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This Startup May Be The Future Of Online Gambling And Retail Investors Can Get A Piece Of The Action
Tuesday, February 22, 2022 - 5:19pm | 582XR Casino is a Metaverse-ready technology startup that has designed a solution to help casinos and sports betting companies compete in the prospering online gambling sector. The Company XR Casino is one of the first technology startups to specialize in cross-technology Extended Reality (XR) gaming...
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6 Months After Roping In Shaq For Promotions, Wynn Is Reportedly Putting Its Sports Betting App On Sale At Steep Discount
Monday, January 24, 2022 - 2:02am | 373Wynn Resorts, Limited (NASDAQ: WYNN) is reportedly selling its online sports betting unit Wynn Interactive at a steep discount. What Happened: The Las Vegas-based casino company has cut the asking price of the WynnBet gaming app operator to $500 million, which is significantly lower than the $3...
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MGM Resorts International: 52-Week High Recently Eclipsed
Monday, September 27, 2021 - 12:58pm | 742The following post was written and/or published as a collaboration between Benzinga’s in-house sponsored content team and a financial partner of Benzinga. MGM Resorts International (NYSE: MGM) traded today at a new 52-week high of $46.03. Approximately 4.2 million shares have changed hands...
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Watch For Continued Gains In Shares Of Caesars Entertainment Inc.
Thursday, September 23, 2021 - 1:16pm | 728The following post was written and/or published as a collaboration between Benzinga’s in-house sponsored content team and a financial partner of Benzinga. Caesars Entertainment Inc. (NASDAQ: CZR) traded at a new 52-week high today of $114.60. Approximately 145,000 shares have changed hands...
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EXCLUSIVE: Golden Matrix Q2 Sales Jumps 200%, Kicks Off Launch Of Aggregate Gaming System
Thursday, August 12, 2021 - 7:45am | 211Gaming technology company Golden Matrix Group Inc (OTC: GMGI) reports Q2 FY21 sales tripled to over $3 million from $1.05 million a year ago. Additionally, Golden Matrix has begun to roll out its aggregate gaming system with its first gaming operator in Asia-Pacific. Another 14 operators...
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Caesars Palace Launches Multimillion-Dollar Renovations To Las Vegas Property
Tuesday, July 6, 2021 - 12:45pm | 444Caesars Entertainment, Inc. (NASDAQ: CZR) announced its Caesars Palace resort is undergoing a multimillion-dollar renovation to the original main entrance, main casino and porte-cochère. What’s Happening: The “main entrance to the property will be entirely rebuilt from the...
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Ladbrokes Owner Entain Says MGM $11B Takeover Bid 'Significantly Undervalues Company'
Monday, January 4, 2021 - 8:04am | 633MGM Resorts International (NYSE: MGM) offered to acquire its BetMGM partner, Entain Plc (OTC: GMVHY), for consideration of £8.09 billion (roughly $11.06 billion), according to a Wall Street Journal publication. Entain has rejected the offer arguing that it...
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Why Cramer Is Bullish On Casino Stocks For 2021
Tuesday, December 15, 2020 - 12:48pm | 362Casinos should have a "huge year" in 2021, and the stocks will be up against very easy comparisons, CNBC's Jim Cramer said Monday on "Mad Money." What Happened: The U.S. joined a handful of other countries in beginning the distribution of a vaccine against the novel...
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Penn National CEO Talks Q2 Earnings
Friday, August 7, 2020 - 2:26pm | 421Penn National Gaming, Inc (NASDAQ: PENN) reported second-quarter results that look much different than the prior quarter when all 41 of its properties were closed, Penn National Gaming CEO Jay Snowden said on CNBC. From 41 Shutdowns To 2: During Penn's second quarter, all but two of the...
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Why Las Vegas Buffets Still Offer An 'Amazing Experience'
Monday, July 6, 2020 - 11:30am | 614The vibrant city of Las Vegas came to a halt in March, and many wondered if it would look the same once it reopened. It would be reasonable to assume that the era of packed casinos, crowded clubs and pools and people grabbing food shoulder-to-shoulder ate one of the many buffets in Vegas...
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Las Vegas Casino Workers Sue Resort Owners Alleging Inadequate COVID-19 Safety Measures
Tuesday, June 30, 2020 - 8:57am | 427Casino workers are suing MGM Resorts International (NYSE: MGM) and Caesars Entertainment Corporation (NASDAQ: CZR), alleging failure to protect employees from the new coronavirus. What Happened On Monday, the workers filed a lawsuit in the U.S. District Court in Las Vegas claiming that...
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Buyout Hopes Raised As Blackstone Picks Up $360M Stake In Australian Casino Operator Crown
Wednesday, April 29, 2020 - 5:27am | 380Blackstone Group Inc. (NYSE: BX), a private equity company, has purchased a 10% stake in Australia based casino operator Crown Resorts, leading to a sharp spike in Crown’s shares. What Happened Blackstone acquired the stake from Macau based Melco Resorts & Entertainment Ltd. (NASDAQ: MLCO...
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MGM Resorts To Stop Serving Buffets In Las Vegas Properties Amid Coronavirus Outbreak
Tuesday, March 10, 2020 - 10:28pm | 390MGM Resorts International (NYSE: MGM) will stop serving buffets at all its properties in Las Vegas. What Happened MGM Resorts announced that all 9 of its properties, including MGM Grand, The Mirage, Luxor, Bellagio, and others, would stop serving buffets to customers starting Sunday reported Fox...
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Airlines, Casino Stocks Come Under Additional Pressure On Painful Data From China
Monday, March 2, 2020 - 10:45am | 2475Climbing out of this ditch is going to be an uphill battle. That’s the takeaway after a night when futures on the Dow Jones Industrial Average ($DJI) traded in a huge range of 1,000 points and struggled to find footing. Markets were all over the place overnight as people continue trying to...
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Genting Buys Out Empire Resorts At 15% Premium
Monday, August 19, 2019 - 10:41am | 370Kien Huat Realty III Limited and Genting Malaysia Berhad is acquiring the remaining shares of Empire Resorts, Inc. (NASDAQ: NYNY) for $9.74 in cash per share of common stock, The purchase price represents a premium of approximately 15% over the Aug. 16 closing price of Empire...