4509 stories by Todd Shriber
Las Vegas Sands Request for Long Island Tax Breaks Draws Ire
A Nassau County civic group claims it’s the “height of hypocrisy” for Las Vegas Sands to seek tax relief in its quest to build a $4 billion integrated resort in Uniondale, NY. The "Say NO to the Casino Civic Association" issued a...
Churchill Downs Moves Spring Meet Following 12 Equine Deaths
Churchill Downs -- the operator of the storied racetrack of the same name -- announced late Friday that it is halting its spring meet effective June 7. The remainder of the session will be moved to Ellis Park following the deaths of...
MGM, Galaxy Entertainment Signal Interest in Thailand Casinos
Thailand isn’t home to casino resorts, but that could change, and some operators are looking to get a head start on that shift. Galaxy Entertainment and MGM Resorts International (NYSE: MGM) are rumored to be part of that group. Citing unidentified sources...
Macau Casino Stocks Could Be Boosted by China Stimulus Plans
China is mulling a fresh round of monetary stimulus to support the country’s battered property market and those efforts could benefit Macau casino stocks. Prior efforts to support the flailing real estate market in the world’s second-largest economy helped avoid outright collapse...
Las Vegas Sands Top Macau Stock Pick, Says Macquarie Analyst
As confirmed by May’s gross gaming revenue (GGR) report, the Macau recovery continues. But analysts have their individual preferences among the related equities. In a note to clients on Thursday, Macquarie analyst Chad Beynon said Sands China parent Las Vegas Sands (NYSE:...
Marina Bay Sands Could Notch $500M EBITDA Quarter
With Singapore’s tourism industry rebounding mightily from coronavirus restrictions, Marina Bay Sands could eventually post $500 million in earnings before interest, taxes, depreciation, and amortization (EBITDA) in a single quarter. Speaking Wednesday at the Bernstein 39th Annual Strategic Decisions Conference in New...
Macau Ranks Fourth Among Cities Where Tourists Spend Most
Even with the headwinds of coronavirus travel restrictions, Macau ranked fourth among global cities in 2022 in terms of money spent by tourists. In 2022, visitors to the special administrative region (SAR), the lone Chinese territory where gaming is permitted, spent $15.58...
Las Vegas Sands Seeking Tax Breaks for Long Island Casino
Las Vegas Sands wants to open a $4 billion integrated resort in Uniondale, NY, and will reportedly ask Nassau County for some tax relief. The gaming company’s proposal recently won the support of County Executive Bruce Blakeman, and the legislature there last...
Las Vegas Sands in Wait-and-See Mode on Thailand Casino
Las Vegas Sands is taking a pragmatic approach to possible expansion in Thailand, acknowledging the concept of casino gaming in the Southeast Asian nation is in its infancy. It’s been more than a year since rumors surfaced regarding the operator’s interest in...
Casino Stocks Could Participate in Cyclical Rebound
Amid financial market fervor for artificial intelligence (AI), sleepier cyclical stocks -- including select shares of casino operators -- are languishing. Casino stocks have been punished in recent weeks, and the damage is widespread. Over the past month, the average loss incurred...
