4982 stories by Todd Shriber
Las Vegas Sands Bond Sale Tagged With BBB- Mark, Fitch Says Macau Concession Risk Prevents Higher Rating
Las Vegas Sands Corp. (NYSE:LVS) said Thursday it's selling an unspecified amount of debt, which earned a BBB- grade with a “positive” outlook from Fitch Ratings. The BBB- mark is the research firm's lowest in investment-grade territory. In July, the operator of...
William Hill Banks on Bettors in Purchase of Cosmopolitan, Venetian, Palazzo Sportsbooks From CG Technology
William Hill Plc (OTC:WIMHY), one of the world's largest sportsbook operators, added to its portfolio of retail sports wagering locations Wednesday. It's acquiring the books at the Cosmopolitan, Palazzo and Venetian on the Las Vegas Strip from CG Technology (CGT). The British...
Kitakyushu Becomes a Player in Japan Integrated Resort Field as Mayor Woos Hong Kong Operator
Kitakyushu, a city located on Kyushu Island in Southern Japan, hasn't frequently been mentioned as a potential destination for an integrated resort. But that could change if the city throws its hat in the ring. The city's interest in becoming home to...
No Dice: Mount Airy Mini Casino Plan Rejected by Pennsylvania Gaming Control Board
Mount Airy Casino Resort's plan to open a Category 4 “mini-casino” in Beaver County was rebuffed by the Pennsylvania Gaming Control Board (PGCB) Wednesday. Members of the PGCB said that the effort was turned back because Mount Airy couldn't procure adequate funding...
MGM Growth Properties Will Sell 24 Million Shares to Fund ‘Potential’ Deal With MGM Resorts
MGM Growth Properties LLC (NYSE:MGP) stock slid more than one percent during Tuesday's after-hours trading session after the company said it's selling 24 million shares. Some of the proceeds could be used to fund its role in a joint venture with majority...
Florida Anti-Gambling Leader Sowinski Moves Swiftly in Labeling New Sports Betting Legislation Unconstitutional
The sports wagering universe was abuzz Monday after a Florida state senator proposed three bills that could set the stage for sports betting to be legalized there. But an anti-gambling expansion critic is already saying those proposals violate the Sunshine State's constitution....
Las Vegas Sands, Wynn Resorts Expected to be Among Seven Bidders For Yokohama Integrated Resort License
Las Vegas Sands Corp. (LVS) and Wynn Resorts Ltd., two of the largest US gaming companies, are expected to be among the seven operators competing to bring an integrated resort to Yokohama. Officials in Japan's second-largest city recently said they have received...
Brandes Files Sports Betting Legislation in Florida, Could be Considered by Lawmakers in 2020
State Sen. Jeff Brandes (R-FL) filed a sports betting bill today, potentially paving the way for the third-largest US state to consider permitting the activity as a means of increasing education revenue. Brandes, who represents part of Pinellas County along the Gulf...
Blackstone Real Estate Fund Completes $4.25 Billion Bellagio Buy From MGM Resorts Just A Month After it Was Announced
The Blackstone Group (NYSE:BX), one of the world's largest private equity firms, completed its $4.25 billion purchase of the Bellagio on the Las Vegas Strip from MGM Resorts International (NYSE:MGM) barely more than a month after the transaction was announced. The deal,...
It’s On In Osaka: City Will Engage Integrated Resort Operators Next Month
Hirofumi Yoshimura, the governor of Osaka Prefecture, recently stated that the region and city will formally engage prospective integrated resort (IR) operators in December. The goal is announcing a winning bidder as soon as next spring. Osaka is one of several Japanese...
