5034 stories by Todd Shriber
MGM Resorts Sees Director’s Hedge Fund Corvex Management Bump Up Shares
MGM Resorts International Director Keith Meister’s Corvex Management recently added to its stake in the gaming operator that owns the Bellagio and 13 other Las Vegas Strip casinos and hotels. Corvex Management, a New York-based activist hedge fund, paid $75.2 million to...
Pennsylvania Could Approve Penn National Morgantown Mini-Casino This Week
Pennsylvania regulators could approve Penn National Gaming Inc.'s plans for a mini-casino in Morgantown as soon as this week. The Pennsylvania Gaming Control Board (PGCB) could give the go ahead for the $111 million project at its Wednesday, June 12 meeting in...
Boyd Gaming Raises Dividend by 16.7 Percent: More Than Double Expected Payout Growth Rate For 2019 S&P 500
Boyd Gaming Corp. (NYSE: BYD), which owns the Gold Coast and the Orleans casinos in Las Vegas, is rewarding long-term investors by boosting its quarterly dividend to seven cents per share, up from six cents. The new dividend will be payable on...
Vietnam Deports 35 Chinese Nationals For Running Online Gambling Ring
Police in Vietnam's third-largest city of Da Nang broke up an illegal online gambling ring late last week, resulting in the deportation of 35 Chinese nationals. Among the deportees were four women. Last Thursday, authorities in Da Nang raided six properties after...
Swiss Officials Approve Online Gaming License for Grand Casino Luzern
Grand Casino Luzern won permission from the Swiss Federal Council to open an online casino later this summer. An effort to legalize online gaming in Switzerland started nearly four years ago, but regulations governing Internet-based wagering there did not go into effect...
Cannabis ETF Meets UFC Star Alexey Oleynik in This Unusual Sponsorship Arrangement
ETF Managers Group (ETFMG), the fund issuer behind the world's largest exchange-traded fund (ETF) dedicated to marijuana equities, is looking to drum up more notoriety by sponsoring an Ultimate Fighting Championship heavyweight star. New Jersey-based ETFMG is the firm behind the ETFMG...
Genting Singapore’s Strong Finances Could Be Advantageous in Japan
Genting Singapore Ltd. is one of seven major casino operators vying for one of Japan's coveted gaming licenses. The group's strong balance sheet could be an advantage in that quest. Maybank Kim Eng Holdings Ltd regional gaming analyst Samuel Yin Shao Yang...
Churchill Downs Stock Upgraded as Analyst Sees Benefits from Illinois Gaming Bill
Shares of Churchill Downs Inc. (NASDAQ: CHDN) surged 6.1 percent Wednesday to close at $109.07 with volume more than double its daily average after Tesley Advisory Group analyst Brian McGill upgraded the stock, noting the company stands to benefit from the recently...
Scientific Games Attracts Attention of Bullish Options Traders
Shares of Scientific Games Corp. (NASDAQ: SGMS) closed slightly higher Tuesday, extending the stock's winning streak to five days and its gain over the past week to nearly 12 percent. The stock's recent run appears to be luring options traders betting on...
Analyst Predicts Substantial Growth for Las Vegas Sands Dividend
When it comes to gambling, it is said the “house always wins,” but investors in select casino stocks can get the house to pay them via dividends. At least one analyst views Las Vegas Sands (NYSE: LVS), the largest US casino operator...
