3120 stories by Todd Shriber
DraftKings Soars as Analysts Gush Over 2023 Outlook
On the back of a better-than-expected 2023 outlook, analysts fawned over DraftKings (NASDAQ: DKNG) stock today, contributing to a 15.33% jump on volume that was more than six times the daily average. That was good for one of the best intraday performances...
Penn Entertainment Completes Barstool Buy
Penn Entertainment (NASDAQ: PENN) completed its acquisition of Barstool Sports, acquiring the 64% of David Portnoy’s sports and entertainment media outlet it didn’t previously own for $388 million. The casino operator put the finishing touches on the transaction almost exactly three years...
Rio Back in Play as Potential Site of Las Vegas Baseball Stadium
Long-running rumors about the Rio Hotel & Casino Las Vegas potentially becoming the site of a Major League Baseball (MLB) stadium resurfaced Thursday. That added a third venue to the list of candidates that eventually may be the home ballpark for the...
DraftKings Jumps On Improved 2023 Guidance
DraftKings (NASDAQ: DKNG) surged in Thursday’s after-hours trading session after the online sportsbook operator revealed improved 2023 top and bottom-line guidance. The gaming company increased the midpoint of its 2023 revenue outlook to $2.95 billion from $2.9 billion while boosting the midpoint...
Aristocrat to Provide Online Casino Content to BetMGM
Aristocrat Leisure Ltd. and BetMGM announced Thursday that the slot machine manufacturer’s online unit will supply the gaming company with content for its internet casino. Aristocrat’s newly formed Anaxi business will deliver gaming content to the internet casino giant. Formed last year...
Caesars Expands Rewards Program in Quest for Times Square Casino
Caesars Entertainment and SL Green announced Thursday that the casino operator is expanding its customer loyalty program to accommodate New York City-area businesses. That's as the companies attempt to win approval to bring a gaming venue to Times Square. With more than...
Wynn Resorts Lands 24 Five-Star Awards on Forbes Travel List
Wynn Resorts cemented its status as the operator of some of the poshest integrated resorts in Asia and North America, commanding another 24 five-star awards in the 2023 edition of the Forbes Travel Guide (FTG). Those designations are spread across the operator’s...
Rio Owner Dreamscape Lands $850M in Financing, Eyes More Casino Deals
Dreamscape Companies, which owns the property assets of the Rio Hotel & Casino Las Vegas, has raised $850 million in capital. That paves the way for the real estate developer to broaden its footprint in the gaming industry. The New York-based real...
Monarch Casino Open to Mergers and Acquisitions
Monarch Casino & Resort (NASDAQ: MCRI) delivered fourth-quarter results late Wednesday. One of the more interesting tidbits to emerge could be the company signaling a willingness to consider mergers and acquisitions. Currently, the Reno-based regional casino operator owns just two gaming venues...
Boyd Boosts Quarterly Dividend by Nearly Seven Percent
Boyd Gaming (NYSE: BYD) announced today that it is increasing its quarterly dividend to 16 cents a share from 15 cents. The Las Vegas-based casino operator’s board of directors approved the raise, which works out to 6.66%. At the close of trading...
