5082 stories by Todd Shriber
Penn Entertainment Stock Soars on ESPN Bet Enthusiasm
Penn Entertainment (NASDAQ: PENN) ranked as one of Monday’s best-performing gaming stocks amid enthusiasm for the newly launched ESPN Bet mobile sports wagering application. The regional casino operator launched ESPN Bet in 17 states on November 15 with its new iGaming brand,...
Sands Could Face Protracted Legal Battle in Bid for New York Casino
Las Vegas Sands could be in for a prolonged legal tussle as part of its plans to bring a $4 billion casino hotel at the site of the Nassau Veterans Memorial Coliseum in Uniondale, NY. Earlier this month, the appellate division of...
Macau Casino Debt Lures Bond Investors
Amid a shift away from China’s battered property market, bond investors in Asia and other parts of the world are increasingly flocking to debt issued by Macau casino operators. The bulk of Macau gaming companies carry junk ratings, meaning market participants take...
Bally’s Insiders Benefit from A’s Move, Bought Stock in Advance of MLB Vote
Bally’s (NYSE: BALY) insiders apparently gobbled up shares of the previously downtrodden stock in advance of Thursday’s Major League Baseball (MLB) owners' vote. That tally paved the way for the Oakland Athletics (A’s) to move to Las Vegas, where the gaming company...
DraftKings Merits Caution, Says Research Firm
Following another impressive run this week, shares of DraftKings (NASDAQ: DKNG) are higher by 38.31% over the past month and have surged 236.60% year-to-date, but some analysts believe some caution should be applied to the high-flying gaming company. This month, the online...
Melco Resorts Credit Outlook Upgraded by Moody’s
The outlook on Melco Resorts & Entertainment’s (NASDAQ: MLCO) credit rating was upgraded to “stable” from “negative” by Moody’s Investors Service. That move comes on the heels of strong third-quarter results issued last week by the City of Dreams operator. Rising gross...
California Nations Indian Gaming Assn. Officially Opposes Sports Bet Effort
The California Nations Indian Gaming Association (CNIGA) on Thursday officially opposed a pair of recently floated initiatives aimed at putting the matter of sports betting before the state’s voters in 2024. The Sports Wagering Regulation and Tribal Gaming Protection Act, which surfaced...
Oakland A’s Officially Secure Move to Las Vegas, Gaming and Leisure Properties Applaud Decision
It’s official. Following a unanimous vote earlier Thursday by Major League Baseball’s (MLB) owners, the Oakland Athletics (A’s) are moving to Las Vegas. As the owner of the land on which a new stadium will eventually be constructed, Gaming and Leisure Properties...
BetMGM Sees Las Vegas Grand Prix Shattering Race Handle Records
It’s Las Vegas Grand Prix Week in Sin City, and the return of Formula One (F1) to the U.S. casino center. The event will generate record weekend betting tallies for Strip integrated resorts. Sportsbooks will get in on that action, too. BetMGM...
Emerald Island, Rainbow Club Casinos Acquired by ECL Hospitality
The Emerald Island and Rainbow Club casinos, located in downtown Henderson, Nev., are being sold to a unit of ECL Hospitality Management, LLC. Boulder Highway Gaming, LLC and Water Street Gaming, LLC are the sellers of the gaming establishments, the former of...
