4984 stories by Todd Shriber
Gaming and Leisure Properties, Vici Combination Endorsed by Nomura Instinet Analyst Daniel Adam
The idea of Vici Properties (NYSE:VICI) acquiring rival Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) gained some momentum today, as Nomura Instinet analyst Daniel Adam said the scheme is sensible for both companies. A combination between the two gaming real estate investment trusts...
Nevada Gaming Commission Signs off on MGM $825 Million Circus Circus Sale to Ruffin
The Nevada Gaming Commission (NGC) on Thursday gave the green light to MGM Resorts International for its $825 million sale of the Circus Circus to billionaire Phil Ruffin. MGM, the largest operator on the Las Vegas Strip, announced plans to part with...
Land & Buildings Investment Prods Gaming and Leisure Properties to Consider Marriage With Rival Vici
Land & Buildings Investment Management, LLC, an activist investor focusing on real estate assets, is reportedly pressing Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) to consider a deal with rival Vici Properties (NYSE:VICI), perhaps even a merger. Land & Buildings (L&B), run by...
Mayor Soria Fights for Commerce Casino, Urges Attorney General Becerra to Reconsider New Cardroom Rules
Commerce, Calif. Mayor John Soria is leading the charge to protect his city's namesake casino by prodding California Attorney General Xavier Becerra. He's asking him to reconsider recently revealed rules changes that could make the Golden State's cardrooms unattractive to gamblers. California's...
Bookmaker Bank: Mardigan Assets Provide Windfall For Maine, Seizures Top Prior Five Years Combined
Maine bookmaker Stephen Mardigan's assets provided a significant boost to federal authorities seizure totals for the 2019 fiscal year, according to recent data from the US Attorney's Maine District Office. The Department of Justice (DOJ) ordered Mardigan, 63, to turn over $13...
People’s Bank of China Boosts Macau Remittance Cap, Move Could Benefit Gaming Companies
The People's Bank of China (PBOC), that country's central bank, said Wednesday it's increasing the daily limit on money transfers from Macau to the mainland. It's a move that could eventually prove beneficial to the peninsula's six gaming concessionaires. PBOC said the...
Norfolk Pushes Pamunkey to go Commercial While Scaling Back Original Estimates for Casino Project
At a public hearing earlier this week, Norfolk, Va. Mayor Kenny Alexander (D) announced significant alterations to the city's effort to become home to a casino. That included plans to require the Pamunkey Indian Tribe to open a commercial, not a tribal,...
Wynn Resorts Extends CEO Maddox Through End of 2022, Alters Stock Compensation to Performance-Based
Wynn Resorts, Ltd. (NASDAQ:WYNN) said its board of directors unanimously voted to extend CEO Matt Maddox's employment contract through the end of 2022. His initial employment agreement had a termination date of Feb. 27, 2021, but that has been amended to Dec....
Pansy Ho Continues Reducing MGM Resorts Investment, Stake Down to 1.78 Percent Following Latest Sales
Pansy Ho, the eldest daughter of Macau gaming mogul Stanley Ho, continues paring her stake in MGM Resorts International (NYSE:MGM). From Nov. 26 through Dec. 12, Ho sold nearly 2.45 million shares worth of the Las Vegas-based integrated resort operator, according to...
Hard Rock International Not Done Trying to Roll in Hokkaido
In November, Hokkaido Governor Naomichi Suzuki said his prefecture was withdrawing from the competition to become home to an integrated resort, leaving some operators in the lurch. Others remain focused on bringing a gaming property to the region in Northern Japan, including...
