4979 stories by Todd Shriber
Churchill Downs, Sports Illustrated Team Up on Restaurant for Derby Week
Churchill Downs and Sports Illustrated have announced a naming rights deal for a new restaurant at the venerable home of the Kentucky Derby. Club SI, which was originally planned to be the 1895 Club, is expected to open ahead of the 150th...
Caesars Could Sell Indiana Casino Real Estate This Year
Reducing one of the gaming industry’s largest debt burdens remains a top priority for Caesars Entertainment (NASDAQ: CZR), and that objective could be assisted by divesting the real estate of a pair of Indiana casinos. In a new report to clients, Bank...
Venetian Las Vegas Rolling Out New Loyalty Program
The Venetian Resort Las Vegas will soon launch Venetian Rewards, a new customer loyalty program that will replace Grazie Rewards. Venetian Rewards is slated to debut in March, though an exact date wasn’t given. The new customer loyalty plan will feature four...
California Sports Betting Shows Progress, Says Analyst
There could be some hope for regulated sports betting in California, because some commercial gaming companies are now aligning with the state’s largest Tribes in opposition to a pair of recently submitted sports wagering proposals. The pitches, including The Sports Wagering Regulation...
Genting Singapore Could Be Player for Thailand Casino Permit
Genting Singapore could emerge as a contender for a Thailand casino license should the government there approve integrated resorts. In a recent report to clients, Maybank analyst Samuel Yin Shao Yang said the Resorts World Sentosa operator could bid for a Thai...
Wynn Resorts Could Shine in 2024 as Macau Stocks Rebound
Wynn Resorts (NASDAQ: WYNN) could be a star among gaming stocks this year, as Macau’s rebound continues taking shape. That’s the take of Stifel analyst Steven Wieczynski, who in a recent report to clients, extolled a preference for Macau operators in 2024....
Caesars Shakeup: Slew of Entertainment Execs Leave Casino Giant
Caesars Entertainment (NASDAQ: CZR) started 2024 by significantly pruning the ranks of entertainment executives, with as many as 10 such employees reportedly leaving the casino operator. The Las Vegas Review-Journal reported that on Tuesday, Jan. 2, up to 10 entertainment executives left...
DraftKings Q4 Results Could Be Pinched by Rough November
A strong November by U.S. sports bettors could weigh on DraftKings’ (NASDAQ: DKNG) fourth-quarter results, according to Benchmark analyst Mike Hickey. In a note to clients today, Hickey wrote that favorable results for bettors in the 11th month of the year may...
Boyd Gaming, Monarch Casino Downgraded on Regional Gaming Concerns
Boyd Gaming (NYSE: BYD) and Monarch Casino & Resort (NASDAQ: MCRI) were downgraded amid concerns that regional casinos are facing consumer-related lethargy. In a note to clients, Stifel analyst Steven Wieczynski lowered his ratings on both stocks to “hold” from “buy,” while...
VICI Properties Credit Grade Could Be Affected by Nongaming Acquisitions
VICI Properties (NYSE: VICI) is the largest domestic owner of casino real estate. But the company’s nongaming acquisitions could affect its corporate credit rating. The Caesars Palace owner is currently rated “BBB-“ by Fitch Ratings -- the lowest investment grade -- but...
