5590 stories by Todd Shriber
MGM Remains All In on Osaka as Rivals Consider Other Japanese Cities For Integrated Resorts
MGM Resorts International is reiterating its commitment to Osaka in its effort to land a prized Japanese gaming license even as at least one of its rivals shifts its focus other metropolitan areas in the Land of the Rising Sun. The company...
MGM Resorts, King of Las Vegas Strip, Makes First Non-Gaming Investment, Buys 50 Percent Stake in Boutique Hotelier
MGM Resorts International, one of the largest operators on the Las Vegas Strip, is diversifying its resort holdings with a 50 percent acquisition of boutique hotel operator Sydell Group, a deal that represents the casino giant's first non-gaming interest. MGM didn't disclose...
Apple Applies Hollywood-esque NC-17 Rating to Gambling Apps, Even Ones Where Real Money Isn’t at Stake
Apple is mandating that developers of mobile applications downloaded via the company's App Store rate even simulated gambling apps as appropriate only for users 17-years-old and up. In an email to app developers on Tuesday, Apple said games deemed “frequent” or “intense...
Casino Industry Consolidation Likely Spurs More Sale-Leaseback Deals, Say Real Estate Experts
As consolidation picks up in the casino gaming industry, commercial real estate analysts believe so will the level of sale-leaseback transactions. Sale-leaseback deals, or SLBs, are commonplace in the industry and often viewed as win-wins for casino operators and real estate companies....
Las Vegas Sands Stock Hit With Downgrade, Analyst Trims Earnings Estimates, Citing Macau Slump
Las Vegas Sands Corp. (NYSE:LVS) stock is lower by more than 14 percent just this month amid concerns business is slowing in Macau, and one analyst is growing leery of the near-term outlook for the casino operator. In a note out Tuesday,...
Tacko Fall, NBA Summer League Cult Hero, Gets More Tickets, Money For Rookie of the Year at SuperBook Than Zion Williamson
Tacko Fall, the 7-foot-6 University of Central Florida (UCF) product turned Boston Celtics project, is garnering attention from bettors as a Rookie of the Year candidate, even if he's not a lock to be on the Celtics' opening night roster. Fall, who...
MGM Springfield Didn’t Anticipate Customer Loyalty to Connecticut Tribal Casinos
Among other first-year snafus, officials at MGM Springfield didn't expect Connecticut gamblers to remain so loyal to the two casinos in their home state – Foxwoods Resort Casino and Mohegan Sun – a factor executives believe weighed on gross gaming revenue (GGR)...
Penn National Shares Surge, Company Reveals Plans For Indiana Sportsbook Just 23 Miles From Chicago
Shares of Penn National Gaming, Inc. (NASDAQ:PENN) are up nearly five percent in late trading Monday after the company said that its Ameristar Casino East Chicago property in Indiana will begin taking sports bets on Sept. 1. Investors' enthusiasm for Penn National...
Pennsylvania Sports Handle Expected to Get Big Seasonal Boost as Football Season Kicks Off
Pennsylvania's already growing sports betting handle should get a significant jolt when the calendar turns to September, potentially soaring to $125 million as the NFL season gets going. The Keystone State's handle, the total amount wagered on sports, jumped to $59.3 million...
Genting, Hard Rock, Mohegan Gaming Emerge as Final Competitors Casino at Abandoned Greece Airport
Plans to turn the former site of the Hellenikon International Airport near the Greek capital of Athens into a casino are crystallizing. Three contenders are emerging ahead of the Sept. 30 deadline for the Greek government to render a decision on the...
