4482 stories by Todd Shriber
MGM Japan Casino Spend Could Be $2.5B, Says S&P
MGM Resorts International’s capital contribution to the widely anticipated casino-resort project in Osaka, Japan is expected to be $2 billion to $2.5 billion, according to S&P Global Ratings. The ratings agency said MGM’s stake in the project is unlikely to exceed 50%,...
SL Green Bullish on Caesars Partnership, Times Square Casino Plan
SL Green is already the largest New York City’s largest commercial real estate developer, and the company is looking to add a casino-hotel to its expansive portfolio. Last October, the real estate investment (REIT) announced it is partnering with Caesars Entertainment in...
Harry Reid Airport Could Benefit From Increased China Travel
China recently relaxed its zero-COVID policy, which could pave the way for more travel by that country’s tourists to the US. Domestic airports, including Las Vegas’ Harry Reid International Airport, could see pandemic recovery efforts bolstered by a renewed influx of flights...
Macau Concessionaires Could Be EBITDA Positive in Q1 – Morgan Stanley
Following a lengthy run of losses, Macau concessionaires could turn positive on the basis of earnings before interest, taxes, depreciation, and amortization (EBITDA) in the current quarter, according to a team of Morgan Stanley analysts. On the heels of China recently relaxing...
Madison Square Garden Entertainment Confirms Spin-Off, MSG Sphere Plans
Madison Square Garden Entertainment Corp. (NYSE: MSGE) has announced that it's moving ahead with a spin-off of its live entertainment business. That means investors will receive shares in a company holding the Sphere on the Las Vegas Strip, and potentially, Tao Group...
Macau Casino Companies to Prioritize Capital Spending Over Near Term
The six Macau casino operators are likely to focus on required capital spending over the near term before turning attention to operating expenditures. That’s the take from S&P Global Ratings. They recently noted the six concessionaires in the special administrative region (SAR)...
Sands Long Island Casino Plan Already Drawing Opposition
Las Vegas Sands is already facing opposition, albeit modest, to its recently revealed proposal to turn Nassau Veterans Memorial Coliseum in Uniondale, NY into a casino-hotel. The gaming company announced that plan on Thursday, and the following day, a small number of...
Dallas Cowboys Owner Jerry Jones Wants Texas to Consider Legalizing Sports Betting
Dallas Cowboys owner Jerry Jones believes the time is right for Texas to consider approving sports wagering, citing potential benefits for the second-largest state. Jones made the remarks in a Friday interview on K&C Masterpiece on 105.3 The Fan . His comments...
Saks Fifth Avenue Throws Hat in New York City Casino Ring
The competition for a New York City casino license has a new, famous entrant. Saks Fifth Avenue as unveiled plans for a gaming venue at its marquee store on Fifth Avenue. As reported by The New York Post, Saks parent company Hudson’s...
VICI Properties Slides on News of Secondary Offering Worth up to $927.36M
Shares of VICI Properties (NYSE: VICI) slipped late Thursday after the casino real estate investment trust (REIT) announced a secondary share sale that could be worth as much as $927.36 million. The Caesars Palace owner said it is selling 24 million shares...
