3990 stories by Todd Shriber
Casino Operators Can Endure Economic Downtown, But Some at Risk
Casino operators and gaming suppliers are positioned to weather a recession -- should one arrive -- but some could be vulnerable to economic contraction. That’s the take of Fitch Ratings, which noted in a recent report that casino operators can deal with...
DraftKings Wins Class Action Suit Stemming from SBTech Buy
DraftKings (NASDAQ: DKNG) scored a legal victory Tuesday when a federal court ruled investors didn’t adequately prove claims of impropriety related to the gaming company’s acquisition of technology provider SBTech. Judge Paul Engelmayer of the United States District Court for the Southern...
Steve Cohen Says Gaming Could Be Part of Willets Point Development Plans
In the clearest remarks yet about the possibility of Citi Field-area development including a casino-hotel, New York Mets owner Steve Cohen said gaming could be on the table. The hedge fund billionaire hosted a “visioning session” Saturday at the home stadium of...
MGM Sued by Ex-Aria Employee Over Vaxx Mandate, Claims Religious Exemption
Matthew Backes, a former food and beverage staffer at Aria Resort & Casino on the Las Vegas Strip, is suing his former employer. He alleges his civil rights were violated because he was terminated by refusing to take a coronavirus vaccine based...
‘Coalition For Better Times Square’ Announces Support of Caesars Casino
Amid a spate of looming show closures, the "Coalition For a Better Times Square" is throwing its support behind a controversial casino project in the New York theater district. In a statement released today, the coalition noted 16 shows affecting 39% of...
MSGE Could Use Tao Sale Cash to Fund Sphere Completion, Says Analyst
Madison Square Garden Entertainment (NYSE: MSGE) is reportedly mulling the sale of Tao Group, proceeds of which could be used to offset ballooning costs tied to the MSG Sphere on the Las Vegas Strip. Earlier this week, The New York Post reported...
MGM Upgraded, Penn Downgraded, Wynn Top Idea in Stifel 2023 Gaming Coverage
The early innings of 2023 are bringing about a fresh round of commentary from sell-side analysts, with Stifel’s Steven Wieczynski chiming in on a variety of familiar names. In a new note to clients, Wieczynski unveils constructive comments on Las Vegas Strip...
Queens Civic Congress Against Citi Field Casino Plan
A major civic group in the borough of Queens said it doesn’t want a gaming venue coming to the Willets Point area near Citi Field. That comes just days after New York opened the request for application (RFA) process for three downstate...
Publicly Traded Sports Betting Firm Could Go Private in 2023, Says Research Firm
Less than three years removed from a flurry of initial public offerings (IPOs) by companies with ties to the sports betting industry, it’s possible that at least one of those firms goes private this year. That’s the sentiment of research firm Eilers...
Sands Focusing on Nassau County in New York Casino Bid
Las Vegas Sands (NYSE: LVS) could focus its New York City-area casino efforts on Nassau County -- a densely populated area of western Long Island that borders the borough of Queens. Late Tuesday, New York opened the request for applications (RFA) process...
