5037 stories by Todd Shriber
Steve Wynn’s Latest Gamble: $43 Million Palm Beach Mansion
Steve Wynn no longer has direct ties to the gaming company bearing his surname. But that isn't stopping the controversial former casino executive from taking other gambles, including high-end Florida real estate. The former CEO of Wynn Resorts recently scooped up a...
Las Vegas Sands CEO Sheldon Adelson, Wife Miriam Donate $213,000 to Republican Senate Election Committee in July
Las Vegas Sands chairman and CEO Sheldon Adelson and his wife, Miriam, continued their support of the GOP last month, donating a combined $213,000 to the National Republican Senate Committee (NRSC), the fundraising arm for Senate Republicans. The Adelsons each donated $106,500...
Apple Applies Hollywood-esque NC-17 Rating to Gambling Apps, Even Ones Where Real Money Isn’t at Stake
Apple is mandating that developers of mobile applications downloaded via the company's App Store rate even simulated gambling apps as appropriate only for users 17-years-old and up. In an email to app developers on Tuesday, Apple said games deemed “frequent” or “intense...
Casino Industry Consolidation Likely Spurs More Sale-Leaseback Deals, Say Real Estate Experts
As consolidation picks up in the casino gaming industry, commercial real estate analysts believe so will the level of sale-leaseback transactions. Sale-leaseback deals, or SLBs, are commonplace in the industry and often viewed as win-wins for casino operators and real estate companies....
Las Vegas Sands Stock Hit With Downgrade, Analyst Trims Earnings Estimates, Citing Macau Slump
Las Vegas Sands Corp. (NYSE:LVS) stock is lower by more than 14 percent just this month amid concerns business is slowing in Macau, and one analyst is growing leery of the near-term outlook for the casino operator. In a note out Tuesday,...
Tacko Fall, NBA Summer League Cult Hero, Gets More Tickets, Money For Rookie of the Year at SuperBook Than Zion Williamson
Tacko Fall, the 7-foot-6 University of Central Florida (UCF) product turned Boston Celtics project, is garnering attention from bettors as a Rookie of the Year candidate, even if he's not a lock to be on the Celtics' opening night roster. Fall, who...
MGM Springfield Didn’t Anticipate Customer Loyalty to Connecticut Tribal Casinos
Among other first-year snafus, officials at MGM Springfield didn't expect Connecticut gamblers to remain so loyal to the two casinos in their home state – Foxwoods Resort Casino and Mohegan Sun – a factor executives believe weighed on gross gaming revenue (GGR)...
Penn National Shares Surge, Company Reveals Plans For Indiana Sportsbook Just 23 Miles From Chicago
Shares of Penn National Gaming, Inc. (NASDAQ:PENN) are up nearly five percent in late trading Monday after the company said that its Ameristar Casino East Chicago property in Indiana will begin taking sports bets on Sept. 1. Investors' enthusiasm for Penn National...
Pennsylvania Sports Handle Expected to Get Big Seasonal Boost as Football Season Kicks Off
Pennsylvania's already growing sports betting handle should get a significant jolt when the calendar turns to September, potentially soaring to $125 million as the NFL season gets going. The Keystone State's handle, the total amount wagered on sports, jumped to $59.3 million...
JPMorgan Sees Muted Macau Impact From Hong Kong Protests, Markets Say Otherwise
Intensifying protests in Hong Kong that now span multiple months and last week forced the closure of the international airport are one reason shares of gaming companies with Macau exposure recently tumbled. But JPMorgan forecasts only a modest impact on gross gaming...
