5136 stories by Todd Shriber
Wynn Resorts Forecasts 22% Revenue Increase by 2021, Outlines ‘Selective’ Approach to Acquisitions at Investor Day
Wynn Resorts, Ltd. (NASDAQ: WYNN) said it expects revenue will surge 22 percent by 2021 while forecasting a 28 percent increase in earnings before interest, taxes, depreciation, and amortization (EBITDA) over the same period. The company made the comments at its annual...
Boyd Gaming, Monarch Casino, Penn National Could be Among Bidders if Eldorado Jettisons Caesars Strip Properties
As part of its $17.3 billion takeover offer, revealed last month, for Caesars Entertainment Corp.(NASDAQ:CZR), Eldorado Resorts, Inc. (NASDAQ:ERI) is expected to mull asset sales and that could include some of Las Vegas Strip properties operated by Caesars. There are likely to...
Democratic Presidential Hopeful Castro Urges Station Casinos to Recognize Culinary Workers Right to Unionize
Democratic presidential contender Julian Castro is stepping into the long-running battle between Red Rock Resorts Inc. and the Culinary Workers Union (CWU), urging the gaming company to support workers' rights to unionize. Earlier this year, the National Labor Relations Board (NLRB) said...
Maryland Gross Gaming Revenue Dips 4 Percent in June; Big Monthly Decline For Horseshoe Baltimore
Gross gaming revenue (GGR) in Maryland fell four percent in June to $142.89 million from $148.90 million in June 2018, according to a report released by Maryland Lottery and Gaming on Monday. Maryland Lottery and Gaming is the regulatory body overseeing casino...
Twin River Believes Raimondo’s Backing IGT is Anti-Competitive, Could Cost Rhode Island Taxpayers Hundreds of Millions of Dollars
Twin River Worldwide Holdings, Inc. (NYSE: TRWH), the owner of two casinos in Rhode Island, is launching a public relations offensive to persuade politicians there that Gov. Gina Raimondo's effort to award a $1 billion gaming machine contract to International Game Technology...
Pascua Yaqui Tribe Wants to Turn Old Arizona Movie Theater Into Tucson Casino
The Pascua Yaqui Tribe is working with officials in Tucson, Ariz., to potentially open a casino on unused land the tribe currently owns. Pascua Yaqui leaders are attempting to move 14.38 acres of tribal land into a trust so that the land...
MGM Growth Properties Luring Professional Investors With Rising Rents, Higher Dividends
MGM Growth Properties LLC (NYSE:MGP), a gaming and leisure real estate investment trust (REIT), is becoming a favorite of professional investors, including hedge funds. The company owns 13 integrated resorts across the US, including the Luxor, Mandalay Bay, Mirage, and New York...
Macau Sees Strong Demand For Yuan-Backed Bonds as Territory Looks to Diversify Economy
China's Finance Ministry sold about $247 million worth of yuan-denominated bonds in Macau on Friday as part of an ongoing effort to diversify the territory's economy away from casino gaming. The July 5 bond sale is the first installment of what is...
Legal Sports Betting Seen as Driving Force For Live Television Viewership
Bettors with skin in games are more likely to watch those contests on television, indicating increased legalization of sports betting across the US could drive higher ratings for networks broadcasting major sporting events. A study conducted by entertainment publication Variety in partnership...
Beaumont, Texas Bookie and Family Must Hand Over Chanel Jewelry, Rolexes, Cash to Feds
Larry Tillery, the Texas businessman charged with operating one of the largest bookmaking operations in the US, his wife and son must turn over a slew of high-end jewelry, cash, accessories and more to the federal government as part of their guilty...
