5210 stories by Todd Shriber
Texas Casino, Sports Betting Bill Filed by State Senator
Texas state Sen. Carol Alvarado (D-Houston) is preparing to bring casino gaming and sports betting legislation to the floor during the state’s 2023 legislative session. On Monday, she prefiled Senate Joint Resolution 17, which, if passed, would set the stage for the...
BetMGM Gets an ‘F’ From Better Business Bureau
Since the 2018 Supreme Court ruling on the Professional and Amateur Sports Protection Act (PASPA), regulated sports wagering is more accessible to a larger percentage of the US population than ever before. That also means more room for consumer complaints. Many of...
PlayAGS Tumbles on Apollo Offering, Analysts Question Timing
Shares of PlayAGS (NYSE:AGS) plunged Tuesday. That's after the gaming device manufacturer announced the sale of more than 8.2 million shares held by private equity firm Apollo Global Management (NYSE:APO), prompting sell-side analysts to question the timing of the offering. The stock...
Red Rock Resorts Paying $1 Per Share Special Dividend
Red Rock Resorts (NASDAQ: RRR) announced today it’s paying a one-off dividend of $1 per share to investors. The special payout will be paid on Dec. 9 to shareholders of record as of the close of business Nov. 30. Prior to the...
Penn Entertainment Rallies Amid Activist Investor Chatter
Shares of Penn Entertainment (NASDAQ:PENN) jumped 4.59% today on volume that was nearly double the daily average. The movement came on speculation an activist investor took a stake in the gaming company. That surge, which occurred on volume that was nearly double...
Shubert Organization Voices Opposition to Times Square Casino Plan
The Shubert Organization is the latest powerful Broadway group to criticize plans for a casino in New York’s Times Square. Shubert, the largest theater owner on Broadway, joins the Broadway League in opposing a proposal floated by real estate investment trust (REIT)...
Wynn CEO Craig Billings Applauds Tilman Fertitta Prescient Buy of Casino Stock
Among the recent, eye-catching headlines in the gaming industry is the revelation that Tilman Fertitta’s Fertitta Entertainment now owns 6.1% of the shares outstanding in Wynn Resorts (NASDAQ:WYNN). Wynn CEO Craig Billings applauded the move by his competitor. A Schedule 13G filing...
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 casino operator made the announcement in regulatory...
Fox Bet Could Head to Graveyard Following Fox /Flutter Arbitration Ruling
The recent arbitration ruling by New York’s Judicial Arbitration and Mediation Services (JAMS) in Fox. Corp.’s (NASDAQ:FOXA) rift with FanDuel parent Flutter Entertainment (OTC:PDYPY) could mean the end of Fox Bet. In the most recent edition of its biweekly EKG Line report,...
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 announced earlier this year and is expected...
