5136 stories by Todd Shriber
Super Bowl to Generate $1.25B in Regulated Bets, Nevada, NY to Lead
It’s Super Bowl week, and that means the betting forecasts are coming in hot and heavy. Bettors in the U.S. are expected to plunk down $1.25 billion in regulated wagers on the game. That's according to Eilers & Krejeck Gaming (EKG), which...
Macau Casino Operators Can Handle Debt Maturities
During the worst days of the coronavirus pandemic, Macau casino concessionaires took on massive amounts of debt simply to stay afloat. Tabs for some of those obligations are coming due, but those maturities are unlikely to burden issuers. The ability to service...
Taylor Swift Effect: Kelce TD Most Bet Super Bowl Prop at DraftKings Except in Illinois
Taylor Swift might be having an impact on Super Bowl betting trends. As of Friday afternoon, the most wagered on Super Bowl proposition bet among DraftKings clients is Kansas City Chiefs tight end Travis Kelce -- Swift’s boyfriend -- to score the...
FanDuel to Alter ‘Kick of Destiny’ Commercials Following Death of Carl Weathers
FanDuel will make changes to the “Kick of Destiny” commercials that featured actor Carl Weathers, who passed away earlier today at the age of 76. The largest online sportsbook had been running advertisements featuring Weathers and former New England Patriots and Tampa...
Las Vegas Sands Upgraded to Investment-Grade by Fitch
Las Vegas Sands (NYSE: LVS) earned another investment-grade credit rating, this time courtesy of Fitch Ratings. The research firm cited Macau's rebound and overall strength in Singapore, Sands’ two operating markets. Fitch observed that based on those metrics, LVS drove leverage through...
Fontainebleau Miami Casino Bill Appears Dead — for Now
Legislation that would have potentially paved the way for casino expansion in South Florida appears dead after some well-heeled business owners flexed their muscles. Late Wednesday, the Florida State Senate scrapped plans to consider a bill that, if signed into law, would...
Kansas City Chiefs Garner Bulk of Super Bowl Bets in BetMGM States
There are 10 days left until Super Bowl LVIII kicks off, so changes are possible. But as things stood earlier today, the Kansas City Chiefs are commanding the significant majority of the traditional wagers in the states in which BetMGM is operational....
Sands, Wynn Among Fortune’s Most Admired Companies
Las Vegas Sands (NYSE: LVS) and Wynn Resorts (NASDAQ: WYNN) again made appearances on Fortune’s World’s Most Admired Companies list. The 2024 iteration of the rankings features 317 companies across various industries and sectors. The top 50 firms are ranked outright, while...
NFL, Media Attention Could Drive More Sports Betting Legalization
The ongoing devotion of bettors and fans to the NFL, and increased media attention could be among the factors that propel more legalization of sports wagering in the U.S. That’s the take of Macquarie analyst Chad Beynon, who, in a new report...
Trump Met With Red Rock Bosses Frank, Lorenzo Fertitta in Las Vegas
During a visit to Las Vegas last Saturday, former President and GOP front-runner Donald Trump reportedly met with several well-heeled Republican donors, including Frank and Lorenzo Fertitta of Red Rock Resorts (NASDAQ: RRR). Citing unidentified sources with knowledge of the matter, Politico...
