4982 stories by Todd Shriber
Reno-Tahoe Room Tax Collections Soar as COVID-19 Recovery Continues
It’s often viewed as Nevada’s “other” gaming market, or the little brother to Las Vegas. But Reno-Tahoe is on its own blistering pace of attracting tourists this year. That's validated by room tax revenue surging to record levels in the recently completed...
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...
DraftKings Opening Sports Bar Near Detroit Mall
DraftKings announced today it is partnering with Live! Hospitality & Entertainment to bring the country’s first Sports & Social DraftKings bar and eatery to suburban Detroit. The venue is slated to open this fall in a standalone building adjacent to the Somerset...
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...
MGM Wins Regulatory Approval for LeoVegas Acquisition
MGM Resorts International (NYSE:MGM) has announced it won regulatory approval for its acquisition of Sweden’s LeoVegas AB. The Bellagio operator said in May it offered $607 million in cash to purchase the Swedish gaming company and sportsbook operator. MGM is paying for...
Caesars, MGM Top Picks as Las Vegas Visitation Remains Strong
Amid concerns the US economy is softening, some analysts and investors are speculating peak Las Vegas demand has arrived or will soon do so. But data indicates otherwise. In a note to clients today, Macquarie analyst Chad Beynon points out internet searches...
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...
