4859 stories by Todd Shriber
Following Las Vegas Sands Pennsylvania Sale, Expected Windfall Becomes a Trickle For Bethlehem
Bethlehem, Pennsylvania was expecting a windfall of cash when Las Vegas Sands sold its casino there earlier this year to the Poarch Band of Creek Indians. Instead, the town in the eastern part of the state will get a sprinkle, financially speaking....
Analyst Trims Wynn Earnings Estimates, Price Target, But Remains Optimistic
David Katz of Jefferies, one of the most widely followed gaming and leisure analysts on Wall Street, pared earnings estimates and his price target on shares of Wynn Resorts, Ltd. (NASDAQ:WYNN), but remains bullish on the stock. In a recent note provided...
Japan Trade Groups Step up Pressure on Yokohama Mayor as Integrated Resort Opposition Grows
The Yokohama Harbor Transport Association and the Yokohama Harbor Resort Association are intensifying pressure on the city's mayor, Fumiko Hayashi, to oppose an integrated resort in Japan's second-largest city. Ten months ago, Yokohama garnered at least a dozen proposals from casino operators...
Busted Bakersfield Casino Also Had Stolen Firearms, 3,000 Rounds of Ammunition
Sheriffs deputies in Kern County, California raided an unlicensed casino in South Bakersfield Saturday and found much more than just illegal gaming machines. In addition to unearthing an eight-person fish table gaming console and six computer terminals used for unauthorized wagering, police...
US, China Trade Detente Sparks Rally in Shares of Macau Gaming Operators
Buoyed by a strong June gross gaming revenue (GGR) report out of Macau and news that trade tensions between the US and China are thawing, shares of US casino operators with significant China exposure rallied Monday. In midday trading, shares of Las...
Nebraska Petition Could Give Voters Another Shot at Deciding Commercial Gaming Fate
The Winnebago Tribe of Nebraska is behind a petition that, if successful, could give voters there another chance at deciding the fate of casino gaming and that opportunity could arrive on 2020 election year ballots. The tribe, one of two federally recognized...
The Wild West: Wyoming Effort to Form Statewide Gaming Commission Appears Dead
Wyoming lawmakers believe their state has an increasing problem with illegal gaming machines, but efforts to form a regulatory commission to stem the issue before it gets worse are likely to go unaddressed for at least another year. By some estimates, the...
In Effort to Lure High Rollers, MGM Springfield Will Replace Starbucks With VIP Area
As part of its plan to bolster gross gaming revenue (GGR) that is falling short of expectations, MGM Springfield will replace a famous coffeehouse with a dedicated gaming area for high-rollers. Thursday, June 27 was the last day of business for the...
New Jersey Bar Shuttered Following Cockfighting Allegations, Illegal Gambling Conviction For Owner
New Jersey officials are pulling a drinking establishment's liquor license amid allegations the bar's owner ran a cockfighting operation and an illegal gambling ring. The state's Division of Alcoholic Beverage Control will revoke New Ranchi City Bar and Liquors' permit to serve...
Rolling the Dice on MGM Resorts Stock in July: Historically, It’s a Winner
MGM Resorts International (NYSE:MGM) stock surged 12.75 percent in June, beating the S&P 500 by a margin of 2.55-to-1. And if data from years past proves accurate, shares of the Mirage operator could extend their winning ways in July. Over the past...
