5359 stories by Todd Shriber
Miriam Adelson Selling $2B in Sands Stock, Company to Buy Back $250M
Dr. Miriam Adelson and the Miriam Adelson Trust are selling $2 billion worth of Las Vegas Sands (NYSE: LVS) stock in a transaction that won't generate any proceeds for the gaming company her late husband, Sheldon Adelson, founded. Bank of America Securities...
New York Pitches Zoning Law Changes to Accommodate Casinos
Mayor Eric Adams (D-NY) is hoping to alter some New York City zoning laws in an effort to be more accommodating to proposed casino hotels. Under the changes proposed by the Adams Administration, gaming venues could be located in the city’s manufacturing...
California Sports Betting Not Making Headway with Voters
California sports betting isn’t making much headway with state voters this year. That's compared to the 2022 election cycle, in which a pair of sports betting ballot initiatives were soundly defeated in the state. That could further confirm that the introduction of...
Elys Game Technology Rallies on DC, US Expansion Plans
Shares of Elys Game Technology (OTC PINK: ELYS), a gaming technology provider, rallied Tuesday after the company said it will add a third retail sportsbook in Washington, DC, adding that it plans to expand into several states. The company provides sports betting...
Entain Suffers Double Downgrade by Goldman as Activists Circle
Entain (OTC: GMVHF) endured a double downgrade by Goldman Sachs with the bank lowering its rating on the gaming stock to “sell” from “buy" late Monday evening. In skipping over “hold,” Goldman slashed its price target on the Ladbrokes owner by 43.4%...
Flutter Stock Sell-off Overdone, US Listing Potential Catalyst, Says Analyst
Shares of Flutter Entertainment (OTC: PDYPY) are up 13.77% year to date. But gaming equity has entered a bear market over the past six months. At least one analyst argues the repudiation is overdone, and positive catalysts lie ahead for the stock....
Pansy Ho Not Liquidating MGM China Equity Stake
Pansy Ho, cochairperson at MGM China, is unlikely to materially alter her stake in the gaming company, despite a recent move that suggests otherwise. Ho, Macau casino patriarch Stanley Ho’s eldest daughter, recently deposited the entirety of her equity interest in MGM...
DraftKings Data Confirms F1 Gaining Popularity Among Bettors
Helped by the event taking place in Sin City, last week’s Las Vegas Grand Prix was, for many sportsbooks, the most wagered on formula race ever. That sentiment extended to online sportsbook operators as well with DraftKings noting the first Las Vegas...
Bragg Gaming Soars as Investor Pushes for Sale
Shares of Bragg Gaming (NASDAQ: BRAG) soared Wednesday after an investor pushed the company to consider strategic alternatives, including a possible sale. Raper Capital founder Jeremy Raper, who oversees entities managing 375K shares of the gaming company, penned a letter to Bragg...
Las Vegas Grand Prix Most-Wagered F1 Race in BetMGM History
Last Saturday’s inaugural Las Vegas Grand Prix was the most bet-on Formula One (F1) race in the history of BetMGM. The race was won by Dutchman Max Verstappen, F1's three-time defending champion. Verstappen generated the largest individual wager at BetMGM, as one...
