5081 stories by Todd Shriber
Deion Sanders’ Colorado Prime Pain for Sportsbook Operators, Says Analyst
The 2023 college football season is just two weeks old, but sportsbook operators are already feeling adverse hold effects due to the resurgent Colorado Buffalos, led by coach Deion “Primetime” Sanders. In a note to clients today, Macquarie analyst Chad Beynon estimated...
Newsday Slams New York Casino Process
New York’s slow-moving process to award three downstate casino licenses was derided in a Newsday op-ed, with the media outlet noting an exercise that started as energetic has now turned lethargic. Late last month, the New York State Gaming Commission (NYSGC) and...
MGM Must Disclose Ransomware Demand if it Pays One
As of late Monday, MGM Resorts International (NYSE: MGM) is still grappling with the effects of what appears to be a large-scale cybersecurity breach. Should it become clear that the perpetrators made a ransom demand -- a common tactic in cybercrime --...
Caesars Sportsbook Shows Live Betting Advantage, Says Analyst
Pending Monday Night Football tonight, week one of the 2023 NFL season is in the books and Caesars Entertainment’s (NASDAQ: CZR) showed it might be building a technological advantage over rivals. In a note to clients Monday, Wells Fargo analyst Daniel Politzer...
Red Rock Stock Primed for Upside on Las Vegas Locals Strength
Red Rock Resorts (NASDAQ: RRR) stock could be a winner amid ongoing strength in the Las Vegas locals market -- the operator's key constituency. That’s the take of Susquehanna analyst Joseph Stauff, who initiated coverage of the casino operator with a “positive”...
Bally’s Buys Trump Bronx Golf Course, Hopes for New York Casino License
Bally’s (NYSE: BALY) is reportedly purchasing Trump Golf Links at Ferry Point in the Bronx, NY, in hopes of eventually building a casino on the property. The links is currently owned by the Trump Organization, President Donald Trump’s family conglomeration. Citing unidentified...
DraftKings Picks Up Sponsorship of ‘NFL RedZone’
DraftKings will reportedly become the presenting sponsor of the NFL Network’s NFL RedZone -- the popular look-in show that allows viewers to watch multiple games at once. Neither the gaming company nor the league made an official announcement regarding the parternship. But multiple...
Okada Manila Notches Legal Win, Court Rules SPAC Deal Can Be Terminated
Universal Entertainment Inc. and its affiliates with ties to the Okada Manila integrated scored a legal victory Thursday when a judge in the Delaware Court of Chancery ruled the gaming entity doesn’t need to move forward with a reverse merger proposed by...
MGM CEO Bill Hornbuckle Bullish on Las Vegas, Japan, Eyes UAE
MGM Resorts International (NYSE: MGM) CEO Bill Hornbuckle is bullish on the company’s positioning in Las Vegas, noting the operator stands to benefit from a slew of upcoming marquee events at local arenas and stadiums. In comments made Thursday at the Bank...
VICI Properties, Casino Landlord, Boosts Dividend 6.4%
VICI Properties (NYSE: VICI), the largest casino landlord in the US, announced Thursday it is increasing its quarterly dividend to 41.5 cents a share from the current rate of 39 cents. That means the Caesars Palace owner’s annual payout will rise 6.4%...
