5359 stories by Todd Shriber
DraftKings Spent $700K on Private Jet Travel for CEO Robins in 2023
DraftKings (NASDAQ: DKNG) spent $700K on private air travel last year for cofounder and CEO Jason Robins. That detail was revealed in the company’s annual report, which was published Thursday in conjunction with the operator’s fourth-quarter earnings release. In the filing with...
DraftKings Lifts 2024 Guidance with $750M Acquisition of Jackpocket
As it so frequently does when it delivers quarterly financial updates, DraftKings (NASDAQ: DKNG) raised its revenue and earnings before interest, taxes, depreciation, and amortization (EBITDA) forecasts. But the high-flying shares modestly retreated in after-hours trading because fourth-quarter sales missed Wall Street...
MGM Provides Support to IAC Investment Thesis, Share Stake Rises
Barry Diller’s IAC/InterActiveCorp (NASDAQ: IAC) posted fourth-quarter revenue that missed Wall Street estimates. But the shares rallied Wednesday due in part to the company’s large stake in MGM Resorts International (NYSE: MGM). The sharp move higher by the media conglomerate’s stock arrived...
NY State Sen. Jessica Ramos Nears Decision on Queens Casino Land
New York State Sen. Jessica Ramos, the Democrat representing the Citi Field area, is reportedly nearing a decision on authoring legislation that could determine the fate of a proposed $8 billion Queens casino project. Ramos, who last year balked at the idea...
MGM Notches Record Q4 Results, Buyback Binge Continues
After the close of U..S markets Tuesday, MGM Resorts International (NYSE: MGM) delivered record fourth-quarter results. They did so while telling investors it continues repurchasing significant amounts of its shares. Helped in part by the Las Vegas Grand Prix in November, the...
Mets Owner Steve Cohen Promises $1B if Queens Casino is Approved
New York Mets owner Steve Cohen is promising to deliver $1 billion in community benefits if New York regulators approve his plan to bring a casino hotel to Queens. Cohen is partnering with Hard Rock International, the gaming arm of Florida’s Seminole...
Reno Casinos See Super Bowl Boost, Circa Sportsbook Breaks Records
In the Nevada gaming landscape, every other casino market is an afterthought when measured against Las Vegas. But with the help of San Francisco 49ers fans from California’s Bay Area, Reno/Lake Tahoe benefited from the Super Bowl in significant fashion. While Las...
Some Online Betting Stocks Worth Wagering On, Says Analyst
With the underdog Kansas City Chiefs winning Super Bowl LVIII, the most bet on domestic sporting event was a negative one for regulated sportsbooks, but one bad day doesn’t dent the long-term outlook for online betting stocks. Two of the titans of...
Portnoy Reveals Barstool Sports, DraftKings Partnership
Just minutes after the Kansas City Chiefs vanquished the San Francisco 49ers in Super Bowl LVIII on Sunday night, Barstool Sports founder David Portnoy announced a widely speculated upon partnership between his company and DraftKings (NASDAQ: DKNG). Rumors regarding such a relationship...
Wynn Nearing Start of UAE Hotel Construction
Wynn Resorts (NASDAQ: WYNN) is said to be close to commencing construction on the hotel tower for Wynn Al Marjan Island in the United Arab Emirates (UAE). The project’s estimated cost, which is expected to be the first gaming venue in the...
