5449 stories by Todd Shriber
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...
MGM Makes Cut in Goldman Sachs ‘Buyback Basket’
MGM Resorts International’s (NYSE: MGM) long-standing commitment to repurchasing its shares is well-known on Wall Street. Those efforts have resulted in a significant reduction to the casino giant’s shares outstanding tally, but also some accolades of sorts. For example, the gaming stock...
Wynn NY Casino Opposed by Majority of West Siders
Protect the High Line, a group attempting to safeguard the West Side Manhattan neighborhood of the same name, said a significant majority of local residents oppose a plan by Related Cos. and Wynn Resorts to develop a casino hotel there. Citing a...
Marriott, MGM to Rebrand Delano Las Vegas as W Hotel
Marriott International and MGM Resorts International announced Monday that they’re teaming up to convert the Delano Las Vegas to the hotelier’s W brand. The transition of that property is expected to occur later this year and marks an extension of the previously...
Fanatics Making Progress in New York Sports Betting Market
Fanatics, which is one of the newest players on the US sports betting stage, is making strides in New York -- the country’s largest market by handle. Privately held Fanatics acquired PointsBet US in 2023 in a $225 million all-cash deal, providing...
FanDuel to Rebrand Bally’s Sports Networks in Matter of Days
It’s official. Diamond Sports Group’s regional sports networks (RSNs) currently bearing the Bally’s Sports name will transition to FanDuel branding on Oct. 21. The announcement from Diamond and FanDuel parent Flutter Entertainment (NYSE: FLUT) arrived a day after reports surfaced that the...
Golden Entertainment Could Mull Sale-Leaseback on Unidentified Casino
Golden Entertainment (NASDAQ: GDEN) could consider selling and leasing back one of its casinos as an avenue for raising cash. Deutsche Bank analyst Carlo Santarelli put forth that theory in a new report to clients, noting there’s “rising probability” that Golden engages...
Diamond Sports Pushing for Fast FanDuel Rebrand on RSNs
Diamond Sports Group, the bankrupt operator of regional sports networks (RSNs) currently bearing the Bally’s Sports name, is asking a court to allow it to rebrand to FanDuel as soon as possible. In a Tuesday filing with the US Bankruptcy Court, Southern...
Sands Cash Flow Could Support Dividend, Says Moody’s
Las Vegas Sands’ (NYSE: LVS) rising free cash flow could support the casino giant’s ability to maintain and raise its quarterly dividend and repurchase shares. In a new report, Moody’s Investors Service said the Venetian Macau operator’s retained cash flow to net...
Caesars Among Most Shorted S&P 500 Stocks
Caesars Entertainment (NASDAQ: CZR) was one of the most heavily shorted stocks in the S&P 500 in September, according to new data. At the end of last month, short interest in Caesars as a percentage of the stock’s total float was 7.04%...
