4505 stories by Todd Shriber
MGM Credit Rating Affirmed at Junk Status By Moody’s
MGM Resorts International’s (NYSE: MGM) noninvestment-grade credit rating of “B1” was affirmed by Moody’s Investors Service, which maintained a “stable” outlook on the gaming company’s credit profile. The “B1” grade is four notches into junk territory on Moody’s scale, and bonds with...
Sands CEO Robert Goldstein Offloads $5.23M in Stock Sale
Las Vegas Sands (NYSE: LVS) CEO Robert Goldstein recently sold 100K shares of the gaming company, grossing proceeds of $5.23 million. The sale occurred last Friday and pertained to stock owned by the Robert and Sheryl Goldstein Trust, according to a Form...
BetMGM, Marriott Bonvoy Team Up on Loyalty Points Deal
BetMGM and Marriott Bonvoy, the hotelier’s customer loyalty platform, are teaming up on a program that allows the gaming company’s clients to earn travel rewards. Bettors in the states in which BetMGM is operational can link their accounts with the online sportsbook...
Wynn’s Bold Bet: New York Casino Investment Set to Surpass $6B
Related Companies recently unveiled plans for a $12 billion expansion of Hudson Yards on Manhattan’s West Side. Of that sum, Wynn Resorts’ (NASDAQ: WYNN) proposed casino hotel would carry a price tag of $5.7 billion. That’s assuming the operator is successful in...
Wynn, Encore Lead Las Vegas Casino Rankings, New Properties Make the Cut
Wynn Resorts’ Wynn and Encore were named the top two Las Vegas casinos by a panel of Travel + Leisure experts, and a pair of new additions to the Sin City gaming scene also made the publication’s top 10 list. Topping Travel...
MGM Requests Yonkers Zoning Changes in Hopes of Winning NY Casino License
MGM Resorts International is asking the city of Yonkers, home of the operator’s Empire City Casino, for various zoning changes. The move comes in advance of New York regulators awarding three downstate casino permits. Local law firm DelBello Donnellan Weingarten Wise &...
Boyd Gaming Planning Enhancements at Suncoast Hotel & Casino
Boyd Gaming (NYSE: BYD) announced on Tuesday extensive renovation plans for its Suncoast Hotel & Casino in suburban Las Vegas. Last year, the operator added a new high-limit room and a William B’s Steakhouse to Suncoast. Future enhancements will include a reimagined...
DraftKings CFO Jason Park Transitions to New Role, Alan Ellingson Takes Over
DraftKings (NASDAQ: DKNG) announced Monday that CFO Jason Park is moving to another role within the gaming company. Senior Vice President of Finance and Analytics Alan Ellingson will assume the top financial job at the firm on May 1. Park joined Boston-based...
Sports Betting Commercials May Be Eliminated by Louisiana Lawmaker Initiative
Louisiana State Rep. Shaun Mena (D-Mid-City) recently introduced legislation that, if passed, would halt advertisements from online sportsbook operators in the state. House Bill 727 (HB 727) seeks to ban operators of fantasy sports contests and sportsbooks that do business in Louisiana...
Golden Entertainment Seen as Golden Opportunity Among Casino Stocks
Shares of Golden Entertainment (NASDAQ: GDEN) are off 15.15% year-to-date, and the stock labors 25% below its 52-week high. But some analysts remain bullish on the name. That group includes Truist Securities analyst Barry Jonas, who in a recent report to clients,...
