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Todd Shriber
5765 stories by Todd Shriber
Gaming CEOs Mostly Bullish, But See Some Challenges
Gaming chief executive officers (CEOs) are mostly constructive on the near-term outlook for the industry while holding more enthusiastic attitudes about long-term trends. A recent survey by the American Gaming Association (AGA) indicates 94% of...
Tipico Mulling Sale of US Sportsbook, MGM Rumored Suitor
German sportsbook operator Tipico is reportedly evaluating a sale of its US operations and rumors are circulating that MGM Resorts International (NYSE: MGM) could be a suitor. Tipico is majority owned by CVC Capital Partners...
Cracks Emerging on Las Vegas Strip Says Analyst
Las Vegas Strip casino hotels have experienced a torrid pace of recovery following the darkest days of the coronavirus pandemic, but there are signs lethargy is setting in. In a note to clients on Tuesday,...
DraftKings Spent $2.2 Million on Security, Travel for Jason Robins, $61K on Event Tickets
DraftKings (NASDAQ: DKNG) spent more than $2.22 million on air travel and security expenditures for co-founder and CEO Jason Robins in 2023, and the perks the gaming company lavished upon high-ranking executives don’t end there....
Caesars Appoints Kim Harris Jones to Board of Directors
Caesars Entertainment (NASDAQ: CZR) today announced the appointment of Kim Harris Jones to its board of directors. Harris Jones, who has extensive experience as a high-ranking executive in both the consumer discretionary and consumer staples...
Hard Rock, Royal Caribbean Unveil Loyalty Program Agreement
Tribal casino giant Hard Rock International and Royal Caribbean Group on Friday announced a wide-ranging agreement pertaining to members of both companies' travel and leisure loyalty programs. Members of the Unity by Hard Rock, Celebrity...
GLPI Execs Say Tropicana Met Usefulness, Interested in Bally’s Chicago
On the real estate company’s first-quarter earnings conference call, Gaming and Leisure Properties (NASDAQ: GLPI) executives signaled the recently Tropicana Las Vegas met its shelf life and the fate of the venue operating as a...
ESPN Bet Sportsbook Debuts at Greektown Casino in Detroit
The first retail sportsbook bearing the ESPN Bet name opened Wednesday at Penn Entertainment’s Hollywood Casino at Greektown in downtown Detroit. Penn has been using the ESPN brand on its mobile sports wagering platform since...
Churchill Downs Posts Record Q1 Revenue, Analyst Bullish on Virginia Properties
Shares of Churchill Downs (NASDAQ: CHDN) jumped 3.74% in after-hours trading Wednesday after the gaming company reported record first-quarter sales and earnings that topped Wall Street estimates. The operator of the famed Kentucky racetrack of...
Inflation, Interest Rates Weighing on Gaming Industry M&A, Says Analyst
Entering this year, it was widely expected that the Federal Reserve would pare interest rates from 20-year highs, potentially unleashing a wave of mergers and acquisitions activity in the casino gaming industry, but that scenario...
