5359 stories by Todd Shriber
Red Rock to Raze Trio of Closed Station Casinos, Sell Real Estate
Red Rock Resorts (NASDAQ:RRR) announced today its trio of still-shuttered casinos -- Fiesta Henderson, Fiesta Rancho, and Texas Station -- will be closed for good, torn down, and the land sold. The venues were closed in 2020 soon after the onset of...
MGM Reportedly Mulled Genting Singapore Acquisition
Genting Singapore could be on the auction block, and the gaming company is reportedly attracting interest from some of the industry’s heavy hitters, including MGM Resorts International (NYSE:MGM). Citing unidentified sources familiar with the matter, a Bloomberg article published earlier today reports...
BetMGM Renews, Expands Major League Baseball Partnership
MGM Resorts International is renewing and expanding its relationship with Major League Baseball (MLB). That deal started in 2018, when the casino operator was named the league’s first official gaming partner. Under the terms of the newly announced agreement, MGM’s BetMGM unit...
MGM, Sands, Wynn CEOs Bullish on Macau, Talk Recession, Sports Betting Impact
The chief executive officers of Las Vegas Sands (NYSE:LVS), MGM Resorts International (NYSE:MGM), and Wynn Resorts (NASDAQ:WYNN) remain constructive on Macau despite lingering headwinds there caused by the coronavirus pandemic. Sands CEO Rob Goldstein, MGM CEO Bill Hornbuckle, and Wynn CEO Craig...
Crazy Horse Too Fires Too Hot to Handle as Gentleman’s Club Heads for Demolition
Las Vegas gentleman’s club Crazy Horse Too may be seeking new accommodations, or could simply decide to throw in the towel. That's after a string of recent fires at its current location has the venue slated for demolition by the city. The...
Caesars Downgraded, as KeyBanc Sees Macro Concerns for Leisure Stocks
Caesars Entertainment (NASDAQ:CZR) is dealing with a downgrade today, as another research firm cites macroeconomic risks as a potential drag on leisure stocks. In a note to clients, KeyBanc analyst Brett Andress downgrades Caesars to “sector weight” from “overweight,” while broadly recommending...
Wynn Again Tops Travel + Leisure Las Vegas Hotel List
Wynn Resorts’ eponymous Las Vegas venue is adding another accolade, topping Travel + Leisure’s Sin City hotel rankings for a third consecutive year. In the publication’s 2022 “best of” awards, which surveys readers, Wynn Las Vegas scores 91.89, beating second-place Cosmopolitan by...
MGM Resorts Enters Marketing Deal with MLB Players
MGM Resorts International today announced it’s becoming a partner of MLB Players, Inc. -- the business arm of the Major League Baseball Players Association (MLBPA) -- gaining group marketing rights and access to MLB Players branding. Financial terms of the accord weren’t...
King Dollar Could Make Court Jesters of Some Casino Stocks
A typical result of rising US interest rates is a soaring dollar, and that trend is repeating in 2022. That potentially means pain for companies that generate significant portions of revenue overseas, including some casino operators. The Invesco DB US Dollar Index...
Tilman Fertitta Steak Chain Condemns Anti-Kavanaugh Protest
Morton’s The Steakhouse is blasting pro-abortion protestors that disrupted the dining experience of Supreme Court Justice Brett Kavanaugh and other guests at the chain’s Washington, DC restaurant on Wednesday night. Morton’s is part of the sprawling Landry’s restaurant empire controlled by Tillman...
