5449 stories by Todd Shriber
MGM Stock Has Makings of a Winner, Says Analyst
As highlighted by a year-to-date loss of 3.11%, MGM Resorts International (NYSE: MGM) stock has spent much of 2024 dithering, but a 7.66% jump over the past month indicates the shares have some momentum. Some analysts concur. In a new report to...
DraftKings Rumored to Be Mulling VSiN Sale in Barstool/Penn-Style Deal
DraftKings (NASDAQ: DKNG) is rumored to be considering the sale of the Vegas Sports Information Network (VSiN), the Las Vegas-based sports wagering radio network it acquired for $70 million in March 2021. Eilers & Krejcik Gaming (EKG) noted the online sportsbook operator...
Chicago Pension Mess Highlights Need for Bally’s Casino
Chicago is sitting on a ticking time bomb of underfunded public pension obligations, underscoring the need to haul in revenue from Bally’s planned permanent casino hotel -- a project some local politicians and residents view as on life support. The city’s 2023...
Nevada In-Person Requirement Hampering Sports Betting Revenue
When the Supreme Court handed down its ruling on the Professional and Amateur Sports Protection Act (PASPA) in 2018, it was widely known that Nevada would lose its monopoly on regulated sports wagering in the US. What wasn’t known to industry observers...
Wynn Resorts Stock Could Rise on High-End Strip Momentum
Data out Wednesday confirm Nevada casinos posted the best May on record in terms of gross gaming revenue (GGR), which checked in at $1.32 billion of which $742 million was attributable to the Las Vegas Strip. At least one analyst believe Wynn...
MGM Online Gaming Efforts Could Be Credit Tailwind
Earlier this week, MGM Resorts International (NYSE: MGM) said that its LeoVegas unit is acquiring the the US iGaming and sportsbook operations of Tipico Group for an undisclosed sum -- a purchase that’s already drawing praise among some analysts. The Tipico buy...
Red Rock Eyes Bigger Casino, More Parking in Durango Expansion
Following a fast start by Durango Casino & Resort in Southwest Las Vegas, operator Red Rock Resorts is already eyeing expansion of the venue, which opened last December. Next week, the Clark County Zoning Commission will consider a request by Red Rock...
Washington, DC Could Soon Have a Competitive Sports Betting Market
Washington, DC could soon allow multiple operators to conduct mobile sports wagering in the District after City Council member Kenyan McDuffie’s (I-At Large) amendment to broaden the market was included in the council’s proposed budget for fiscal 2025, which was passed Tuesday....
Times Square Casino Group Pledges $250M Community Investment if Awarded License
The group behind a plan to bring a casino hotel to Times Square is reportedly promising $250 million in investments in the neighborhood -- expenditures that are contingent on winning a gaming permit. amNewYork Metro reported Caesars Entertainment, real estate developer SL...
Circa Sports Scores Jersey Patch Deal With Chicago Blackhawks
Circa Sports announced Tuesday that it will be the official jersey patch sponsor for the NHL’s Chicago Blackhawks for the 2024-25 season. The news arrived a day after the Florida Panthers claimed the 2024 Stanley Cup. Las Vegas-based Circa Sports joins a...
