5402 stories by Todd Shriber
MGM Didn’t Consider Buying Caesars Properties Before or After Eldorado Deal, Won’t Do So Going Forward
MGM Resorts International (NYSE: MGM) didn't consider buying properties from rival Caesars Entertainment Corp. (NASDAQ: CZR) before or after Eldorado Resorts, Inc. (NASDAQ: ERI) announced a $17.3 billion takeover offer for the Las Vegas-based company. On MGM's second-quarter earnings conference call Thursday,...
Wynn, Encore Las Vegas Are Top Two US Casinos, Per TripAdvisor Users, But Las Vegas Overall Ranks Low
After parsing data from nearly 361,000 reviews, online travel company TripAdvisor ranked the top 50 US casinos and the news is good for Wynn Resorts. The Wynn Las Vegas and the neighboring Encore took the top two spots, according to TripAdvisor. The...
MGM Shares Surge on Second-Quarter Revenue Surprise Led by Macau, Regional Properties
Shares of MGM Resorts International (NYSE:MGM) surged more than 6 percent during Thursday's after-market trading after the largest operator on the Las Vegas Strip reported second-quarter revenue that topped expectations. For the quarter ending June 30, MGM posted revenue of $3.22 billion,...
After Earnings Miss, Analyst Defends Las Vegas Sands Stock, Sees Assets as ‘Undervalued’
Las Vegas Sands Corp. (NYSE:LVS) stock slid Thursday and at one point traded lower by 5.3 percent after the company delivered slack second-quarter earnings, disappointment that was largely attributable to softness in the company's Macau business. In a report out after the...
Pac-12 Conference Bringing Football Championship Game to Las Vegas Stadium for 2020, 2021 Seasons
The Pac-12 Conference is moving its 2020 and 2021 football title showdowns to Las Vegas Stadium, giving the venue that's still under construction another football game for each of its first two seasons. The stadium, which will be home to the NFL's...
Las Vegas Sands Shares Stumble After Company Posts Soft Macau Results
Shares of Las Vegas Sands Corp. (NYSE:LVS) plunged in Wednesday's after-hours session after the company said it earned 72 cents a share in the second quarter, well short of the 78 cents per share analysts were expecting. At one point the stock...
California Tribe Scores Important Win in Effort to Open Hard Rock Bakersfield Casino
California's Tejon Indian Tribe notched a critical win in its quest to open a $600 million Hard Rock Hotel and Casino in Mettler, Calif., near Bakersfield, when the Kern County Board of Supervisors unanimously voted on Tuesday in favor of a $218...
Long Beach Vice Squad Breaks up Home-Based Illegal Gambling Ring, Seizes Four Guns, $2,000 in Cash
Vice detectives in Long Beach, Calif. disrupted an illegal gambling operation being run out of a residence on July 19, seizing gaming machines, weapons, ammunition, and cash. The bust also resulted in three arrests. Authorities did not specify the nature of the...
Former Caesars VP Sues Casino Company, Claiming Sexual Misconduct Was Ignored
Jocelyn Agnellini Allison, previously a regional vice president for marketing for Caesars Entertainment Corp. in New Jersey, is suing her former employer and Caesars Enterprise Services. Allison claims that she was discriminated against because she's a woman, that she was retaliated against...
Raiders Stadium Las Vegas Budget Jumps to $1.9 Billion With More Suites, Club Seating Added
The budget for Las Vegas Stadium, the Strip venue that will host games for the NFL's Raiders, is on the rise to $1.9 billion from the initial projection of $1.8 billion after officials recently signed off on $40 million in new construction...
