5402 stories by Todd Shriber
Genting Singapore Seen in Catbird Seat in Yokohama Casino Race, Says Bank
The field of contenders pursuing a Yokohama integrated resort license is declining in number. But one research firm sees Genting Singapore as the leader in the clubhouse. In a recent report, Maybank Research estimates that a gaming venue in Japan's second-largest city...
Tabcorp to Keep Apollo, Entain Waiting on Divestment Decision for Another Month
Tabcorp will keep suitors for its media and sports wagering businesses on hold for at least another month. The board of the Australian company meets on June 20. Apollo Global Management (NYSE:APO) and Entain Plc (OTC:GMVHY) are viewed as the prime bidders...
Genius Sports Lifts 2021 Revenue Outlook by 35 Percent
In its second earnings report as a stand-alone public company, Genius Sports (NYSE:GENI) said Thursday sales in the January through March period jumped 52 percent to $53.7 million, easily beating analysts' estimate of $44 million. That's impressive, but investors are likely focusing...
Resorts World Las Vegas Ramp Up Could Take Until 2024, Says Research Firm
Resorts World Las Vegas opens in just a few weeks. But it's going to take some time for the $4.3 billion integrated resort to fully ramp up and turn a profit. The first Nevada venue of Malaysian gaming consortium and industrial conglomerate...
Entain Mulling Run at William Hill International Business
Entain Plc (OTC:GMVHY) is considering joining the fray of bidders for William Hill's non-US assets, including the sportsbook operator's famed UK betting shops. Caesars Entertainment (NASDAQ:CZR) recently completed its $3.69 billion acquisition of William Hill. But when that deal was announced last...
Full House Stock Hits Record as Fund Manager Reveals Holdings in Casino Name
Full House Resorts (NASDAQ:FLL) stock hit an all-time high earlier today, and is one of the day's best-performing gaming equities. That's after an investment company said it added shares of regional casino operator to a pair of its funds. In midday trading,...
Macau Back to Pre-Pandemic Highs in 2024, Diversity Further Out, Says Moody’s
Macau's gaming-dependent economy should be back to pre-coronavirus pandemic heights by 2024. But diversification efforts remain longer-ranging, according to Moody's Investors Service. In a new report, the research firm notes that while the special administrative region's (SAR) economy “has been the worst...
Litt’s Land & Buildings Adds Boyd Gaming, MGM Growth Properties to Portfolio
Land & Buildings Investment Management, LLC (L&B) was busy with casino equities in the first quarter, adding new positions in Boyd Gaming (NYSE:BYD) and MGM Growth Properties (NYSE:MGP). Jonathan Litt's firm is considered an activist investor with a knack for focusing on...
Sony Wants to Patent PlayStation Esports Betting Platform Using Real Money, Bitcoin
Sony Interactive Entertainment recently published a patent that, if approved, could pave the way for PlayStation users to wager on esports and make their bets in bitcoin. The application, tilted “E-Sports Betting Platform,” was filed last week and doesn't directly mention PlayStation....
Galaxy Entertainment Withdraws from Yokohama Casino Competition
Yokohama's ambitions of being one of the first three Japanese cities to host an integrated resort suffered another blow Monday when Galaxy Entertainment Group said it's pulling out of the competition. That's more a commentary on the city than the country because...
