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Todd Shriber
5672 stories by Todd Shriber
Genting Has No Good Reason to Sell Singapore Arm, Says Bank
Aside from a one-time cash infusion, Genting Berhad has little reason to divest its Singapore unit, which owns the Resorts World Sentosa integrated resort. That’s the sentiment of analysts at Japanese investment bank Nomura, who...
Caesars Estimates Pared Amid Recession Fears, but Risk/Reward Seen as Favorable
Shares of Caesars Entertainment (NASDAQ:CZR) are off almost 59% year-to-date, marking one of the worst showings in the gaming space. That's sparked concerns on Wall Street that the stock is vulnerable to economic contraction and...
Red Rock Could Realize Margin Benefit by Closing Three Station Casinos
Red Rock Resorts’ (NASDAQ:RRR) decision to permanently close Fiesta Henderson, Fiesta Rancho, and Texas Station could provide ballast to the operator’s margins. The operator’s decision to permanently shutter the three Station casinos wasn’t surprising, given...
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...
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,...
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...
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...
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....
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...
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,...
