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☆ Thousands of casino workers go on strike in Detroit
▼ + stars: | 2023-10-17 | by ( Contessa Brewer | ) www.cnbc.com time to read: +3 min

The work stoppage targets operations at the MGM Grand Detroit; owned by MGM Resorts International , MotorCity Casino; and Hollywood Casino at Greektown, owned by Penn Entertainment . They are represented by the Detroit Casino Council, which is made up of five unions including the United Auto Workers. MotorCity Casino updated its website showing that high limit table games, poker room and casino valet were closed – as well as its spa and some restaurants and bars. The DCC argues casino workers agreed to a three-year contract during the pressure-packed earlier days of the Covid pandemic. "In 2022, the Detroit casino industry generated $2.27 billion in gaming revenue and is on track for another record-breaking year in 2023.

Persons: MotorCity, Matt Buckley, we've Organizations: MGM, Detroit, MGM Resorts International, MotorCity, Hollywood, Penn Entertainment, Detroit Casino Council, United Auto Workers, CNBC, MCC, MGM's Midwest Group, MGM Grand, MGM Grand Detroit, DCC Locations: Greektown, Michigan, MGM Grand Detroit, Detroit

☆ Thousands of Detroit casino workers threaten to go on strike on Tuesday
▼ + stars: | 2023-10-16 | by ( ) www.reuters.com time to read: +2 min

REUTERS/Rebecca Cook/File Photo Acquire Licensing RightsOct 16 (Reuters) - About 3,700 Detroit casino workers are set to strike on Tuesday noon, if a contract deal is not reached, the Detroit Casino Council (DCC) said on Monday. A strike will hit operations at MGM Grand Detroit operated by MGM Resorts International (MGM.N), MotorCity Casino and Hollywood Casino at Greektown operated by Penn Entertainment (PENN.O). On Sept. 29, 99% of voting workers from all unionized groups at the three Detroit casinos voted to authorize the DCC negotiating committee to call a strike. Industry gaming revenues have since surpassed pre-pandemic levels, with the Detroit casino industry generating $2.27 billion in 2022, as per the negotiating committee. The Culinary Workers and Bartenders Unions held a picket at Vegas properties of MGM Resorts and Caesars Entertainment last Thursday.

Persons: Rebecca Cook, Ananta Agarwal, Sriraj Organizations: REUTERS, Detroit, Detroit Casino Council, MGM Grand Detroit, MGM Resorts International, Hollywood, Penn Entertainment, DCC, Industry, Detroit Casino, UAW, Teamsters, Engineers, Michigan Regional, of Carpenters . Unions, MGM, Caesars Entertainment, Wynn Resorts, Culinary Workers, Bartenders Unions, MGM Resorts, Thomson Locations: Detroit , Michigan, Greektown, Detroit, U.S, Vegas, Bengaluru

☆ Las Vegas hospitality unions see 'no real movement' in talks with casinos
▼ + stars: | 2023-10-06 | by ( ) www.reuters.com time to read: +1 min

An exterior view of MGM Grand hotel and casino, after MGM Resorts shut down some computer systems due to a cyber attack in Las Vegas, Nevada, U.S., September 13, 2023. REUTERS/Bridget Bennett/File Photo Acquire Licensing RightsOct 6 (Reuters) - The unions representing 53,000 hospitality workers in Las Vegas said on Friday they have seen "no real movement" this week in contract negotiations with casino-resort operators MGM Resorts International (MGM.N) and Caesars Entertainment (CZR.O). "We met with MGM on Tuesday and Caesars on Wednesday and unfortunately, no real movement from these companies," said Culinary Union Secretary-Treasurer Ted Pappageorge. The unions are negotiating a new five-year contract at over 40 properties where the agreement has expired or is under extension. Reporting by Doyinsola Oladipo in New York and Shivansh Tiwary in Bengaluru; Editing by Shinjini GanguliOur Standards: The Thomson Reuters Trust Principles.

