5083 stories by Todd Shriber
Bernstein Projects Eight Percent Macau Gaming Revenue Jump as VIPs Return
Bernstein analysts are forecasting an eight percent increase for Macau gross gaming revenue (GGR) this year. But that contains the familiar caveat that a return to higher numbers in the Chinese gambling territory will come mostly in the last six months of...
Mono Indians Land Date With California Supreme Court in Club One Casino Quest
The North Fork Rancheria of Mono Indians has a date with the California Supreme Court, the latest step in a long-running effort by the tribe to open a casino near Madera, Calif. The Mono Indians' quest to bring a gaming property to...
Wynn Resorts Says Encore Boston Harbor Job Cuts Aren’t Happening, But ‘Rightsizing’ Will Occur
Following a local media report claiming that 70 staffers at the newly minted Encore Boston Harbor are being laid off, Wynn Resorts is calling that news inaccurate. But the operator says some “rightsizing” will take place at its New England property. Earlier...
Philly Not So Special: Former MLB Pitcher Schwimer Reverses Course on Tout Service After Five Months
Michael Schwimer, who had a brief career as a Major League Baseball (MLB) pitcher, is altering the approach for his Jambos Picks sports tout service that he launched just five months ago. The new direction may include not selling picks in the...
Las Vegas Sands Top Pick Among Large-Cap Gaming Equities, ‘Must-Own’ For Long Term, Says Analyst
Shares of Las Vegas Sands Corp. (NYSE:LVS) jumped 32.64 percent last year. While there could be some headwinds in Macau in the first half of 2020, analysts are mostly bullish on the Venetian operator's stock, particularly for long-term investors. In a note...
South Dakota to Give Sports Betting Another Shot As Regional Competition Increases
In an effort to keep up with some neighboring states, South Dakota lawmakers will again consider sports betting legislation this year after a similar effort was defeated in 2019. Voters in the Mount Rushmore State would ultimately decide the fate of sports...
Tule River Indian Tribe Wins Another Round in Quest to Move Eagle Mountain Casino
The Tule River Indian Tribe notched another victory Tuesday in its effort to move its Eagle Mountain Casino in Northern California. The win came when the Tulare County Board of Supervisors signed-off on an accord with the tribe. The tribal nation is...
Eldorado Resorts Is Stifel Analyst Top Gaming Pick for 2020, Sees Massive Upside Ahead as Caesars Is Integrated
Fresh off a 2019 gain of more than 57 percent, which compares nicely with the roughly 30 percent returned by the S&P 500, Eldorado Resorts, Inc. (NASDAQ:ERI) is poised to deliver more upside for investors in 2020 as it integrates Caesars Entertainment...
Chiba Becomes Latest Japanese City Bowing out of Integrated Resort Competition
Just days before Japan's newly formed casino commission is set to meet for the first time, Chiba Mayor Toshihito Kumagai announced Tuesday his city is abandoning plans to host an integrated resort. News of Chiba's departure from the gaming property race in...
Caught in Cambodia: 16 North Koreans Busted for Operating Illicit Chinese Gambling Site
Law enforcement officers in Cambodia recently arrested 16 North Korean nationals for their roles in running an illegal gambling operation with ties to China. The North Koreans, who weren't identified by Cambodian authorities, were working as information technology (IT) staffers for an...
