3980 stories by Todd Shriber
Genius Sports Has Runway for Growth, Says Analyst
Coming off solid fourth-quarter results, one analyst says Genius Sports (NYSE: GENI) could have multiple growth tailwinds this year and the potential to generate free cash flow. While the stock slid 5.84% Thursday after the sports betting data provider said fourth-quarter revenue...
Jake Paul’s Betr Lands $15M in Financing, Valuing Betting Firm at $375M
Betr Holdings Inc., the sports wagering startup cofounded by boxer Jake Paul, announced Wednesday that it raised another $15 million, valuing the company at $375 million. The latest funding round, which brought the total raised to date by Miami-based Betr to $100...
Bally’s Attempting to Solve $800M Financing Gap for Chicago Casino
Appearing before the Nevada Gaming Control Board (NGCB) Wednesday, executives from Bally’s (NYSE: BALY) told the regulators that the company is trying to close a funding gap of $800 million for its permanent Chicago casino. That means of the project’s estimated $1.1...
Rush Street Interactive Surges After Unveiling Strong 2024 Guidance
Rush Street Interactive (NYSE: RSI) soared in Wednesday’s post-market trading session. That's after the gaming company delivered bullish 2024 earnings before interest, taxes, depreciation, amortization (EBITDA), and sales guidance. The online sportsbook operator posted a gain of 23.4% in after-hours trading, as...
PlayAGS Can Gain Share Amid Slot Consolidation, Says Analyst
PlayAGS (NYSE: AGS) reported fourth-quarter earnings and revenue that were near the top end of previously disclosed guidance. Looking further out, the slot machine manufacturer can potentially grab market share amid industry consolidation, according to Stifel analyst Jeffrey Stantial. That could facilitate...
Full House Sees Waukegan Casino Opening in 2027, Claims It Tops Wynn, Bellagio
Full House Resorts (NASDAQ: FLL) delivered estimate-trailing fourth-quarter results on Tuesday. But the regional casino operator told investors it believes its American Place casino hotel will open in Waukegan, Illinois, in 2027, assuming a favorable outcome in litigation brought by a tribal...
How Marriott Bonvoy Points Convert to MGM Stays
When Marriott International and MGM Resorts International announced plans last July for their rewards partnership, MGM Collection with Marriott Bonvoy, a big question loomed: how will loyalty rewards accrued with one company be usable with the other? Now, more details have emerged....
Melco Earnings Growth Can Aid Debt Reduction
Melco Resorts & Entertainment (NASDAQ: MLCO) is likely on pace to grow earnings before interest, taxes, depreciation, and amortization (EBITDA). That should be enough going forward to reduce leverage over the next year to two years to levels last seen before the...
Caesars Insiders Buying Up Gaming Stock
Shares of Caesars Entertainment (NASDAQ: CZR) are down 19.6% over the past year, which is disappointing when considering the S&P 500 is higher by 29.2% over the same stretch. However, executives at the gaming company have used the weakness in their employer’s...
Steve Cohen, Hard Rock Lead New York Casino Lobbying Spending Spree
New York City lobbyists spent nearly $131 million last year wooing politicians on a variety of issues, including casinos. Not surprisingly, gaming companies were among the biggest spenders. A new report from the Office of the City Clerk indicates the biggest spenders...
