5083 stories by Todd Shriber
Eldorado Resorts CEO Reeg, Other Insiders Under SEC Investigation Regarding Trades in IRadimed
Eldorado Resorts CEO Tom Reeg, another high-ranking executive at the regional gaming company, and two of its board members are being investigated by the Securities and Exchange Commission (SEC) for trades in the tiny medical device manufacturer IRadimed Corp. (NASDAQ:IRMD). Eldorado is...
Monarch Shares Dethroned After Colorado Casino Contractor Files Suit
Monarch Casino & Resort (NASDAQ:MCRI) tumbled almost five percent Tuesday on above-average volume after PCL Construction Services, Inc., the contractor working on the Black Hawk casino renovation in Colorado, filed a lawsuit against the regional gaming operator. Reno-based Monarch is in the...
Las Vegas Sands Still Liked by Stifel Amid Macau Hurdles, Analyst Sees Nothing ‘Tempering Long-Term Enthusiasm’
Shares of Las Vegas Sands (NYSE:LVS) are lower by 2.23 percent on midday trading Tuesday, extending a dismal run that saw the stock shed about six percent of its value in August amid concerns of a revenue slump in Macau. Those concerns...
Vietnam Mulls Loosening Casino Capital Requirements in Special Economic Zones in Bid For More Foreign Investment
Vietnam's Ministry of Finance (MoF) is looking to liberalize the currently stringent requirements for companies considering integrated resort projects in the country's special administrative economic zones (SAEZs), the latest effort by the Southeast Asian nation to boost foreign direct investment. The country...
Macau Posts Third-Worst Month of 2019 as August GGR Slumps 8.6 Percent, More Than Double Estimated Decline
Gross gaming revenue on Macau, the only Chinese territory where gambling is permitted, slumped 8.6 percent in August. That's more than double the four percent decline analysts were expecting, as factors such as bad weather and a slowing Chinese economy weighed on...
Hard Rock International Wants to Roll in Rockford, Among Three Bidders For Casino Project in Illinois Town
Hard Rock International is among three bidders looking to bring a casino to the Northern Illinois town of Rockford. The municipality set a deadline of 2 p.m. local time Friday for interested parties to submit proposals. The local government has set up...
Cosmopolitan Bettor Hits Grand Slam, Nails Eight-Team Baseball Parlay, Turning $250 Into More Than $38,000
In baseball, a grand slam accounts for four runs. Using that metaphor, a recent visitor to the Cosmopolitan Las Vegas drove in eight runs by getting each pick correct in an eight-team parlay on Major League Baseball (MLB) games. The better laid...
Wynn 2019 EBITDA Estimates Trimmed, Analyst Doesn’t See Macau Dice Bouncing Favorably For Shares
Wynn Resorts, Ltd. (NASDAQ:WYNN) relies on Macau for a massive percentage of its revenue, and that dependence can be problematic for the stock when gaming activity in the Chinese territory slows. August gross gaming revenue (GGR) figures for the Special Administrative Region...
Prop DD, Colorado Sports Betting Initiative, Garners Big Support From Thirsty Agriculture Community
Proposition DD, Colorado's effort to permit sports betting, will appear on ballots there this November, and the plan is already commanding support from the state's farmers and ranchers. However, proponents of sports wagering may not want to view Colorado's agriculture community throwing...
Greece Casino Effort Moves Forward After Government Inks Two Pivotal Approvals
The previously slow-moving effort to turn part of the abandoned Hellenikon International Airport near Athens into a casino is gaining momentum. The Greek government recently signed off on two approvals seen as pivotal to moving the nearly $9 billion project forward. Earlier...
