4985 stories by Todd Shriber
Wynn CEO Maddox Confirms Company Has Yokohama State of Mind in Japan
Wynn Resorts, Ltd. (NASDAQ:WYNN) CEO Matt Maddox confirmed the gaming operator is focusing its Japan efforts on Yokohama. The company will soon open an office in that city geared toward driving its initiatives in the country forward. Wynn Resorts Development Japan, the...
Japan Delays Casino Withholding Tax Plan Before it Gets Off the Ground
A recent proposal by Japanese politicians to impose a withholding tax on winnings of foreign gamblers at the country's yet-to-be-constructed integrated resorts is already being delayed before the idea gained much momentum. Previously, policymakers believed it would be beneficial to gaming companies,...
Wynn Macau Selling $1 Billion Worth of Bonds to Reduce Higher Rate Debt
Wynn Macau Ltd. said it has sold $1 billion in corporate bonds, netting the gaming company $991.3 million in proceeds it will use to reduce debt previously issued at higher interest rates. In a filing with the Hong Kong Stock Exchange released...
Penn National Gaming Potentially Potent Pick Among Regional Gaming Equities, Says J.P. Morgan
Up almost 14 percent since the start of the fourth quarter, Penn National Gaming (NASDAQ:PENN) is proving resurgent among regional gaming equities, a theme some analysts believe could be durable. In a note to clients Tuesday, J.P. Morgan analyst Joseph Greff reiterated...
Analysts Confirm Macau Visa Control Policy Crimping December Visits to Gambling Hub
Implementation of visa restrictions is limiting gamblers' visits to Macau this month, and that's crimping monthly gross gaming revenue (GGR), say some analysts. In a report out Monday, Bernstein's team of gaming analysts note the tighter visitation policy, revealed as part of...
Illinois Sports Betting Likely to Miss Super Bowl, But March Madness Could be Consolation Prize
Efforts to get sports betting operational in Illinois appear likely to fall short of being ready for the Super Bowl. But Prairie State bettors don't need to fret, because some politicians there believe it'll be ready for another heavily wagered-on sports tradition:...
Melco Resorts CEO Lawrence Ho Expects Yokohama Integrated Resort Will Cost at Least $10 Billion
Add Melco Resorts Chairman and CEO Lawrence Ho to the list of gaming executives forecasting massive price tags to build high-end integrated resorts in Japan. Ho, leader of one of the largest gaming companies operating in Asia, recently put an 11-figure estimate...
Wynn Resorts Reports Better October EBITDA, Revenue in Macau Helped by Higher Table Games Win Percentage
Wynn Resorts, Ltd. (NASDAQ:WYNN) stock took a beating in the third quarter amid a slowdown in Macau. While broader gross gaming revenue (GGR) numbers for the Chinese territory have slumped over the past couple of months, the operator is reporting a solid...
Sports Betting, Fantasy Sports Boosting NFL TV Ratings, Says Giants Co-Owner Tisch
Expanded sports wagering in the US is providing an assist to the country's most popular professional sport. NFL television ratings are rising and some team owners are taking note, including New York Giants co-owner and treasurer Jonathan Tisch. Currently, 13 states have...
Mohegan Gaming Mulls Japan Choices After Hokkaido Departs Integrated Resort Competition
Last month, officials in the Japanese prefecture of Hokkaido said they were dropping out of the competition to land one of the country's first three integrated resort licenses. That's news that's prompting at least one of the operators that was eyeing that...
