5402 stories by Todd Shriber
Osaka Casino Could Wrest Profitability Crown from Singapore Rivals
Marina Bay Sands and Resorts World Sentosa, the only integrated resorts in Singapore, are two of the most profitable casino resorts in the world. But that status could be threatened by the emergence of a rival venue in Osaka. Last week, Japan...
Genting Not Rethinking Decision to Scrap Japan Plans
Japan signed off on Osaka as the country’s first casino resort. But that’s not enough to prompt Genting Singapore to revisit its scuttled plans to bid for a gaming license in the country. Amid news that the Osaka scheme is moving forward...
Disney CEO Bob Iger Lukewarm on Sports Betting
In his second stint as chief executive officer of ESPN parent Walt Disney (NYSE: DIS), Bob Iger appears to accept sports betting is part of the equation for the broadcasting giant. But he wants to keep it at arm’s length. In a...
PointsBet Reportedly Exploring US Sale, Bally’s Could Bid
PointsBet (OTC: PBTHF) reportedly engaged investment bank Moelis & Co. to explore a sale of its North American operations. It's a sign the company wants to focus on its more profitable Australian business. Both PointsBet arms have been the subject of long-running...
Texas Region Could Benefit from Casinos
The Texas legislature is considering multiple bills pertaining to casino gaming and sports wagering. While it remains to be seen if any will pass, some economists are already speculating on the potential benefits and drawbacks of gaming expansion in the state. Under...
Las Vegas Sands Earns Bullish Call in New Coverage
With the Macau recovery proving stronger than many analysts and experts forecast, Las Vegas Sands (NYSE: LVS) ranks as one of 2023’s best-performing gaming equities. Its 17% gain is well ahead of major equity benchmarks. At least one analyst sees more upside...
MGM Osaka Casino Pitch Likely to Be Confirmed
In what could be a boon for MGM Resorts International’s (NYSE: MGM) global expansion efforts, Japanese policymakers appear poised to sign off on the development of a casino resort in Osaka. Various Japanese media outlets reported Prime Minister Fumio Kishida’s government could...
MGM, Sands, Wynn Shares Could Get New York Casino Boost, Says Analyst
The competition for three downstate casino licenses in New York is a long way from being decided. But one analyst is already forecasting potentially significant share price impacts for three contenders. In a note to clients on Tuesday, Bank of America’s Shaun...
Everi Buying Select Video King Assets for $59M
Everi Holdings (NYSE: EVRI) announced Tuesday it's acquiring certain assets of Video King for $59 million. It's a deal the buyer says will be immediately accretive to cash flow and adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA). The transaction, which...
Wynn Resorts Earns Price Target Boost on Macau Rebound
Shares of Wynn Resorts (NASDAQ: WYNN traded modestly higher Monday after a sell-side analyst lifted his price target on the stock, citing a strong rebound in Macau gross gaming revenue (GGR). In a note to clients Monday, JP Morgan analyst Joseph Greff...
