5081 stories by Todd Shriber
Gaming CEOs Mostly Bullish, But See Some Challenges
Gaming chief executive officers (CEOs) are mostly constructive on the near-term outlook for the industry while holding more enthusiastic attitudes about long-term trends. A recent survey by the American Gaming Association (AGA) indicates 94% of gaming CEOs queried view the current business...
Caesars Open to Selling ‘Non-Core’ Casinos to Reduce Debt
Shares of Caesars Entertainment (NASDAQ: CZR) rebound Wednesday from a post-earnings report slide late Tuesday and the gaming company’s reiterated commitment to reducing debt could be one reason behind today’s bounce back by the stock. Caesars has been using excess free cash...
Caesars Q1 Results Miss Estimates as Regional Casinos, Sports Betting Lag
Shares of Caesars Entertainment (NASDAQ: CZR) slumped during Tuesday’s after-hours session, extending declines following a 4.7% drop during normal trading hours after the casino operator posted first-quarter results that badly missed Wall Street forecasts. The Harrah’s operator said it lost 73 cents...
DraftKings, Everi Among Gaming Companies on Best Places to Work List
DraftKings and Everi are among the gaming companies appearing on the 2024 version of Energage’s "Top Workplaces USA 2024" list. For Everi, a Las Vegas-based gaming device manufacturer and fintech firm, this year marks its third consecutive appearance on the rankings. Everi,...
Tipico Mulling Sale of US Sportsbook, MGM Rumored Suitor
German sportsbook operator Tipico is reportedly evaluating a sale of its US operations and rumors are circulating that MGM Resorts International (NYSE: MGM) could be a suitor. Tipico is majority owned by CVC Capital Partners and some media reports suggest the private...
Cracks Emerging on Las Vegas Strip Says Analyst
Las Vegas Strip casino hotels have experienced a torrid pace of recovery following the darkest days of the coronavirus pandemic, but there are signs lethargy is setting in. In a note to clients on Tuesday, Deutsche Bank analyst Carlo Santarelli said some...
DraftKings Spent $2.2 Million on Security, Travel for Jason Robins, $61K on Event Tickets
DraftKings (NASDAQ: DKNG) spent more than $2.22 million on air travel and security expenditures for co-founder and CEO Jason Robins in 2023, and the perks the gaming company lavished upon high-ranking executives don’t end there. The $2.22 million the sportsbook operator doled...
Caesars Appoints Kim Harris Jones to Board of Directors
Caesars Entertainment (NASDAQ: CZR) today announced the appointment of Kim Harris Jones to its board of directors. Harris Jones, who has extensive experience as a high-ranking executive in both the consumer discretionary and consumer staples sectors, will be the tenth member of...
MGM Investor Diller Gets Another Chance at Nevada Gaming License
Barry Diller, whose IAC/InterActiveCorp (NASDAQ: IAC) is the largest shareholder in MGM Resorts International (NYSE:MGM), will get another shot at a full gaming license when he appears before the Nevada Gaming Control Board (NGCB) Wednesday. His appearance before the regulatory agency comes...
Hard Rock, Royal Caribbean Unveil Loyalty Program Agreement
Tribal casino giant Hard Rock International and Royal Caribbean Group on Friday announced a wide-ranging agreement pertaining to members of both companies' travel and leisure loyalty programs. Members of the Unity by Hard Rock, Celebrity Cruises’ Blue Chip Club, and Royal Caribbean’s...