Persons: Bridget Bennett, Ted Pappageorge, Pappageorge, Doyinsola Oladipo, Shinjini Organizations: MGM, MGM Resorts, REUTERS, MGM Resorts International, Caesars Entertainment, Culinary Workers, Caesars, Culinary Union, Wynn Resorts, Reuters, Thomson Locations: Las Vegas , Nevada, U.S, Las Vegas, New York, Bengaluru

☆ PepsiCo is among the most oversold S&P 500 stocks. Here are the others
▼ + stars: | 2023-10-06 | by ( Pia Singh | ) www.cnbc.com time to read: +4 min

The S & P 500 entered Friday's session down for the week, but a 1% rally put it on track to snap a four-week slide. Here are some of the most oversold names: PepsiCo is one of the most oversold companies in the S & P 500, scoring an RSI of 5.7 and a consensus price target implying more than 26% upside. Other oversold stocks include utility company NextEra Energy , hospitality and entertainment company MGM Resorts International and financial services firm State Street . Here are the 10 most overbought stocks in the S & P 500: Activision Blizzard made the list, with an RSI of 74.15. Pharmaceutical company McKesson and risk management software provider Assurant are also among the most overbought companies in the S & P 500.

Persons: Christopher Horvers, Activision Blizzard, UnitedHealth, it's Organizations: Group, PepsiCo, Dow Jones, CNBC Pro, Wall Street, Gatorade, Barclays, JPMorgan, HSBC, NextEra Energy, MGM Resorts International, Activision, Microsoft, Activision Blizzard, . Pharmaceutical, Seagate Technology Locations: overbought

☆ Casino giant MGM expects $100 mln hit from hack that led to data breach
▼ + stars: | 2023-10-05 | by ( ) edition.cnn.com time to read: +2 min

One of the world’s largest gambling firms, MGM shut down its systems after detecting the attack to contain damage, it said. It expects to also incur less than $10 million as a related one-time cost in the quarter ended on Sept. 30. After the attack last month, customers posted social media images showing slot machines with error messages and queues at hotels in Las Vegas. The private data of customers who used MGM services before March 2019, including contact information, gender, date of birth and driver’s license numbers, was breached, the company said. The MGM data breach, which the FBI is investigating, is a vivid example of how large organizations remain vulnerable to cybercrime.

Persons: “, ” Organizations: MGM Resorts, MGM, Social Security, FBI, Las, ” MGM, Las Vegas Strip, Formula Locations: Las Vegas

☆ Clorox, reeling from cyberattack, expects quarterly loss
▼ + stars: | 2023-10-04 | by ( ) www.reuters.com time to read: +2 min

Bottles of Clorox bleach are displayed for sale on the shelves of a Wal-Mart store in Rogers, Arkansas, June 4, 2009. "The company expects to experience ongoing, but lessening, operational impacts in the second quarter as it makes progress in returning to normalized operations," it said in a statement. A Clorox spokesperson said the company had informed law enforcement about the attack but had no further comment. The company expects a loss per share of between 35 cents and 75 cents in the quarter ended on Sept. 30, and for net sales to fall by 23% to 28% from a year earlier. "The impact from the cybersecurity attack more than offset the benefits of pricing, cost savings and supply chain optimization," Clorox said.

Persons: Jessica Rinaldi, Clorox, Savyata Mishra, Zeba Siddiqui, Shilpi Majumdar, Tom Hogue Organizations: REUTERS, cyberattacks, MGM Resorts International, Caesars Entertainment, Reuters, MGM, Caesars, Bloomberg, FBI, Thomson Locations: Rogers , Arkansas, U.S, Oakland , California, Bengaluru, San Francisco

☆ Hospitality workers, Las Vegas casinos in crunch time for labor talks
▼ + stars: | 2023-10-03 | by ( Doyinsola Oladipo | ) www.reuters.com time to read: +3 min

[1/2] A press conference as members of the Culinary Workers Union Local 226 ahead of 2020 presidential election in Las Vegas, Nevada, U.S., February 13, 2020. Workers are negotiating for a new five-year contract to boost wages and benefits as tourism in Las Vegas recovers from depressed visitor levels during the pandemic. The Las Vegas unions are among the most powerful in the United States, covering workers that wait tables, clean hotel rooms and prepare food. Over 3.3 million people visited Las Vegas in August 2023, a 7% decrease from levels during the same period in 2019 before the pandemic, according to data from the Las Vegas Convention and Visitors Authority. About 95% of hospitality workers voted on Sept. 26 to authorize a strike across 22 properties on the Las Vegas Strip.

