4482 stories by Todd Shriber
Tilman Fertitta Said to Be Mulling Offer for Washington Commanders
Billionaire Tilman Fertitta is reportedly among the bidders looking to acquire the NFL’s Washington Commanders. He is said to have recently visited the team’s training facility in Ashburn, Va. He has an estimated net worth of $8.1 billion. Fertitta’s Fertitta Entertainment Inc....
Resorts World Las Vegas Sets Profit, Sales Records
In another sign of vibrancy on the Las Vegas Strip, Resorts World Las Vegas posted record earnings before interest, taxes, depreciation and amortization (EBITDA) and sales in the fourth quarter. Genting Berhad -- the Malaysian conglomerate that controls the various Resorts World...
MGM Macau, iGaming Exposure Lauded by Analyst
MGM Resorts International (NYSE: MGM) equity bulls got some good news today as an analyst sung the praises of the gaming company’s breadth and online exposure, among other factors. In a note to clients today, Barclays analyst Brandt Montour initiated coverage of...
Bally’s Open to More Sale-Leaseback Deals
Coming off a series of cash-generating real estate sales in 2022, Bally’s (NYSE: BALY) could explore related transactions in the future as avenues for funding mergers and acquisitions and new projects. Incoming CEO Robeson Reeves made comments to that effect on the...
Gaming and Leisure Properties Boosts Dividend, Unveils Special Payout
Gaming and Leisure Properties (NASDAQ:GLPI) today announced that it is increasing its quarterly dividend while unveiling a special payout. The casino landlord raised its quarterly payout to 72 cents a share from 70 cents and said will deliver a special dividend of...
Cathie Wood’s ARK Invest Pares DraftKings Stake
One of the largest institutional investors in DraftKings (NASDAQ: DKNG) stock reduced its exposure to shares of the online sportsbook operator. On Wednesday, Cathie Wood’s ARK Investment Management sold 207,747 shares of the gaming company as the stock cooled from a recent...
Sands Board Departure Highlights Controlled Company Status
Las Vegas Sands (NYSE: LVS) announced the departure of Yibing Mao from its board of directors, leaving the board short of independent members. Mao had been a director at the gaming company since July 2021 and is leaving to pursue other opportunities....
MGM First Casino Company to Sign Onto UN CEO Water Mandate
MGM Resorts International (NYSE: MGM) announced that it's the first casino operator to join the United Nations’ (UN) CEO Water Mandate -- a collection of multinational companies working to address water shortages and related issues. Given that it’s a Las Vegas-based company...
Nevada Hotel Tax Revenue to Exceed Pre-Pandemic Levels in 2023
The domestic hotel industry is forecast to easily surpass pre-coronavirus pandemic tax revenue levels this year, potentially representing good news for Nevada state coffers and employment numbers. In a new report, the American Hotel & Lodging Association (AHLA) and Oxford Economics forecast...
DraftKings Could Buy Caesars Out of ESPN Deal Says EKG
It’s been nearly three years since Caesars Entertainment (NASDAQ: CZR) and DraftKings (NASDAQ: DKNG) each announced separate multiyear agreements with ESPN. Now, it’s possible DraftKings will expand that relationship, potentially buying out the casino operator to do so. That idea was floated...
