5139 stories by Todd Shriber
Wynn, Encore Las Vegas Glitter in Forbes’ Eyes, Land Five-Star Ratings
Wynn and Encore Las Vegas earned the prestigious five-star label from Forbes Travel Guide (FTG), becoming the largest and second-largest hotel properties, respectively, to attain that designation. The FTG list for 2020 was revealed on Wednesday, and ranks hotels, restaurants and spas...
Murren Departure Could Lure Some Investors Back to MGM, But Stock Lacks Near-Term Catalysts, Says Analyst
Shares of MGM Resorts International (NYSE:MGM) are lower by about five percent in midday trading Thursday. That follows an eventful Wednesday afternoon in which the company announced the resignation of Chairman and CEO Jim Murren, disappointing fourth-quarter results, and the withdrawal of...
Insiders Say No-Go on Florida Sports Betting This Year
Sports betting isn't likely to make much, if any, headway in Florida this year, according to state political insiders with connections in Tallahassee. The Florida Legislature is currently in session until mid-March. But with 2020 being an election year, incumbents' priorities may...
Eldorado Resorts Gets Pennsylvania Green Light For $17.3 Billion Caesars Takeover
Eldorado Resorts, Inc. (NASDAQ:ERI) landed another state approval for its $17.3 billion proposed acquisition of Caesars Entertainment Corp. (NASDAQ:CZR), getting the green light Wednesday from the Pennsylvania Gaming Control Board (PGCB). The Keystone State news comes just eight days after the Iowa...
Macau February GGR Estimates Are Getting Ugly, Bernstein Forecasting 95 Percent Plunge
Analyst estimates on February gross gaming revenue (GGR) in Macau aren't improving. They're getting worse, as casinos there remain closed in an effort to dampen the spread of the new coronavirus from China. In a recent note to clients, Bernstein estimated the...
Jefferies Sees $5 Billion EBITDA US Sports Betting Opportunity, Recommends Investors Wager on Flutter, William Hill
As an industry, legitimate sports wagering is still in its formative stages in the US. But some analysts believe investors don't need to rely on American companies to access what is expected to be exponential growth. In a note to clients Tuesday,...
Macau Casino Closure Scheme Faces Shortening Extension Odds
On Feb. 4, Macau Chief Executive Ho Iat Seng announced the Special Administrative Region's (SAR) gaming properties would be shuttered for 15 days. The move came to stem the spread of the new coronavirus from China after the confirmed case count there...
Twin River 2020 EBITDA Could Jump 8 Percent or More Thanks to Eldorado Acquisitions
Twin River Worldwide Holdings, Inc. (NYSE:TRWH) gave investors a glance into its fourth-quarter and full year earnings report Monday afternoon. The company revealed it expects 2020 adjusted earnings before interest, taxes, depreciation and amortization (EBITDA) to increase about eight percent. The operator...
XFL Inaugural Games Notch Handle 2,000 Times That of AAF First Weekend, TV Ratings Impress
In its debut weekend, the XFL garnered solid television ratings, and the new league generated interest in another venue: sportsbooks across the country. It wasn't an NFL weekend and it didn't need to be. But the latest version of the XFL posted...
Goldman Sachs Says Wynn Can Rally – if Coronavirus Fears Prove Overhyped
Assuming fears surrounding the new coronavirus from China prove overblown, Goldman Sachs views Wynn Resorts (NASDAQ:WYNN) as one of the stocks likely to benefit. But that's a big “if.” Identifying what constitutes concerns that have been blown out of proportion is subjective....
