5083 stories by Todd Shriber
Eldorado Resorts A ‘Must-Own’ Heading Into 2020, Caesars Deal Cost Savings Could Top Estimates, Says Analyst
Eldorado Resorts, Inc. (NASDAQ:ERI) is a “must-own name” heading into next year, and the company's goal of trimming at least $500 million in costs via its $17.3 billion takeover of Caesars Entertainment Corp. (NASDAQ:CZR) can be met and probably topped, according to...
Encore Boston Harbor Gaming Revenue Dips in September, MGM Springfield Posts Second-Worst Month of 2019
Encore Boston Harbor extended its dominance of the Massachusetts casino landscape in September, posting gross gaming revenue of $48.95 million, though that was below the August tally of $52.48 million, according to new data from the Massachusetts Gaming Commission (MGC). The Wynn...
Blackstone Banks on Bellagio in $4.25 Billion Deal With MGM Resorts International, Ruffin Gets Circus Circus For $825 Million
In a widely anticipated move, MGM Resorts International (NYSE:MGM) formally announced today it is selling the Bellagio on the Las Vegas Strip to a real estate investment trust (REIT) controlled by private equity firm Blackstone Group Inc. (NYSE:BX) for $4.25 billion. As...
Eldorado, Caesars ‘Marriage License’ Could be Considered by New Jersey Regulators in January 2020
Eldorado Resorts, Inc. (NASDAQ:ERI) filed a petition last month with New Jersey regulators pertaining to the company's $17.3 billion takeover offer for Caesars Entertainment Corp. (NASDAQ:CZR), a matter Garden State officials could take up as soon as January. Reno-based Eldorado revealed its...
Rockford, Illinois City Council Signs Off on Hard Rock as Preferred Casino Bidder
Hard Rock International is on course to build a casino in Rockford, Ill. and now awaits approval from state regulators after the city council there recently approved the operator's bid. The company was one of three competing to bring a gaming venue...
MLB Wants Royalties If Washington State Approves Sports Betting
MLB wants its cut of the action if Washington State approves sports betting, asking for a royalty of 0.25 percent, or 25 cents on a $100 bet, for each wager placed on the sport in the Evergreen State. MLB is pitching the...
Taco Bell World Series Stolen Base Promo Returns, MGM Joins Party With Limited Live Money Betting Offering
Taco Bell is bringing back its “Steal a Base, Steal a Taco” promotion for the 2019 World Series, and this year, MGM Resorts International is joining the effort by offering a corresponding, real money wagering program in three states. “Steal a Base,...
Massachusetts Gaming Commission Needs a Renewal Process For Penn National Plainridge Park Casino
Fresh off the debut of Encore Boston Harbor, the state's third casino, the Massachusetts Gaming Commission (MGC) has another task at hand: formulating a renewal process for the Plainridge Park Casino (PPC), the state's first gaming property. The 2011 law that approved...
Wynn Resorts Will Pass on Osaka, Focus on Tokyo Area in Japan Integrated Resort Quest
Wynn Resorts is the latest gaming company to abandon a plan to bring an integrated resort to Osaka, Japan's third-largest city, opting to focus its efforts in that country on the Kanto region, which includes the capital of Tokyo. Earlier this year,...
Las Vegas Sands Debt Affirmed BBB- by Fitch, Ratings Agency Sees Macau Extension Risk as Remote
Las Vegas Sands Corp. (NYSE:LVS) had its corporate credit rating affirmed at BBB- by Fitch Ratings, with the research firm saying there's a “remote” chance the gaming company's Macau licenses will not be extended in 2022. Sands, which operates five integrated resorts...
