5402 stories by Todd Shriber
Melco Resorts CEO Lawrence Ho Expects Yokohama Integrated Resort Will Cost at Least $10 Billion
Add Melco Resorts Chairman and CEO Lawrence Ho to the list of gaming executives forecasting massive price tags to build high-end integrated resorts in Japan. Ho, leader of one of the largest gaming companies operating in Asia, recently put an 11-figure estimate...
Wynn Resorts Reports Better October EBITDA, Revenue in Macau Helped by Higher Table Games Win Percentage
Wynn Resorts, Ltd. (NASDAQ:WYNN) stock took a beating in the third quarter amid a slowdown in Macau. While broader gross gaming revenue (GGR) numbers for the Chinese territory have slumped over the past couple of months, the operator is reporting a solid...
Sports Betting, Fantasy Sports Boosting NFL TV Ratings, Says Giants Co-Owner Tisch
Expanded sports wagering in the US is providing an assist to the country's most popular professional sport. NFL television ratings are rising and some team owners are taking note, including New York Giants co-owner and treasurer Jonathan Tisch. Currently, 13 states have...
Mohegan Gaming Mulls Japan Choices After Hokkaido Departs Integrated Resort Competition
Last month, officials in the Japanese prefecture of Hokkaido said they were dropping out of the competition to land one of the country's first three integrated resort licenses. That's news that's prompting at least one of the operators that was eyeing that...
Gaming and Leisure Properties Lures More Elite Professional Investors as Stock Rebounds
Shares of Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) traded sideways for much of the third quarter, but that proved to be an excellent time in which to buy the stock. Data confirms some professional investors did just that. GLP, the owner of...
Former Providence Mayoral Candidate Harrop Gets Lifeline in Case Challenging Rhode Island Sports Betting
A Rhode Island Superior Court judge ruled Thursday that Dr. Daniel Harrop's case challenging the constitutionality of sports betting in the state can proceed. That's after the Republican activist produced evidence he has been “harmed” by the endeavor. In September, an Ocean...
Google Will Allow Online Casino Advertisements in Four States Starting This Month
Google, the world's largest provider of internet search services, will permit advertisements from operators of online casinos in the four states that allow those offerings later this month, the latest sign the search giant is liberalizing its views on gambling-related content. The...
Wynn Resorts, Other Macau Stocks Look Really Cheap, Poised to Rally in 2020, Says J.P. Morgan Analyst Greff
Wynn Resorts, Ltd. (NASDAQ:WYNN) and other gaming companies with significant Macau footprints have seen their share prices sapped in recent months due to declining VIP revenue on the peninsula. But at least one Wall Street analyst sees a more sanguine environment for...
Hedge Funds Cash in Chips on Wynn Resorts Stock Amid Macau Struggles
Shares of Wynn Resorts, Ltd. (NASDAQ:WYNN) are up nearly 18 percent year-to-date, trailing the S&P 500 by about 600 basis points. Data indicates the stock's third-quarter slide on the back of slack Macau data prompted some professional investors to reduce exposure to...
The Stars Group Draws Analyst Praise For Solidifying Aussie Footprint With BetEasy Deal
The Stars Group Inc. (NASDAQ:TSG) said Tuesday it's paying $102.58 million to acquire the 20 percent of Australian bookmaker BetEasy it didn't previously own, a move that drew compliments from at least one analyst covering the Canadian online gaming company. PokerStars parent...
