5138 stories by Todd Shriber
MGM Springfield Ex-Slots Worker Facing Charges For Allegedly Stealing $22,000 From Employer, Forging Supervisor’s Signature
A man previously employed by the MGM Springfield was indicted by the Massachusetts attorney general for allegedly pilfering $22,000 from the casino and forging his boss's signature on company documents. Salvador Montalvo Jr., 54, was formerly a slot machine technician at the...
SEC Hits Bettor Investments, Casino Dealer Proprietor With Securities Fraud Charges
Bettor Investments, LLC, a now defunct Nevada company, and its only employee, founder Matthew Stuart, are facing fraud charges from the Securities and Exchange Commission (SEC). In the SEC's complaint, filed in federal district court in Las Vegas, the commission claims that...
Las Vegas Sands Shares Stand to Benefit From Leading Asia Positions, Including Macau and Singapore
Last week, Las Vegas Sands Corp. (NYSE:LVS) posted second-quarter results that trailed Wall Street estimates and the stock has tumbled 5.50 percent over the past five trading days, but some analysts believe the company's long-term growth trajectory remains compelling. Asia, a region...
Penn National Gaming Lures Bullish Bets, Earnings Report Looming
Ahead of Penn National Gaming, Inc.'s (NASDAQ:PENN) second-quarter earnings report due out Thursday before the US markets open, options traders piled into the name Monday, making decidedly upside wagers on the regional gaming company. Entering Monday, Penn National was one of the...
Harrah’s Set to Join Pennsylvania Rivals with Online Sports Betting, Ready for NFL Action
Harrah's Philadelphia Casino and Racetrack expects to have its online sports wagering platform ready in August in advance of the start of football season. In May, the first online sports bet was booked in the Keystone State through a platform offered by...
Under US Scrutiny, Intralot Sheds Greek Lottery Stake to Shore up Flimsy Finances
Intralot, the Greek gaming company at the center of controversy in Montana and the District of Columbia, recently announced the sale of its 16.5 percent stake in Hellenic Lotteries for $22.2 million, a move aimed at shoring up a balance sheet that...
Ready For Some Football? Iowa Could Open Sportsbooks Before College, NFL Seasons Kick Off
In May, Iowa Gov. Kim Reynolds signed a law making the state the 11th to legalize sports betting, and it looks like the Hawkeye State could have sports betting operations up and running prior to the start of the college football and...
MGM Didn’t Consider Buying Caesars Properties Before or After Eldorado Deal, Won’t Do So Going Forward
MGM Resorts International (NYSE: MGM) didn't consider buying properties from rival Caesars Entertainment Corp. (NASDAQ: CZR) before or after Eldorado Resorts, Inc. (NASDAQ: ERI) announced a $17.3 billion takeover offer for the Las Vegas-based company. On MGM's second-quarter earnings conference call Thursday,...
Wynn, Encore Las Vegas Are Top Two US Casinos, Per TripAdvisor Users, But Las Vegas Overall Ranks Low
After parsing data from nearly 361,000 reviews, online travel company TripAdvisor ranked the top 50 US casinos and the news is good for Wynn Resorts. The Wynn Las Vegas and the neighboring Encore took the top two spots, according to TripAdvisor. The...
MGM Shares Surge on Second-Quarter Revenue Surprise Led by Macau, Regional Properties
Shares of MGM Resorts International (NYSE:MGM) surged more than 6 percent during Thursday's after-market trading after the largest operator on the Las Vegas Strip reported second-quarter revenue that topped expectations. For the quarter ending June 30, MGM posted revenue of $3.22 billion,...