Persons: Eric Thayer, Ted Pappageorge, Wynn, Pappageorge, they’d, Barry Jonas, Jonas, Doyinsola Oladipo, David Gaffen, Aurora Ellis Organizations: Culinary Workers Union Local, REUTERS, Vegas, MGM Resorts International, Caesars Entertainment, Wynn Resorts, Workers, Las, Las Vegas Convention, Visitors Authority, MGM Resorts, Caesars, housekeepers, MGM, Wynn, Thomson Locations: Las Vegas , Nevada, U.S, Las Vegas, United States, New York

☆ Clorox says production sites back up after August cyberattack
▼ + stars: | 2023-09-29 | by ( ) www.reuters.com time to read: +1 min

Sept 29 (Reuters) - Clorox (CLX.N) said on Friday all its manufacturing facilities resumed operations and it is ramping up production to restock inventories after a cyberattack last month disrupted the bleach maker's business. Clorox began transitioning back to automated order processing earlier this week, the producer of Pine-Sol cleaner said, adding that it would also maximize shipping and was working to fully restore operations back to normal. It comes after the company last week warned of a material impact on its first-quarter results due to shipping delays caused by the incident. Cybersecurity attacks have also hit other companies in recent weeks. Reporting by Deborah Sophia in Bengaluru; Editing by Shweta AgarwalOur Standards: The Thomson Reuters Trust Principles.

Persons: Clorox, Deborah Sophia, Shweta Agarwal Organizations: Casino, MGM Resorts International, Caesars Entertainment, Thomson Locations: Bengaluru

LAS VEGAS (AP) — Tens of thousands of hospitality workers who keep the iconic casinos and hotels of Las Vegas humming were set to vote Tuesday on whether to authorize a strike amid ongoing contract negotiations. The Culinary Workers Union, a political powerhouse in Nevada, hasn't gone on strike in more than three decades. Some 53,000 housekeepers, cocktail and food servers, porters, cooks and bartenders in Las Vegas are taking part. The Culinary Union is the largest labor union in Nevada with about 60,000 members in Las Vegas and Reno. Last summer, the casino workers’ union in Atlantic City negotiated landmark contracts that gave workers the biggest raises they’ve ever had.

Persons: There's, Joe Biden, hasn't, aren’t, ” Ted Pappageorge, It’s Organizations: LAS VEGAS, United Auto Workers, Culinary Workers Union, Las, MGM Resorts International, Caesars Entertainment, MGM Resorts, Caesars, UPS, Workers, Culinary, MGM Grand, Atlantic, Atlantic City Locations: Vegas, Michigan, Nevada, Las Vegas, walkouts, Hollywood, Reno, Bellagio, Mandalay Bay, Harrah's, Atlantic City

LAS VEGAS (AP) — A worker who died during the weekend of an injury received at a temporary Formula One Las Vegas Grand Prix grandstand construction site at the Bellagio resort fountains was identified Monday by authorities. The death of Tizoc Antonio, 37, of Las Vegas, was accidental, the Clark County coroner’s office said. Las Vegas police reported Saturday the worker was pronounced dead at University Medical Center after receiving what was described as a “severe laceration” on his neck. Political Cartoons View All 1179 ImagesThe Las Vegas Review-Journal reported that tickets were priced at more than $11,000 per person for the spectator space in front of the Bellagio. Representatives with Bellagio casino operator MGM Resorts International and the Las Vegas Grand Prix did not respond Monday to email and telephone requests for comment.

