4509 stories by Todd Shriber
Bally’s Reportedly Facing Multiple Investigations, Including Feds, Over Chicago Casino
Bally’s efforts to bring a casino hotel to Chicago -- the city’s first such venue -- could be marred by multiple investigations, potentially including one by the US Attorney’s Office, into the process by which the company won the bidding competition. Crain’s...
Mark Cuban May Be Readying Adelson Son to One Day Run Mavericks
Soon-to-be Dallas Mavericks minority owner Mark Cuban is rumored to be preparing one of Sheldon and Dr. Miriam Adelson’s sons to eventually run the NBA franchise. A report by The New York Post indicates Cuban could be readying Matan Adelson to one...
LVS Says It’s Not Pursuing Major Loans for Marina Bay Sands Expansion
Reports surfaced Thursday that Las Vegas Sands (NYSE: LVS) is seeking up to $7.5 billion in loans to finance enhancements and expansion at Marina Bay Sands in Singapore. However, the gaming company denied it is looking for capital. In local currency terms,...
Las Vegas Strip Nongaming Revenue Proving Sturdy, Says Analyst
Nevada casino companies notched gross gaming revenue (GGR) of $1.315 billion in October, the best October on record and the sixth-best month in history. But contributions from the nongaming side lifted Las Vegas Strip operators. Strip operators, such as Caesars Entertainment (NASDAQ:...
DraftKings Received Preferred Treatment on Polygon Network – Report
In October 2021, DraftKings (NASDAQ: DKNG) announced a partnership with the cryptocurrency Polygon to support debuts on nonfungible tokens (NFTs) on DraftKings Marketplace. At the time of that announcement, Polygon, which is based on the ethereum blockchain, was the number 21 digital...
Miriam Adelson’s $2B Sale of Sands Stock Won’t Affect Macau Unit
Earlier this week, Dr. Miriam Adelson and the Miriam Adelson Trust announced a $2 billion sale of Las Vegas Sands (NYSE: LVS) stock, news that sent the stock careening lower. An analyst, however, says the transaction won't have any adverse effects on...
Kindred Departing North America, Could Spur Sale
Kindred Group (OTC: KNDGF) announced Wednesday that it’s leaving the North American market and cutting 300 jobs in a move some industry observers believe could spur a sale of the Swedish gaming company. The operator said its departure from North America should...
It’s Official: Miriam Adelson Taking Control of Dallas Mavericks
Following rampant speculation on Tuesday, Dr. Miriam Adelson and the Miriam Adelson Trust announced Wednesday that they have entered into a binding pact to acquire a majority share of the NBA’s Dallas Mavericks. Rumors surfaced Tuesday when Las Vegas Sands (NYSE: LVS),...
MGM CFO Halkyard Says F1 Broke Vegas Records, Sees More Share Buybacks
The November 18 Las Vegas Grand Prix, Formula One’s (F1) first visit to Sin City in four decades, delivered for Strip operators as the event represented the highest-grossing weekend in the history of MGM Resorts International (NYSE: MGM). Jonathan Halkyard, chief financial...
Miriam Adelson Using Sands Stock Cash to Buy Dallas Mavericks Majority
Dr. Miriam Adelson will reportedly use proceeds from a $2 billion sale of Las Vegas Sands (NYSE: LVS) equity and cash on hand to acquire what’s believed to be a majority interest in the NBA’s Dallas Mavericks. While the exact percentage of...
