5359 stories by Todd Shriber
Dallas City Council Split on Casinos
Amid incremental momentum for Dallas becoming home to a casino hotel, the city council has diverging viewpoints on the issue. Sivan and Patrick Dumont and an entity tied to Las Vegas Sands (NYSE: LVS) acquiring 108 acres of land near Texas Stadium...
Barstool Sports Inks Deal with Rumble
Barstool Sports announced Monday that it's teaming up with Rumble (NASDAQ: RUM), the right-leaning video-sharing platform. Financial terms of the deal weren’t disclosed, but news of the agreement sent shares of Florida-based Rumble higher by more than 32% in volume, which is...
International Game Technology Cutting Debt in Impressive Fashion
International Game Technology (NYSE: IGT) has notably reduced its debt, potentially positioning itself to meet management leverage targets over the next several years. Supported by strong third-quarter earnings growth, the gaming device manufacturer is expected to have driven earnings before interest, taxes,...
Golden Nugget Danville Casino Already Helps Charities, Public Pensions
The Golden Nugget Danville Casino opened last May in Illinois. Since then, revenue from the property has been a boon to local charities and previously ailing public pensions. While the city forecasts $2 million in yearly receipts in casino revenue alone, the...
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,...
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...
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...
