4979 stories by Todd Shriber
Bally’s Name Officially Adorns Former Trump Golf Course in Bronx
The golf course in the Bronx, N.Y. that formerly bore the Trump name is now officially “Bally Links,” named for the regional casino operator. The change occurred Thursday and with that, the large sign that previously read “Trump Links” is no longer....
ESPN Bet Rapidly Outperforming Barstool Sportsbook
Penn Entertainment’s (NASDAQ: PENN) ESPN Bet mobile sports wagering application has been live for about two months and in that brief period, state-level data indicate the app is outperforming predecessor Barstool Sportsbook. The app debuted in 17 states on November 14 on...
Super Group Forecasts 2023 Sales of $1.48B, 2024 US Spending to Decline
Betway parent Super Group (NYSE: SGHC) reiterated 2023 revenue and earnings before interest, taxes, depreciation, and amortization (EBITDA) forecasts Friday at the 26th Annual Needham Growth Conference. The sportsbook operator said it expects to have posted sales of $1.48 billion on EBITDA...
Genting Allocating Another $100M to New York Casino Unit
Genting Malaysia is again devoting capital to its struggling Empire Resorts unit, this time pledging $100 million to the New York casino operator. In a new regulatory filing, Genting Malaysia told investors that the $100 million flowing to Empire Resorts will come...
MGM Acquires Small Strip Land Parcel Between Bellagio and Cosmopolitan
MGM Resorts International (NYSE: MGM) quietly purchased 1.62 acres of land on the Las Vegas Strip last May. The property is located in between the Bellagio and the Cosmopolitan, both operated by MGM. The land is south of the famed Bellagio fountains,...
Gaming and Leisure Properties Open to Tropicana Sale, Chicago Casino Buy
Gaming and Leisure Properties (NASDAQ: GLPI) could consider selling the Tropicana Las Vegas casino hotel for the right price. That's if the buyers are committed to maximizing the value of the property. That’s the take of Truist Securities analyst Barry Jonas following...
Long Island Casino Detractors Want Environmental Review Stopped
Groups opposing Las Vegas Sands’ efforts to build a casino hotel at the site of the Nassau Coliseum in Uniondale, N.Y. want the nearby town of Hempstead to cease an environmental review that could smooth the way for the project. “Say NO...
New York Casino Bidders Could Take On Big Debt if Victorious
Operators vying for New York City casino permits could take on significant debt to execute those projects if they’re selected by the state. That's according to S&P Global Ratings, which in a new report, noted that the gaming companies that procure the...
Caesars Stock Draws Mixed Reviews from Analysts
Caesars Entertainment (NASDAQ: CZR) stock lagged the broader market in 2023, and is scuffling to start 2024, as highlighted by a 3.58% decline since the start of the year. While the name isn’t controversial, there is division among analysts covering the casino...
FanDuel Shells Out $71M for Beverly Hills Office
FanDuel, the largest online sportsbook operator in the U.S., recently paid $71 million for a new office in Beverly Hills, Calif. Despite that, neither iGaming nor sports wagering is permitted in the state, and it could be some time before that changes....
