5082 stories by Todd Shriber
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...
Tipsy Gamblers More Likely to Throw Good Money After Bad, Says University of British Columbia Study
It's not surprising that gambling while intoxicated isn't the wisest use of money. But new evidence suggests that liquid courage emboldens players to chase losses. Researchers at the Centre For Gambling Research at the University of British Colombia (UBC) conducted a study...
Rutgers Study Paints Ominous Picture For Atlantic City Due to Market Saturation, Increasing Regional Competition
Buoyed by internet gaming and sports betting, casino operators in Atlantic City, N.J., broadly speaking, are enjoying a solid 2019 on the gross gaming revenue (GGR) front. But the good times won't last forever amid saturation in what was once the gambling...
Twin River Sees Encore Boston Harbor Pressure Abating, Uses Stock Weakness to Repurchase Shares
Twin River Worldwide Holdings, Inc. (NYSE:TRWH) has been plagued by the addition of Encore Boston Harbor to the New England gaming scene. The Rhode Island company's stock tumbled almost 22 percent since the Wynn property debuted in neighboring Massachusetts. As expected, Twin...
Eldorado Resorts, Caesars Shareholders Vote to Tie The Knot, Create Largest US Casino Operator
Eldorado Resorts, Inc. (NASDAQ:ERI) and Caesars Entertainment Corp. (NASDAQ:CZR) investors today overwhelmingly voted in favor of the regional gaming company's $17.3 billion takeover of the Caesars Palace operator. Each company held special shareholder meetings on Friday in Nevada – Eldorado in its...
