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Todd Shriber
5640 stories by Todd Shriber
Despite Recent Returns, Analysts Bullish on MGM Resorts Stock as Company Seeks to Control Costs
Shares of MGM Resorts International are up just 5.3 percent year-to-date, barely more than half the year-to-date gain of rival Las Vegas Sands Corp. and just over a third of the returns notched by Wynn...
Iowa Casino Gaming Making Bank, ‘Significant’ Contributor to State Revenues in 2018
A new report from the Iowa Racing and Gaming Commission (IRGC) indicates that the Hawkeye State hauled in approximately $1.5 billion in casino gaming revenue in 2018, the best figure for the state in six...
SugarHouse Casino $250K Lawsuit Filed by Two Pennsylvania Players Alleges Bad Card Decks and Shufflers
Two Pennsylvania gamblers are suing the SugarHouse Casino in Philadelphia for $250,000, alleging the gaming venue used card shufflers that failed to function properly and decks that had too few -- or too many --...
No Pot Near Casinos: Nevada Gov. Steve Sisolak Pushes New Bill to Keep Marijauna Away from Gaming
Nevada Gov. Steve Sisolak (D) wants the state to regulate its ever-growing legal marijuana industry, calling for possible cannabis lounges to be located well away from casinos, churches, synagogues, and mosques, as well as parks...
Casino Group Macau Legend Looking at Laos, Cambodia, and Vietnam for Expansion
Macau Legend Development Ltd. is continuing its efforts to build its empire beyond the Chinese territory. The entertainment and gaming operator is eyeing several Southeast Asian markets, as well as looking at greater expansion in...
Harrah’s New Orleans Fights Louisiana Over $40 Million in Back Hotel Taxes
Harrah's New Orleans has as much as $40 million in hotel taxes on the line as it unleashes a legal fight against the Louisiana Department of Revenue. The tax fight dates as far back as...
Analyst Trims Price Targets on MGM, Sands, and Wynn as Macau Revenues Drop
Citing a variety of factors, Union Gaming analyst John DeCree -- who heads up the company's North America Equity/High Yield Research division in New York -- has forecast a larger decline in Macau VIP revenue...
Lakes Charles, Louisiana Casino Hit for $14K By Man Using Employer’s Credit Card
A casino in Lake Charles, Louisiana was taken for $14,000 by a Pasadena, Texas man in March, local law enforcement recently revealed. David Allen Hass, 34, stands accused of using his employer's credit card to...
Soros Fund Management Downsizes Caesars Entertainment Shares by 25 Percent, Formerly Owned Close to Five Percent of Gaming Operator
As titans of the casino gaming and investment communities jostle to determine the fate of Caesars Entertainment Corp., big-name investor George Soros is reducing his stake in the casino operator. Soros Fund Management, LLC, the...
Sports Betting Could Come to Chicago’s Wrigley Field, Other Illinois Stadiums
Gambling at the Friendly Confines? Chicago stadium venues could offer sports wagering soon, as Illinois legislators mull legalizing sports betting to raise much-needed revenue. Several plans to legalize sports betting in Illinois have recently been...
