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Todd Shriber
5762 stories by Todd Shriber
Sports Betting Would Be Economic Boon for Texas Study Says
Texas is one of 11 states that currently doesn't permit any form of regulated sports betting, but should that change, the second-largest state by area could reap significant economic benefits. In its recently published “Legal...
IGT Discloses Cybersecurity Incident, Financial Impact Not Clear
Shares of International Game Technology (NYSE: IGT) traded lower on Wednesday after the lottery giant announced late Tuesday that it was the victim of a cybersecurity incident. In a Form 6-K filing with the Securities...
Las Vegas Locals Casino Market Masking Weaknesses, Says Analyst
On the surface, the Las Vegas locals' gaming market appears solid. Year to date, gross gaming revenue (GGR) is up 6%, which has prompted sell-side analysts to wax bullish on Boyd Gaming (NYSE: BYD) and...
Gaming and Leisure Upgraded on Pipeline, Rate Outlook
Casino landlord Gaming and Leisure Properties (NASDAQ: GLPI) traded slightly higher Wednesday after an analyst upgraded the stock. In a new report to clients, Deutsche Bank analyst Carlo Santarelli upgraded the real estate investment trust...
Bally’s Investors Approve Standard General Takeover
Bally’s (NYSE: BALY) announced Tuesday that its shareholders approved a previously announced takeover by Standard General, the hedge fund that’s the biggest investor in the regional casino operator. In March, Standard General, which is controlled...
Las Vegas Sands Seeking $9 Billion Loan for Singapore Expansion
Las Vegas Sands’ (NYSE: LVS) Marina Bay Sands is rumored to be seeking a $9 billion loan to pay for expansion plans at the prestigious Singapore casino resort. Should the operator procure financing at or...
VICI Makes Jump to IG Status Following Moody’s Upgrade
Casino landlord VICI Properties (NYSE: VICI) landed another investment-grade credit rating after Moody’s Investors Service upgraded the real estate investment trust (REIT) on Monday. In a report out on Monday, the agency lifted its rating...
Sportsbook Betting Pauses on College Games Last Longer Than Those on NFL Games
It’s common for sportsbook operators to temporarily pause acceptance of wagers on certain games if large, odds-altering money has come in on those contests. There’s no uniformity for how long these halts last, but recent...
Cisco, MGM Reach Wide-Ranging Technology Agreement
Cisco (NASDAQ: CSCO) and MGM Resorts International (NYSE: MGM) today announced an expansive technology agreement under which the casino operator gains access to much of Cisco’s software portfolio, including tools aimed at enhancing customer experiences....
FanDuel, MLBPA Settle NIL Suit
The Major League Baseball Players Association (MLPBA) settled litigation with FanDuel over the sportsbook operator’s alleged unauthorized use of union members’ name, image, and likeness (NIL). In September, the union representing the league’s athletes sued...
