5081 stories by Todd Shriber
Google Plans to Expand Gambling Apps Beyond Britain and France, Letting Developers Stay ‘Non-Native’
Although Google only has online gaming apps in the UK and EU these days, that could soon change. And when it does, the mobile giant will not make developers create unique 'native-only' apps specifically for the Google platform the way its primary...
Analyst Sees ‘Interesting Story’ With Red Rock, Likes Boyd’s Cash Flow
Red Rock Resorts Inc. (NASDAQ: RRR), the operator of 20 casinos, could be a compelling bet for investors in the future. But at least one analyst sees some difficulties in estimating the impact of the company's efforts to ramp up the Palms...
Marina Bay Sands Asking Lenders for Almost $6 Billion in Singapore, May Have Its Work Cut Out to Reach Goal
Marina Bay Sands -- the Singapore casino operator that is a unit of Las Vegas Sands Corp. (NYSE: LVS) -- is looking for up to $5.86 billion in financing, its first visit to the loan market since 2012, and one that's expected...
US Sports Betting Market Will Be 90 Percent Online and Mobile Within a Decade, Industry Experts Assert
Mobile devices and the internet will be the dominant avenues for bettors looking to access the growing US sports wagering market. According to an Associated Press (AP) report that came out of the East Coast Gaming Congress in Atlantic City this week,...
Hedge Funds Losing Love for Las Vegas Sands, Casino Operator’s Stocks Falling from Favor
Las Vegas Sands Corp. (NYSE: LVS) is the largest US casino operator by market value, but the stock's popularity is declining in the hedge fund community. Hedging Their Bets At the end of the first quarter, 37 hedge funds held shares of...
Politics Meets Sports Betting as Washington, DC Lawmakers Push $215M Deal Forward
Washington, DC Mayor Muriel Bowser and the city council are moving forward with a $215 million deal to get sports gambling up and running in the nation's capital -- and no surprise, the pact is expected to benefit some folks with important...
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...