Persons: Tizoc Antonio, Teri Williams, ” Organizations: LAS VEGAS, Las, Nevada Occupational Safety, Health, Vegas, University Medical, Bellagio, One, Bellagio ., MGM Resorts International, Las Vegas Locations: Bellagio, Las Vegas, Clark County, Nevada, Vegas

LAS VEGAS (AP) — Normal operations are back at all of the casinos and hotels run by MGM Resorts International in the U.S., the company said Wednesday, 10 days after a cyberattack led the company to shut down reservation and credit card processing in an effort to protect its data. In statements posted to X, formerly known as Twitter, the company said resort services, dining, entertainment, pools and spas were operational. It also said its website and phone app were taking dining and spa reservations while the company works to restore hotel booking and loyalty reward functions. Details about the extent of the data breach were not immediately disclosed, including what information may have been compromised and how much the break-in cost the company. Casino company Caesars Entertainment was also hit by a cyberattack, although it said casino and online operations were not disrupted.

Persons: ” Organizations: LAS VEGAS, —, MGM Resorts International, Twitter, Casino, Caesars Entertainment, Securities and Exchange Commission, Social Locations: U.S, Reno

☆ Hackers who breached casino giants MGM, Caesars also hit 3 other firms, Okta says
▼ + stars: | 2023-09-19 | by ( Zeba Siddiqui | ) www.reuters.com time to read: +3 min

David Bradbury, chief security officer of the identity management company Okta, said five of the company's clients, including MGM and Caesars, had fallen victim to hacking groups known as ALPHV and Scattered Spider since August. In an interview with Reuters, Bradbury didn't name the other companies, but said Okta was cooperating with official investigations into the breaches. "We've seen consistently over the past six to 12 months, a ramp up in these types of attacks," Bradbury said. Bradbury said the group had breached into MGM and obtained access to its Okta client, which allowed it further access to more credentials in the identity management firm's system. Bradbury said Mandiant's description of the group's tactics aligned with what Okta had observed in the recent hacks.

Persons: Bridget Bennett, David Bradbury, Bradbury didn't, Okta, Bradbury, We've, ALPHV, Google's, Zeba Siddiqui, Michael Perry Organizations: MGM, MGM Resorts, REUTERS, FRANCISCO, MGM Resorts International, Caesars Entertainment, Caesars, Reuters, Google's Mandiant Intelligence, Thomson Locations: Las Vegas , Nevada, U.S, Las Vegas, Macau, San Francisco, United States

☆ FTC Chairwoman Lina Khan reportedly had to write her credit card number on a piece of paper to check in at the MGM Grand when its computers were down in the cyberattack
▼ + stars: | 2023-09-16 | by ( Jordan Hart | ) www.businessinsider.com time to read: +2 min

MGM Resorts suffered a cyberattack that affected its reservation system and casino games. Guests trying to check in at the MGM Grand Hotel in Las Vegas had to do so manually. Among those 45 patrons was FTC chairwoman Lina Khan, the outlet reported. The FTC didn't immediately respond to Insider's request for comment, but a spokesperson for the agency confirmed to Bloomberg that Khan was in Las Vegas. AdvertisementAdvertisement"MGM Resorts recently identified a cybersecurity issue affecting some of the Company's systems," a statement on MGM Resorts International's website reads.

Persons: Lina Khan, Khan, shrugged, FTC didn't Organizations: MGM Resorts, MGM, Service, Federal Trade Commission, Las, Bloomberg, Caesars Entertainment, FTC Locations: Las Vegas, Wall, Silicon

That's odd, she thought, then toggled over to Facebook to search for clues about the issue on a group for MGM Resorts International loyalty members. There, she learned that the largest casino owner in Las Vegas had fallen victim to a cybersecurity breach. The situation entered its sixth day on Friday, with booking capabilities still down and MGM Resorts offering penalty-free room cancelations through Sept. 17. The security attacks that triggered an FBI probe shatter a public perception that casino security requires an “Oceans 11”-level effort to defeat it. It's true, Kim said, that casino giants like MGM Resorts and Caesars are protected by sophisticated — and expensive — security operations.

