4980 stories by Todd Shriber
Las Vegas Sands Mulling Long Island as Site of New York Casino
Las Vegas Sands is said to be considering multiple sites on Long Island as potential homes for a New York-area casino. Former New York Gov. David Paterson (D), now a senior vice president at the gaming company, is pushing his employer to...
Tough Times Await Casino Gaming Industry, According to Moody’s
With just one month remaining in 2022, it appears likely that casino operators will set an annual record for gross gaming revenue (GGR) this year. But things are likely to get tougher from here for the industry, according to Moody’s Investors Service....
Wynn Resorts Wraps $1.7B Sale of Encore Boston Harbor Property Assets
Wynn Resorts (NASDAQ: WYNN) said Thursday it completed the previously announced sale of Encore Boston Harbor’s real estate to Realty Income (NYSE: O) for $1.7 billion. The transaction, revealed in February, is all cash and comes at a cap rate of 5.9%....
VICI Buying Remaining Stakes in Mandalay Bay, MGM Grand from Blackstone
VICI Properties (NYSE: VICI) announced Thursday it's acquiring the 49.9% of the Mandalay Bay and MGM Grand on the Las Vegas Strip it doesn’t currently own. That will solidify its status as the largest owner of gaming real estate on the Strip....
Firecreek Crossing Slated to Be Reno’s Newest Casino
Elevation Entertainment is planning a new casino-resort in Reno, marking another addition to the flourishing Northern Nevada market. For now, the planned gaming venue is known as the Firecreek Crossing Resort-Casino and would be the first from-the-ground-up casino-hotel in the city in...
ESPN Boss Jimmy Pitaro Says Sportsbook Deal Not Happening Soon
ESPN Chairman Jimmy Pitaro said the sports media giant remains interested in the sports wagering industry, but it won’t be announcing a related deal anytime soon. Pitaro’s comments, which were made at the Sports Business Journal conference in New York on Wednesday,...
Genting Seeking $1B or More for Some Miami Property Holdings
Malaysian conglomerate Genting Berhad is reportedly marketing some of its Miami property holdings at north of $1 billion. That's as the company focuses on other casino gaming ventures in the US. Genting is looking to sell 16.5 acres of prime, undeveloped real...
Broadway League Reiterates Opposition to Times Square Casino
The Broadway League reiterated its opposition to a Times Square casino proposal, claiming a gaming venue in that area would do more harm than good. The League, which is the national trade association for the Broadway industry, let its feelings about the...
Macau Could Finally Entice Wary Investors, Says JPMorgan
After avoiding Macau gaming equities for more than two years, global investors could revisit the asset class in 2023 in search of value and rebound candidates. That’s the sentiment of JPMorgan Securities, which said in a report out Monday that Macau casino...
Genting Macau Hopes Dashed, But Not Dead
Genting Malaysia’s hopes of procuring a Macau gaming license were dashed over the weekend, as authorities in the special administrative region (SAR) awarded provisional permits to the six established concessionaires. But some analysts believe there are still ways the company can enter...
