5316 stories by Todd Shriber
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...
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...
PointsBet Says Some Talks on Sale of US Biz are ‘Well Advanced’
It’s no secret that PointsBet (OTC: PBTHF) is a takeover target. In a new filing with the Australian Securities Exchange (ASX), the gaming company updated investors on plans to possibly sell its North American operations. Earlier this month, it was reported PointsBet...
Circa Sports Approved for Illinois Betting License, Eyes August Launch
The Illinois Gaming Board (IGB) approved Circa Sports on Thursday for a management services provider permit. That puts the sportsbook operator on pace to debut in the state as soon as August. Circa applied for an Illinois sports wagering license nearly a...
Genting Selling Miami Land to Local Developer for $1.23B
In what could set a record for urban real estate transactions in Florida, Genting Malaysia is poised to sell 16.5 acres of undeveloped real estate along Biscayne Bay for $1.23 billion. SmartCity Miami, a consortium led by David Martin’s Terra, is the...
Flutter Wins Shareholder Support for New York Stock Listing
Flutter Entertainment (OTC: PDYPY) investors have overwhelmingly supported a plan by the Irish sportsbook operator to pursue listing its shares in New York. At the gaming company’s annual meeting on Thursday, 99.99% of investors voted in favor of a US equity listing...
