5449 stories by Todd Shriber
NBA Approves Dallas Mavericks Sale, Team to Remain in Texas, Says Cuban
On Wednesday, the NBA Board of Governors confirmed the sale of a controlling interest in the Dallas Mavericks to the families of Dr. Miriam Adelson and Sivan and Patrick Dumont. Adelson is the widow of Las Vegas Sands (NYSE: LVS) founder Sheldon...
HG Vora Demands Penn Entertainment Board Seats as Shares Disappoint
HG Vora, a hedge fund with a track record of investing in casino equities, has built an 18.5% stake in Penn Entertainment (NASDAQ: PENN) and is requesting that the gaming company grant it board seats. In a new 13D filing with the...
New York Casinos Could Rival Las Vegas Strip, Says Light & Wonder Exec
The gaming revenue generated by just three New York City-area casinos could rival or surpass levels seen on the Las Vegas Strip. That’s the take of Howard Glaser, global head of government affairs at Light & Wonder. Glaser’s view on the matter...
Full House Opens Chamonix, Newest Colorado Casino Hotel
Full House Resorts (NASDAQ: FLL) opened its highly anticipated Chamonix Casino Hotel in Cripple Creek, Colo. on Wednesday. Along with American Place in Waukegan, Ill., Chamonix, named for the French Alps community near the Italy and Switzerland borders, is expected to be...
Golden Entertainment Could Use Route Sale Cash to Boost Pahrump Casinos
In March of this year, Golden Entertainment (NASDAQ: GDEN) announced the sale of its distributed gaming operations in Montana and Nevada to privately held J&J Ventures Gaming. That transaction, which was recently approved by Nevada gaming regulators, garnered a price tag of...
Genius Sports Tagged with Outperform Rating at Macquarie
Sports betting data provider Genius Sports (NYSE: GENI) closed modestly higher Thursday on above-average volume after the stock earned some sell-side praise. In a new report to clients, Macquarie analyst Chad Beynon initiated coverage of the stock with an “outperform” rating and...
Las Vegas Sands Added to Deutsche Bank Fresh Money List
Las Vegas Sands (NYSE: LVS) was added to Deutsche Bank’s “Fresh Money List” for the first quarter of 2024. It is a group of stocks on which the research firm has high convictions entering the new year. The largest casino operator by...
Entain Could Sell BetMGM Stake or Itself to MGM, Says Jefferies Analyst
Amid the recent departure of CEO Jette Nygaard-Andersen and increased action in the stock by activist investors, the time could be appropriate for Entain Plc (OTC: GMVHF) to consider dramatic action. That’s the take of Jefferies analyst James Wheatcroft. In a new...
Durango Casino Off to Fast Start, Small Risk of Red Rock Cannibalization, Say Analysts
Red Rock Resorts’ (NASDAQ: RRR) newly minted Durango Casino & Resort in Southwest Las Vegas is off to an impressive start following its December 5 debut, according to analysts that cover the gaming company. The $750 million venue aims to fill a...
Churchill Downs Buying $123.75M of Own Shares from Duchossois Group
Churchill Downs (NASDAQ: CHDN) announced Monday that it will buy back one million of its shares for $123.75 apiece from an affiliate of the Duchossois Group. That values the transaction at $123.75 million, and the per-share price represents a discount from Monday’s...
