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Todd Shriber
5666 stories by Todd Shriber
MGM Doles Out up to $750M to Support Macau Unit
MGM Resorts International (NYSE:MGM) will make a subordinated revolving credit facility of up to $750 million available to MGM China, becoming the latest US-based parent to extend credit to its Macau unit. The Las Vegas-based...
Wynn Resorts Provides UAE Update, Casino Could Be Bigger than Las Vegas
On its third-quarter earnings conference call late Wednesday, Wynn Resorts (NASDAQ:WYNN) provided analysts and investors with an update on its upcoming integrated resort on Al-Marjan Island in the United Arab Emirates (UAE). The project was...
Century Casinos Will Update Nugget Sparks, Major Overhaul Not Planned
Century Casinos (NASDAQ: CNTY) is likely to update Nugget Sparks when it takes over operations at the Reno-area casino hotel. But a massive, costly renovation may not be in the cards. That could relieve analysts...
Wynn Resorts Results Again Walloped By Macau
It’s become a familiar refrain for casino operators with Macau exposure. That being that the Chinese territory is a drag on earnings, and Wynn Resorts (NASDAQ:WYNN) is no exception to that trend. Shares of the...
PlayAGS Poised to Gain Slot Machine Market Share
Gaming device manufacturer PlayAGS (NYSE: AGS) reported third-quarter earnings before interest, taxes, depreciation, and amortization (EBITDA) that beat Wall Street estimates. And, while the stock is sliding on Wednesday, some analysts remain upbeat on the...
Penn Entertainment Not Cheap, Pipeline Risks Linger, Says Analyst
Penn Entertainment (NASDAQ: PENN) stock isn’t particularly inexpensive relative to its peers, and the operator’s recently announced spending plans pose some risks. Those are the sentiments of Roth Capital analyst Edward Engel, who, in a...
Full House Sees Waukegan Temp Casino Open in January, Chamonix Mid-2023
The Full House Resorts (NASDAQ: FLL) investment thesis revolves largely around the operator’s new casino pipeline. Those efforts, including American Place in Waukegan, Ill. and Chamonix in Cripple Creek, Colo., are taking shape and could...
Mirage Operations Shifting to Hard Rock in December, Analyst Forecasts Two-Year Closure
Hard Rock International is slated to assume operations at the Mirage next month, taking the reins from MGM Resorts International (NYSE: MGM). Hard Rock, the gaming arm of the Seminole Tribe of Florida, announced last...
‘Mattress Mack’s’ $75M Astros Haul Seen Imperiling Q4 Sportsbook Profitability
Jim “Mattress Mack” McIngvale won a cool $75.7 million when the Houston Astros clinched the World Series last Saturday. That haul could ensure some sportsbook operators won’t be profitable in the fourth quarter. The Gallery...
Pala Casino to Sponsor California NASCAR Race, Driver Buescher
Pala Casino Spa Resort -- a Southern California tribal gaming venue -- will serve as the title sponsor for the 2023 NASCAR Cup Series race at Auto Club Speedway in Fontana, Calif. That race will...
