DraftKings (NASDAQ: DKNG) could emerge as a significant buyer of its own shares over the next 10 years, potentially retiring up to $18 billion worth of stock, according to Morningstar analyst Dan Wasiolek. In a recent note, Wasiolek emphasized DraftKings’…
BetMGM, in partnership with slot and table game supplier AGS, has launched exclusive new titles in the fan-favorite Rakin’ Bacon! slot franchise. First-to-Market Launch The rollout begins at Borgata Hotel Casino & Spa in Atlantic City and MGM Grand Detroit.…
NFL futures are heating up, and according to Caesars Sportsbook Head of Football Joey Feazel, much of the early action is landing on the Detroit Lions and Buffalo Bills. Bills Lock In Cook Buffalo gave bettors another reason to back…
Fitch Ratings has reaffirmed Las Vegas Sands’ (NYSE: LVS) credit rating at “BBB-,” the lowest tier of investment grade, maintaining a “stable” outlook. The agency pointed to strong cash flow prospects and the performance of Marina Bay Sands in Singapore…
As expected, Genting Singapore and Melco Resorts & Entertainment (NASDAQ: MLCO) have officially advanced in Yokohama’s request for proposal (RFP) process, moving one step closer to securing one of Japan’s first three integrated resort (IR) licenses. Japan’s second-largest city announced…
The battle for Yokohama’s integrated resort (IR) license is down to two contenders — and Genting Singapore is making it clear it’s aiming to win. At the company’s recent annual meeting, it was revealed that part of Executive Chairman Tan…
Singapore’s two integrated resorts — Marina Bay Sands and Resorts World Sentosa — may not see full gaming revenue recovery until 2026, according to a new report from Bernstein analysts Vitaly Umansky, Louis Li, and Kelsey Zhu. The properties remain…
Singapore authorities have detained over 30 individuals in a series of coordinated raids targeting illegal gambling and unlicensed moneylending operations, according to local news outlet CNA. Ten suspects, ranging in age from 26 to 63, are scheduled to appear in…
Genting Singapore has begun shutting down its Japanese subsidiaries following its exit from the Yokohama integrated resort (IR) race. The move comes after the city officially dropped plans to host an IR, leaving Genting’s expansion efforts in Japan without a…
Genting Singapore has indicated that the reopening of Singapore’s borders to select international travelers is unlikely to significantly boost business at Resorts World Sentosa (RWS) in the near term. The company made the statement during the release of its Q3…
Singapore’s casino duopoly — Marina Bay Sands (MBS) and Resorts World Sentosa (RWS) — may soon face serious competition just across the border, as rumors swirl about a potential integrated resort in southern Malaysia’s Forest City. According to a Bloomberg…
Singapore has officially implemented changes to its gambling laws that will significantly increase tax obligations for casino operators. The updated Casino Control Act and the newly passed Gambling Duties Bill will introduce a more stringent and tiered tax structure, raising…