Persons: Dulce Martinez, Martinez, “ It’s, ”, Brian Ahern, Yoohwan Kim, Kim, ” Kim, Tony Anscombe, ESET, cybercriminals, ” Anscombe, “, ” ___ Parry, Ty O'Neil Organizations: LAS VEGAS, Facebook, MGM Resorts International, MGM Resorts, Associated Press, Entertainment, University of Nevada, Caesars, San, Las, MGM, UNLV, Associated Locations: Las Vegas, Los Angeles, San Diego, Atlantic City

LAS VEGAS (AP) — Casino company Caesars Entertainment on Thursday joined Las Vegas gambling rival MGM Resorts International in reporting that it was hit by a cyberattack, but added in a report to federal regulators that its casino and online operations were not disrupted. Caesars is the largest casino owner in the world, with more than 65 million Caesars Rewards members and properties in 18 states and Canada under the Caesars, Harrah’s, Horseshoe and Eldorado brands. MGM Resorts said reservations and casino floors in Las Vegas and other states were affected. MGM Resorts has has about 40 million loyalty rewards members and tens of thousands of hotel rooms in Las Vegas at properties including the MGM Grand, Bellagio, Aria and Mandalay Bay. Some MGM Resorts computer systems were still down Thursday, including hotel reservations and payroll.

Persons: “, ”, ” Brett Callow, Emsisoft, Callow, Charles Carmakal, ” Carmakal, Mandiant, ” Mandiant, Brian Ahern, pinky, ’ ”, Frank Bajak Organizations: LAS VEGAS, —, Caesars Entertainment, Las, MGM Resorts International, Securities and Exchange Commission, Social, New, MGM Resorts, “, Caesars, Associated Press, SEC, MGM, Aria, FBI, CNA Financial Locations: Las Vegas, Reno, New Zealand, Russia, U.S, Canada, Harrah’s, Eldorado, Mandalay, China, Macau, British Columbia, Boston

☆ Caesars Entertainment paid heavy ransom after cyberattack - Bloomberg News
▼ + stars: | 2023-09-13 | by ( ) www.reuters.com time to read: 1 min

Sept 13 (Reuters) - Caesars Entertainment (CZR.O) paid millions of dollars to hackers who broke into the company's systems and threatened to leak data, Bloomberg News reported on Wednesday, citing two people familiar with the matter. The hackers, allegedly known as Scattered Spider or UNC 3944, started targeting Caesars as early as Aug. 27, according to the people. Caesars did not immediately respond to a Reuters request for comment. Earlier this week, MGM Resorts International (MGM.N) said it had shut down some of its computer systems due to cybersecurity issues. Reporting by Seher Dareen in Bengaluru; Editing by Shailesh KuberOur Standards: The Thomson Reuters Trust Principles.

Persons: Seher, Shailesh Organizations: Caesars Entertainment, Bloomberg, UNC, Caesars, MGM Resorts International, Thomson Locations: Bengaluru

NEW YORK, Sept 13 (Reuters) - Rating agency Moody's has warned that a recent data breach at gaming company MGM Resorts International (MGM.N) could negatively impact the company's credit. Moody's said that while casino floors were back in action, the incident "highlights key risks related to (MGM's) business operations' heavy reliance on technology and the operational disruption caused when systems need to go offline or are inoperable." Messages seeking comment from MGM, the FBI and the U.S. cybersecurity watchdog agency CISA were not immediately returned. MGM Resorts' website was "currently unavailable," according to a holding message posted to the group's homepage. Reporting by Raphael Satter; Editing by David HolmesOur Standards: The Thomson Reuters Trust Principles.

Persons: Moody's, extortionists, Raphael Satter, David Holmes Organizations: MGM Resorts International, MGM, FBI, U.S, MGM Resorts, Thomson Locations: Las Vegas

☆ MGM Resorts is facing 'ongoing' cyberattack that sent reservation and booking systems offline
▼ + stars: | 2023-09-12 | by ( Rohan Goswami | In Rohangoswamicnbc | ) www.cnbc.com time to read: +3 min

People walk in front of the MGM Resorts International Bellagio Resort & Casino in Las Vegas, Nevada, on Tuesday, March 17, 2020. Reservation systems, booking systems, hotel electronic key card systems, and the casino floors were all apparently impacted by the outage. MGM operates thousands of hotel rooms across Las Vegas and the United States. Revenue from their hotel rooms in Las Vegas outstrips the revenue directly attributed to their casino operations, according to SEC filings. The company reported Las Vegas rooms revenue of $706.7 million for the quarter ended June 30, compared to casino revenue of $492.2 million for the same period.

