5082 stories by Todd Shriber
Playtika Halts Strategic Review, Initiates Dividend
Shares of mobile games developer Playtika (NASDAQ: PLTK) slid Monday after the company reported fourth-quarter earnings per share (EPS) that missed Wall Street estimates, and as the firm said it’s halting a strategic review. In the final three months of 2023, Playtika...
Sands’ New York Casino Effort Suffers Legal Setback
Las Vegas Sands’ plans to bring a casino hotel to the site of Nassau Veterans Memorial Coliseum in Uniondale, New York, may have been dealt a setback last Friday. That's when New York State Supreme Court Justice Sarika Kapoor reiterated her previous...
Mohegan Gaming to End Management of Resorts Casino Atlantic City
Mohegan Gaming & Entertainment, the casino arm of Connecticut’s Mohegan Tribe, will end its management agreement at Resorts Casino Hotel in Atlantic City, NJ at the end of this year. The Tribal gaming giant made the announcement yesterday, marking something of an...
MGM Reserved in Outlook for BetMGM
While broadly bullish on the prospects for its integrated resorts in Las Vegas and Macau, MGM Resorts International (NYSE: MGM) is more restrained in the optimism it’s directing to BetMGM and iGaming. That’s the take of Jefferies analyst David Katz who recently...
DraftKings Rallies on Barclays Upgrade, Bank Sees US Growth Ahead
Shares of DraftKings (NASDAQ: DKNG) surged in early trading Friday, extending a run that’s seen the stock gain more than 10% over the past month. That's after Barclays analyst Brandt Montour upgraded the gaming equity. In a note to clients today, Montour...
Churchill Downs Stock Primed for Upside as New Venues Come Online
Shares of Churchill Downs (NASDAQ: CHDN) closed slightly higher Thursday after the gaming company reported solid fourth-quarter results late Wednesday. But with those numbers in the past, analysts are turning to the operator’s new venues and the potential impact those properties could...
Related Companies New York Casino Pitch Could Run $12B
Related Companies finally provided an update on its plans for a new $12 billion development, including a casino hotel, on the West Side of Manhattan. The $12 billion price tag is well in excess of the $10 billion previously believed to be...
Macau Concessionaires’ Debt Reduction Slow Process, Says Fitch
Macau casino operators should benefit from rising gross gaming revenue (GGR) as tourism to the gaming enclave from mainland China increases. But the process of reducing debt could take a while. That's according to Fitch Ratings, which said more credit upgrades for...
Black Hawk, Colorado, Casino Market Closing In On $1B GGR
The list of the top commercial casino markets in terms of revenue in 2023 largely stayed the same, with Las Vegas again leading the way. But on a list that featured little movement of note, Black Hawk/Central City, Colorado, again stood out....
California Assemblyman Says Sports Betting Runs Through Tribes
It’s a lesson smart commercial companies should have learned in 2022: California gaming expansion, including sports wagering, runs through the state's Native American Tribes. Assemblyman James Ramos (D-San Bernardino), who’s also a member of the San Manuel Band of Mission Indians, reiterated...
