5447 stories by Todd Shriber
SuperBook Sports Latest Casualty in US Sports Betting Biz
SuperBook Sports, the sports wagering unit Westgate Resorts, said Friday it is leaving the online sports betting business outside of Nevada. In a post on X, formerly Twitter, the gaming company said that as of 8 pm Eastern time today, bettors with...
Steve Wynn Rumored to be Selling ‘G6’ Private Jet
Wynn Resorts founder and former chairman and CEO Steve Wynn is rumored to be selling his Gulfstream G650ER private jet. Vital Vegas broke the news on Thursday and it has not been mentioned elsewhere. In August 2015 while still at the helm...
Sands Long Island Casino Bid Bolstered by Lease Agreement Vote
Las Vegas Sands’ Long Island, NY casino hopes were boosted Thursday as the Nassau County Planning Commission agreed to move forward the gaming company’s lease agreement on Nassau Coliseum. The commission signed off on a 42-year agreement that allows Sands to maintain...
MGM, Caesars Supported by Strip Resilience, Penn Takeover a Stretch, Says Analyst
Las Vega Strip trends remain sturdy and that’s good news for MGM Resorts International (NYSE: MGM) and Caesars Entertainment (NASDAQ: CZR). Looking elsewhere in the gaming industry, a near-term takeover of Penn Entertainment (NASDAQ: PENN) appears unlikely. Those are the takes of...
Monarch Casino Leading Way in Fast-Growing Colorado Gaming Market
Monarch Casino & Resort’s (NASDAQ: MCRI) eponymous gaming venue in Black Hawk, Colo. has established itself as the leader in that rapidly growing regional casino market. Jefferies analyst David Katz said as much in a recent note to clients, observing that Monarch...
DraftKings, Genius Sports Top Picks as Online Betting Booms
DraftKings (NASDAQ: DKNG) and Genius Sports (NYSE: GENI) are top gaming equity ideas at Macquarie, with the research firm forecasting significant second-quarter growth in iGaming and online sports betting (OSB) revenue. In a note to clients on Wednesday, analyst Chad Beynon forecast...
Mazaii to Be Acquired by Las Vegas SPAC in $500 Million Deal
Mazaii, a Canadian provider of iGaming games and solutions, will be acquired by blank-check firm Relativity Acquisition Corp. (NASDAQ: RACY) in a deal valuing the target at an initial enterprise value of $500 million. The deal signals there's still a strong appetite...
Crypto Casino Founder Kim Admits to Losing Investor Cash on Sour Bitcoin Bets
Richard Kim, the founder of cryptocurrency casino ZeroEdge, admitted to losing $3.67 million in investor capital on leveraged bitcoin trades that went awry. Kim resigned from the startup gaming entity earlier this month. In an extensive Substack post, he admitted to misdeeds...
Bally’s Chicago Deal Could Be Playbook for Tropicana Las Vegas
Last Friday, Bally’s (NYSE: BALY) unveiled a broad agreement with Gaming and Leisure Properties (NASDAQ: GLPI) under which the real estate investment trust (REIT) will provide much-needed financing for the gaming company’s permanent Chicago casino. At least one analyst believes the accord...
MGM Stock Sporting Attractive Risk/Reward Says Analyst
After dithering for much of this year, shares of MGM Resorts International (NYSE: MGM) are on a torrid pace as of late, as highlighted by a gain of 7.53% over the past week and 13.51% over the past month. Analysts are bullish...
