4507 stories by Todd Shriber
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...
Red Rock Stock Primed for Upside on Las Vegas Locals Strength
Red Rock Resorts (NASDAQ: RRR) stock could be a winner amid ongoing strength in the Las Vegas locals market -- the operator's key constituency. That’s the take of Susquehanna analyst Joseph Stauff, who initiated coverage of the casino operator with a “positive”...
Bally’s Buys Trump Bronx Golf Course, Hopes for New York Casino License
Bally’s (NYSE: BALY) is reportedly purchasing Trump Golf Links at Ferry Point in the Bronx, NY, in hopes of eventually building a casino on the property. The links is currently owned by the Trump Organization, President Donald Trump’s family conglomeration. Citing unidentified...
DraftKings Picks Up Sponsorship of ‘NFL RedZone’
DraftKings will reportedly become the presenting sponsor of the NFL Network’s NFL RedZone -- the popular look-in show that allows viewers to watch multiple games at once. Neither the gaming company nor the league made an official announcement regarding the parternship. But multiple...
Okada Manila Notches Legal Win, Court Rules SPAC Deal Can Be Terminated
Universal Entertainment Inc. and its affiliates with ties to the Okada Manila integrated scored a legal victory Thursday when a judge in the Delaware Court of Chancery ruled the gaming entity doesn’t need to move forward with a reverse merger proposed by...
MGM CEO Bill Hornbuckle Bullish on Las Vegas, Japan, Eyes UAE
MGM Resorts International (NYSE: MGM) CEO Bill Hornbuckle is bullish on the company’s positioning in Las Vegas, noting the operator stands to benefit from a slew of upcoming marquee events at local arenas and stadiums. In comments made Thursday at the Bank...
VICI Properties, Casino Landlord, Boosts Dividend 6.4%
VICI Properties (NYSE: VICI), the largest casino landlord in the US, announced Thursday it is increasing its quarterly dividend to 41.5 cents a share from the current rate of 39 cents. That means the Caesars Palace owner’s annual payout will rise 6.4%...
College Athletes Harassed by Bettors, 72% of Schools Deal with Wagering Woes, Says NCAA
College athletes are on the receiving end of vitriol from bettors, and 72% of universities are dealing with sports wagering issues tied to athletes or staff over the past year, according to a new NCAA survey. Compliance officials at NCAA member universities...
Credit Card Spending Trends Could Signal Softness Ahead for Casinos
Since the start of 2022, a period including a stretch of the highest inflation in 40 years and the highest interest rates in two decades, the casino gaming industry mostly dealt with macroeconomic headwinds with aplomb. Some data points indicate that could...
