Main menu
Todd Shriber
5708 stories by Todd Shriber
Penn Downgraded as Analyst Sees Little Hope of Near-Term Sale
Shares of Penn Entertainment (NASDAQ: PENN) slumped Tuesday after an analyst downgraded the stock, in part citing long odds that the regional casino operator sells itself over the near term. In a note to clients...
VICI Properties Gets Analyst Nod Ahead of Earnings Update
Shares of VICI Properties (NYSE: VICI) rallied Monday after Jefferies analyst David Katz reiterated a bullish view on the real estate investment trust (REIT) ahead of its second-quarter earnings report. Katz said he and his...
MGM Acquiring Tipico’s US Sportsbook Operations
MGM Resorts International (NYSE: MGM) announced that it's acquiring the US iGaming and sportsbook operations of Tipico Group. Financial terms of the transaction weren’t revealed. The Las Vegas-based casino giant said its LeoVegas Group unit...
Red Bull in Mix for Las Vegas NBA Franchise
Red Bull GmbH is looking to expand its sports empire and that could reportedly include acquiring a new NBA franchise, potentially in Las Vegas. Unidentified sources close to the matter told Bloomberg that Red Bull...
Penn Entertainment Pops on Report of $9 Billion Offer by Boyd Gaming
Shares of Penn Entertainment (NASDAQ: PENN) were halted late Thursday and subsequently rallied following a report indicating that Boyd Gaming (NYSE: BYD) may be preparing a takeover bid of more than $9 billion for the...
Sports Betting Taxes: More Coming, but Not In Illinois Style
Illinois recently passed a graduated tax scheme for online sportsbook companies operating in the state, meaning the largest by revenue will pay significantly more taxes than their smaller counterparts. That tax hike, which goes into...
FTC Files Petition to Force MGM Resorts to Comply with Cyberattack Demands
Just days after MGM Resorts International (NYSE: MGM) sued the Federal Trade Commission (FTC) in a bid to block the commission’s demands for records pertaining to the 2023 cyberattack that crippled the gaming company, the...
Wynn Can Self-Fund UAE Casino Resort, Says Analyst
Wynn Resorts (NASDAQ: WYNN) is capable of self-funding its portion of the Wynn Al Marjan Island integrated resort in Ras Al Khaimah, United Arab Emirates (UAE). Earlier this year, the gaming company, which is a...
Nassau County to Hold Hearing on Sands Casino Lease Transfer
Nassau County and Las Vegas Sands will get another shot to rectify issues surrounding the county’s transfer of lease rights on Nassau Hub to the gaming company later this week at a public hearing conducted...
Florida Ruling Could Be Template for California Sports Betting, Says Analyst
On Monday, the United States Supreme Court declined to hear an appeal challenging Florida’s decision permitting the Seminole Tribe to conduct online sports wagering via computer servers located on tribal land. Not only does the...
