4983 stories by Todd Shriber
Rhode Island Governor Raimondo Justifies Controversial $1B IGT Lottery Accord Before Lawmakers
Gov. Gina Raimondo (D-RI) went before Rhode Island lawmakers Tuesday to stand up for a 20-year, $1 billion contract she's pitching to have International Game Technology Plc continue managing the state's lottery. The agreement has consistently drawn scrutiny from politicians on both...
Norfolk, Virginia City Council Signs Off on Pamunkey Indian Tribe $700 Million Casino Resort Plan
By a vote of seven to one, the Norfolk, Va. city council on Tuesday approved a plan by the Pamunkey Indian Tribe to build a $700 million integrated resort on that city's waterfront. Earlier this month, the tribe reached an agreement with...
Hong Kong Uprising Could Actually Help, Not Hinder Macau, Analysts Say
The continuing pro-democracy uprising in Hong Kong, also known as the Anti-Extradition Law Amendment Bill Movement, could potentially drive more visitors to Macau, not deter them from visiting the gambling center, according to Bernstein analysts. The protests, which have stretched into a...
Wynn Resorts Rallies on Goldman Sachs Upgrade, Bank Says Investors Are Too Pessimistic
Wynn Resorts, Ltd. (NASDAQ:WYNN) stock rallied Tuesday, rising by more than two percent after Goldman Sachs analyst Stephen Grambling raised his rating on the casino operator. Grambling said investors have gotten too downbeat on the stock amid weakness in Macau. Entering Tuesday,...
Billionaire Financier Ron Perelman Boosts Stake in Scientific Games, Sparks Massive Rally in Stock
Scientific Games Corp. (NASDAQ:SGMS) chairman Ron Perelman, the corporate raider with stakes in over a dozen private and public companies, boosted his position last week in the maker of gaming devices , bringing his ownership of the company to 39 percent. Early...
MGM Resorts Leading Osaka IR Bid Competition, Says Analyst, But Competitors Linger
MGM Resorts International is in the pole position in the race to win a gaming license in Osaka, according to one analyst. But the Bellagio and Mirage operator faces a pair of competitors in its quest to build an integrated resort in...
Las Vegas Sands Chairman Sheldon Adelson Told President Trump That China Trade War Could Cost Him Reelection
Las Vegas Sands (NYSE:LVS) chairman and CEO Sheldon Adelson reportedly cautioned President Donald Trump that escalating the trade war with China could be detrimental to the US economy and hinder the president's 2020 reelection bid. Adelson and his wife, Miriam, are GOP...
Encore Boston Harbor Close to Full Headcount Less Than Three Months After Opening, Over 60 Positions to be Filled
Encore Boston Harbor, Wynn Resorts' first US casino located outside of Las Vegas, opened on June 23 and is already close to being fully staffed. Prior to the opening of the $2.6 billion integrated resort, it was expected the venue would create...
Mohegan Sun Connecticut Lands First Spot on Top 10 Casino Ranking, Venetian, Wynn Among Las Vegas Venues on List
Mohegan Sun, the tribal gaming property in Uncasville, Conn., took the top spot in USA Today's survey of the 10 best US casinos. That venue is one of three tribal casinos on the list, each of which resides in the top three....
California Regulators Seek More Details About Kingston Family, Polygamous Group With Ties To Lake Elsinore Casino
The California Gambling Control Commission (CGCC) is pushing for more financial details about Ted and Joseph Kingston, the owners of a cardroom in that state and members of the allegedly polygamous Utah family by the same surname. The Lake Elsinore Casino in...
