5083 stories by Todd Shriber
MGM Wins in Sales of Bellagio, Grand, But MGP Could be Pinched, Says Analyst
News broke Monday that MGM Resorts International (NYSE:MGM) is reportedly in talks with private equity firm Blackstone Group (NYSE:BX) about selling the Bellagio and MGM Grand, two of the most prized assets on the Las Vegas Strip, and then leasing back those...
Morongo Casino Unveils California Expansion Plans, Adding 800 Slots, 30,000 Square Feet of Gaming Space
The Morongo Casino Resort & Spa, one of the largest tribal gaming venues in Southern California, is planning to get even bigger. The Morongo Band of Mission Indians, the operator of the casino in Cabazon, Calif. near Palm Springs, is planning a...
Illinois Gaming Board Pushes Lawmakers to Change Chicago Casino Tax Scheme
The Illinois Gaming Board (IGB) is urging politicians in the Prairie State to reconsider parts of the gaming expansion bill passed there earlier this year so that a Chicago casino can become a reality. On June 28, Gov. J.B. Pritzker (D-Ill) signed...
MGM Reportedly Talking to Blackstone About Bellagio, MGM Grand Sale, Leaseback Deals
MGM Resorts International (NYSE:MGM) is rumored to be in discussions with private equity behemoth Blackstone Group (NYSE:BX) regarding the sale of the Bellagio and the MGM Grand on the Las Vegas Strip. As Casino.org reported two months ago, MGM, the largest operator...
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...
