5254 stories by Todd Shriber
Gaming REITs MGM Growth, Vici Properties Raise Dividends, Both Yield More Than Double 10 Year Treasuries
MGM Growth Properties (NYSE:MGP) and Vici Properties (NYSE:VICI), two of the three domestic gaming real estate investment trusts (REITs), announced dividend increases this week. MGP's dividend increase was modest, with the company boosting the quarterly payout to 47 cents a share from...
Sands China COO Wong Sees Vibrant Casino Mass Market Softening Sluggish VIP Blow
Las Vegas Sands (LVS), like many of its rivals, has recently been crimped by lethargy in Macau, as the US/China trade spat and the geopolitical upheaval in Hong Kong have pinched revenue in the world's richest gaming center. As some competitors struggle...
New Jersey August Gaming Revenue Jumps 16 Percent, Boosted by Sports Betting, Borgata, Hard Rock Among Atlantic City Leaders
Casino win at the nine Atlantic City, N.J. casinos rose in August, while revenue from internet gaming and sports betting surged, helping total gaming revenue in the Garden State swell to $352.8 million last month from $303.9 million in the year earlier...
Japanese Survey Aims to Unearth Best Destinations For Casinos
Japan's Ministry of Land, Infrastructure, Transport and Tourism (MLIT) is planning to query prefecture and city governments across the country in an effort to discover which areas are the most credible players in the quest to land an integrated resort. A similar...
Harrah’s Philadelphia Will Roll Out Caesars Mobile Betting App in Pennsylvania This Month
Harrah's Philadelphia is eyeing a Pennsylvania launch later this month of the well-known Caesars mobile betting application, which includes a digital sportsbook. The move would bring the number of online sports offerings in the Keystone State to six. Caesars Entertainment, the operator...
Massachusetts Casinos Are Keeping Some Gaming Dollars in Bay State, Away From New England Rivals
A study by the Massachusetts Gaming Commission (MGC) and the University of Massachusetts at Amherst shows that, since opening, the Bay State's casinos have been effective at keeping some gamblers (and their money) from fleeing to other states in the region, namely...
Wynn Resorts Summer EBITDA, Revenue Expected to be Lower on Macau VIP Weakness, Major Corporate Restructuring Unveiled
Wynn Resorts, Ltd. (NASDAQ:WYNN) could experience big declines in third-quarter revenue and earnings before interest, taxes, depreciation and amortization (EBITDA), due in part to weakness in Macau and a lower-than-expected table games win percentage in Las Vegas. The company operates two casinos...
Pamunkey Indian Tribe Paves Way For Norfolk Casino Approval With $10 Million Property Purchase Agreement
The Pamunkey Indian Tribe agreed to pay nearly $10 million for waterfront property in Norfolk, Va. if the city signs off on plans to permit the tribe to develop a site along the Elizabeth River into a hotel and casino. Pamunkey is...
Auburn Backer Misses Risk/Reward Memo, Lays $1,000 at Caesars to Win $5
The Auburn Tigers of the vaunted Southeastern Conference (SEC), the eighth-ranked team in the country, take on the Kent State Golden Flashes from the Mid-American Conference (MAC) at Jordan-Hare Stadium in Alabama on Saturday. As one might expect, the Tigers are heavy...
Leeds Midfielder Jordan Stevens Slapped With Six-Week Ban by FA For Violating Betting Protocols
Leeds United midfielder Jordan Stevens was hit with a six-week suspension by the Football Association (FA) for violating the league's betting regulations. The 19-year-old, who joined Leeds from Forest Glenn in February 2018, faced damning allegations by the FA, including that he...