Organizations: MGM Resorts, Bellagio, MGM, Revenue, SEC, FBI, Department of Homeland Security Locations: Las Vegas , Nevada, Las Vegas, United States, Vegas

☆ MGM Resorts shuts down some computer systems after cyber attack
▼ + stars: | 2023-09-11 | by ( ) www.reuters.com time to read: 1 min

Sept 11 (Reuters) - MGM Resorts International (MGM.N) has shut down some of its computer systems due to cybersecurity issues, according to a post on the company's website on Monday. The casino and hotel giant is investigating the matter with assistance from external cybersecurity experts and has informed law enforcement agencies. In addition to its physical systems, MGM's official website is also down, with phone numbers provided to reach its hotels and reservation system. Reporting by Pritam Biswas in Bengaluru; Editing by Devika SyamnathOur Standards: The Thomson Reuters Trust Principles.

Persons: Pritam Biswas, Devika Organizations: MGM Resorts International, Thomson Locations: Bengaluru

LAS VEGAS (AP) — A “cybersecurity issue” led to the shutdown of some casino and hotel computer systems at MGM Resorts International properties across the U.S., a company official reported Monday. “MGM Resorts recently identified a cybersecurity issue affecting some of the company’s systems," the company said in a statement that pointed to an investigation involving external cybersecurity experts and notifications to law enforcement agencies. The nature of the issue was not described, but the statement said efforts to protect data included “shutting down certain systems." A post on the company website said the site was down. The company has tens of thousands of hotel rooms in Las Vegas at properties including the MGM Grand, Bellagio, Cosmopolitan, Aria, New York-New York, Park MGM, Excalibur, Luxor, Mandalay Bay and Delano.

Persons: ”, Brian Ahern Organizations: LAS VEGAS, MGM Resorts, MGM, Bellagio, Cosmopolitan, Park MGM Locations: U.S, Las Vegas, Maryland , Massachusetts, Michigan , Mississippi , New Jersey , New York, Ohio, Nevada, , New York, New York, Luxor, Mandalay Bay, Delano, China, Macau

☆ Cybersecurity issue prompts computer shutdowns at MGM Resorts properties across US
▼ + stars: | 2023-09-11 | by ( ) www.cnbc.com time to read: +1 min

The Bellagio hotel and casino in Las Vegas, Nevada, on Friday, July 28, 2023. A "cybersecurity issue" led to the shutdown of some casino and hotel computer systems at MGM Resorts International properties across the U.S., a company official reported Monday. "MGM Resorts recently identified a cybersecurity issue affecting some of the company's systems," the company said in a statement that pointed to an investigation involving external cybersecurity experts and notifications to law enforcement agencies. The nature of the issue was not described, but the statement said efforts to protect data included "shutting down certain systems." The company has tens of thousands of hotel rooms in Las Vegas at properties including the MGM Grand, Bellagio, Cosmopolitan, Aria, New York-New York, Park MGM, Excalibur, Luxor, Mandalay Bay and Delano.

Persons: Brian Ahern Organizations: MGM Resorts, MGM, Bellagio, Cosmopolitan, Park MGM Locations: Bellagio, Las Vegas , Nevada, U.S, Las Vegas, Maryland , Massachusetts, Michigan , Mississippi , New Jersey , New York, Ohio, Nevada, , New York, New York, Luxor, Mandalay Bay, Delano, China, Macau

☆ Wall Street says these gaming stocks have big upside as NFL kick-off boosts interest
▼ + stars: | 2023-09-08 | by ( Jesse Pound | In Jesse-Pound | ) www.cnbc.com time to read: +3 min

The NFL season began on Thursday, with the Detroit Lions defeating the Kansas City Chiefs. The gaming stocks listed below have buy ratings from more than 60% of analysts and upside to the average price target of greater than 20%, according to FactSet. Caesar's Entertainment has the most upside on the list, with an average price target 37% above its most recent closing price. Barclays analyst Brandt Montour said in a Sept. 7 note to clients that Caesar's could see a boom in non-sports online gambling. DraftKings is Needham's top pick in gaming, though the average analyst price target on the stock is below 20%.

