5316 stories by Todd Shriber
Century Casinos Sell-Off Overdone, Free Cash Flow Enticing, Says Analyst
Shares of Century Casinos (NASDAQ: CNTY) joined the broader gaming equity complex to the downside Wednesday as the March reading of the Consumer Price Index (CPI) came in higher than expected, indicating inflation is proving more persistent than economists hoped. That concerning...
Thailand Cabinet Approves Casinos, Finance Ministry on the Clock
Thailand’s Cabinet is backing a National Assembly committee study on the addition of regulated casino resorts in the country, putting the Ministry of Finance on a 30-day clock to respond with next steps. The decision emerged following the cabinet’s weekly meeting on...
Bally’s Should Sell Tropicana Rights, Takeover Unlikely, Says Analyst
Bally’s (NYSE: BALY) should consider selling its rights to the recently closed Tropicana Las Vegas to raise cash to support its Chicago casino hotel project, says an analyst. In a new report to clients, Colin Mansfield, vice president of credit research for...
DraftKings, ESPN Bet Adding Share in Big States While BetMGM, Caesars Lag
In a pair of the largest states where mobile sports betting is available, DraftKings (NASDAQ: DKNG) and Penn Entertainment’s (NASDAQ: PENN) ESPN Bet are grabbing market share while rivals BetMGM and Caesars Sportsbook struggle. In a recent report, Morningstar analyst Dan Wasiolek...
Apollo, CVC Among PE Firms with Reported Interest in Entain Brands
The American depositary receipts (ADRs) of Entain (OTC: GMVHF) surged 9% Monday amid reports that private equity firms could be eying runs at some of the gaming company’s brands. An article in the British newspaper The Times indicated Apollo Global Management (NYSE:...
Resorts World New York Promises $1B in Taxes if it Wins Casino Permit
Genting Malaysia Bhd, which runs Resorts World New York, said the venue could deliver $1 billion or more in annual taxes to the state if it’s granted a permit to convert the property to a Las Vegas-style casino hotel. The Malaysian conglomerate...
Disney CEO Iger Sees Betting Coming to ESPN App
Walt Disney (NYSE: DIS) Bob Iger sees plans for revamped ESPN app including access to sports wagering. He made the comments in a recent interview with CNBC’s David Faber. Iger didn’t directly mention ESPN Bet – the network’s sports wagering partnership with...
Century Casinos Opens Missouri Hotel, Says Other Project in State Is On Budget
Century Casinos (NASDAQ: CNTY) said Friday that it opened the Riverview Hotel at its eponymous gaming venue in Cape Girardeau, Mo. The company said in 2021 it was considering the addition of a hotel to its Cape Girardeau casino. The addition of...
Cohen Poll Shows Strong Support for Queens Casino
A new poll conducted on behalf of New York Mets owner Steve Cohen and Queens Future indicated there’s strong support in Senate District 13 for the $8 billion Metropolitan Park proposal, which includes a casino resort. Not only is that the New...
Chicago Mayor Johnson Supports Bally’s Amid Brewing Controversies
Chicago Mayor Brandon Johnson (D) is supporting Bally’s (NYSE: BALY) even as the regional casino operator contends with headwinds that could jeopardize its $1.1 billion integrated resort project in the third-largest US city. In a statement to Crain’s Chicago Business, Johnson’s office...
