4480 stories by Todd Shriber
MGM Stock Has Makings of 2023 Casino Winner, Analyst Claims
On a mostly rough day for casino equities, MGM Resorts International (NYSE: MGM) gained almost 2% Monday with the help of bullish sell-side commentary. In a note to clients today, Truist analyst Barry Jonas upgraded shares of the Bellagio operator to “buy”...
VICI Providing Financing for Century Casinos Missouri Renovations
VICI Properties (NYSE:VICI) is providing financing to Century Casinos (NASDAQ:CNTY) so that the gaming operator can refurbish its eponymous Caruthersville, Mo. casino-hotel. Last Friday, Century broke ground on the enhancements, which are expected to cost $51.9 million. To finance the project, it...
Jay-Z Joins Caesars, SL Green in Times Square Casino Bid
The plan to bring a casino to Times Square now has a famous face accompanying Caesars Entertainment and real estate developer SL Green, as rapper Jay-Z joined the group. Specifically, Jay-Z's Roc Nation entertainment agency is partnering with Caesars and SL Green...
Inflation Could Take Bite Out of Las Vegas Vibrancy
Data confirms that the gaming industry, including Las Vegas-based casino-hotels, has been resilient in the face of high inflation this year. But some economists believe soaring consumer prices are finally pinching the US gaming mecca. A recent report from the Center for...
Entain Stock Has World Cup Benefits and More
As the operator of several of Europe’s most prominent sportsbook brands, Entain Plc (OTC:GMVHY) stands as an obvious beneficiary of World Cup betting. That’s particularly true with European nations, including England, representing eight of the 16 teams left in the tournament. The...
Las Vegas Sands Mulling Long Island as Site of New York Casino
Las Vegas Sands is said to be considering multiple sites on Long Island as potential homes for a New York-area casino. Former New York Gov. David Paterson (D), now a senior vice president at the gaming company, is pushing his employer to...
Tough Times Await Casino Gaming Industry, According to Moody’s
With just one month remaining in 2022, it appears likely that casino operators will set an annual record for gross gaming revenue (GGR) this year. But things are likely to get tougher from here for the industry, according to Moody’s Investors Service....
Wynn Resorts Wraps $1.7B Sale of Encore Boston Harbor Property Assets
Wynn Resorts (NASDAQ: WYNN) said Thursday it completed the previously announced sale of Encore Boston Harbor’s real estate to Realty Income (NYSE: O) for $1.7 billion. The transaction, revealed in February, is all cash and comes at a cap rate of 5.9%....
VICI Buying Remaining Stakes in Mandalay Bay, MGM Grand from Blackstone
VICI Properties (NYSE: VICI) announced Thursday it's acquiring the 49.9% of the Mandalay Bay and MGM Grand on the Las Vegas Strip it doesn’t currently own. That will solidify its status as the largest owner of gaming real estate on the Strip....
Firecreek Crossing Slated to Be Reno’s Newest Casino
Elevation Entertainment is planning a new casino-resort in Reno, marking another addition to the flourishing Northern Nevada market. For now, the planned gaming venue is known as the Firecreek Crossing Resort-Casino and would be the first from-the-ground-up casino-hotel in the city in...
