4509 stories by Todd Shriber
Marriott, Sands China Announce Londoner Macau Accord
Sands China and Marriott International announced Tuesday that the hotelier will bring the Londoner Grand concept to the gaming company’s London Macau casino resort. The Londoner Grand is the first Marriott Luxury Collection hotel to come to Macau. Previously Sands Cotai Central,...
NY Regulators Rips DraftKings’ Scrapped Surcharge Plan
It took DraftKings less than two weeks to pull the plug on a plan to levy winning sports bets in select high-tax states and it’s a good thing the company did that because had it proceeded, it apparently would have drawn the...
Macau Casino Stocks Rally After PBOC Unveils ‘Policy Bazooka’
Las Vegas Sands (NYSE: LVS) and Wynn Resorts (NASDAQ: WYNN) were among today’s best-performing casino stocks after the People's Bank of China (PBOC) unveiled a series of monetary easing measures that boosted shares of Macau gaming equities. The central bank cut its...
Light & Wonder Stock Tumbles as Aristocrat Wins ‘Dragon Train’ Injunction
Shares of Light & Wonder (NASDAQ: LNW) plunged Tuesday after the company told investors a court granted rival Aristocrat Technologies a preliminary injunction pertaining to Light & Wonder’s “Dragon Train” series of slot machines. In late trade trading, Light & Wonder is...
Wynn New York Casino Plan Draws More Opposition
Opposition to a plan by Related Cos. and Wynn Resorts to bring a casino hotel to the West Side of Manhattan is mounting, with three community groups joining that fray on Monday. Open Plans, Parks & Trails New York, and Save Chelsea...
Cohen, Hard Rock Unveil Renderings for Queens Casino
Steve Cohen and Hard Rock International recently unveiled renderings of the proposed “Metropolitan Park” project, which includes plans for a casino hotel near Citi Field in Queens, NY. The release of the sketches for Metropolitan Park arrived about five months after the...
Golden Entertainment Cooled by Hot Summer, Analyst Still Bullish
This summer was the hottest on record in southern Nevada, prompting some would-be bettors to stay out of locals' casinos and gaming bars in Las Vegas and Laughlin. As a result, B. Riley analyst David Bain lowered estimates on Golden Entertainment (NASDAQ:...
FDU Study Says Young Men Vulnerable to Online Betting Problems
A new study by Fairleigh Dickinson University (FDU) says the proliferation of online wagering, including sports betting, over the past several years has exacerbated worrisome patterns in certain demographics, including young men. The report by the New Jersey college indicated surveyed men...
Caesars Long-Term Bonds Look Appealing, Says Analyst
The Federal Reserve’s recent interest rate cut coupled with Caesars Entertainment’s (NASDAQ: CZR) ongoing debt reduction efforts are among the reasons the casino operator’s longer-dated bonds could be appealing to income investors. In a new report to clients, GimmeCredit analyst Kim Noland...
Opposition Group Mad About LVS Outsourcing Nassau Coliseum Obligations
A group that’s consistently opposed the idea of a casino hotel on Long Island is decrying Las Vegas Sands’ outsourcing of operational duties for events at Nassau Coliseum -- the site of the company’s proposed integrated resort. The “Say NO to the...
