5316 stories by Todd Shriber
Penn Entertainment Breaks Ground on M Resort Expansion
Penn Entertainment held a groundbreaking ceremony Monday at the M Resort Spa Casino in Henderson, Nev. to mark the start of a significant expansion of the property. The Pennsylvania-based regional casino operator announced last October that the M, which is located about...
Sands, Wynn Among Growth Stocks Trading at Attractive Prices, Says Goldman Sachs
Investors searching for growth stocks trading at reasonable prices have plenty to pick from in the consumer discretionary sector, including Las Vegas Sands (NYSE: LVS) and Wynn Resorts (NASDAQ: WYNN). In a recent note to clients, Goldman Sachs offered up growth at...
Sands Group Bought Dallas Land Prior to Miriam Adelson Mavericks Deal
A limited liability corporation (LLC) with ties to Las Vegas Sands (NYSE: LVS) scooped up 108 acres of land near Texas Stadium in Irving, Texas, in July, just months before Dr. Miriam Adelson sold shares in the casino operator to fund her...
Reno Firecreek Casino Halted Due to Tough Financing Environment
Elevation Entertainment is halting the Firecreek Crossing Resort-Casino plans in Reno, citing a rough financing environment. The news arrived about a year after the company announced plans for the venue. Firecreek Crossing Resort-Casino would have been the newest casino in Reno, following...
Flutter Eyes Jan. 29 NYSE Listing, to Be Removed from EUROSTOXX Index
Flutter Entertainment (OTC: PDYPY) told investors it's eyeing Monday, Jan. 29, for its debut on the New York Stock Exchange (NYSE). That announcement follows a 20-F filing with the Securities and Exchange Commission (SEC). The FanDuel parent is expected to trade in...
Singapore GGR Could Jump 10% in 2024, Says Ratings Agency
After posting what’s likely to be a 15% increase in gross gaming revenue (GGR) this year, Singapore’s two integrated resorts could notch a 10% GGR jump in 2024. That forecast arrived courtesy of Fitch Ratings, which noted GGR generated this year by...
Long Island Casino Environmental Review Moves Forward
Amid legal challenges from Hofstra University, an environmental review that’s a necessary component of Las Vegas Sands’ efforts to potentially build a casino hotel in Long Island, NY is proceeding. On Tuesday, policymakers in the town of Hempstead voted unanimously to make...
Sphere Entertainment Earns Price Target Lift as Profitability Emerges
After plunging Tuesday, shares of Sphere Entertainment (NYSE: SPHR) rallied Wednesday after the company forecast positive adjusted operating income (AOI) for its fiscal second quarter, an impressive feat when considering Wall Street was expecting a loss. Sphere detailed the profitability expectations in...
DraftKings Debuts Pick6, New Peer-to-Peer Fantasy Game
DraftKings on Wednesday announced the launch of Pick6, a new peer-to-peer fantasy sports game rooted in the more or less concept. The debut of Pick6 arrived almost three months after DraftKings filed an application with the US Patent and Trademark Office (USPTO)...
California Sports Betting Backers Amend Proposals
Eagle1 Acquisitions Corp., LLC, the group behind a pair of recently launched California sports betting pitches, submitted amendments to those proposals to the California Attorney General’s office in a potential effort to gain favor with the state’s Tribal gaming consortiums. Since the...
