5136 stories by Todd Shriber
Queens Casino Has Limited Support, According to Ramos Poll
There’s scant appetite for a casino in Queens, New York, according to a poll conducted at the request of New York State Sen. Jessica Ramos, the Democrat who represents a portion of the borough. Ramos recently said that she wanted more insight...
Caesars Stock Can Shed Laggard Status
Shares of Caesars Entertainment (NASDAQ: CZR) are lower by 5.4% year to date. That’s a far cry from the gains notched by the S&P 500, the VanEck Gaming ETF (NYSEARCA: BJK), and the broader consumer discretionary sector. On the other hand, the...
Red Rock Resorts Stock Primed for Upside, Says Analyst
Shares of Red Rock Resorts (NASDAQ: RRR) are on a blistering pace to start 2024 as highlighted by a first-quarter gain of 17.3%, outpacing a slew of small-cap indexes of which the stock is a member. Some analysts believe there’s more upside...
Thailand Casinos Inch Closer to Reality, Could Open before MGM Osaka
Thailand is getting closer to legalizing casino resorts after its House of Representatives on Thursday easily passed legislation allowing entertainment complexes, which would include gaming venues. Of the 257 House members in attendance, 253 voted in favor of the casino gaming legislation....
Queens Councilman Moya Supports Cohen Casino Plan, But Ramos Still Holding Out
Queens Councilman Francisco Moya (D- 21st Council District) said Thursday he supports Steve Cohen’s vision to the transform the Willets Point area into a sprawling, $8 billion entertainment complex including a casino hotel. Moya, whose district includes Corona, East Elmhurst, Jackson Heights,...
Las Vegas Sands Starts Petition Drive to Bring Casinos to Texas
Las Vegas Sands (NYSE: LVS), the largest domestic gaming company by market capitalization, has filed a new petition to bring casino gaming to Texas. The Las Vegas-based gaming company is behind the Texas Destination Resort Alliance, which wants to give Texans the...
MGM CEO Bill Hornbuckle Among US Bosses Who Met with Chinese Leader Xi
MGM Resorts International (NYSE: MGM) CEO Bill Hornbuckle was a part of a group of chief executive officers of U.S.-based companies that met with Chinese President Xi Jinping in Beijing on Wednesday. Other participants included Blackstone Group CEO Stephen Schwarzman, Chubb CEO...
DraftKings Would Feel Little Impact from College Prop Betting Ban, Say Analysts
A proposed ban on college proposition wagers would likely have minimal impact on DraftKings (NASDAQ: DKNG), according to sell-side analysts covering the company. Several analysts chimed in on the matter on Thursday. That was a day after shares of the online sportsbook...
Long Island Casino Opponents Love New York Licensing Delays
On Monday, reports surfaced that it’s likely to be late 2025 before the New York Gaming Commission (NYGC) makes decisions on the winners of three downstate casino permits. That’s much to the liking of groups opposing a gaming venue on Long Island....
DraftKings, Flutter Hammered by Blumenthal Letter, NCAA Prop Bet Ban Idea
While most gaming stocks rallied, shares of DraftKings (NASDAQ: DKNG) and Flutter Entertainment (NYSE: FLUT) slumped Wednesday. That's amid concerns U.S. sports betting operators could be subject to increased federal oversight and more regulatory hurdles. In late trading, both stocks were lower...
