5449 stories by Todd Shriber
Macau Gaming Revenue Trending Higher to Start July
Following a dismal showing in June, gross gaming revenue (GGR) in Macau is off to a strong start in July, according to analysts. In a note out Monday, research firm Bernstein said GGR in the world's largest casino center jumped 16 percent...
Genting Among Biggest Spenders on New York Lobbying in 2020
As part of its efforts to expand casino gaming closer to New York City, a unit of Genting Malaysia was among New York's biggest spenders on political lobbying. Last year, Genting New York spent $1.22 million on lobbyists, the sixth-highest tally among...
CityCenter Transaction Credit Negative for MGM Due to Lease Obligations, Says Moody’s
Purchasing the 50 percent of CityCenter it didn't previously own and selling the real estate of Aria and Vdara casino resorts carries negative credit implications for MGM Resorts International (NYSE:MGM). That's the view of Moody's Investors Service, which says in a recent...
Las Vegas Sands Going Digital with New Investment Arm
Las Vegas Sands (NYSE:LVS) is making a long awaited foray into digital gaming, announcing today it's creating an investment arm dedicated to that effort. The unit will be led by Davis Catlin, who joins the gaming giant from Sands Capital Management. That...
Flutter Rumored to Postpone FanDuel Spinoff Until 2022
Flutter Entertainment (OTC:PDYPY) will reportedly delay the highly anticipated spinoff of its FanDuel business until next year. Earlier this year, the Betfair parent confirmed it's mulling a public listing of FanDuel, as investors pressed the UK-based gaming company to unlock shareholder value....
GAN Stock Still Catalyst-Rich Story After Company Lifts Estimates
Shares of GAN Ltd. (NASDAQ:GAN) surged on Thursday after the company lifted its earnings before interest, taxes, depreciation and amortization (EBITDA) and revenue guidance for the second quarter and its full-year top line outlook. But one analyst believes there's still catalysts available....
Advent International Joins Rival Apollo in Bidding for William Hill Assets
Private equity rivals Advent International and Apollo Global Management (NYSE:APO) will tussle for William Hill's non-US assets, which Caesars Entertainment (NASDAQ:CZR) is in the process of putting up for auction. Apollo has long been viewed as a leading contender for William Hill's...
Scientific Games Reportedly Considering Australia Listing for Lottery Business
Scientific Games (NASDAQ:SGMS) is evaluating an Australian initial public offering (IPO) for the lottery business the company is planning to divest. Last week, the gaming equipment manufacturer said it's parting with the lottery unit and its Don Best sports wagering arm. It...
Engine Media Hits DraftKings with Patent Infringement Suit
Engine Media Holdings, Inc. (NASDAQ:GAME) is suing DraftKings (NASDAQ:DKNG). They claim the online sportsbook operator infringed on patents owned by the Canadian company's WinView unit. In a complaint filed in the United States District Court for the District of New Jersey, Toronto-based...
Las Vegas Sands, Penn National Stocks Upside Potential Touted by Goldman Sachs
Las Vegas Sands (NYSE:LVS) and Penn National Gaming (NASDAQ:PENN) make the cut on a Goldman Sachs list of 10 stocks with the biggest return potential over the next year. The Wall Street bank released the list Wednesday, and it includes some qualifiers....
