4907 stories by Todd Shriber
Feds Allege Dennis Bleiden, Hollywood Finance Executive Turned Poker Champ, Stole $22 Million From Ex-Employer
Dennis Blieden, formerly an executive at a Hollywood marketing agency, allegedly stole $22 million from that employer to play in professional poker tournaments, feed his online poker and cryptocurrency buying habits, and pay off credit card bills, according to the US Department...
Miriam Adelson’s Affinity For President Trump Literally Reaches Biblical Proportions
Miriam Adelson, the wife of Las Vegas Sands Chairman and CEO Sheldon Adelson, has long been a fan of President Trump. That affection appears to be reaching biblical proportions. In a recent column in the Las Vegas Review-Journal, the paper she and...
Wynn Resorts $2 Billion Crystal Pavilion Macau Expansion Will Include High-End Museum, Theater
Wynn Resorts, Ltd. (NASDAQ: WYNN) will expand in Macau, the market that accounts for the bulk of the company's revenue, with eyes on adding the planned $2 billion Crystal Pavilion near the famed Wynn Palace there. In a presentation to analysts and...
Colorado Could Hydrate Water Budget With Sports Gambling Revenue
Colorado voters will decide on a ballot initiative this fall that could bring legal sports wagering to the state and although that revenue has not started rolling in, politicians have already identified a use for it. The state's legislature, which is majority...
Casino-Rich Nevada Has Strong Economy, But It’s Not an Easy Place For Business
Nevada is the casino gaming hub of the US, has a low unemployment rate, and does not levy personal income taxes. However, those traits don't mean the Silver State is an easy place to do business. In its annual survey of the...
Wynn Resorts Forecasts 22% Revenue Increase by 2021, Outlines ‘Selective’ Approach to Acquisitions at Investor Day
Wynn Resorts, Ltd. (NASDAQ: WYNN) said it expects revenue will surge 22 percent by 2021 while forecasting a 28 percent increase in earnings before interest, taxes, depreciation, and amortization (EBITDA) over the same period. The company made the comments at its annual...
Boyd Gaming, Monarch Casino, Penn National Could be Among Bidders if Eldorado Jettisons Caesars Strip Properties
As part of its $17.3 billion takeover offer, revealed last month, for Caesars Entertainment Corp.(NASDAQ:CZR), Eldorado Resorts, Inc. (NASDAQ:ERI) is expected to mull asset sales and that could include some of Las Vegas Strip properties operated by Caesars. There are likely to...
Democratic Presidential Hopeful Castro Urges Station Casinos to Recognize Culinary Workers Right to Unionize
Democratic presidential contender Julian Castro is stepping into the long-running battle between Red Rock Resorts Inc. and the Culinary Workers Union (CWU), urging the gaming company to support workers' rights to unionize. Earlier this year, the National Labor Relations Board (NLRB) said...
Maryland Gross Gaming Revenue Dips 4 Percent in June; Big Monthly Decline For Horseshoe Baltimore
Gross gaming revenue (GGR) in Maryland fell four percent in June to $142.89 million from $148.90 million in June 2018, according to a report released by Maryland Lottery and Gaming on Monday. Maryland Lottery and Gaming is the regulatory body overseeing casino...
Twin River Believes Raimondo’s Backing IGT is Anti-Competitive, Could Cost Rhode Island Taxpayers Hundreds of Millions of Dollars
Twin River Worldwide Holdings, Inc. (NYSE: TRWH), the owner of two casinos in Rhode Island, is launching a public relations offensive to persuade politicians there that Gov. Gina Raimondo's effort to award a $1 billion gaming machine contract to International Game Technology...
