4977 stories by Todd Shriber
Oh, No, Ozempic: Weight-Loss Drugs Could Weigh on Casino Revenue
The soaring popularity of weight-loss drugs, including Novo Nordisk's Ozempic and Wegovy, is already having profound effects on some industries. Casino gaming could be among the groups that are vulnerable to broader usage of pharmaceuticals designed to help patients lose weight. In...
Disney Exec, Investor Cautioned Company on Sports Betting
The debut of ESPN Bet, expected in November, marks Walt Disney’s (NYSE: DIS) initial foray into the consumer-facing side of the sports wagering industry -- something a high-ranking executive and a major investor previously warned the company about. In a wide-ranging article...
MGM’s Bill Hornbuckle Sees Four UAE Casinos Being Permitted
The United Arab Emirates (UAE) could go from long forbidding casino gaming to eventually being home to as many as four casino resorts. MGM Resorts International (NYSE: MGM) CEO Bill Hornbuckle expressed that view earlier this week at the Global Gaming Expo...
Golden Entertainment Could Consider Acquisitions
Backed by a strong balance sheet, Golden Entertainment (NASDAQ: GDEN) could be on the prowl for acquisitions. That’s one takeaway offered by Deutsche Bank analyst Carlo Santarelli following meetings with Golden management this week at the Global Gaming Expo (G2E) in Las...
Scattered Spider Waited Before Making MGM Ransom Demand
“Scattered Spider,” the group of hackers that recently infiltrated the technology systems of two major casino operators, waited several days before making financial demands of MGM Resorts International (NYSE: MGM). In an interview with Bloomberg earlier this week, MGM CEO Bill Hornbuckle...
DraftKings CEO Robins Ready for Competition, Sees Growth in Women’s Sports, Live Betting
DraftKings (NASDAQ: DKNG) co-founder and CEO Jason Robins sees women’s sports and live wagering as likely growth drivers of the US sports betting industry going forward. Robins made related comments during Wednesday’s keynote address at the Global Gaming Expo (G2E) in Las...
FanDuel CEO Howe Talks State Dynamics, Taylor Swift at G2E
FanDuel CEO Amy Howe said there’s still plenty of new prospective bettors to be brought into the sports wagering fold in seemingly mature states -- a point that if accurate, could augur well for the growth trajectory of US sports wagering industry....
Caesars Stock-Buying Opportunity Near, Says Analyst
Shares of Caesars Entertainment (NASDAQ: CZR) have been in a funk, shedding 14.37% over the past month. But at least one analyst believes the gaming stock has rebound potential, and could be presenting investors with a buying opportunity. Following meetings with Caesars...
Churchill Downs CEO Carstanjen Says TwinSpires Isn’t For Sale
Signaling optimism about the long-term trajectory of pari-mutuel wagering in the US, Churchill Downs (NASDAQ: CHDN) CEO Bill Carstanjen emphatically refuted rumors that the company’s TwinSpires unit is for sale. Carstanjen made those remarks in a conversation with CNBC’s Contessa Brewer earlier...
BetMGM Partnership Unlikely to Be Permanent, Says Entain CEO
Since inception, BetMGM has been a 50/50 joint venture between MGM Resorts International (NYSE: MGM) and Entain Plc (OTC: GMVHY). That will remain the case for the foreseeable future, but a time could come when the partnership dissolves. Entain CEO Jette Nygaard-Andersen...
