4979 stories by Todd Shriber
MGM China Paying MGM Resorts up to $173M for Trademarks
MGM China announced it will pay as much as $173.2 million over three years commencing Jan. 1, 2023 to MGM Resorts International for use of the US-based company’s trademarks. MGM China, which operates two integrated resorts in Macau, said in a regulatory...
Penn Entertainment Approves New $750M Buyback Plan
Penn Entertainment (NASDAQ:PENN) has added to the buyback binge in the gaming industry, announcing the approval of a $750 million share repurchase plan. That’s in addition to a buyback program for the same amount announced by the Pennsylvania-based regional casino operator in...
Macau Stocks Might Be Ready for Another Close-Up with Investors
Since the coronavirus pandemic forced a 15-day closure of Macau casinos in February 2020, it’s been a long, often turbulent road for shares of concessionaires in the special administrative region (SAR). But light may be emerging at the end of the tunnel....
Rick’s Cabaret Bringing Casino-Strip Club to Colorado
Central City -- one of the three Colorado towns where casino gaming is legal -- might be getting a sultry addition to its gaming scene. RCI Hospitality Holdings, Inc. (NASDAQ: RICK), which is the company behind Rick’s Cabaret and several other well-known...
Joffre Capital Gives Big F-U to Phuk II Stake
Technology buyout fund Joffre Capital announced Thursday it's pulling the plug on a previously announced plan to acquire a controlling interest in Playtika (NASDAQ: PLTK). Joffre cited issues at the mobile gaming company and with the seller of the shares, Playtika Holding...
Floyd Mayweather Says He’s Involved with Times Square Casino Effort
Add Floyd Mayweather, Jr. to the list of big names involved with a plan to bring a casino to Times Square in New York City. In a recent interview with the Earn Your Leisure podcast, the 45-year old retired boxing champion says...
Madison Square Garden to Retain Las Vegas Sphere, Tao Group
Madison Square Garden Entertainment Corp. (NYSE:MSGE) updated investors on previously announced spin-off plans, and there are Las Vegas implications. The company announced late Tuesday it’s evaluating a potential transaction that would separate its live entertainment while retaining the MSG Sphere, MSG Networks,...
Apollo Doling Out $1.5K Bonuses to Venetian Employees
Employees at the Venetian Las Vegas will have some extra jingle in their pockets this holiday season. Operator Apollo Global Management is distributing $1,500 bonuses. In total, the private equity firm that operates the iconic Strip venue is doling out $11 million...
Light & Wonder Lands Junk Grade From Fitch
Light & Wonder (NASDAQ: LNW) garnered a non-investment credit grade of “BB” in a report published by Fitch Ratings yesterday. A “stable” outlook accompanies that rating. The Las Vegas-based gaming device manufacturer has long been raising cash in an effort to firm...
Genting Providing More Financing to Empire Resorts
Genting Malaysia Bhd. has provided more financing to its Empire Resorts unit. That's as an entity tied to the Malaysian conglomerate recently purchased $100 million in preferred stock issued by the New York-based gaming company. Genting ER II LLC, which is a...
