5081 stories by Todd Shriber
Online Betting, Marijuana Altering State Tax Bases
US states have long applied “sin taxes” to items such as alcohol, beer, cigarettes, other tobacco products, and wine as avenues for bolstering revenue. More recently, marijuana and sports wagering have been added to the mix, representing alterations to some states’ revenue...
Zelenskyy Limits iGaming Access in Bid to Damp Military Betting Addiction
Ukrainian President Volodymyr Zelenskyy implemented new restrictions on internet casinos in the country in an effort to combat problem gaming among military personnel. Ukrainian army serviceman Pavlo Petrychenko, who died in combat last week, previously called attention to concerning wagering patterns among...
Disney Tech Exec LaBerge Joining Penn Entertainment as CTO
After a more than two-decade run holding high-level technology jobs at Walt Disney (NYSE: DIS), Aaron LaBerge is joining Penn Entertainment (NASDAQ: PENN) as chief technology officer (CTO). The regional casino operator made the announcement earlier today, though some media outlets reported...
New Jersey iGaming Revenue to Surpass Atlantic City Casino Earnings, Analyst Predicts
It’s a matter of when, not if, iGaming gross gaming revenue (GGR) in New Jersey exceeds that of the nine casino hotels on the Atlantic City Boardwalk. That’s the outlook offered by Deutsche Bank analyst Carlo Santarelli who in a recent report...
Wynn Las Vegas President Steve Weitman Leaving Company
Wynn Resorts (NASDAQ: WYNN) noted today Steve Weitman, the president of the operator’s Las Vegas Strip properties, is leaving the company effective June 10. The executive didn’t give a reason for his departure beyond noting he’s evaluating other opportunities and now is...
New York City Council Green Lights Casino Zoning Changes
In a Thursday vote of 35 to 15, the New York City Council signed off on the “Gaming Facility Text Amendment,” which would allow for casino hotels to be constructed in select areas of the five boroughs. That amendment was proposed by...
Monarch Casino Shares Solid not Spectacular, Says Analyst
Shares of Monarch Casino & Resort (NASDAQ: MCRI) could be steady though significant upside could be hard to come by over the near-term. That’s the take of Stifel analyst Jeffrey Stantial following the regional casino operator’s first-quarter earnings report, which was delivered...
Sands Disappointed by New York Casino Process, Confirms Thailand Interest
Las Vegas Sands (NYSE: LVS) is dismayed about the length of time it’s taking New York regulators to open the bidding window for three downstate casino permits, but the operator is optimistic about the possibilities in Thailand. Executives from the largest gaming...
Thai Finance Ministry to Lead Review of Casino Study
Thailand’s Ministry of Finance will run point in mulling a House of Representatives study that could pave the way for regulated casinos in the Southeast Asian country. The Finance Ministry is one of 17 government agencies involved in assessing the feasibility of...
Inspired Entertainment Could Be Inspired Rebound Story, Says Analyst
Hampered by a regulatory probe into its 2023 earnings restatements, Inspired Entertainment (NASDAQ: INSE) has seen its shares decline 21.7% over the past year, but at least one analyst sees opportunity with the supplier of video gaming terminals (VGT) and software. In...
