4979 stories by Todd Shriber
Regional Casino Operators Face Challenging Growth Climate, Says Analyst
Regional casino are contending with what Deutsche Bank analyst Carlo Santarelli describes as a “slow bleed” when it comes to gross gaming revenue (GGR), indicating that the bulk of top-line growth for the group is being sourced via new venues, not same-store...
Sinclair Broadcast Group Selling 7.91 Million Bally’s Shares
Sinclair Broadcast Group (NASDAQ: SBGI), the operator of regional sports networks (RSNs) that bear the Bally’s (NYSE: BALY), is selling 7.91 million shares of the casino stock. In a Form S-3 filing with the Securities and Exchange Commission (SEC) released Friday, Bally’s...
Manhattan Community Board Questions Related Cos. Wynn Casino Plan
Manhattan Community Board 4 (MCB4) has questions about Related Cos.’ plans to develop the next phase of Hudson Yards on the west side of Manhattan, including a proposed casino hotel that would be operated by Wynn Resorts. In a recent letter, the...
Lottery.com Says it’s Regained Nasdaq Listing Compliance
Lottery.com (NASDAQ: LTRY), the formerly controversial online lottery provider, said Thursday it regained listing compliance with Nasdaq. That was accomplished after the gaming company maintained a minimum market value of publicly held shares (“MVPHS”) of at least $5 million over the past...
Flutter Leases Space at One Madison Avenue in New York
Flutter Entertainment (NYSE: FLUT) continues expanding its US footprint, recently inking a 12-year lease for 35,898 square feet on the 23rd floor at One Madison Avenue in New York City. That space will be occupied by one of the Dublin-based gaming company’s...
Fertitta Interested in Bringing NHL, WNBA Teams to Houston
Tilman Fertitta, the owner of the Golden Nugget casino empire, is interested in bringing NHL and WNBA franchises to Houston where he already owns the NBA’s Rockets. In a February interview with Bloomberg, Fertitta said he’s been in talks with the NHL...
MGM Target of FTC Investigation Following 2023 Hack
The fallout from the 2023 cybersecurity breach that wrought havoc on MGM Resorts International’s domestic operations continues as the Federal Trade Commission (FTC) is investigating the casino giant’s response to the hack. In January, the FTC issued a Civil Investigative Demand (CID)...
Century Casinos Sell-Off Overdone, Free Cash Flow Enticing, Says Analyst
Shares of Century Casinos (NASDAQ: CNTY) joined the broader gaming equity complex to the downside Wednesday as the March reading of the Consumer Price Index (CPI) came in higher than expected, indicating inflation is proving more persistent than economists hoped. That concerning...
Thailand Cabinet Approves Casinos, Finance Ministry on the Clock
Thailand’s Cabinet is backing a National Assembly committee study on the addition of regulated casino resorts in the country, putting the Ministry of Finance on a 30-day clock to respond with next steps. The decision emerged following the cabinet’s weekly meeting on...
Bally’s Should Sell Tropicana Rights, Takeover Unlikely, Says Analyst
Bally’s (NYSE: BALY) should consider selling its rights to the recently closed Tropicana Las Vegas to raise cash to support its Chicago casino hotel project, says an analyst. In a new report to clients, Colin Mansfield, vice president of credit research for...
