5136 stories by Todd Shriber
Nevada Gaming Comm. Delays Licensing MGM Investor Barry Diller Amid SEC Probe
The Nevada Gaming Commission (NGC) is postponing licensing of Barry Diller -- the media mogul whose IAC/InterActiveCorp (NASDAQ:IAC) is the largest shareholder in MGM Resorts International (NYSE:MGM) -- amid a federal investigation into his options trades in Activision (NASDAQ:ATVII) prior to Microsoft...
Wynn Resorts Wins Travel + Leisure Sustainability Award
Sustainability and environmental, social, and governance (ESG) practices are all the rage in Corporate America. And gaming companies, including Wynn Resorts, are participating in that trend. The integrated resort operator is one of six hoteliers to win a “Global Vision Award” from...
Macau Concessionaires Packing on Debt
Macau's six gaming operators are seeing debt burdens swell in the wake of the coronavirus pandemic, and that's a drag on equity prices, says Morgan Stanley. Prior to the global health crisis, the concessionaires had just $5 billion in combined liabilities. But...
MGM Unveils New Rewards Credit Card Offer, Includes Free Parking
MGM Resorts International is introducing a new credit card offer tied to its recently revamped customer loyalty program. From now through April 7, those approved for the MGM Rewards Mastercard will be automatically upgraded to Pearl status in the MGM Rewards program...
Flutter Entertainment Stock Selloff Creates Opportunity, Says Analyst
Like its peers in the gaming equity complex, Flutter Entertainment (OTC:PDYPY) stock has been drubbed in recent months. But at least one analyst says the FanDuel parent remains a compelling avenue for investors looking to tap into the fast-growing US internet casino...
Fifth Street Gaming Debuts Latino-Focused Jefebet.com
Looking to capitalize on one of the fastest-growing demographics in the US, Fifth Street Gaming Digital is introducing JefeBet.com. The site is a Spanish-language media hub and sports betting portal. FSG Digital is the internet gaming arm of Las Vegas-based Fifth Street...
DraftKings Launches New NFT Series in Advance of NCAA Tournament
DraftKings is capitalizing on the NCAA Tournament to introduce a new line of non-fungible tokens (NFTs). The Boston-based gaming company said today it rolled out the Primetime NFT Series -- its first all-in-house NFT collection. Primetime NFTs will be sold on DraftKings...
Las Vegas Sands Could Be Talking Thailand in Latest Asia Hint
In a recent interview, Las Vegas Sands (NYSE:LVS) CEO Rob Goldstein indicated the gaming company is in talks to bring an integrated resort to an unidentified Asian nation. A research firm believes the country in question is Thailand. In an interview last...
Melco Resorts Could Face US Delisting, But Has Options
Downtrodden Melco Resorts & Entertainment (NASDAQ:MLCO) could be facing the specter of losing its US equity listing. But one research firm says that threat isn't imminent, and the gaming company has options that could ultimately create shareholder value. The Holding Foreign Companies...
March Madness to Draw More than $3B in Bets, BetMGM Offering $10M Pool
The NCAA Men’s Division I Basketball Tournament commences this week, and with more states than ever allowing regulated sports betting, analysts expect a record handle for the event. Approximately 45 million American adults plan to wager $3.1 billion on March Madness this...
