5218 stories by Todd Shriber
Public Prosecutor Raids Gaming Company Tokyo Office Connected to Graft Scandal
Various Japanese media outlets reported early Friday that the Tokyo Public Prosecutor's office “raided” the work space of an unidentified gaming company in the city. The raid was in connection to the sprawling bribery probe that has wracked the country's efforts to...
MGM Bets on Black Hole, Becomes Las Vegas Raiders Official Gaming Partner
Jan. 22, 2020 will go down as an historic date in NFL lore, because that's the day the Raiders officially became the league's first franchise in Las Vegas. After being the Las Vegas Raiders for just a day, the franchise quickly found...
Red Rock Resorts Rallies After Forecasting Consensus-Beating Q4 Results, Palms Chips In
Shares of Station Casinos parent Red Rock Resorts, Inc. (NASDAQ:RRR) rallied Thursday after the company pre-announced fourth-quarter results, delivering revenue and earnings before interest, taxes, depreciation and amortization (EBITDA) estimates that thump Wall Street forecasts. The operator of the Palms said it...
Baker Budget Bets on Less Tax Revenue From Massachusetts Casinos
Massachusetts Gov. Charlie Baker's fiscal 2021 budget forecasts $282.7 million in receipts from the state's three casinos, down from the $294 million the Commonwealth is expecting to haul in for the current fiscal year. As of the end of 2019, the Bay...
Coronavirus Cancellation: Macau Scraps Chinese New Year Fest After Second Illness Case Emerges
The Macau Government Tourism Office (MGTO) is nixing plans for Chinese Lunar New Year festivities on the peninsula following confirmation of a second case of the coronavirus. It was reported Thursday that Wang Guangfa, 66, of Peking University First Hospital was the...
Coronavirus Scare Sees Las Vegas Sands Get Chilly Analyst Review, Another Sees Buying Opportunity
Speculation that the coronavirus outbreak could make its way to Macau and prevent gamblers from visiting the peninsula is weighing on operators' stocks this week. Down 5.33 percent over the past few days, Las Vegas Sands (NYSE:LVS) is one of several names...
Brash Bettor Gorodetsky Facing Fraud Charges, Feds Claim he Duped Investor out of $10 Million
Robert Gorodetsky, a sports handicapper who rose to notoriety and now infamy for his brash betting style, is facing two criminal charges related to allegations that he bilked an investor out of nearly $10 million. In a filing in US District Court...
MGM Grand Detroit Provides Octane as Motor City Casinos Notch Record $1.454 Billion Revenue in 2019
Lead by the MGM Grand Detroit, the three gaming properties in Michigan's largest city posted a record $1.454 billion in revenue last year. That's an increase of $10 million from the $1.444 billion generated in 2018. MGM Grand Detroit and MotorCity Casino...
First Coronavirus Case Reported in Macau Just Days Before Chinese New Year Festivities
A 52-year old woman from China's Hubei province is Macau's first case of the coronavirus, the respiratory illness that has resulted in 17 deaths on the mainland in recent days. Macau authorities say the woman entered the gaming hub Sunday through the...
Vici Properties Scores Moody’s Credit Upgrade, Earns Stable Outlook
The Vici Properties (NYSE:VICI) credit rating has been boosted by Moody's Investors Service to Ba3 from B1 with a stable outlook, moving the real estate company closer to investment-grade territory. Moody's decision to elevate Vici was revealed on the same day that...
