5316 stories by Todd Shriber
Macau Concessionaires Facing ‘Significant Risks,’ Says Moody’s
On the heels of news that Macau is extending the temporary closure of casinos by another five days, it’s safe to say concessionaires there face considerable operational risk. The new restrictions equal the special administrative region’s second round of casino closures since...
Caesars Could Benefit from Consumer Spending Shift
Caesars Entertainment (NASDAQ:CZR) is among the casino operators that could benefit as consumers direct more discretionary spending toward services away from goods, according to a research firm. During the initial days of the coronavirus pandemic, consumer spending largely focused on goods. Conversely,...
Genting Singapore Says No Takeover Talks Ongoing, Lim Confirms Unsolicited Bid
Genting Singapore, the owner of the Resorts World Sentosa casino-hotel, denies it’s in continuing takeover discussions with potential suitors. But it did confirm the chairman of its parent company received an unsolicited acquisition offer. In a filing today with the Singapore Stock...
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...
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...
