5316 stories by Todd Shriber
Churchill Downs, Penn Entertainment Lauded in New Coverage by Mizuho
Churchill Downs (NASDAQ: CHDN) and Penn Entertainment are among the batch of gaming stocks viewed favorably in new coverage by Mizuho. Analyst Ben Chaiken initiated coverage of more than a half dozen gaming names, including Churchill and Penn, citing the expansion of...
Bragg Gaming Forms Committee to Explore Possible Sale
Bragg Gaming (NASDAQ: BRAG) announced on Tuesday the formation of a special committee to explore strategic alternatives, including a potential sale. Comprised of board members, the committee will be led by Director Don Robertson. It arrives with the small-cap gaming stock up...
New York Casino Selection Process Likely to Drag Well Into 2025
Less than three months into 2024, and it’s becoming increasingly apparent that no decisions on downstate casino licenses in New York will be made this year. New York Gaming Commission (NYGC) Executive Director Robert Williams noted Monday that it’s not feasible to...
Black Market Sports Betting in US Has No Panacea in PASPA
In the roughly six years since the Supreme Court struck down the Professional and Amateur Sports Protection Act (PASPA), sportsbook operators have frequently sold states on potential reduction or outright elimination of illicit sports wagering markets as a reason to legalize the...
MGM Resorts Selling $750M in Debt to Retire 2025 Issue
MGM Resorts International (NYSE: MGM) announced Monday that it will sell $750 million in corporate bonds to fund the retirement of debt coming due next year. The Bellagio operator said it is marketing $750 million in commercial paper maturing in 2032, the...
Internet Betting Sites, Apps Fertile Ground for Fraud, Says TransUnion
Digital scammers are increasingly focusing on internet betting sites and mobile applications, with the U.S. being one of the prime jurisdictions for their misdeeds, according to a new study from TransUnion. In its recently published State of Omnichannel Fraud Report, TransUnion noted...
MGM China, Wynn Macau Deliver Unexpected Special Dividends
Heading into 2024, it was widely expected that most, if not all, of the six Macau concessionaires would delay the resumption of dividends. It was expected to fortify their balance sheets and conserve capital for government-mandated nongaming expenditures. MGM China and Wynn...
Smart Video Poker Players Hamper Casino Profits, Says Study
A small cohort of video poker bettors known as advantage players (APs) have the skills to be a drag on casino profits, according to a new study. Acres Manufacturing Company, which manufactures next-generation customer loyalty technology and services for casino operators, leveraged...
Washington, D.C. Bill Aims to Broaden Field of Mobile Sports Betting Apps
A Washington, D.C. City Council member introduced legislation that, if approved, would expand the number of mobile sports wagering applications available in the district. Council member Kenyan McDuffie (I-At Large) introduced the Sports Wagering Amendment Act of 2024 on Wednesday. A member...
MGM Contemplates Potential Sale of Massachusetts and Ohio Locations
MGM Resorts International (NYSE: MGM) is rumored to be mulling sales of the operating rights to its regional casinos in Massachusetts and Ohio. Citing unidentified sources with knowledge of the matter, Bloomberg reported the news earlier Wednesday, noting the sources said talks...
