5315 stories by Todd Shriber
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...
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...
Caesars Tussling with Bally’s, Mohegan to Retain Ontario Casino License
Caesars Entertainment (NASDAQ: CZR) has operated its eponymous casino in Windsor, Ontario, since the venue opened three decades ago. However, the company faces competition for those rights for the first time. The Ontario Lottery and Gaming Corp., the regulatory agency that officially...
Macau Q4 Earnings Slated to Rise, Led by Melco, Wynn, Others
Fourth quarter earnings before interest, taxes, depreciation, and amortization (EBITDA) for the six Macau concessionaires are expected to rise 6% in aggregate, led by SJM Holdings and Wynn Macau. That's according to Citi analysts George Choi and Ryan Cheung. In a new...
Fontainebleau Miami Owner Hopes Political Donations Secure New Casino
With multiple gaming expansion bills on the docket in the Florida legislature this year, Fontainebleau Miami Beach owner Jeffrey Soffer has been opening his wallet to state politicians in hopes of bringing a casino to the famed hotel. Recent campaign finance reports...
