5360 stories by Todd Shriber
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 $4.6 billion, the gaming operator said Tuesday....
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 management's approach to creating value at the...
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 year, the tribe said it was targeting...
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 expected to be finalized at some point...
Japan Casino Scandal Turning Off Public: Nearly 71 Percent Want Plans Reviewed
A recent survey by Kyodo News indicates that nearly 71 percent of those polled in Japan believe their government should revisit plans to embrace integrated resorts amid a cloud of bribery that has ensnared several politicians and a Chinese gaming company. The...
Maine Gov. Mills Rejects Sports Betting While DC Forges Ahead, Plans March App Launch
Last Friday, Maine Gov. Janet Mills vetoed a bill that would have paved the way for the state to become the third in New England to permit sports betting. The legislation, sponsored by Sen. Louis Luchini, D-Ellsworth, was passed by the Maine...
A Penn/Portnoy Marriage? Penn National Gaming Rumored to be Betting on Barstool Sports
Barstool Sports, the edgy sports and pop culture blog, could have a suitor in the form of Penn National Gaming, Inc. (NASDAQ:PENN), according to reports swirling late Friday. New York-based Barstool, founded by the pizza-loving David Portnoy, is owned by The Chernin...
Cosmopolitan High Heel Attack Case Spiked: Mullahkhel Sisters Have Las Vegas Felony Charges Dropped
The Mullahkhel sisters, a quartet of Utah women accused of storming a penthouse at the Cosmopolitan on the Strip last year to attack one of their former spouses, will not face felony charges. That's following a Friday ruling by Las Vegas Justice...
Bernstein Projects Eight Percent Macau Gaming Revenue Jump as VIPs Return
Bernstein analysts are forecasting an eight percent increase for Macau gross gaming revenue (GGR) this year. But that contains the familiar caveat that a return to higher numbers in the Chinese gambling territory will come mostly in the last six months of...
Mono Indians Land Date With California Supreme Court in Club One Casino Quest
The North Fork Rancheria of Mono Indians has a date with the California Supreme Court, the latest step in a long-running effort by the tribe to open a casino near Madera, Calif. The Mono Indians' quest to bring a gaming property to...
