5083 stories by Todd Shriber
Ford F-150 Favored in Battle of Strength Against New Tesla Cybertruck
Last week, Elon Musk's Tesla unveiled the Cybertruck, the electric vehicle maker's initial foray into the pickup truck arena, an automobile segment long dominated by traditional internal combustion engines (ICE). As is often the case with new product launches by California-based companies...
Macau Handover Celebration Prompts Visa Restrictions, Could be Another Drag on VIP Revenue
Ahead of the December celebration commemorating the twentieth anniversary of Macau's handover from Portugal to China, authorities on the mainland are restricting visas, thereby limiting visits to the gambling hub. That potentially throws another wrench in operators' efforts to bolster sagging revenue...
Steven Cohen’s Point72 Asset Management Loads up on MGM Resorts Shares
Point72 Asset Management, the family office run by former hedge fund boss Steven Cohen, gobbled up shares of MGM Resorts International (NYSE:MGM) during the third quarter. That makes the gaming company one of the asset manager's top equity holdings. MGM, the largest...
Brazil President Bolsonaro Courts Evangelical Supporters Prior to Entertaining Gambling Expansion
Brazilian President Jair Bolsonaro is looking to drum up support among evangelical politicians and their constituents, groups that were integral in his surprise 2018 victory. That's before making a formal decision on expanded casino gaming in the country. On the campaign trail...
Gaming and Leisure Properties Gives Investors Something to be Thankful For: A Higher Dividend
Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) gave its shareholders a pre-Thanksgiving gift Wednesday in the form of a higher dividend. The gaming real estate investment trust (REIT) said today it's boosting its quarterly payout by almost three percent to 70 cents per...
Caesars Already Trimming Corporate Headcount in Advance of Eldorado Resorts Deal Being Completed
A key element in Eldorado Resorts, Inc.'s (NASDAQ:ERI) $17.3 billion takeover of Caesars Entertainment Corp. (NASDAQ:CZR) is the acquirer's ability to find at least $500 million in cost savings. That's a figure that was floated even before the regional gaming company made...
Caesars Entertainment in Discussions With DC United to Bring Sportsbook to Audi Field
Caesars Entertainment is reportedly in talks with Major League Soccer (MLS) club D.C. United about bringing a sportsbook to the team's home pitch, Audi Field. The gaming company and the team are hoping to have the sportsbook operational by the spring, according...
November Rain: Nomura Instinet Says This Will be Worst Month of 2019 For Macau Operators
Analysts are piling on when it comes to gloomy fourth-quarter forecasts for Macau gross gaming revenue (GGR). Today, Nomura Instinet said it expects November will be the worst month of 2019 for turnover in the Asia gambling hub. In October, Macau's six...
Hard Rock or Mohegan Gaming Committed Procedural Snafu That Will Delay Announcement of Greece Casino Winning Bidder
Hard Rock International and Mohegan Gaming and Entertainment (MGE), the casino operating unit of Connecticut’s Mohegan tribe, are the two operators vying to win the rights to open an integrated resort on land occupied by the abandoned Hellenikon International Airport near Athens....
Full House Resorts Shares Surge After Fund Manager Gabelli Says he Likes The Stock
Shares of regional gaming company Full House Resorts, Inc. (NASDAQ:FLL) jumped by nearly 22 percent earlier Monday after Gabelli Asset Management Company Investors (GAMCO) founder Mario Gabelli highlighted the stock in an interview with CNBC. At this writing, shares of the operator...
