Main menu
Todd Shriber
5660 stories by Todd Shriber
Red Rock Stock Could Feel Election Impact, Says Analyst
Shares of Red Rock Resorts (NASDAQ: RRR) have recently scuffled, shedding almost 10% over the past 90 days. That could be the result of weak seasonality stemming from 2024 being a presidential election year. In...
Hard Rock Could Work with DraftKings, FanDuel in Florida
Hard Rock International currently holds a monopoly on regulated sports betting in Florida, but Chairman Jim Allen said the tribal gaming giant could consider working with industry leaders DraftKings (NASDAQ: DKNG) and FanDuel in the...
Light & Wonder ‘Dragon Train’ Decline Overdone, Stock Cheap, Says Analyst
Shares of Light & Wonder (NASDAQ: LNW) tumbled last week following a legal ruling pertaining to its “Dragon Train” series of slot machines, but one analyst argues the decline was too much, too soon, and...
Wynn UAE Casino Could Drive $350M in Cash Flow, Says Analyst
Wynn Resorts’ (NASDAQ: WYNN) recently approved casino resort in the United Arab Emirates (UAE) could be a significant contributor to the operator’s long-term free cash flow. In a new report to clients, CBRE Equity Research...
Penn Entertainment Lifts Guidance for Interactive Unit
Penn Entertainment (NASDAQ: PENN) told investors Monday that its interactive unit, which includes ESPN Bet, will post a lower-than-expected third-quarter loss. In a Form 8-K filing with the Securities and Exchange Commission (SEC), the regional...
Flutter Buyback Shouldn’t Imperil Credit Rating, Says Moody’s
Flutter Entertainment’s (NYSE: FLUT) recently announced that plans to repurchase up to $5 billion of its shares over the next several years are unlikely to endanger its credit rating. That’s the take of Moody’s Investors...
JPMorgan Buys Big Voting Block of Star Entertainment Shares
JPMorgan Chase & Co. (NYSE: JPM) acquired a sizable equity stake in downtrodden Australian casino operator Star Entertainment. According to a recent filing with Australian securities regulators, the New York-based bank purchased 5.47% of the...
Light & Wonder CEO Says Company Pulling ‘Dragon Train’ Slots in North America
Shares of Light & Wonder (NASDAQ: LNW) jumped 4.39% on above-average volume Friday after CEO Matt Wilson updated investors on the company’s next steps relating to “Dragon Train” litigation. In late September, Aristocrat Technologies won...
James Bay Sues Wynn Resorts, Latest in David Bunevacz Saga
James Bay Resources Ltd., a Canadian natural resources company, has filed a statement of claim in Ontario’s Superior Court of Justice against Wynn Resorts -- the latest legal move stemming from the saga of conman...
BetMGM Making iGaming Strides
As measured by downloads of mobile applications, BetMGM is making progress in getting its online casino offering in front of more bettors. Citing Sensor Tower data, Eilers & Krejcik Gaming (EKG) noted that through the...
