4982 stories by Todd Shriber
Eldorado Resorts Stock in Unusual Spot, History Says That Could Be a Good Thing
Eldorado Resorts, Inc. (NASDAQ:ERI), the regional gaming company that said last month it will acquire Caesars Entertainment Corp. (NASDAQ:CZR) for $17.3 billion, finds its stock in an unusual spot and if history repeats, the shares could be poised to rally. Over the...
MGM Mulling Real Estate Sale of High-End Las Vegas Strip Properties, Including Bellagio, MGM Grand
MGM Resorts International (NYSE:MGM) is reportedly in discussions to sell but retain operating rights to some of its glitzier Las Vegas Strip properties, including the Bellagio. If commenced, the transactions would be in the form of a sale-leaseback, meaning MGM would sell...
MGM Resorts Stock Dinged by Morgan Stanley Downgrade, Price Target Cut Ahead of Second-Quarter Earnings Report
Shares of MGM Resorts International (NYSE:MGM) were slightly lower in midday trading Thursday after Morgan Stanley downgraded the stock and lowered its price target on the casino operator. In a note out earlier today, Morgan Stanley gaming and leisure analyst Thomas Allen...
Bally’s Atlantic City May Survive, in Some Form, As Eldorado Resorts Acquires Caesars Entertainment
Bally’s in Atlantic City, New Jersey, once the jewel of Boardwalk, may survive after all as Eldorado Resorts moves forward with its $17.3 billion acquisition of Caesars Entertainment, Bally's owner. Just days after news of that deal broke last month, it was...
Rhode Island Gov. Raimondo Balks at Twin River Offer to Take Lottery Contract From IGT
Gov. Gina Raimondo (D-RI) doesn't want Twin River Worldwide Holdings, Inc. (NYSE:TRWH), Rhode Island's lone casino operator, usurping International Game Technology Plc (NYSE:IGT) as the state's lottery manager. Recently, Twin River offered Rhode Island $125 million in cash upfront to takeover the...
June Gloom For MGM Springfield as Gaming Revenue Slumps 10.5 Percent From May, Second-Worst Month Since Opening
MGM Springfield struggled to jumpstart gross gaming revenue (GGR) in June, notching its second-worst month by that metric since opening in August 2018. The casino, which has been struggling to meet revenue targets since inception, posted June GGR of $19.95 million, down...
Wynn Resorts Analyst Finds Stock Interesting, Encouraged by Capital Allocation Plans
J.P. Morgan gaming and leisure analyst Joseph Greff finds shares of Wynn Resorts, Ltd. (NASDAQ:WYNN) interesting and is enthusiastic about the comments the company made regarding its capital spending plans at its recent analyst and investor day. In a new research note,...
Disgruntled Gambler Claims Encore Boston Harbor Gives New Meaning to ‘The House Always Wins’
A New York man is suing Wynn Resorts' recently opened Encore Boston Harbor, claiming the Everett, Mass. casino did not pay him properly at the blackjack table and that the operator withheld some of his slot machine winnings without consent. In a...
Luck Wasn’t a Lady For Monday Patrons at Larry Flynt Los Angeles Casino
Eleven patrons were injured Monday when part of the roof at Larry Flynt's Lucky Lady Casino in Gardena, Calif. collapsed. A 25-foot by 15-foot portion of the roof over the Lucky Lady's lobby fell to the ground Monday morning, according to the...
Epoch Investment Partners CEO Priest Bullish on MGM Resorts, Sees Ongoing US, China Growth
William Priest, CEO and chief investment officer (CIO) of Epoch Investment Partners, is bullish on shares of MGM Resorts International (NYSE:MGM), citing a variety of factors, including continued revenue growth in the US and China, the casino operator's most important markets. MGM,...
