4978 stories by Todd Shriber
Wynn Surges on Speculation Tilman Fertitta Stake Could Lead to Takeover Bid
Wynn Resorts (NASDAQ: WYNN) was one of Tuesday’s best-performing gaming equities, surging 6.2% on volume that was more than double the daily average. That's amid speculation Tilman Fertitta could make a takeover bid for the company. Shares of the Encore operator soared...
Former Wynn CEO Matt Maddox May Be Mulling Downtown Vegas Acquisition
Former Wynn Resorts (NASDAQ:WYNN) CEO Matt Maddox may be looking to get back into the casino business. He could be mulling the purchase of a gaming venue in downtown Las Vegas to accomplish that objective. Maddox departed Wynn earlier this year and...
NBA 2K League Disqualifies Five Players for Violating Betting Policies
The NBA 2K League -- an esports league based on the popular basketball video game -- has disqualified five players and a coach for violations of the association’s betting and fantasy sports protocols. Details are sparse, but the league said Christopher Lafanette,...
Casino Operators’ Q3 Revenue Keeping Pace with Spending
Third-quarter earnings season is in full swing, and several casino operators already reported with an important takeaway: revenue is keeping pace with operating expenditures. Some of the casino companies that delivered results for the September quarter, including Boyd Gaming (NYSE:BYD) and Red...
Tilman Fertitta Takes 6.1% Stake in Wynn Resorts
Tilman Fertitta’s Fertitta Entertainment includes the Golden Nugget casino empire. But the billionaire businessman is investing in rival Wynn Resorts (NASDAQ: WYNN) as well. A Schedule 13G filing with the Securities and Exchange Commission (SEC) indicates Fertitta Entertainment, Fertitta himself, and another...
Gaming and Leisure Properties Interested in Strip Real Estate Acquisition
After previously indicating it wasn’t enamored by the prospect of increasing its footprint on the Las Vegas Strip, Gaming and Leisure Properties (NASDAQ:GLPI) is signaling willingness to consider a Sin City acquisition. The real estate investment trust (REIT) owns the property assets...
Macau Spending Focus Turns to Non-Gaming Investments
The past two decades of operator spending in Macau was mainly about building the mammoth, plush integrated resorts that dot the special administrative region (SAR) today. With the retendering process afoot, authorities are demanding concessionaires up non-gaming expenditures. Citing checks related to...
Red Rock Q3 Earnings Not Exciting, Some Pleasant Surprises Delivered
Red Rock Resorts (NASDAQ: RRR) delivered third-quarter earnings after the close of US markets on Thursday, telling investors it earned 83 cents a share on revenue of $414 million. While net income fell to $95.5 million from $117.9 million a year earlier,...
Las Vegas Sands Quietly Departs Online Gaming Space
Las Vegas Sands (NYSE: LVS) waded into the online gaming arena, and now it appears the Asia-Pacific casino behemoth has quietly departed the industry. In the most recent edition of its bi-weekly EKG Line report, research firm Eilers & Krejcik Gaming (EKG)...
Apple Yanks Gaming Ads from App Store Amid Developer Outrage
Apple is halting the dissemination of wager-related advertisements on product pages in the App Store following backlash from developers. Reports surfaced that developers recently spotted an influx of ads tied to potentially dubious online gaming entities appearing throughout the App Store. The...
