5138 stories by Todd Shriber
Eldorado Resorts Stock Draws a Crowd of Hedge Funds as Completion of Caesars Acquisition Looms
Shares of Eldorado Resorts, Inc.’s (NASDAQ:ERI) stock tumbled late in the second quarter after the regional gaming company announced a $17.3 billion takeover offer for Caesars Entertainment Corp. (NASDAQ:CZR). That weakness extended into the following quarter, with the stock shedding roughly a...
Japan Already Considering Tax Rules For Foreign Winners at Unbuilt Integrated Resorts
Japanese politicians are evaluating proposals that would implement withholding taxes on international winners at the country's yet-to-be-constructed integrated resorts. The politicians claim that laying out a tax system prior to the venues being built could make life easier for revenue collectors and...
France, England Emerge as Favorites After UEFA Euro 2020 Groups Revealed
Defending World Cup Champion France and semi-finalists England have been installed as the favorites to take home the UEFA Euro 2020 title by sportsbooks on both sides of the Atlantic. But there are some discrepancies as to which side is the official...
Cal Neva Lodge, Former Tahoe Hideaway For Sinatra and Rat Pack, Could Become Nobu Hotel
The Cal Neva Lodge & Casino, the Lake Tahoe resort that was once a favored destination of Frank Sinatra and his “Rat Pack” cronies, could be primed for a facelift from one of the world's glitziest hotel operators and restaurant chains. Cal...
Missouri Report on Hot Button Gambling Issues Coming Monday, Could Hint at State Plan For Sports Betting
A report by a bipartisan group of seven Missouri legislators is scheduled to be released Monday, and could bring clues about the state's plans for sports betting, as well as efforts to combat the proliferation of unregulated video lottery terminals (VLTs). State...
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...
