Areas of Expertise
5083 stories by Todd Shriber
Atlantic City Discontent: Hard Rock CEO Allen Expresses Dejection Over Boardwalk Not ‘Rising to the Occasion’
Hard Rock International CEO Jim Allen has a bone to pick with Atlantic City, N.J., the East Coast gaming hub and home to one of his company's properties. The Hard Rock Atlantic City opened in June 2018 and the operator poured $500...
Eldorado Resorts Stock is on Fire, but Investors may not Want to Cash in Their Chips Just Yet
Eldorado Resorts, Inc. (NASDAQ:ERI) is one of the most impressive stories among gaming stocks in 2019. The shares are up 7.59 percent this month and nearly 27 percent since the start of the current quarter. But some analysts believe there's more to...
Century Casino Shares Surge After Analyst Starts Coverage With ‘Outperform’ Rating, Calls Stock ‘Cheapest’ in Regional Gaming Group
Shares of Century Casinos, Inc. (NASDAQ:CNTY) rallied Thursday after an analyst initiated coverage of the micro-cap company with a bullish rating, noting that the operator of two Colorado casinos is among the most attractively valued in the regional gaming space. In a...
Players And Pooches: MGM Goes Dog-Friendly at Las Vegas Strip, Three Regional Properties
MGM Resorts International is hoping to gain traction with dog lovers, expanding its dog-friendly policy at select properties so guests can bring their furry friends with them on visits to Las Vegas and other regions. The company said its new policy will...
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:...