5037 stories by Todd Shriber
Genting Singapore Could Opt for Partial Sale Due to Bond Issues, Says Bank
News that MGM Resorts International (NYSE:MGM) may have held talks with the Lim family about acquiring Genting Singapore is the gaming industry’s epic rumor of the week. But some analysts say the Resorts World Sentosa shouldn’t sell itself outright. The Lims, which...
Amid Hard Rock Transition, Mirage Could Face Lengthy Closure
The Mirage could be slated for an extended, though temporary, closure as it transitions to becoming a Hard Rock casino-resort. In a statement issued earlier this week highlighting its second consecutive year atop the J.D. Power 2022 North America Guest Satisfaction Study,...
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...
Inspired Entertainment Interesting Idea Ahead of Earnings, Say Analysts
Small-cap gaming supplier Inspired Entertainment (NASDAQ:INSE) is following other gaming technology names lower this year. But its dramatic declines are creating a valuation scenario that may be too compelling to ignore in the eyes of some analysts. In a note to clients...
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...
