4024 stories by Todd Shriber
Circa Survivor Down to 30 Entries Entering Week 15
It’s week 15 of the 2022 NFL campaign, and just 30 entries remain in the $6.13 million winner-take-all Circa Survivor contest. To put the 30 remaining entries into perspective, there were 6,133 players at the start of the season. Last week, 38...
Standard General Trims Bally’s Stake in Share Sale
Standard General pared its Bally’s position, recently selling 475K shares of the regional casino operator at a price of $22.60. A Form 4 filing with the Securities and Exchange Commission (SEC) confirms the sale and that the hedge fund controlled by Bally’s...
South Carolina Giving Casino, Sports Betting Legislation Another Go
South Carolina lawmakers will have another chance to consider gaming legislation after State. Rep. J. Todd Rutherford (D-Richland) recently prefiled a casino and sports betting bill. H 3095 Joint Resolution is a constitutional amendment that could set the stage for casino gaming...
Las Vegas Sands Lone Gaming Company on List of Best-Managed Firms
Las Vegas Sands (NYSE: LVS) is the lone gaming operator on the Drucker Institute’s 2022 list of the 250 best-managed companies. Microsoft (NASDAQ: MSFT) tops the rankings, followed by Apple (NASDAQ: AAPL). The highest-rated firm from the consumer discretionary sector -- the...
Golden Entertainment Eyes 2023 for Colorado Belle Decision
Golden Entertainment (NASDAQ: GDEN) could render a decision on the fate of the currently shuttered Colorado Belle in Laughlin, Nevada next year. But it’s unlikely the operator will reopen the riverboat casino. In an interview with Richard Velotta of the Las Vegas...
Gaming Industry Displaying Fortitude Amid Headwinds, Says Analyst
Broadly speaking, share price performances across the gaming industry this year are unimpressive. That’s the result of macroeconomic headwinds, including persistent inflation and rising interest rates, as well as ongoing concerns regarding when sportsbook operators will finally reach profitability. Still, gross gaming...
Caesars, DraftKings, Other Gaming Stocks Miss Out on Nasdaq-100 Promotion
Caesars Entertainment (NASDAQ:CZR) and DraftKings (NASDAQ:CZR) are among the well-known gaming equities that missed out on promotion to the Nasdaq-100 Index (NDX). On Friday, Nasdaq announced the annual changes to the widely followed equity gauge, noting six companies will be added to...
Related Cos. Eyes 1,500-Room Casino-Resort on Manhattan’s West Side
Real estate developer Related Cos., which is partnering with Wynn Resorts (NASDAQ:WYNN) on a Manhattan casino-resort plan, earlier this week revealed more details of the project. In an interview with Bloomberg Television, Related CEO Jeff Blau said the venue on Manhattan’s far...
MGM China Paying MGM Resorts up to $173M for Trademarks
MGM China announced it will pay as much as $173.2 million over three years commencing Jan. 1, 2023 to MGM Resorts International for use of the US-based company’s trademarks. MGM China, which operates two integrated resorts in Macau, said in a regulatory...
Penn Entertainment Approves New $750M Buyback Plan
Penn Entertainment (NASDAQ:PENN) has added to the buyback binge in the gaming industry, announcing the approval of a $750 million share repurchase plan. That’s in addition to a buyback program for the same amount announced by the Pennsylvania-based regional casino operator in...
