5081 stories by Todd Shriber
GambetDC Sports Betting App on Thin Ice in Washington, DC
GamebetDC -- the controversial sports wagering mobile application offered by the DC Lottery -- could be on borrowed time. Washington, DC’s contract with operator Intralot expires in July and DC Lottery appears open to pulling control of mobile sports betting in the...
HG Vora Blasts Penn Entertainment Over Board Composition
HG Vora, which is the largest investor in Penn Entertainment (NASDAQ: PENN), demanded the regional casino restructure its board of directors while claiming the current configuration violates Pennsylvania corporate law. In a recent letter to the gaming company signed by Mandy Lam,...
DraftKings Upgraded, Analyst Sees Outlook Besting Headwinds
After more than tripling last year, shares of DraftKings (NASDAQ: DKNG) scuffled to start 2024 as state-level data indicated a modest loss of market share to rivals ESPN Bet and FanDuel. At least one analyst believes the DraftKings pullback is buyable. In...
DraftKings, TUMS Bring Betting to Super Bowl Snacking
Betting on sports can cause heartburn. So can overindulging when it comes to snacking at Super Bowl parties. DraftKings and antacid maker TUMS are seizing upon those themes with a new free-to-play game, Tums Prop Bites. Inspired by increasingly popular proposition wagers,...
Red Rock Resorts Draws Wall Street Cheer
Red Rock Resorts (NASDAQ: RRR) traded slightly higher Thursday after the stock price and corporate debt numbers were lauded by analysts. With the support of the new Durango Casino & Resort in Southwest Las Vegas, there could be upside ahead for shares...
Caesars Previews Q4 Results, Likely to Miss EBITDA, Revenue Estimates
Caesars Entertainment (NASDAQ: CZR) delivered a preliminary view of its fourth-quarter results to investors on Thursday, and it appears the company will likely miss analysts’ earnings before interest, taxes, depreciation, and amortization (EBITDA), and sales estimates. In a Form 8-K filing with...
Hofstra In Cahoots with Queens Casino Bidders, Alleges Nassau County Pol
Hofstra University, which has emerged as the leading opponent to Las Vegas Sands’ efforts to bring a casino hotel to Nassau County, N.Y., may be working with representatives of Hard Rock International to bolster the operator’s bid for a Queens casino. Hard...
Rush Street Interactive Soars Following Conference Comments
Rush Street Interactive (NYSE: RSI) was among Tuesday’s best-performing gaming equities. That's after executives from the online sportsbook operator provided the investment community with a bullish update at Needham’s Growth Conference. CEO Richard Schwartz and CFO Kyle Sauers participated in the event....
Caesars Price Target Lowered on Limited F1 Impact
CBRE analyst John DeCree pared his price target on Caesars Entertainment (NASDAQ: CZR), citing negative impact from the recent labor negotiations with the Culinary Union and limited benefit provided to the operator from November’s Las Vegas Grand Prix. In a new report...
Marriott, MGM Share Details of Points Partnership
Marriott International and MGM Resorts International have finally shared details of their upcoming customer loyalty partnership, MGM Collection with Marriott Bonvoy. While the program won’t feature a conversion of Marriott Bonvoy points to MGM Rewards, it will go the other way, with...
