5402 stories by Todd Shriber
Star Entertainment to Aussie Government: You Want Gold Coast Investment, We Want Exclusivity
Star Entertainment Group wants to invest $1.37 billion ($2 billion in Australian dollars) to refurbish its Gold Coast gaming property, hotel and convention center, and the company is playing hardball with the Queensland government when it comes to that expenditure. In exchange...
Hedge Funds Dumped Boyd Gaming Right Before Shares Hit the Jackpot
Even the pros make mistakes, and that appears to be the case with some hedge funds with regards to Boyd Gaming Corp. (NYSE:BYD) stock. Shares of the operator of a dozen Las Vegas casinos are up nearly 43 percent this year, making...
Atlantic City Discontent: Hard Rock CEO Allen Expresses Dejection Over Boardwalk Not ‘Rising to the Occasion’
Hard Rock International CEO Jim Allen has a bone to pick with Atlantic City, N.J., the East Coast gaming hub and home to one of his company's properties. The Hard Rock Atlantic City opened in June 2018 and the operator poured $500...
Eldorado Resorts Stock is on Fire, but Investors may not Want to Cash in Their Chips Just Yet
Eldorado Resorts, Inc. (NASDAQ:ERI) is one of the most impressive stories among gaming stocks in 2019. The shares are up 7.59 percent this month and nearly 27 percent since the start of the current quarter. But some analysts believe there's more to...
Century Casino Shares Surge After Analyst Starts Coverage With ‘Outperform’ Rating, Calls Stock ‘Cheapest’ in Regional Gaming Group
Shares of Century Casinos, Inc. (NASDAQ:CNTY) rallied Thursday after an analyst initiated coverage of the micro-cap company with a bullish rating, noting that the operator of two Colorado casinos is among the most attractively valued in the regional gaming space. In a...
Players And Pooches: MGM Goes Dog-Friendly at Las Vegas Strip, Three Regional Properties
MGM Resorts International is hoping to gain traction with dog lovers, expanding its dog-friendly policy at select properties so guests can bring their furry friends with them on visits to Las Vegas and other regions. The company said its new policy will...
Wynn CEO Maddox Confirms Company Has Yokohama State of Mind in Japan
Wynn Resorts, Ltd. (NASDAQ:WYNN) CEO Matt Maddox confirmed the gaming operator is focusing its Japan efforts on Yokohama. The company will soon open an office in that city geared toward driving its initiatives in the country forward. Wynn Resorts Development Japan, the...
Japan Delays Casino Withholding Tax Plan Before it Gets Off the Ground
A recent proposal by Japanese politicians to impose a withholding tax on winnings of foreign gamblers at the country's yet-to-be-constructed integrated resorts is already being delayed before the idea gained much momentum. Previously, policymakers believed it would be beneficial to gaming companies,...
Analysts Confirm Macau Visa Control Policy Crimping December Visits to Gambling Hub
Implementation of visa restrictions is limiting gamblers' visits to Macau this month, and that's crimping monthly gross gaming revenue (GGR), say some analysts. In a report out Monday, Bernstein's team of gaming analysts note the tighter visitation policy, revealed as part of...
Illinois Sports Betting Likely to Miss Super Bowl, But March Madness Could be Consolation Prize
Efforts to get sports betting operational in Illinois appear likely to fall short of being ready for the Super Bowl. But Prairie State bettors don't need to fret, because some politicians there believe it'll be ready for another heavily wagered-on sports tradition:...
