5082 stories by Todd Shriber
Bernstein Bullish on Las Vegas Sands as Q2 Casino Stock Idea
Amid punitive coronavirus lockdowns in mainland China, shares of Macau casino operators are sagging again this year. Down 3.69% year-to-date, Las Vegas Sands (NYSE:LVS) isn’t immune to that trend. Still, some analysts remain bullish on the largest Macau concessionaire, saying LVS and...
New York Casinos to Have Varying Credit Effects on Operators, Says Fitch
New York’s 2023 budget features a process to award three downstate casino licenses. The potential for added competition from the largest US city is expected to have a mixed impact on the credit profiles of established operators in the Northeast, according to...
Stars Casino Moving to New California Location
Stars Casino, a card room located in Tracy, Calif., is moving to another location in that city, paving the way to add more jobs and gaming space. In February, the city approved a conditional use permit for Stars to move to a...
Caesars Evaluating Casino Gaming in Dubai
Speculation is increasing the United Arab Emirates (UAE) is warming to the idea of allowing casino gaming. That could prompt Caesars Entertainment to evaluate related opportunities in Dubai, where it currently operates a non-gaming hotel. Anthony Costa, regional president at Caesars Palace,...
Melco Stock Slides on Addition to Potential Delistment List
Shares of Melco Resorts & Entertainment (NASDAQ:MLCO) slipped 2.24% Tuesday.That's after the stock was added to a group of Chinese equities trading in New York that could be booted from US exchanges. Earlier today, the Securities and Exchange Commission (SEC) added a...
Macau Outlook Worsens, UBS Sees Five Years to Rebound
As coronavirus cases surge in mainland China, the Chinese Communist Party (CCP) is again employing harsh, ineffective lockdowns, sapping Macau’s recovery prospects in the process. Research firms are taking note that none of the most recent batch of commentary on the world’s...
Stateline Casinos Will Soon See More Paid Parking
Visitors to casinos in South Tahoe, Nevada will endure more paid parking as the city moves toward opening the South Tahoe Events Center early next year. The Tahoe Regional Planning Agency (TRPA) is mandating gaming companies operating in the casino corridor implement...
Fanatics Unlikely to Pursue 2022 IPO, Probably Won’t Buy WynnBET
On the heels of a recent funding round that values the company at $27 billion, Fanatics makes for one of the most widely anticipated initial public offerings (IPOs). But it appears likely the sports merchandise giant will remain private through the end...
Fertitta Entertainment Buying Colorado Casino for $43M, Will Use Golden Nugget Name
Tilman Fertitta’s Fertitta Entertainment is entering Colorado’s gaming market, paying $43 million for the Wildwood Casino and Hotel in Cripple Creek. The Texas billionaire’s company operates casinos under the Golden Nugget name and will bring that iconic brand to Colorado. American Gaming...
IGT Expands Digital Content Portfolio in $174M iSoftBet Acquisition
International Game Technology (NYSE:IGT) is expanding its library of digital games in a big way with the $174 million, all-cash acquisition of iSoftBet, a provider of iGaming content. The deal boosts IGT PlayDigital's portfolio to 225 games, more than doubling its current...
