5448 stories by Todd Shriber
Thai Policymakers Inch Closer to Considering Casino Legislation
The possibility that Thailand will eventually be home to casino resorts is inching closer to reality. That's amid speculation that the House of Representatives studying the issue could submit a report to parliament as soon as next week. It’s expected the committee...
DraftKings Could Benefit from AI Productivity Gains
One of the primary selling points of artificial intelligence (AI) at the corporate level is that the disruptive technology can boost productivity, potentially leading to higher profitability. DraftKings (NASDAQ: DKNG) is a prime example of a gaming operator that can benefit from...
Bally’s Should Accept Standard General Takeover, but Probably Won’t, Says Analyst
Bally’s (NYSE: BALY) should accept the $15 per share acquisition bid floated Monday by Standard General, but the regional casino operator is unlikely to do so, according to an analyst. That’s the view of Wells Fargo analyst Daniel Politzer. He commented on...
TruTV Leans Into Sports and Betting in Attempted Refresh
With the NCAA Tournament kicking off later this month, this is the time of year that television viewers are reminded about the relevance of TruTV. The rest of the year, not so much. But parent company Warner Bros. Discovery is looking to...
Las Vegas Casino Consumer Still in Strong Shape, Says Analyst
Visitors keep finding their way to Las Vegas, and that could be beneficial to casino operators’ first-quarter results. Likewise, Macau concessionaires and online gaming firms are positioned to reap the benefits of resilient consumer spending trends. Citing stability among consumers, Macquarie analyst...
FanDuel Officially Replacing GambetDC in Washington, D.C.
It’s official. FanDuel is taking the reins from GambetDC as the lone sports wagering mobile application in Washington, D.C. The Office of Lottery and Gaming (OLG) announced the change following recent speculation regarding such a move. Greek gaming company Intralot will maintain...
Standard General Offers $15 a Share For Bally’s, Down More Than 50% From 2022
Soo Kim’s Standard General, the hedge fund that controls 23% of Bally’s (NYSE: BALY) equity, offered to acquire the remainder of the regional casino operator for $15 a share, valuing the target at a 41% premium to the March 8 close. While...
FanDuel Rumored to Replace GambetDC in US Capital City
The widely criticized GambetDC mobile sports wagering application could be on borrowed time in the nation’s capital. That's amid rumors that FanDuel will replace it. A Friday letter was penned by Office of Lottery and Gaming (OLG) Executive Director Frank Suarez to...
Wynn CEO Craig Billings Calls iGaming Cannibalization Debate ‘Reductive’
The debate pertaining to online casinos potentially damaging their land-based counterparts is, to this point, “reductive.” So wrote Wynn Resorts (NASDAQ: WYNN) CEO Craig Billings in a Saturday post on LinkedIn. Billings said he’s “neutral” on the matter, owing to the facts...
Sands Leads 2023 Macau GGR Share, MGM, Wynn Gain
Sands China -- the Macau arm of Las Vegas Sands (NYSE: LVS) -- was the biggest gainer last year in terms of share of Macau gross gaming revenue (GGGR). In a new report to clients, Deutsche Bank noted total GGR in the...
