5402 stories by Todd Shriber
Red Rock Resorts Rallies After Forecasting Consensus-Beating Q4 Results, Palms Chips In
Shares of Station Casinos parent Red Rock Resorts, Inc. (NASDAQ:RRR) rallied Thursday after the company pre-announced fourth-quarter results, delivering revenue and earnings before interest, taxes, depreciation and amortization (EBITDA) estimates that thump Wall Street forecasts. The operator of the Palms said it...
Baker Budget Bets on Less Tax Revenue From Massachusetts Casinos
Massachusetts Gov. Charlie Baker's fiscal 2021 budget forecasts $282.7 million in receipts from the state's three casinos, down from the $294 million the Commonwealth is expecting to haul in for the current fiscal year. As of the end of 2019, the Bay...
Coronavirus Scare Sees Las Vegas Sands Get Chilly Analyst Review, Another Sees Buying Opportunity
Speculation that the coronavirus outbreak could make its way to Macau and prevent gamblers from visiting the peninsula is weighing on operators' stocks this week. Down 5.33 percent over the past few days, Las Vegas Sands (NYSE:LVS) is one of several names...
Brash Bettor Gorodetsky Facing Fraud Charges, Feds Claim he Duped Investor out of $10 Million
Robert Gorodetsky, a sports handicapper who rose to notoriety and now infamy for his brash betting style, is facing two criminal charges related to allegations that he bilked an investor out of nearly $10 million. In a filing in US District Court...
MGM Grand Detroit Provides Octane as Motor City Casinos Notch Record $1.454 Billion Revenue in 2019
Lead by the MGM Grand Detroit, the three gaming properties in Michigan's largest city posted a record $1.454 billion in revenue last year. That's an increase of $10 million from the $1.444 billion generated in 2018. MGM Grand Detroit and MotorCity Casino...
Vici Properties Scores Moody’s Credit Upgrade, Earns Stable Outlook
The Vici Properties (NYSE:VICI) credit rating has been boosted by Moody's Investors Service to Ba3 from B1 with a stable outlook, moving the real estate company closer to investment-grade territory. Moody's decision to elevate Vici was revealed on the same day that...
NFL Draft Vegas Style: Players Will Take Boats to Bellagio Fountain Red Carpet Stage
In a fashion befitting of Sin City's reputation for glitz and grandeur, the 2020 NFL Draft isn't just being held near the Bellagio on the Strip. It's taking place on the MGM Resorts International property's famed fountains. NFL executives met with the...
Hokkaido Integrated Resort Dream not yet Dead as Prefecture Mulls Allocation for Future Bid
The final nail in the coffin of Hokkaido prefecture's designs on hosting an integrated resort hasn't yet been hammered. Lawmakers there are expected to set aside funds for a bid down the road in its upcoming general budget. Last November, Hokkaido’s governor,...
SBTech Playing Legal Hardball on Releasing Oregon Sports Betting Contract Details, Sues State, Oregonian Newspaper
SBTech, the provider of sports betting data and services to lotteries and gaming providers around the world, doesn't want some terms of its contract with the Oregon Lottery revealed. It is suing the state and its largest daily newspaper to keep those...
Maduro Approves Petro-Only Caracas Casino as Dictator Looks to Support Scuffling Cryptocurrency
Venezuelan President Nicolas Maduro gave the go-ahead for the Humboldt Hotel in Caracas to open a casino, but there's a catch: all bets at the venue must be placed in petros, the country's oil-linked cryptocurrency. Introduced nearly two years ago, the petro,...
