5448 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...
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...
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...
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...
MGM Credit Rating Affirmed at Junk Status By Moody’s
MGM Resorts International’s (NYSE: MGM) noninvestment-grade credit rating of “B1” was affirmed by Moody’s Investors Service, which maintained a “stable” outlook on the gaming company’s credit profile. The “B1” grade is four notches into junk territory on Moody’s scale, and bonds with...
Sands CEO Robert Goldstein Offloads $5.23M in Stock Sale
Las Vegas Sands (NYSE: LVS) CEO Robert Goldstein recently sold 100K shares of the gaming company, grossing proceeds of $5.23 million. The sale occurred last Friday and pertained to stock owned by the Robert and Sheryl Goldstein Trust, according to a Form...
BetMGM, Marriott Bonvoy Team Up on Loyalty Points Deal
BetMGM and Marriott Bonvoy, the hotelier’s customer loyalty platform, are teaming up on a program that allows the gaming company’s clients to earn travel rewards. Bettors in the states in which BetMGM is operational can link their accounts with the online sportsbook...
