5039 stories by Todd Shriber
MGM Growth Properties Will Look at ‘Each And Every Asset on the Strip’ That Comes up for Sale
MGM Growth Properties LLC (NYSE:MGP) already owns integrated resorts on the Las Vegas Strip. But the company isn't being shy about its intent to potentially add to its Sin City portfolio. MGP, which was spun-off from MGM Resorts International in April 2016,...
Gaming And Leisure Properties ‘Following The Bread Truck,’ Could Buy Eldorado, Caesars Casinos
Gaming and Leisure Properties, Inc. (NASDAQ:GLPI), the owner of casinos in 17 states, could be a buyer of additional venues if such assets come up for sale amid consolidation in the gaming industry. As part of its $17.3 billion takeover of Caesars...
Ohio Casinos Pass $160 Million in July Revenue, But MGM Northfield Park Struggles
Casinos and racinos in Ohio combined for $162.2 million in gross gaming revenue (GGR) last month, a 2.3 percent year-over-year increase even as MGM Northfield Park posted another monthly decline. JACK Entertainment's JACK Thistledown Racino in Randall and the JACK Casino in...
Eldorado, Caesars Marriage Makes Atlantic City an Epicenter for Potential Asset Sales
When Eldorado Resorts, Inc. (NASDAQ:ERI) announced its $17.3 billion takeover offer for Caesars Entertainment Corp. (NASDAQ:CZR) in June, asset sales aimed at raising cash and the reducing the companies' sprawling portfolios were expected. Reno-based Eldorado has already announced the sale of eight...
Scientific Games Enters Rhode Island Fracas Between IGT, Twin River
The ongoing spat between Twin River Worldwide Holdings, Inc. (NYSE:TRWH) and International Game Technology Plc (NYSE:IGT) regarding the latter's dominance in Rhode Island's gaming machine market has a new participant: Scientific Games Corp. (NASDAQ: SGMS). Scientific Games, one of IGT's primary rivals,...
Wynn Resorts Has Plans For 11 Acres Around Encore Boston Harbor, But Effort Could Take Awhile
Wynn Resorts owns 11 acres of prime real estate around the recently opened Encore Boston Harbor. While the company has plans for that land, it could take some time for that vision to be realized. Encore Boston Harbor, the company's first US...
Eldorado CEO Reeg Looking to Unlock Value in Caesars Online, Sports Betting, Could Lead to Asset Sale
Eldorado Resorts, Inc. (NASDAQ:ERI) CEO Tom Reeg is looking for ways to maximize value in his company's $17.3 billion takeover of Caesars Entertainment Corp. (NASDAQ:CEC), and that could eventually include parting ways with the mobile and online sports betting business. As the...
Wynn Resorts Q2 Revenue Beats Wall Street Forecasts, Macau Sales Nudge Higher
Wynn Resorts Ltd. (NASDAQ:WYNN) said its second-quarter earnings based on generally accepted accounting principles (GAAP) checked in at 88 cents a share, badly missing analysts' estimate of $1.26. But turnover at the company's Macau properties inched higher. On a non-GAAP basis, the...
Washington Redskins First NFL Team to Offer Live Predictive Gaming During Telecasts
The Washington Redskins will offer in-game predictive gaming during television broadcasts of the team's four preseason contests, becoming the first NFL franchise to do so. Dubbed “Predict The Game,” the offering will be free to play for viewers and participants can win...
Caesars, Genting Losing Interest in Greece Casino with Hard Rock, Mohegan Gaming in the Drivers Seat
Caesars Entertainment Corp. and Genting Malaysia are losing interest in a casino project at the Hellinikon International Airport in Athens as bureaucratic postponements continue delaying the effort to bring a gaming property to the site of the airport that closed in 2001....
