5359 stories by Todd Shriber
Kalshi Joins Sports Event Contracts Arena
Kalshi, the operator of one of the largest prediction markets, is the latest company to join the growing sports event contracts space. In a filing with the Commodities and Futures Trading Commission (CFTC), New York-based Kalshi said it stated offering derivatives based...
Court Approves $45M Settlement in MGM Resorts Hack Class Action
The United State District Court for the District of Nevada granted preliminary approval of a $45 million settlement in a class action suit brought against MGM Resorts International (NYSE: MGM) stemming from the September 2023 cyber intrusion that temporarily crippled the casino...
Hard Rock Casino Tampa Reveals $65 Million Refresh
The Seminole Hard Rock Hotel & Casino Tampa, the largest gaming venue in Florida, unveiled $65 million in enhancements, including significant additions to its slots area. Some of the upgrades have already been revealed, including the return of the Fresh Harvest Buffet...
Caesars Stock Offers Attractive Risk/Reward, Says Analyst
Following a dreadful showing last year, Caesars Entertainment (NASDAQ: CZR) stock has rebounded modestly to start 2025, receiving ample help from Wall Street analysts extoling the shares’ finer points. Stifel’s Steven Wieczynski is part of that group, telling clients in a new...
Las Vegas Will Host 2027 College Football Title Game
The 2027 College Football Playoff (CFP) title game will be played at Allegiant Stadium, adding another marquee sporting event to the Las Vegas calendar. Reports surfaced Tuesday that the US casino hub will host the game on Jan. 25, 2027. The first...
MGM Could Make Another Run at Entain’s BetMGM Stake
It’s been four years since MGM Resorts International (NYSE: MGM) offered to acquire BetMGM partner Entain Plc (OTC:GMVHY). At least one analyst believes it’s possible the casino giant could revisit such a proposal this year. In a new, broader report on gaming...
Wynn Credit Rating Affirmed with Stable Outlook by Fitch
Wynn Resorts’ (NASDAQ: WYNN) credit rating remains in junk territory, but the casino operator was praised for its solid liquidity position and an improving outlook in Macau. In a new report, Fitch Ratings reiterated a grade of “BB-“ with a “stable” outlook...
Mohegan Gaming Credit Profile Weakening, Says Analyst
Mohegan Gaming & Entertainment (MGE) told creditors earlier this month that its Inspire Korea casino hotel isn’t performing as expected and that it's amended its credit agreement on the gaming venue for the fourth time. While that sparked fear about the credit-worthiness...
Global Casino Market Poised to Grow by $43 Billion Over Five Years, Report Claims
Supported by increased consumer spending, the global casino gaming market is poised to grow by $43.3 billion for the five years spanning 2024 to 2028, representing a compound annual growth rate (CAGR) of 3.2%, according to a new report by Technavio. Gaming...
Former Thai PM Thaksin Expects Robust Casino Bidding Process
Former Thai Prime Minister Thaksin Shinawatra said he expects the bidding process to bring casino resorts to the country will be competitive and transparent, adding gaming companies successful in their quests to procure licenses there will prove their abilities to bolster tourism...
