer Push Gaming Holding Limited and its related subsidiaries. Financial terms of the deal, which is expected to close in the third quarter, weren’t disclosed. The transaction marks the first for...
Red Rock Takes Top Spot in Forbes Las Vegas Hotel Survey
Red Rock Casino, Resort & Spa is the top overall hotel in Las Vegas, according to a Forbes evaluation of casino resorts in the US gaming hub. It’s arguably a surprising honor for a venue about 12 miles from the Strip, but...
Wynn Reveals Name, Time Line for UAE $3.9B Casino Resort
Wynn Resorts has announced new details on its upcoming casino resort on Al-Marjan Island in the United Arab Emirates (UAE). At $3.9 billion, the project will cost $1.2 billion more than Wynn Las Vegas, which celebrated its 18th anniversary today. In the...
