Areas of Expertise
5037 stories by Todd Shriber
Red Rock Resorts Enhancing Namesake Casino, Including Adults-Only Pool
Red Rock Resorts today unveiled wide-ranging plans to refresh its eponymous casino hotel in suburban Las Vegas, including updated dining options and an adultss-only pool. Located in Summerlin, Nevada, Red Rock is widely viewed as the operator’s swankiest resort. In addition to...
Marina Bay Sands Will Top Pre-Pandemic Revenue Next Year, Says Analyst
Marina Bay Sands -- the jewel in the Las Vegas Sands (NYSE:LVS) crown -- could eclipse its 2019 revenue as soon as next year, providing support for the Macau-dependent gaming company. In a note to clients, CBRE analyst John DeCree points out...
Real Estate Developers Mull Four Sites for New York City Casinos
Real estate developers are considering multiple sites in the five boroughs, including Times Square, for new casinos in New York City. The New York Gaming Commission (NYGC) can issue three gaming permits for downstate gaming venues. The New York Post reports that...
Circa Sports Taking Thoughtful Approach to Expansion
In short order, Circa Sports became known as the sports bettor’s sportsbook, embracing action from sharp bettors that other bookmakers decline or limit. That reputation makes Circa one of the most revered sportsbooks in its home market of Las Vegas, and that’s...
Standard General Trims Bally’s Stake in Dutch Auction
Hedge fund Standard General modestly reduced its stake in Bally’s (NYSE:BALY) in the casino operator’s recent Dutch auction. Standard General is controlled by Soo Kim, a member of Bally’s board. The money manager tendered 360,000 shares at prices ranging from $19.25 to...
Las Vegas Sands: Lots to Like Long-Term, Says Analyst
Las Vegas Sands (NYSE:LVS) reported second-quarter earnings earlier this week, with the casino operator posting increasing losses. But signs of recovery in Singapore have analysts optimistic about the long-term case for the beleaguered shares. In a new note to clients, Macquarie analyst...
Kindred Mulling Sale, Big Names Reportedly Decline
Kindred Group is reportedly looking to sell itself. But the Swedish gaming company may have been rebuffed by some marquee names, including private equity giants and European sportsbook operators. The Unibet operator mulling a sale could be the result of Keith Meister’s...
Rush Street Interactive Has Peru Potential
Peru recently legalized iGaming and online sports betting, joining five other Latin American countries in doing so. That move could have positive implications for some US-based gaming companies, including Rush Street Interactive (NYSE:RSI). It’s estimated that online sports betting drives an annual...
Barstool Sportsbook Sponsoring Kansas NASCAR Race
Barstool Sportsbook is adding its name to another high profile sporting event, as its brand will be attached to the upcoming NASCAR race at Kansas Speedway. The Sept. 11 race is being renamed the "Hollywood Casino 400 presented by Barstool Sportsbook." Penn...
Red Rock Resorts Adds to Las Vegas Land Holdings in $172M South of Strip Buy
Red Rock Resorts’ (NASDAQ:RRR) is adding to its vast holdings of Las Vegas property, today announcing it acquired 126 acres south of the Strip for $172 million. The parent company of Station Casinos didn’t specify plans for the land, which is near...