5081 stories by Todd Shriber
Soros Fund Management Downsizes Caesars Entertainment Shares by 25 Percent, Formerly Owned Close to Five Percent of Gaming Operator
As titans of the casino gaming and investment communities jostle to determine the fate of Caesars Entertainment Corp., big-name investor George Soros is reducing his stake in the casino operator. Soros Fund Management, LLC, the family office founded by the 88-year-old billionaire...
Euro Gaming Operator Groupe Lucien Barrière Pledges ‘Naturally Japanese Resorts’ In Push for Japan License
In its effort to land one of Japan's coveted gaming licenses, predominantly French casino outfit Groupe Lucien Barrière (GLB) has pledged to build a resort that is distinctively Japanese in flavor. Speaking before the Japan Gaming Congress 2019 in Tokyo on Thursday,...
Sports Betting Could Come to Chicago’s Wrigley Field, Other Illinois Stadiums
Gambling at the Friendly Confines? Chicago stadium venues could offer sports wagering soon, as Illinois legislators mull legalizing sports betting to raise much-needed revenue. Several plans to legalize sports betting in Illinois have recently been filed by politicians there, with some calls...
British Columbia Parq Vancouver Casino Gets Thrown Lifeline With Equity Partner
The financially burdened Parq Vancouver casino resort in Canada's British Columbia has announced a new equity partner, along well as refinancing of it debts. But the identity of that investor remains a mystery. Before the announcement of the unidentified partner, Canadian real...
MGM Resorts Director Paul Salem Invests Over $20M in 800K Company Stock Shares
Paul Salem -- recently appointed member of MGM Resorts International's board of directors -- is betting on higher prices for the casino operator's stock. A filing with the Securities and Exchange Commission (SEC) reveals that on May 8, Salem bought $20.3 million worth:...
Macau Health Bureau Quells Rubella Outbreak Rumors as 24 Casino Employees Succumb
Despite 37 cases of rubella so far this year -- including two dozen involving casino workers -- Macau's Health Bureau is insisting the Chinese gaming territory is not suffering from an outbreak of the disease also known as German measles. In a...
Illinois House Speaker Michael Madigan Throws Support Behind Proposed Chicago Casino Project
Michael Madigan -- the Illinois House Speaker once called "more Machiavellian than Machiavelli" by imprisoned former governor Rod Blagojevich -- has announced he's prepared to support a new casino in Chicago, the third-largest US city. Madigan said the idea of a casino...
Following MGC Encore Boston Harbor Decision, Moody’s Lifts Wynn Resorts Outlook to ‘Positive’
Moody's Investors Service -- the bond rating division of one of the largest global credit rating agencies -- boosted its outlook on Wynn Resorts, Ltd. (WYNN) to "Positive" from "Negative" after the company agreed to pay a $35.5 million fine levied by...
MGM Resorts’ Mountain of Debt Not Deterring Investors, at Least for Now — Q1 Earnings Report Coming Monday
As of April 24, MGM Resorts' market capitalization (the amount of shares outstanding multiplied by the stock price) was $14.94 billion, meaning MGM market value is roughly equivalent to its debt. That also puts MGM -- owner of the Bellagio, Mandalay Bay,...
