5360 stories by Todd Shriber
Steven Cohen’s Point72 Asset Management Loads up on MGM Resorts Shares
Point72 Asset Management, the family office run by former hedge fund boss Steven Cohen, gobbled up shares of MGM Resorts International (NYSE:MGM) during the third quarter. That makes the gaming company one of the asset manager's top equity holdings. MGM, the largest...
Brazil President Bolsonaro Courts Evangelical Supporters Prior to Entertaining Gambling Expansion
Brazilian President Jair Bolsonaro is looking to drum up support among evangelical politicians and their constituents, groups that were integral in his surprise 2018 victory. That's before making a formal decision on expanded casino gaming in the country. On the campaign trail...
Gaming and Leisure Properties Gives Investors Something to be Thankful For: A Higher Dividend
Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) gave its shareholders a pre-Thanksgiving gift Wednesday in the form of a higher dividend. The gaming real estate investment trust (REIT) said today it's boosting its quarterly payout by almost three percent to 70 cents per...
Caesars Entertainment in Discussions With DC United to Bring Sportsbook to Audi Field
Caesars Entertainment is reportedly in talks with Major League Soccer (MLS) club D.C. United about bringing a sportsbook to the team's home pitch, Audi Field. The gaming company and the team are hoping to have the sportsbook operational by the spring, according...
November Rain: Nomura Instinet Says This Will be Worst Month of 2019 For Macau Operators
Analysts are piling on when it comes to gloomy fourth-quarter forecasts for Macau gross gaming revenue (GGR). Today, Nomura Instinet said it expects November will be the worst month of 2019 for turnover in the Asia gambling hub. In October, Macau's six...
Hard Rock or Mohegan Gaming Committed Procedural Snafu That Will Delay Announcement of Greece Casino Winning Bidder
Hard Rock International and Mohegan Gaming and Entertainment (MGE), the casino operating unit of Connecticut’s Mohegan tribe, are the two operators vying to win the rights to open an integrated resort on land occupied by the abandoned Hellenikon International Airport near Athens....
Full House Resorts Shares Surge After Fund Manager Gabelli Says he Likes The Stock
Shares of regional gaming company Full House Resorts, Inc. (NASDAQ:FLL) jumped by nearly 22 percent earlier Monday after Gabelli Asset Management Company Investors (GAMCO) founder Mario Gabelli highlighted the stock in an interview with CNBC. At this writing, shares of the operator...
Dennis Blieden, Former Poker Champ, Pleads Guilty to Multiple Counts, Faces 22 Years in Prison
Dennis Blieden, a former executive at a Hollywood firm representing social media influencers and a professional poker player, last week plead guilty to federal charges. They stemmed from allegations he bilked more than $22 million from his previous employer to pay for...
Bernstein Trims Fourth-Quarter Macau Estimates, Sings Familiar Refrain of VIP Weakness
Bernstein analysts pared fourth-quarter earnings estimates for the six operators in Macau, noting an often-cited catalyst this year: sluggishness among high-end players. The research firm said it expects Macau gross gaming revenue (GGR) for the current quarter to decline seven percent on...
Basketball And Bets: Philadelphia 76ers Sports Wagering Broadcast Returns to NBC Sports Streaming Service
NBC Sports Philadelphia, one of the peacock network's eight regional sports networks (RSNs), brought back a sports betting-focused broadcast for 76ers games airing on its streaming service. NBC Sports BetCast relaunched on Wednesday for the Sixers' game against the New York Knicks,...
