5359 stories by Todd Shriber
Star Entertainment Halts Trading, Stoking Fears Collapse is Near
Casino operator halted trading of its stock in Sydney Gaming company won’t deliver half-year results as scheduled Shares of Star Entertainment were halted in Friday trading in Sydney, sparking fears that the ailing casino operator won't deliver its half-year results as scheduled...
Melco Mulling Alternatives for Manila Casino Hotel
Melco hired investment banks to examine alternatives for City of Dreams Manila Operator did not say a sale of the casino resort is in the cards Melco Resorts & Entertainment (NASDAQ: MLCO) announced today that it hired a pair of investment banks...
Wynn Says Dialogue with Fertitta to Continue
Comments arrive as investor has opportunity to increase stake Fertitta is already the largest individual shareholder in Wynn Wynn Resorts (NASDAQ: WYNN) said its relationship with Tilman Fertitta, the company’s largest individual shareholder, is strong and that it’s open to continuing discussions...
Caesars Could Sell More Assets in Bid to Further Pare Debt
Caesars still considering noncore asset sales Deals could be harder to come by this year Caesars Entertainment (NASDAQ: CZR) indicated it remains open to selling noncore assets, including casinos, as it continues debt-reduction efforts, but warned transactions could be harder to come...
MGM China Looking for $2 Billion in Financing
Company runs two Macau casino resorts Would be its first loan since the coronavirus pandemic MGM China is reportedly in talks with a group of lenders regarding a $2 billion syndicated loan, which would be the casino operator’s first round of financing...
Virgin Las Vegas Rolls Out New Rewards Program
Virgin Las Vegas announces new customer rewards program Cherry Rewards scheduled to debut in March Virgin Hotels Las Vegas announced the debut of its new casino and hotel loyalty platform, Cherry Rewards. That program is expected to launch in March. The move...
Tilman Fertitta Now Biggest Individual Investor in Wynn Resorts
Fertitta is biggest Wynn shareholder Stake could increase if purchase option is exercised before May 13 Tilman Fertitta is now the largest individual shareholder of Wynn Resorts (NASDAQ: WYNN) with rights to control more than 10% of the casino operator’s shares outstanding....
Trump’s ‘Foreign Adversaries’ Trade List Includes Macau
Trump wants to limit China investment in US Macau could feel effects, but impact still unclear Macau, the world’s largest casino market, could feel collateral effects in a potential US/China trade war. Last week, President Trump pushed the Committee on Foreign Investment...
Sands IG Credit Rating Buoyed by Singapore, Says Fitch
Sands still has an investment-grade rating at Fitch Marina Bay Sands viewed as a source of strength Las Vegas Sands’ (NYSE: LVS) credit rating was reaffirmed at “BBB-“ -- the lowest investment-grade mark -- with a “stable” outlook by Fitch Ratings. In...
Maryland Most Likely State to Raise Sports Betting Tax, Says EKG
Maryland seen as most likely to raise sports betting taxes in 2025 Mixed outlook for other states following suit We're less than two months into 2025, and the outlook for more states approving iGaming or online sports betting is growing dimmer by...
