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Todd Shriber
5661 stories by Todd Shriber
Cosmopolitan Loyalty Program Joining MGM Rewards on July 30
More than two years after MGM Resorts International purchased the Cosmopolitan Las Vegas, the glitzy Strip venue’s Identity Membership & Rewards program will convert to MGM Rewards on July 30. MGM reached a deal in...
DraftKings Faces NFT Securities Suit as Judge Rules Howey Test Is Valid
DraftKings (NASDAQ: DKNG) must face class action litigation after a federal judge ruled the non-fungible tokens (NFTs) offered on the company’s DraftKings Marketplace pass muster as securities. On Tuesday, US District Judge Denise Casper ruled...
MGM Stock Has Makings of a Winner, Says Analyst
As highlighted by a year-to-date loss of 3.11%, MGM Resorts International (NYSE: MGM) stock has spent much of 2024 dithering, but a 7.66% jump over the past month indicates the shares have some momentum. Some...
DraftKings Rumored to Be Mulling VSiN Sale in Barstool/Penn-Style Deal
DraftKings (NASDAQ: DKNG) is rumored to be considering the sale of the Vegas Sports Information Network (VSiN), the Las Vegas-based sports wagering radio network it acquired for $70 million in March 2021. Eilers & Krejcik...
Chicago Pension Mess Highlights Need for Bally’s Casino
Chicago is sitting on a ticking time bomb of underfunded public pension obligations, underscoring the need to haul in revenue from Bally’s planned permanent casino hotel -- a project some local politicians and residents view...
Nevada In-Person Requirement Hampering Sports Betting Revenue
When the Supreme Court handed down its ruling on the Professional and Amateur Sports Protection Act (PASPA) in 2018, it was widely known that Nevada would lose its monopoly on regulated sports wagering in the...
Wynn Resorts Stock Could Rise on High-End Strip Momentum
Data out Wednesday confirm Nevada casinos posted the best May on record in terms of gross gaming revenue (GGR), which checked in at $1.32 billion of which $742 million was attributable to the Las Vegas...
MGM Online Gaming Efforts Could Be Credit Tailwind
Earlier this week, MGM Resorts International (NYSE: MGM) said that its LeoVegas unit is acquiring the the US iGaming and sportsbook operations of Tipico Group for an undisclosed sum -- a purchase that’s already drawing...
Red Rock Eyes Bigger Casino, More Parking in Durango Expansion
Following a fast start by Durango Casino & Resort in Southwest Las Vegas, operator Red Rock Resorts is already eyeing expansion of the venue, which opened last December. Next week, the Clark County Zoning Commission...
Washington, DC Could Soon Have a Competitive Sports Betting Market
Washington, DC could soon allow multiple operators to conduct mobile sports wagering in the District after City Council member Kenyan McDuffie’s (I-At Large) amendment to broaden the market was included in the council’s proposed budget...
