4505 stories by Todd Shriber
IGT Stock Surges on Rumor Apollo Mulling Bid for Gaming Unit
International Game Technology (NYSE: IGT) was one of Thursday’s best-performing gaming stocks, as the shares surged following a report that Apollo Global Management (NYSE: APO) is considering a bid for the company's global gaming division. On the news, shares of IGT surged...
Caesars’ Rewards Database Targeted by Hackers, Says Company
Caesars Entertainment (NASDAQ: CZR) confirmed today that it was recently the victim of a cyber attack and that the bad actors targeted the Caesars Rewards database, among other data troves, held by the gaming company. The casino operator revealed in a Form...
Caesars Reportedly Paid Cyber Ransom, MGM Credit Rating Vulnerable Following Hack
News of cyber breaches afflicting Las Vegas Strip casino operators is getting worse. Just two days after MGM Resorts International (NYSE: MGM) confirmed it was the victim of a wide-ranging cyber attack, rival Caesars Entertainment (NASDAQ: CZR) will reportedly soon tell investors...
Caesars Bails on UAE Just as Things There Are Looking Interesting
Caesars Entertainment (NASDAQ: CZR) is abandoning a non-gaming hotel in Dubai just as a new casino policy in the United Arab Emirates (UAE) appears to be taking shape. In a statement issued earlier Wednesday, Singapore-based hospitality group Banyan Tree announced it’s taking...
Casinos Losing $37B to Outdated Free Slot Play Systems, CMS Firm Says
It’s widely believed that casino operators prolifically print money. Still, the industry is missing out on massive potential profits due to outdated customer loyalty systems, creating significant lost opportunity costs attributable to free play on slot machines. Acres Manufacturing Company, which manufactures...
MGM Cyber Breach Looks Like ‘Widespread Ransomware Attack’
MGM Resorts International (NYSE: MGM) is still dealing with the impact of a large-scale cybersecurity breach. While the casino operator hasn’t commented to this effect, at least one industry insider believes the event has the hallmarks of a ransomware attack. In ransomware...
Deion Sanders’ Colorado Prime Pain for Sportsbook Operators, Says Analyst
The 2023 college football season is just two weeks old, but sportsbook operators are already feeling adverse hold effects due to the resurgent Colorado Buffalos, led by coach Deion “Primetime” Sanders. In a note to clients today, Macquarie analyst Chad Beynon estimated...
Newsday Slams New York Casino Process
New York’s slow-moving process to award three downstate casino licenses was derided in a Newsday op-ed, with the media outlet noting an exercise that started as energetic has now turned lethargic. Late last month, the New York State Gaming Commission (NYSGC) and...
MGM Must Disclose Ransomware Demand if it Pays One
As of late Monday, MGM Resorts International (NYSE: MGM) is still grappling with the effects of what appears to be a large-scale cybersecurity breach. Should it become clear that the perpetrators made a ransom demand -- a common tactic in cybercrime --...
Caesars Sportsbook Shows Live Betting Advantage, Says Analyst
Pending Monday Night Football tonight, week one of the 2023 NFL season is in the books and Caesars Entertainment’s (NASDAQ: CZR) showed it might be building a technological advantage over rivals. In a note to clients Monday, Wells Fargo analyst Daniel Politzer...
