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Todd Shriber
5655 stories by Todd Shriber
Osaka Prohibits Even Brief Meetings Between Government Workers, Casino Companies Amid Akimoto Scandal Cloud
Lawmakers in Osaka are implementing a new policy barring meetings between city and prefecture workers and gaming company representatives in response to a recent graft scandal that has ensnared several Japanese politicians. The protocols stem...
A Win Wynn: Pair of Bullish Views Has Gaming Stock Soaring in 2020
Wynn Resorts, Ltd. (NASDAQ:WYNN) is off to a stellar start in 2020, with gains of eight percent to start the new year, more than quadruple the returns posted by the S&P 500. The gaming stock's...
Congress Gets Back in the Game: Revives Gaming Caucus
Rep. Guy Reschenthaler (R-PA) and Rep. Bennie Thompson (D-MS) are reviving the Congressional Gaming Caucus, a bipartisan group of lawmakers. Some come from districts across the US that have exposure to the industry and some...
MGM Analysts Cheer Latest Asset Sales, Some Forecast Cash For Japan, More Real Estate Moves
On Tuesday, MGM Resorts International (NYSE:MGM) announced the sales of Mandalay Bay and MGM Grand for $4.6 billion, moves that are being cheered by analysts that see cash being freed up to reduce debt and...
DraftKings Will Help Daily Fantasy Players Fill Football Void With XFL Product
Super Bowl LIV is scheduled for Feb. 2, and in most years, the premier contest marks the end of competitive football until August, when the NFL's exhibition season and a small sampling of college games...
Twin River Execs Skirt Most of Chatham Asset Stock Suit – But Board, Top Lawyer Still Face Partial Challenge
High-ranking executives at Twin River Worldwide Holdings, Inc. (NYSE:TRWH) are in the clear in a lawsuit brought against the company by Chatham Asset Management, LLC. But the board of directors and general counsel Craig Eaton...
MGM Resorts Selling Mandalay Bay, Grand to Blackstone, MGP For $4.6 Billion, Will Leaseback Strip Venues
MGM Resorts International (NYSE:MGM) is selling the MGM Grand and Mandalay Bay on the Las Vegas Strip to a joint venture controlled by MGM Growth Properties (NYSE:MGP) and Blackstone Real Estate Income Trust (BREIT) for...
Activist Investor Litt Calls Gaming and Leisure Properties Meeting “Productive,” Sees Big Upside Potential
In a tweet Monday, Land & Buildings Investment Management founder and Chief Investment Officer (CIO) Jonathan Litt dubbed a meeting held last week with Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) “productive,” and appears enthusiastic about...
Wilton Rancheria Elk Grove Casino Project Delayed Until 2021
Wilton Rancheria's plan to open the first tribal gaming property in Sacramento County, Calif. will have to a wait awhile longer than previously hoped because of plans to redesign some parts of the venue. Last...
Eldorado Selling Namesake Shreveport, Louisiana Casino to Maverick Gaming For $230 Million
Eldorado Resorts, Inc. (NASDAQ:ERI) said Monday it's selling its eponymous gaming property in Shreveport, La. to Maverick Gaming LLC for $230 million in cash. The deal to sell the Eldorado Resort and Casino, which is...
