5081 stories by Todd Shriber
As Potential Suitors Circle, Caesars Stock Remains Hedge Fund Favorite
With Caesars Entertainment being discussed as an acquisition target, hedge funds remain fans of the stock. A report from Jefferies, an investment bank and brokerage firm, highlights new holdings established by high and low turnover hedge funds in the first quarter. High...
Armenia Protestors Challenge Parliament Effort to Enact Big Gambling Restrictions
Armenia's parliament is considering legislation that could further restrict gaming establishments in the Eastern European nation. The legislation, introduced last October, is the latest in a series of efforts by Armenian politicians to crackdown on betting parlors and casino gaming venues across...
India Court Decides to Continue Allowing Online Wagering, But Commissions Further Review
A court in India voted Wednesday against a temporary ban on online wagering, opting instead to allow the activity to continue while requesting additional guidance from policymakers on the legality of games of chance. Avinash Mehrotra, an Indian social activist, petitioned the...
Analyst: Odds Looking Good for Eldorado Resorts to Buy Caesars Entertainment
The possibility of Eldorado Resorts, Inc. (NASDAQ: ERI) acquiring Caesars Entertainment Corp. (NYSE: CZR) is increasing, according to a gaming and lodging analyst. “We believe the likelihood for an ERI/CZR pairing has increased and we believe this transaction would be a net...
Controversy Follows Arapaho Business Council Decision on Wyoming Casino CEO
Wind River Hotel and Casino CEO Jim Conrad can keep his current position at the helm of Wyoming's largest gaming venue until the end of June, but there is some controversy regarding whether he will continue on past June 30. Following a...
SciPlay Stock Offering Considered Attractive Bet Among Wall Street Analysts
SciPlay Corp, the maker of mobile and online casino games which is a unit Scientific Games, launched an initial public offering (IPO) earlier this month and is already drawing bullish commentary from Wall Street analysts. Over the past five days, 10 analysts...
Police Close Georgia Video Rental Store Masquerading as Bookmaking Shop
Police in Lawrenceville, Georgia, closed a video rental store that was allegedly doubling as a center for an illegal bookmaking operation. Law enforcement officers arrested owner Boonlert Boonsawang on Monday, and charged him with running an illicit sports betting ring. The 59-year-old...
Massachusetts Man Busted for Using Fake Slot Mailers at Rhode Island Casino
A Massachusetts man with a lengthy rap sheet is facing felony charges for orchestrating a scam in which he and other gamblers used phony mailers to gain free slot play at the Tiverton Casino Hotel in Rhode Island. Joseph Clement, 49, of...
Cosmopolitan Las Vegas Denies Entry to Rapper Meek Mill, Social Media Firestorm Ensues
Rapper Meek Mill was reportedly denied entry to the Cosmopolitan on Saturday, prompting the musician to accuse the Las Vegas hotel and casino of “extreme racism” in an Instagram post. Meek Mill, whose birth name is Robert Rihmeek Williams, and two members...
Despite Recent Returns, Analysts Bullish on MGM Resorts Stock as Company Seeks to Control Costs
Shares of MGM Resorts International are up just 5.3 percent year-to-date, barely more than half the year-to-date gain of rival Las Vegas Sands Corp. and just over a third of the returns notched by Wynn Resorts, Ltd. Based on those comparisons, investors...
