5139 stories by Todd Shriber
MGM Growth Properties Capital Raise Benefits Credit Profile
MGM Growth Properties (NYSE:MGP) last week sold $800 million of senior unsecured notes, a move Moody's Investors Service views as a positive for the real estate company's non-investment grade credit profile. Of the $800 million MGP raised, $790 million will be used...
Resorts World Could Steal High Rollers from Marina Bay Sands as Money Laundering Probe Unfolds
Resorts World Sentosa could pilfer VIP market share from Singapore rival Marina Bay Sands (MBS), as the latter deals with a US Department of Justice (DOJ) inquiry into anti-money laundering violations. News broke last week that the DOJ is probing MBS management's...
DraftKings, FanDuel Lead May Tripling of Sports Betting App Downloads
Downloads of mobile sports wagering applications, including those offered by DraftKings (NASDAQ:DKNG) and FanDuel, more than tripled in May. That's despite limited offerings on the US sports slate, according to new research from Morgan Stanley. In March, the coronavirus pandemic forced the...
UBS Takes Axe to Macau 2020 Gaming Revenue Estimate, Forecasts 44 Percent Drop
UBS is revising lower its 2020 gross gaming revenue (GGR) forecast for Macau nearly four months after the coronavirus forced a 15-day shutdown of casinos there. In a recent note to clients, UBS analyst Robin Farley projects a 44 percent decline in...
Smarkets SBK App Debuts in Colorado as State Readies for Betting Boom
Smarkets, the company behind the eponymous betting exchange, said its SBK mobile application is making its US debut with a “soft launch” in Colorado, where the firm is partnering with Full House Resorts. Full House operates Bronco Billy’s in Cripple Creek, Colo....
MGM Growth Properties Lauded as Defensive Play on Las Vegas Rebound
MGM Growth Properties (NYSE:MGP), the owner of some of the most famous integrated resorts in Las Vegas, is being hailed as a defensive idea for conservative investors seeking participation in a gaming industry rebound. MGP is a gaming real estate investment trust...
Eldorado Resorts Top Pick for Sport Betting Mania, According to Analyst
Due in large part to DraftKings' (NASDAQ:DKNG) stellar debut as a public company, investors have sports betting fever. But one analyst is saying Eldorado Resorts (NASDAQ:ERI) is the best way to play the US sports wagering boom. DraftKings and Penn National Gaming...
Marina Bay Sands Facing Justice Department Money Laundering Inquiry
The US Department of Justice (DoJ) is reportedly examining anti-money laundering violations at the Marina Bay Sands (MBS) in Singapore. The probe centers around how management at the famed integrated resorts handled accounts of VIP gamblers. Marina Bay Sands Pte Ltd., a...
Eldorado Stock Approaches Highest Levels Since Early March as Nevada Properties Reopen
Eldorado Resorts (NASDAQ:ERI) is setting a blistering pace Thursday, acting as one of the leaders in a broader gaming industry rally. It is trading higher by more than eight percent at this writing on news that its five Nevada casinos are again...
DraftKings Links up With Michigan Tribe, Gets Online Betting Access in Eighth State
Following a two-day pullback, DraftKings (NASDAQ:DKNG) stock found some support Thursday on news the sportsbook operator won approval for online betting in Michigan. The company is partnering with Bay Mills Resort & Casino, a tribal gaming venue, to bring the DraftKings mobile...
