5316 stories by Todd Shriber
Bally’s Gamesys Notches Content Deal with Gaming Arts of Las Vegas
Bally’s announced today its Gamesys unit struck a five-year deal with Gaming Arts to bolster its portfolio of real money online casino games. Financial terms of the agreement weren’t disclosed, but the agreement is described as “exclusive.” Las Vegas-based Gaming Arts is...
Macau Casino Operators Facing Another Cash Crunch, Say Analysts
Reminiscent of the early days of the coronavirus pandemic, some casino operators in Macau are running low on cash. Morgan Stanley analysts estimate some will survive just months at current burn rates. The bank says concessionaires in the world’s largest casino hub...
Boyd Gaming Paying $170M to Acquire Pala Interactive
Boyd Gaming (NYSE:BYD) said today its Boyd Gaming Interactive unit is paying $170 million in cash to acquire Pala Interactive from California’s Pala Band of Mission Indians. Pala Interactive includes business-to-business (B2B) and business-to-consumer (B2C) platforms. News of the purchase comes soon...
DraftKings, Genius Sports Among Worst Stock-Based Compensation Offenders
Genius Sports (NYSE:GENI) and DraftKings (NASDAQ:DKNG) are the worst offenders in terms of equity-based compensation as a percentage of 2021 gross profits. That’s according to a list constructed by Twitter user JiggyCapital. By his data, sports betting data provider Genius’s stock-based compensation...
Bangkok Likely Home of First Thailand Casino
Not surprisingly, the government committee spearheading the effort to potentially bring casino gaming to Thailand is pushing for the country’s first integrated resort to be located in the capital city of Bangkok. The committee appears open to the idea of permitting more...
Las Vegas Sands One of Eight S&P 500 Stocks Still Negative Since End of Coronavirus Bear Market
In historical terms, the bear market in stocks caused by the coronavirus pandemic in early 2020 was brief. But the ensuing rebound didn’t lift all members of the S&P 500. Las Vegas Sands (NYSE:LVS) is among the laggards. The largest casino operator...
Sands China Provided $40M in Macau Mall Rent Aid Last Year, Down 81 Percent
Sands China Ltd., the Macau arm of Las Vegas Sands (NYSE:LVS), said it provided $41 million in rental assistance last year to tenants at its mall shops in the special administrative region (SAR). The total was needed because of the pandemic, but...
Wynn Resorts New CEO Sees Non-Gaming Investments in Macau, Elsewhere as Pivotal
Craig Billings took the helm as chief executive officer of Wynn Resorts (NASDAQ:WYNN) at the start of February. He’s already looking to shake things up by evaluating non-gaming amenities in Macau and dialing back expenditures on the company’s online sportsbook operation. In...
Caesars Bringing Horseshoe Name to Colorado Casino
Caesars Entertainment is again trotting out its storied Horseshoe brand, announcing today it’s renaming the Colorado casino-resort currently known as Isle Casino Hotel Black Hawk. The renaming, which is scheduled to take place this summer, is part of a broader enhancement of...
BetMGM Mishap Leads to $25k in New Jersey Fines
Last year, BetMGM took a small amount of wagers on New Jersey college basketball teams. But the state prohibits bets on games involving local universities, leading to a fine for the gaming operator. State law prohibits sportsbook operators from accepting wagers on...
