4985 stories by Todd Shriber
MGM Resorts Looks Undervalued, Analyst Sees Japan, Sports Betting Powering Stock Higher
MGM Resorts International (NYSE:MGM) stock entered Monday with a year-to-date gain of 19.83%, slightly trailing the S&P 500. In a research note out today, Macquarie analyst Chad Beynon said there are catalysts on the horizon that could boost shares of the Mirage...
Hard Rock International, Mohegan Gaming Emerge as Greece Airport Casino Leading Contenders
Hard Rock International and Mohegan Gaming and Entertainment are the two remaining competitors in the effort to bring a casino to the former Hellenikon International Airport site near the Greek capital of Athens. Mohegan Gaming, the casino arm of Connecticut's Mohegan Tribe,...
NASCAR Puts Live Betting in Gear For Playoffs Starting With South Point 400 in Las Vegas
NASCAR's 10-race playoff kicks off today, and in what may be a coincidence, the top motorsports league in the US is rolling out live betting options for a race in Las Vegas, the American gambling mecca. Today's South Point 400, the second...
Gaming REITs MGM Growth, Vici Properties Raise Dividends, Both Yield More Than Double 10 Year Treasuries
MGM Growth Properties (NYSE:MGP) and Vici Properties (NYSE:VICI), two of the three domestic gaming real estate investment trusts (REITs), announced dividend increases this week. MGP's dividend increase was modest, with the company boosting the quarterly payout to 47 cents a share from...
Sands China COO Wong Sees Vibrant Casino Mass Market Softening Sluggish VIP Blow
Las Vegas Sands (LVS), like many of its rivals, has recently been crimped by lethargy in Macau, as the US/China trade spat and the geopolitical upheaval in Hong Kong have pinched revenue in the world's richest gaming center. As some competitors struggle...
New Jersey August Gaming Revenue Jumps 16 Percent, Boosted by Sports Betting, Borgata, Hard Rock Among Atlantic City Leaders
Casino win at the nine Atlantic City, N.J. casinos rose in August, while revenue from internet gaming and sports betting surged, helping total gaming revenue in the Garden State swell to $352.8 million last month from $303.9 million in the year earlier...
Japanese Survey Aims to Unearth Best Destinations For Casinos
Japan's Ministry of Land, Infrastructure, Transport and Tourism (MLIT) is planning to query prefecture and city governments across the country in an effort to discover which areas are the most credible players in the quest to land an integrated resort. A similar...
Harrah’s Philadelphia Will Roll Out Caesars Mobile Betting App in Pennsylvania This Month
Harrah's Philadelphia is eyeing a Pennsylvania launch later this month of the well-known Caesars mobile betting application, which includes a digital sportsbook. The move would bring the number of online sports offerings in the Keystone State to six. Caesars Entertainment, the operator...
Massachusetts Casinos Are Keeping Some Gaming Dollars in Bay State, Away From New England Rivals
A study by the Massachusetts Gaming Commission (MGC) and the University of Massachusetts at Amherst shows that, since opening, the Bay State's casinos have been effective at keeping some gamblers (and their money) from fleeing to other states in the region, namely...
Wynn Resorts Summer EBITDA, Revenue Expected to be Lower on Macau VIP Weakness, Major Corporate Restructuring Unveiled
Wynn Resorts, Ltd. (NASDAQ:WYNN) could experience big declines in third-quarter revenue and earnings before interest, taxes, depreciation and amortization (EBITDA), due in part to weakness in Macau and a lower-than-expected table games win percentage in Las Vegas. The company operates two casinos...
