5449 stories by Todd Shriber
Melco Liquidity Strongest Among Macau Peers, Says Research Firm
Melco Resorts & Entertainment (NASDAQ: MLCO) can survive well into 2024 at current cash burn rates, assuming near-zero revenue persists in Macau, according to a research firm. That implies the City of Dreams operator has a superior “liquidity runway” relative to Macau...
MGM Sets New Pay Packages for CEO Bill Hornbuckle, CFO Jonathan Halkyard
In a new regulatory filing with the Securities and Exchange Commission (SEC), MGM Resorts International (NYSE:MGM) revealed new compensation packages for high-ranking executives, including CEO Bill Hornbuckle and CFO Jonathan Halkyard. Hornbuckle’s new agreement goes into effect on Sept. 1 and runs...
BetMGM, SportsGrid Bolster Partnership Ahead of Football Season
Just in time for the 2022 football season, BetMGM and SportsGrid said today they’re expanding their partnership announced earlier this year. Financial terms of the broadened accord weren’t revealed. Currently, the gaming company’s content will be featured across SportsGrid’s original, live programming...
Everi Stock Supported by Healthy Industry Trends, Expanding Market Share
Shares of Everi Holdings (NYSE:EVRI) are following the broader gaming equity space lower on Monday. But one analyst sees reasons to be bullish on the gaming supplier. In a note to clients today, B. Riley analyst David Bain reiterated a “buy” rating...
MGM China Pouring $594M Into MGM Grand Paradise, Pansy Ho to Remain Managing Director
Ahead of Macau’s gaming license retendering process, MGM China is funneling $594 million into MGM Grand Paradise to shore up that unit. As part of that transaction, Pansy Ho, co-chairperson at MGM China, signed a 10-year contract valued at $8 million annually...
iGaming, Sports Betting Advertising Soaring to $1.8 Billion in 2022
There’s talk iGaming companies and online sportsbook operators are reducing advertising expenditures. But BIA Advisory Services says internet gaming will remain a boon for local media. The research firm estimates internet casino companies and sportsbooks will drive $1.8 billion in local advertising...
David Portnoy Plugs Penn Stock, Flirts with Florida Move in Interview
Barstool Sports founder David Portnoy is bullish on Penn Entertainment (NASDAQ:PENN) stock. And he’s open to legal, tax-advantaged strategies to reduce his obligations to the federal government. In an interview earlier today with “Varney & Co.” on Fox Business, Portnoy was enthusiastic...
Caesars Palace Dana White’s Favorite Las Vegas Casino
Ultimate Fighting Championship (UFC) boss Dana White is a proficient gambler, and that might be an understatement. He’s not banned, per se, from many Las Vegas casinos. But some of those venues don’t want his betting business. As such, it’s easy for...
Kansas Sportsbooks Open in Sept., Mobile Betting Will Make NFL Season Start
Sports betting will be live in Kansas on Sept. 1, with mobile wagering launching a week later, confirming bettors in the state will be able to participate all of the 2022 NFL regular season. Kansas bettors will be able to place wagers...
Madison Square Garden Mulling Spin-Off of MSG Sphere, TAO Group Unit
Madison Square Garden Entertainment Corp. (NYSE:MSGE) said today its board of directors granted the company permission to evaluate a spin-off of its live entertainment business. The news has Las Vegas implications. The company owns the eponymous arena in New York City, The...
