4979 stories by Todd Shriber
iGaming Upstarts Can Make Headway, Says Research Firm
Internet casinos are widely viewed as the next growth frontier for the gaming industry, and one with stronger long-term prospects than online sports betting. That indicates there could be room for newer entrants to gain market share in the space. In a...
IGT Downgraded as Strategic Review Turns Sluggish
Shares of International Game Technology (NYSE: IGT) slumped Thursday after the stock was downgraded by Jefferies. The research firm lowered its rating on the gaming device manufacturer to “hold” from “buy,” while trimming its price target to $29 from $36. That new...
Entain Officially Adds Critic Ricky Sandler to Board
Shares of Coral owner Entain Plc (OTC: GMVHF) closed higher in UK trading Wednesday after the gaming company officially appointed Eminence Capital founder and critic Ricky Sandler to its board of directors in a nonexecutive capacity. Speculation regarding Sandler’s potential appointment to...
Adelson, Dumont Families Acquire Marquee Dallas Real Estate
By way of their majority acquisition of the Dallas Mavericks, the Adelson and Dumont families took the deed to some pivotal real estate in the Dallas area. As part of the transaction that saw the families with ties to Las Vegas Sands...
Times Square Casino Could Be Hindered by Perceptions of Crime
A consortium comprised of Caesars Entertainment, real estate developer SL Green, and rapper Jay-Z’s Roc Nation entertainment agency wants to bring a casino hotel to Times Square in New York City, but if that venue comes to life, it could be hampered...
Wynn Macau Trademark Payments to Parent Limited to $140M
Wynn Macau’s 2024 intellectual property payments to parent company Wynn Resorts (NASDAQ: WYNN) will be limited to $140 million. That’s according to a recent regulatory filing with the Hong Kong Stock Exchange (HKSE), which is the listing venue for shares of Wynn...
Stake.com to Sponsor Sauber F1 Team
Cryptocurency casino operator Stake.com announced it procured the naming rights for Swiss Formula One team Sauber. For the previous five seasons, the team flew the Alfa Romeo flag. Stake.com will be the team’s primary sponsor for 2024 and 2025, before a rebranding...
VICI Properties Could Be 2024 Triple-Net Winner, Says Analyst
Amid soaring Treasury yields, triple-net real estate investment trusts (REITs), including casino REITs, stumbled last year. But VICI Properties (NYSE: VICI) could emerge as a winner from the group in 2024. The Caesars Palace owner is positioned to buck the bearish triple-net...
DraftKings Stock Encounters Key Support Areas
DraftKings (NASDAQ: DKNG) was one of the brightest stories among gaming equities in 2023. But a 7.89% decline this month has the stock flirting with some important support levels. After unveiling unveiling strong 2024 forecasts and on the back of constructive commentary...
Caesars, MGM Preferred Picks as Las Vegas GGR Soars, Says Analyst
With the good times rolling on the Las Vegas Strip, Caesars Entertainment (NASDAQ: CZR) and MGM Resorts International (NYSE: MGM) could be winning equity ideas for investors in 2024. That’s the take of Macquarie analyst Chad Beynon. In a new report to...
