Writer: Howard Stutz
New MGM Resorts cost reduction plan could add $300M to annual cash flow by 2021
Casino giant MGM Resorts International outlined a cost reduction, margin improvement plan Thursday that the gaming company said would lead... more
Caesars, NFL announce ‘first-ever’ sponsorship deal; sports betting not included
The announcement Thursday of a multi-year sponsorship deal between the National Football League and casino giant Caesars Entertainment is... more
Penn National, VICI complete Margaritaville Bossier City purchase
Penn National Gaming and VICI Properties said Wednesday the companies completed their joint $376 million acquisition of Margaritaville... more
Analysts: Annual double-digit Macau gaming revenue increases could be over
Macau’s second straight annual double-digit gaming revenue increase in 2018 – after three years of steep declines – might be short-lived... more
Sports betting provider SBTech appoints Gavin Isaacs as non-executive chairman
Sports betting technology provider SBTech named longtime gaming executive Gavin Isaacs as the company’s non-executive chairman Wednesday to... more
Wynn trademark infringement lawsuit against Resorts World Las Vegas seems overblown
For a nanosecond the other day, I thought Steve Wynn had returned to the helm of Wynn Resorts. How else can you explain the federal lawsuit... more
The Top Gaming Stories of 2018
Two stories dominated the gaming industry throughout 2018 – the Supreme Court ruling that legalized sports betting nationally, and the... more
Double-digit increase in Las Vegas gaming revenues gives investment community a Happy New Year
The investment community – rocked by the stock market’s ups and downs the past few weeks – expressed relief from Nevada’s November gaming... more
Deutsche Bank: Las Vegas locals markets continue to churn out gaming revenues
The Las Vegas locals casino market – primarily residential communities outside the tourism corridor – produces gaming revenues that would... more
Fitch Ratings analyst: Legal sports betting providing ‘knock-on’ benefit to casinos
Fitch Ratings Service told investors the growing legal U.S. sports betting market could provide $3 billion to $5 billion annually to... more
