4977 stories by Todd Shriber
After Months of Chatter, Eldorado, Caesars Entertainment Expected to Head to Altar in $18 Billion Deal
Following a lengthy courtship and months of speculation, regional gaming company Eldorado Resorts, Inc. (NASDAQ:ERI) and Caesars Entertainment Corp. (NASDAQ:CZR) are expected to announce an $18 billion marriage that will create one of the largest US casino operators. Citing unidentified sources close...
Former MGM Detroit Staffer Sues Casino Operator, Alleging Wrongful Termination, Sexual Discrimination
A former assistant shift manager at the MGM Grand Detroit is suing that property and its parent company, MGM Resorts International, alleging he was wrongfully fired and that he was the victim of sexual discrimination. Paul Ross, 49, of Washentaw County, Michigan,...
Analyst Bullish on ‘Underappreciated’ Twin River, Sees Upside of More Than 25%
Twin River Worldwide Holdings, Inc. (NYSE: TRWH) – a casino operator that has been public for just over two months – is already drawing bullish praise from analysts. In a research note published June 20, Union Gaming analyst John DeCree initiated coverage...
Bad Bounces For Bettor as MGM Airballs Two Sportsbook Checks, Player Fights to Get Less Than $1K to Clear
MGM Resorts International -- the largest casino operator on the Las Vegas Strip -- bounced not one, but two checks to a California man looking to collect winnings on wagers made during the NCAA Tournament. Jose Moreno visited Sin City in March...
MGM Resorts Sues Zurich After Insurance Company Balks at Paying Casino Operator’s Legal Bills
MGM Resorts International is suing Zurich American Insurance Company for breach of contract, claiming the insurance provider is not fulfilling its contractual obligation to cover the casino operator's legal bills stemming from the October 2017 mass shooting at the Mandalay Bay in...
Wynn CEO Matt Maddox Keeps Cards Close to His Vest When it Comes to Japan
While some rivals are overt with their intentions in Japan, Wynn Resorts. Ltd. (NASDAQ: WYNN) CEO Matt Maddox is taking a more a discreet approach to landing one of that country's prized casino gaming licenses. In the quest to open integrated resorts...
Transfer of Las Vegas Sands Shares Lifts Sheldon Adelson’s Wife Miriam to Top Spot Among Israel’s Billionaires
Las Vegas Sands Corp. (NYSE: LVS) founder and CEO Sheldon Adelson last year transferred millions of shares of the casino operator's stock to his wife, Dr. Miriam Adelson, making her Israel's wealthiest person. A new addition to the list of Israel's mega-rich,...
Analysts Implore Wynn CEO Maddox to Hold Onto Boston Property at All Costs
Just days before Wynn Resorts. Ltd. (NASDAQ: WYNN) is slated to open the Encore Boston Harbor, a trio of Bernstein analysts want to remind CEO Matt Maddox of the strategic importance of Beantown, beseeching him to not again consider selling the highly...
For Las Vegas Sands in Japan, All Attention Turns to Osaka License
With Tokyo readying for the 2020 Summer Olympics and Yokohama uninterested in being Japan's casino gaming hub, a high-ranking Las Vegas Sands Corp. (NYSE: LVS) executive said his company will hone in on Osaka as it pursues plans to build an integrated...
Rhode Island-Based Twin River Worldwide Holdings Commits $250 Million to Buybacks, Dividends
Executives at newly public Twin River Worldwide Holdings, Inc. (NYSE: TRWH) -- the owner of two Rhode Island casinos -- say they will spend up to $250 million repurchasing the company's own stock and paying out dividends. The Rhode Island-based company is...
