5449 stories by Todd Shriber
Sands China Can Survive at Least Through 2022 End, Says Company
Sands China, the Macau arm of Las Vegas Sands (NYSE:LVS), said it drew $201 million on a credit revolver last month, providing the gaming company with enough capital to survive through the end of this year. The owner of five integrated resorts...
Caesars Scottsdale Construction Commences, Early 2024 Opening Eyed
Real estate development and property management company HCW confirms that construction is underway for the Caesars Republic Scottsdale. Plans for the venue were announced more than three years ago under a prior leadership regime at Caesars. The 11-story hotel, which will feature...
Light & Wonder Earns ‘BB’ Credit Grade in Initial Fitch Rating
Light & Wonder (NASDAQ:SGMS), the company formerly known as Scientific Games, earned a “BB” credit mark in its first grade from Fitch Ratings, putting the slot machine manufacturer in non-investment grade territory. The company reported a debt of $8.8 billion as of...
Las Vegas Sands Drops 2022 Florida Casino Ballot Effort
Las Vegas Sands is scrapping its effort to put a ballot question before Florida voters this year regarding a new casino-resort in the northern part of the state. That's fwollowing a months-long legal spat and heavy spending, The effort pitted Sands against...
DraftKings, FanDuel Off to Fast Starts in Arizona Sports Betting
Some familiar names are pacing the field in the rapidly growing regulated sports wagering market in Arizona. DraftKings (NASDAQ:DKNG) and FanDuel, which along with BetMGM, usually control the top three spots in the states in which they offer online sportsbooks, are leading...
William Hill Wants to Renew Palms Sportsbook Rights
Palms Casino Resort is slated to reopen later this month after a more than two-year absence from the Las Vegas gaming scene. A well-known name is angling to continue operating the sportsbook there. An agenda for the April 6 meeting of the...
MGM Credit Rating Lowered Further Into Junk Territory by Moody’s
Moody’s Investors Service has trimmed MGM Resorts International’s (NYSE:MGM) credit rating to “B1” from “Ba3,” moving the casino operator’s grade one notch further into non-investment grade territory. Among other issues, Moody’s cites ongoing weakness in Macau as one of the reasons for...
MVIS Debuts BlueStar Online Betting, Esports Index
MV Index Solutions (MVIS) -- a German provider of equity and fixed income gauges for use by exchange traded funds (ETFs) providers -- recently introduced a new benchmark addressing internet wagering and esports companies. The BlueStar Global Online Gambling, Video Gaming and...
Novibet Merging with SPAC Artemis Strategic Investment in $625M Deal
Logflex MT Holding Limited, the parent company of Novibet, is merging with a special purpose acquisition company (SPAC), and will list its shares in the US when that transaction is finalized. Artemis Strategic Investment Corporation (NASDAQ:ARTE) is merging into a newly formed...
Bally’s Surprises with Plans for Japan Casino
Bally’s (NYSE:BALY) stunned the gaming world Wednesday, saying it wants to bring an integrated resort to the Japanese city of Fukuoka and is hopeful the country will eventually consider future bids for gaming venues. Japan’s long-winding efforts to lure casino companies currently...
