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Todd Shriber
5728 stories by Todd Shriber
MGM Growth Properties Luring Professional Investors With Rising Rents, Higher Dividends
MGM Growth Properties LLC (NYSE:MGP), a gaming and leisure real estate investment trust (REIT), is becoming a favorite of professional investors, including hedge funds. The company owns 13 integrated resorts across the US, including the...
Macau Sees Strong Demand For Yuan-Backed Bonds as Territory Looks to Diversify Economy
China's Finance Ministry sold about $247 million worth of yuan-denominated bonds in Macau on Friday as part of an ongoing effort to diversify the territory's economy away from casino gaming. The July 5 bond sale...
Legal Sports Betting Seen as Driving Force For Live Television Viewership
Bettors with skin in games are more likely to watch those contests on television, indicating increased legalization of sports betting across the US could drive higher ratings for networks broadcasting major sporting events. A study...
Beaumont, Texas Bookie and Family Must Hand Over Chanel Jewelry, Rolexes, Cash to Feds
Larry Tillery, the Texas businessman charged with operating one of the largest bookmaking operations in the US, his wife and son must turn over a slew of high-end jewelry, cash, accessories and more to the...
Casino Owner Twin River Rapidly Becoming Hedge Fund Favorite
Twin River Worldwide Holdings, Inc. (NYSE:TRWH), the owner of four casinos in three states, became a public company through its acquisition of Dover Downs Gaming & Entertainment, launching an initial public offering (IPO) on the...
Eldorado Enthusiasm: Analyst Forecasts Epic Move in Stock After Caesars Deal
In June, Eldorado Resorts, Inc. (NASDAQ:ERI) said it is acquiring Caesars Entertainment Corp.(NASDAQ:CZR) for $17.3 billion, a purchase that is being met mostly with enthusiasm among analysts and investors. While there has been chatter that...
Following Las Vegas Sands Pennsylvania Sale, Expected Windfall Becomes a Trickle For Bethlehem
Bethlehem, Pennsylvania was expecting a windfall of cash when Las Vegas Sands sold its casino there earlier this year to the Poarch Band of Creek Indians. Instead, the town in the eastern part of the...
Analyst Trims Wynn Earnings Estimates, Price Target, But Remains Optimistic
David Katz of Jefferies, one of the most widely followed gaming and leisure analysts on Wall Street, pared earnings estimates and his price target on shares of Wynn Resorts, Ltd. (NASDAQ:WYNN), but remains bullish on...
Japan Trade Groups Step up Pressure on Yokohama Mayor as Integrated Resort Opposition Grows
The Yokohama Harbor Transport Association and the Yokohama Harbor Resort Association are intensifying pressure on the city's mayor, Fumiko Hayashi, to oppose an integrated resort in Japan's second-largest city. Ten months ago, Yokohama garnered at...
Busted Bakersfield Casino Also Had Stolen Firearms, 3,000 Rounds of Ammunition
Sheriffs deputies in Kern County, California raided an unlicensed casino in South Bakersfield Saturday and found much more than just illegal gaming machines. In addition to unearthing an eight-person fish table gaming console and six...