Persons: Brandt Montour, We're, Montour, skews, Churchill, FactSet, DraftKings, Needham, DKNG, Bernie McTernan, — CNBC's Michael Bloom Organizations: NFL, Wall Street, Detroit Lions, Kansas City Chiefs, Caesar's Entertainment, Barclays, MGM Resorts International, Kentucky Derby Locations: U.S, 3Q23

The UAE introduced a new regulatory body to oversee commercial gaming on Monday, made up of casino and gambling experts from the United States. Gambling is currently illegal in the UAE, where some laws are based on the Quran, which forbids the practice. The new federal body, called the General Commercial Gaming Regulatory Authority (GCGRA), would create a “regulatory framework for a national lottery and commercial gaming,” according to Emirati state media WAM. “[GCGRA will] facilitate unlocking the economic potential of commercial gaming responsibly,” WAM said. “I look forward to establishing a robust regulatory body and framework for the UAE’s lottery and gaming industry,” Mullally said on his new appointment, according to WAM.

Persons: ” WAM, Kevin Mullally, Jim Murren, Mullally, ” Mullally, Ras Al Khaimah, Craig Billings, ” Billings Organizations: Abu Dhabi CNN —, United Arab, Gaming Regulatory Authority, Industry, MGM Resorts International, MGM, Gaming Laboratories, Wynn Resorts, United, WYNN, Wynn Hotels, Global, Caesars Entertainment, Royal, Royal Caribbean Cruise, UAE, Costa Cruises, Bloomberg Locations: Abu Dhabi, United Arab Emirates, UAE, United States, Ras Al, Dubai, Royal Caribbean, Singapore

☆ The NFL season is almost here. These stocks could benefit — for a few days
▼ + stars: | 2023-09-03 | by ( Jesse Pound | In Jesse-Pound | ) www.cnbc.com time to read: +2 min

The 2023 season starts on Sept. 7, with the defending Super Bowl champion Kansas City Chiefs hosting the Detroit Lions. The next few days could be a good short-term trading opportunity for the sports betting stocks, according to a Wednesday note from the Bank of America consumer trading desk. "Online Gaming stocks have a history of rallying into and on the start of NFL Season, though less so after," the note said. The biggest pure-play online sports betting stock in the U.S. is DraftKings , with a market cap of more than $12 billion. DKNG YTD mountain DraftKing's stock price has more than doubled in 2023.

Persons: Refinitiv, BETZ, — CNBC's Michael Bloom Organizations: NFL, Super Bowl, Kansas City Chiefs, Detroit Lions, Bank of America, Wall, Ceasars Entertainment, MGM Resorts International, Penn Entertainment, ESPN, iGaming Locations: U.S, Barstool

☆ Comeback kids: These stocks could be ready to regain their 2023 momentum after rough August
▼ + stars: | 2023-08-30 | by ( Sarah Min | ) www.cnbc.com time to read: +2 min

As investors turn the page on a rough August, CNBC Pro found stocks that are set for comeback if the market regains its footing. Investors are in the last week of what has been a difficult month for stocks. CNBC Pro surfaced some stocks that could be due for a comeback. A slew of travel and entertainment names surfaced on the list. Expedia Group , MGM Resorts International and Wynn Resorts were other travel stocks that surfaced on the list.

Persons: David Sneddon, It's, Vivek Arya, Ralph Lauren, Jay Sole, — CNBC's Michael Bloom Organizations: CNBC Pro, Nasdaq, Investors, Wall Street, American Airlines Group, Caesars Entertainment, Cruise Line Holdings, Cruise, Expedia, MGM Resorts International, Wynn Resorts, Technology, Bank of America, UBS Locations: Beta

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