5082 stories by Todd Shriber
Thai Casinos Could Stir Corruption, Human Trafficking, Says Paper
Thailand could be the next great casino frontier in the Asia-Pacific region. However, naysayers believe the addition of integrated resorts in the Southeast Asian nation could facilitate more corruption and stir up increased human trafficking. In a new op-ed, the Bangkok Post...
Ainsworth Game Technology Considers Going Private
Ainsworth Game Technology, the Australian gaming device maker, is considering going private, which would remove its shares from the Australia Stock Exchange (ASX). In a filing with Australian securities regulators, the gaming company revealed that it’s considering strategic alternatives. It hired Macquarie...
DraftKings Hits New 52-Week High Following Investor Day
DraftKings (NASDAQ: DKNG) jumped 4.13% today on volume nearly double the daily average, ascending to a new 52-week high following bullish commentary from the gaming company at its investor day. After lifting 2023 earnings before interest, taxes, depreciation, amortization (EBITDA) and revenue...
MGM Could Wait Before Bidding Anew for Entain
If MGM Resorts International (NYSE: MGM) is mulling another acquisition bid for Entain Plc (OTC: GMVHY), it could take a while for that offer to come to light. That’s the take of Jefferies analyst James Wheatcroft who, in a new note to...
Mercedes to Ban F1 Team from Las Vegas Casinos, Aston Martin May Follow Suit
The Las Vegas Grand Prix, Formula One’s (F1) much-ballyhooed return to Sin City, commences this week, with the race slated for Saturday night. Some teams are already taking steps to keep drivers and employees focused on the task at hand. Mercedes team...
IGT Slump Symptom of Speculation, Not Fundamental Erosion, Says Analyst
Shares of International Game Technology (NYSE: IGT) are off 13.37% over the past month and are 22% to the downside removed from the stock’s 52-week high, exceeding the definition of a bear market. But at least one analyst believes the slump is...
Macau Casino Stocks are Again Deeply Discounted
Third-quarter earnings updates from the six Macau concessionaires were mostly strong. But shares of the casino operators haven’t reacted, and the stocks are now unusually discounted. So much so that the combined market capitalization of the six gaming companies doing business in...
Sands Nassau County Casino Effort Scores Win in New York Appeals Court
Late Friday, the appellate division of the New York State Supreme Court put a hold on a state Supreme Court ruling that the blocked lease transfer of Nassau Veterans Memorial Coliseum in Uniondale, NY. That’s the property on which Las Vegas Sands...
Court Voids Nassau Coliseum Lease Transfer for Sands New York Casino Plan
A New York State Supreme Court justice Thursday annulled a previously agreed to lease transfer of Nassau Veterans Memorial Coliseum in Uniondale, NY -- the site where Las Vegas Sands is looking to construct a $4 billion casino hotel. In May, the...
Flutter Highlights FanDuel Strength, Plans NYSE Listing for Q1
In its third-quarter trading update, Flutter Entertainment (OTC: PDYPY) cited strength in its FanDuel unit, while telling investors it plans to proceed with a U.S. share listing in the first quarter of 2024. As rival DraftKings (NASDAQ: DKNG) did last week, Flutter...
