5134 stories by Todd Shriber
Analyst Trims Price Targets on MGM, Sands, and Wynn as Macau Revenues Drop
Citing a variety of factors, Union Gaming analyst John DeCree -- who heads up the company's North America Equity/High Yield Research division in New York -- has forecast a larger decline in Macau VIP revenue and lowered his price targets on Las...
Lakes Charles, Louisiana Casino Hit for $14K By Man Using Employer’s Credit Card
A casino in Lake Charles, Louisiana was taken for $14,000 by a Pasadena, Texas man in March, local law enforcement recently revealed. David Allen Hass, 34, stands accused of using his employer's credit card to take three cash advances from the unnamed...
Steve Wynn Donates $400K to GOP in April, No Plans for Party to Return Money
Steve Wynn -- the controversial former chairman of Wynn Resorts and one-time Republican National Commitee (RNC) Finance Chair -- reportedly donated nearly $400,000 to two national GOP committees in April, and the party appears unlikely to refund those contributions despite the multiple...
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...
