5217 stories by Todd Shriber
New York Nepotism: Hochul Appoints Daughter of Casino Lobbyist
Gov. Kathy Hochul (D-NY) could be fostering criticism for nepotism with her latest appointment to the New York Gaming Commission (NYGC). The Democrat appointed Marissa Shorenstein to the commission. Shorenstein is the daughter of Stuart Shorenstein, a long-time gaming lobbyist in New...
Barstool Sports Inks Deal with Rumble
Barstool Sports announced Monday that it's teaming up with Rumble (NASDAQ: RUM), the right-leaning video-sharing platform. Financial terms of the deal weren’t disclosed, but news of the agreement sent shares of Florida-based Rumble higher by more than 32% in volume, which is...
International Game Technology Cutting Debt in Impressive Fashion
International Game Technology (NYSE: IGT) has notably reduced its debt, potentially positioning itself to meet management leverage targets over the next several years. Supported by strong third-quarter earnings growth, the gaming device manufacturer is expected to have driven earnings before interest, taxes,...
Golden Nugget Danville Casino Already Helps Charities, Public Pensions
The Golden Nugget Danville Casino opened last May in Illinois. Since then, revenue from the property has been a boon to local charities and previously ailing public pensions. While the city forecasts $2 million in yearly receipts in casino revenue alone, the...
GambetDC Sports Betting App on Thin Ice in Washington, DC
GamebetDC -- the controversial sports wagering mobile application offered by the DC Lottery -- could be on borrowed time. Washington, DC’s contract with operator Intralot expires in July and DC Lottery appears open to pulling control of mobile sports betting in the...
HG Vora Blasts Penn Entertainment Over Board Composition
HG Vora, which is the largest investor in Penn Entertainment (NASDAQ: PENN), demanded the regional casino restructure its board of directors while claiming the current configuration violates Pennsylvania corporate law. In a recent letter to the gaming company signed by Mandy Lam,...
DraftKings Upgraded, Analyst Sees Outlook Besting Headwinds
After more than tripling last year, shares of DraftKings (NASDAQ: DKNG) scuffled to start 2024 as state-level data indicated a modest loss of market share to rivals ESPN Bet and FanDuel. At least one analyst believes the DraftKings pullback is buyable. In...
DraftKings, TUMS Bring Betting to Super Bowl Snacking
Betting on sports can cause heartburn. So can overindulging when it comes to snacking at Super Bowl parties. DraftKings and antacid maker TUMS are seizing upon those themes with a new free-to-play game, Tums Prop Bites. Inspired by increasingly popular proposition wagers,...
Red Rock Resorts Draws Wall Street Cheer
Red Rock Resorts (NASDAQ: RRR) traded slightly higher Thursday after the stock price and corporate debt numbers were lauded by analysts. With the support of the new Durango Casino & Resort in Southwest Las Vegas, there could be upside ahead for shares...
Caesars Previews Q4 Results, Likely to Miss EBITDA, Revenue Estimates
Caesars Entertainment (NASDAQ: CZR) delivered a preliminary view of its fourth-quarter results to investors on Thursday, and it appears the company will likely miss analysts’ earnings before interest, taxes, depreciation, and amortization (EBITDA), and sales estimates. In a Form 8-K filing with...
