4480 stories by Todd Shriber
MGM Doles Out up to $750M to Support Macau Unit
MGM Resorts International (NYSE:MGM) will make a subordinated revolving credit facility of up to $750 million available to MGM China, becoming the latest US-based parent to extend credit to its Macau unit. The Las Vegas-based casino operator made the announcement in regulatory...
Fox Bet Could Head to Graveyard Following Fox /Flutter Arbitration Ruling
The recent arbitration ruling by New York’s Judicial Arbitration and Mediation Services (JAMS) in Fox. Corp.’s (NASDAQ:FOXA) rift with FanDuel parent Flutter Entertainment (OTC:PDYPY) could mean the end of Fox Bet. In the most recent edition of its biweekly EKG Line report,...
Wynn Resorts Provides UAE Update, Casino Could Be Bigger than Las Vegas
On its third-quarter earnings conference call late Wednesday, Wynn Resorts (NASDAQ:WYNN) provided analysts and investors with an update on its upcoming integrated resort on Al-Marjan Island in the United Arab Emirates (UAE). The project was announced earlier this year and is expected...
Lottery.com Exec Under FBI Investigation, Chairman Leaves Company
The soap opera that is Lottery.com (NASDAQ:LTRY) continued this week. That's as Chairman of the Board Richard Kivel left the company, while noting Chief Compliance Officer Dennis Ruggeri is under FBI investigation. In a letter to what remains of the gaming company’s...
Century Casinos Will Update Nugget Sparks, Major Overhaul Not Planned
Century Casinos (NASDAQ: CNTY) is likely to update Nugget Sparks when it takes over operations at the Reno-area casino hotel. But a massive, costly renovation may not be in the cards. That could relieve analysts and investors who are keeping watchful eyes...
Wynn Resorts Results Again Walloped By Macau
It’s become a familiar refrain for casino operators with Macau exposure. That being that the Chinese territory is a drag on earnings, and Wynn Resorts (NASDAQ:WYNN) is no exception to that trend. Shares of the Wynn Macau parent traded slightly lower in...
PlayAGS Poised to Gain Slot Machine Market Share
Gaming device manufacturer PlayAGS (NYSE: AGS) reported third-quarter earnings before interest, taxes, depreciation, and amortization (EBITDA) that beat Wall Street estimates. And, while the stock is sliding on Wednesday, some analysts remain upbeat on the shares. In a note to clients, Stifel...
Penn Entertainment Not Cheap, Pipeline Risks Linger, Says Analyst
Penn Entertainment (NASDAQ: PENN) stock isn’t particularly inexpensive relative to its peers, and the operator’s recently announced spending plans pose some risks. Those are the sentiments of Roth Capital analyst Edward Engel, who, in a note to clients Tuesday, reiterated a “hold”...
Full House Sees Waukegan Temp Casino Open in January, Chamonix Mid-2023
The Full House Resorts (NASDAQ: FLL) investment thesis revolves largely around the operator’s new casino pipeline. Those efforts, including American Place in Waukegan, Ill. and Chamonix in Cripple Creek, Colo., are taking shape and could pay dividends as soon as next year....
Mirage Operations Shifting to Hard Rock in December, Analyst Forecasts Two-Year Closure
Hard Rock International is slated to assume operations at the Mirage next month, taking the reins from MGM Resorts International (NYSE: MGM). Hard Rock, the gaming arm of the Seminole Tribe of Florida, announced last December it purchased the operating rights to...
