5449 stories by Todd Shriber
Macau Outlook Brightens as Profitability Returns
China only recently relaxed its draconian zero-COVID policy. But it appears to be paying immediate dividends for Macau casino operators, which are already believed to be profitable. While the six concessionaires are forecast to report fourth-quarter earnings before interest, taxes, depreciation, and...
SL Green Bullish on Caesars Partnership, Times Square Casino Plan
SL Green is already the largest New York City’s largest commercial real estate developer, and the company is looking to add a casino-hotel to its expansive portfolio. Last October, the real estate investment (REIT) announced it is partnering with Caesars Entertainment in...
Harry Reid Airport Could Benefit From Increased China Travel
China recently relaxed its zero-COVID policy, which could pave the way for more travel by that country’s tourists to the US. Domestic airports, including Las Vegas’ Harry Reid International Airport, could see pandemic recovery efforts bolstered by a renewed influx of flights...
Macau Concessionaires Could Be EBITDA Positive in Q1 – Morgan Stanley
Following a lengthy run of losses, Macau concessionaires could turn positive on the basis of earnings before interest, taxes, depreciation, and amortization (EBITDA) in the current quarter, according to a team of Morgan Stanley analysts. On the heels of China recently relaxing...
Madison Square Garden Entertainment Confirms Spin-Off, MSG Sphere Plans
Madison Square Garden Entertainment Corp. (NYSE: MSGE) has announced that it's moving ahead with a spin-off of its live entertainment business. That means investors will receive shares in a company holding the Sphere on the Las Vegas Strip, and potentially, Tao Group...
Macau Casino Companies to Prioritize Capital Spending Over Near Term
The six Macau casino operators are likely to focus on required capital spending over the near term before turning attention to operating expenditures. That’s the take from S&P Global Ratings. They recently noted the six concessionaires in the special administrative region (SAR)...
Sands Long Island Casino Plan Already Drawing Opposition
Las Vegas Sands is already facing opposition, albeit modest, to its recently revealed proposal to turn Nassau Veterans Memorial Coliseum in Uniondale, NY into a casino-hotel. The gaming company announced that plan on Thursday, and the following day, a small number of...
Dallas Cowboys Owner Jerry Jones Wants Texas to Consider Legalizing Sports Betting
Dallas Cowboys owner Jerry Jones believes the time is right for Texas to consider approving sports wagering, citing potential benefits for the second-largest state. Jones made the remarks in a Friday interview on K&C Masterpiece on 105.3 The Fan . His comments...
Full House Resorts Could Be Earnings Winner Thanks to New Casinos
Full House Resorts (NASDAQ: FLL) could deliver earnings per share (EPS) growth this year, as the operator opens two new casinos to the public. That’s the sentiment of CBRE analyst John DeCree, who restarted coverage of the regional casino company today with...
Super Group Announces $25M Share Repurchase Plan
Betway parent Super Group (NYSE:SGHC) announced today it will repurchase up to $25 million worth of its common stock over the course of 2023. The company revealed the share repurchase program after the close of US markets, sending the stock higher by...
