5495 stories by Todd Shriber
Scientific Games Sports Betting Unit Draws Interest from Former F1 Manager Jordan
Irish businessman Eddie Jordan, formerly the owner of a Formula One (F1) team bearing his surname, is rumored to be readying a bid for the OpenBet sports betting unit. That division was recently put on the sale block by Scientific Games (NASDAQ:SGMS)....
Bragg Gaming Issues Upbeat Q2 Sales Guidance, Says Nasdaq Listing on Pace for Q3
Canadian gaming technology provider Bragg Gaming (OTC:BRGGF) said earlier this week its second-quarter revenue should surge 23.5 percent on a year-over-year basis. It could also list its shares on the Nasdaq Stock Market sometime in the current quarter. In March, the company...
Melco Stock Slumping, But Earns Praise as Pandemic Rebound Play
Amid a slow recovery in its marquee market of Macau, one stymied by a recent surge in coronavirus cases throughout Asia, Melco Resorts & Entertainment (NASDAQ:MLCO) is in a funk. While shares of the City of Dreams operator are off 6.63 percent...
Las Vegas Sands Could Be Targeting Jacksonville for Florida Casino
Las Vegas Sands is mulling an array of options to bring a casino to Florida, with indications mounting that the effort is likely to focus on Jacksonville. The largest gaming company by market value recently pumped $17 million into Florida Voters in...
IGT Top Pick In Gaming Supplier Stocks, Analyst Sets Q2 Earnings Beats
Gaming supplier stocks are outperforming shares of casino operators and the broader market this year, with International Game Technology (NYSE:IGT) among the names earning praise from analysts. In a note out Wednesday, Macquarie analyst Chad Beynon raised estimates on IGT and several...
AIG Asks Ninth Circuit to Uphold Ruling On Circus Circus COVID-19 Claims
AIG Specialty Insurance Co. is asking the Ninth Circuit Court of Appeals to uphold a US district court's ruling. The lower court ruled that the carrier isn't on the hook to pay coronavirus-related damages to Circus Circus LV LP, operator of the...
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...
