4480 stories by Todd Shriber
South Carolina Giving Casino, Sports Betting Legislation Another Go
South Carolina lawmakers will have another chance to consider gaming legislation after State. Rep. J. Todd Rutherford (D-Richland) recently prefiled a casino and sports betting bill. H 3095 Joint Resolution is a constitutional amendment that could set the stage for casino gaming...
Las Vegas Sands Lone Gaming Company on List of Best-Managed Firms
Las Vegas Sands (NYSE: LVS) is the lone gaming operator on the Drucker Institute’s 2022 list of the 250 best-managed companies. Microsoft (NASDAQ: MSFT) tops the rankings, followed by Apple (NASDAQ: AAPL). The highest-rated firm from the consumer discretionary sector -- the...
Golden Entertainment Eyes 2023 for Colorado Belle Decision
Golden Entertainment (NASDAQ: GDEN) could render a decision on the fate of the currently shuttered Colorado Belle in Laughlin, Nevada next year. But it’s unlikely the operator will reopen the riverboat casino. In an interview with Richard Velotta of the Las Vegas...
Gaming Industry Displaying Fortitude Amid Headwinds, Says Analyst
Broadly speaking, share price performances across the gaming industry this year are unimpressive. That’s the result of macroeconomic headwinds, including persistent inflation and rising interest rates, as well as ongoing concerns regarding when sportsbook operators will finally reach profitability. Still, gross gaming...
Caesars, DraftKings, Other Gaming Stocks Miss Out on Nasdaq-100 Promotion
Caesars Entertainment (NASDAQ:CZR) and DraftKings (NASDAQ:CZR) are among the well-known gaming equities that missed out on promotion to the Nasdaq-100 Index (NDX). On Friday, Nasdaq announced the annual changes to the widely followed equity gauge, noting six companies will be added to...
Related Cos. Eyes 1,500-Room Casino-Resort on Manhattan’s West Side
Real estate developer Related Cos., which is partnering with Wynn Resorts (NASDAQ:WYNN) on a Manhattan casino-resort plan, earlier this week revealed more details of the project. In an interview with Bloomberg Television, Related CEO Jeff Blau said the venue on Manhattan’s far...
MGM China Paying MGM Resorts up to $173M for Trademarks
MGM China announced it will pay as much as $173.2 million over three years commencing Jan. 1, 2023 to MGM Resorts International for use of the US-based company’s trademarks. MGM China, which operates two integrated resorts in Macau, said in a regulatory...
Penn Entertainment Approves New $750M Buyback Plan
Penn Entertainment (NASDAQ:PENN) has added to the buyback binge in the gaming industry, announcing the approval of a $750 million share repurchase plan. That’s in addition to a buyback program for the same amount announced by the Pennsylvania-based regional casino operator in...
Macau Stocks Might Be Ready for Another Close-Up with Investors
Since the coronavirus pandemic forced a 15-day closure of Macau casinos in February 2020, it’s been a long, often turbulent road for shares of concessionaires in the special administrative region (SAR). But light may be emerging at the end of the tunnel....
Rick’s Cabaret Bringing Casino-Strip Club to Colorado
Central City -- one of the three Colorado towns where casino gaming is legal -- might be getting a sultry addition to its gaming scene. RCI Hospitality Holdings, Inc. (NASDAQ: RICK), which is the company behind Rick’s Cabaret and several other well-known...
