5448 stories by Todd Shriber
Genting Singapore Credit Rating Supported by RWS, Says Moody’s
Momentum at Resorts World Sentosa (RWS) is supportive of Genting Singapore’s solid credit rating, according to Moody’s Investors Service. In a new report, the ratings agency affirmed its “A3” grade and “stable” outlook on the gaming company, noting the duopoly status Genting...
GLPI Waiting on Bally’s for Stadium Casino Financing Updates
Gaming and Leisure Properties (NASDAQ: GLPI) said it’s waiting on Bally’s (NYSE: BALY) to provide updates on potential financing needs for a planned casino hotel at the site formerly occupied by the Tropicana on the Las Vegas Strip. Executives from the real...
Gateway Casinos Could Tap Private Credit Market for $1.8 Billion
Canada’s Gateway Casinos is reportedly mulling the issuance of $1.8 billion in private credit to trim existing liabilities and pay its owners a dividend. Bloomberg broke the news earlier today, citing unidentified sources familiar with the matter. Those sources said the casino...
Boyd Gaming Stock Hits New High as Las Vegas, Norfolk Underpin Growth
Shares of Boyd Gaming (NYSE: BYD) rallied Friday, a day after the casino operator delivered third-quarter results -- a report that highlighted growth opportunities in Las Vegas and Norfolk, Va. The stock closed higher by 7.85% on volume that was nearly triple...
Churchill Downs to Spend Up to $50M on New Kentucky HRM Venue
Churchill Downs (NASDAQ: CHDN) said it will spend as much as $50 million to build a new historical racing machine (HRM) establishment in Calvert City, Ky. The gaming company forecast expenditures of $40 million to $50 million on the HRM facility, which...
Century to Open New Missouri Casino on Nov. 1
Century Casinos (NASDAQ: CNTY) said its new land-based casino hotel in Caruthersville, Mo. will open on Friday, November 1. On Wednesday, the Missouri Gaming Commission (MGC) approved the move for what was the last riverboat casino in the state, paving the way...
Las Vegas Sands Raises Dividend, Will Repurchase $2B in Stock
Las Vegas Sands (NYSE: LVS) is elevating its shareholder rewards, announcing an increase to its quarterly dividend while unveiling a large share repurchase program. In conjunction with the release of its third-quarter results, the gaming company said Wednesday it's lifting its quarterly...
Labor Union to Rally in Support of Wynn New York Casino
A labor union plans a Thursday rally on the West Side of Manhattan to support the proposed $12 billion development of the Western Rail Yards by Related Cos. and Wynn Resorts -- a project opposed by many of the neighborhood’s affluent residents....
CFTC Promises Scrutiny of Election Wagering Sites
The Commodities and Futures Trading Commission (CFTC) is pledging to diligently monitor platforms offering financial contracts tied to political outcomes as Election Day nears. The commission, which is engaged in a lengthy legal spat with financial exchange and prediction platform Kalshi, views...
Venetian Las Vegas, IHG to End Hotel Alliance in January
IHG and the Venetian and the Palazzo are ending a 15-year-old hotel licensing agreement. That pact will be terminated on Jan. 1, 2025. Since October 2010, the Las Vegas Strip integrated resort complex has been part of IHG’s booking system, with the...
