4850 stories by Todd Shriber
Analysts Implore Wynn CEO Maddox to Hold Onto Boston Property at All Costs
Just days before Wynn Resorts. Ltd. (NASDAQ: WYNN) is slated to open the Encore Boston Harbor, a trio of Bernstein analysts want to remind CEO Matt Maddox of the strategic importance of Beantown, beseeching him to not again consider selling the highly...
For Las Vegas Sands in Japan, All Attention Turns to Osaka License
With Tokyo readying for the 2020 Summer Olympics and Yokohama uninterested in being Japan's casino gaming hub, a high-ranking Las Vegas Sands Corp. (NYSE: LVS) executive said his company will hone in on Osaka as it pursues plans to build an integrated...
Rhode Island-Based Twin River Worldwide Holdings Commits $250 Million to Buybacks, Dividends
Executives at newly public Twin River Worldwide Holdings, Inc. (NYSE: TRWH) -- the owner of two Rhode Island casinos -- say they will spend up to $250 million repurchasing the company's own stock and paying out dividends. The Rhode Island-based company is...
Google Plans to Expand Gambling Apps Beyond Britain and France, Letting Developers Stay ‘Non-Native’
Although Google only has online gaming apps in the UK and EU these days, that could soon change. And when it does, the mobile giant will not make developers create unique 'native-only' apps specifically for the Google platform the way its primary...
Analyst Sees ‘Interesting Story’ With Red Rock, Likes Boyd’s Cash Flow
Red Rock Resorts Inc. (NASDAQ: RRR), the operator of 20 casinos, could be a compelling bet for investors in the future. But at least one analyst sees some difficulties in estimating the impact of the company's efforts to ramp up the Palms...
Marina Bay Sands Asking Lenders for Almost $6 Billion in Singapore, May Have Its Work Cut Out to Reach Goal
Marina Bay Sands -- the Singapore casino operator that is a unit of Las Vegas Sands Corp. (NYSE: LVS) -- is looking for up to $5.86 billion in financing, its first visit to the loan market since 2012, and one that's expected...
US Sports Betting Market Will Be 90 Percent Online and Mobile Within a Decade, Industry Experts Assert
Mobile devices and the internet will be the dominant avenues for bettors looking to access the growing US sports wagering market. According to an Associated Press (AP) report that came out of the East Coast Gaming Congress in Atlantic City this week,...
Hedge Funds Losing Love for Las Vegas Sands, Casino Operator’s Stocks Falling from Favor
Las Vegas Sands Corp. (NYSE: LVS) is the largest US casino operator by market value, but the stock's popularity is declining in the hedge fund community. Hedging Their Bets At the end of the first quarter, 37 hedge funds held shares of...
Politics Meets Sports Betting as Washington, DC Lawmakers Push $215M Deal Forward
Washington, DC Mayor Muriel Bowser and the city council are moving forward with a $215 million deal to get sports gambling up and running in the nation's capital -- and no surprise, the pact is expected to benefit some folks with important...
MGM Resorts Sees Director’s Hedge Fund Corvex Management Bump Up Shares
MGM Resorts International Director Keith Meister’s Corvex Management recently added to its stake in the gaming operator that owns the Bellagio and 13 other Las Vegas Strip casinos and hotels. Corvex Management, a New York-based activist hedge fund, paid $75.2 million to...
