4979 stories by Todd Shriber
Arizona Fielding Applications for Three More Sports Wagering Permits
Already one of the country’s most vibrant and fastest-growing sports wagering markets, Arizona is poised to expand the number of regulated sportsbooks operating in the state. The Arizona Department of Gaming (ADG) is scheduled to hold an informational session later this month,...
Gaming and Leisure, VICI Downgraded on Valuation Concerns
Gaming and Leisure Properties (NASDAQ: GLPI) and VICI Properties (NYSE: VICI), the two publicly traded casino landlords, were downgraded on concerns that their valuations are stretched and that near-term acquisition opportunity is limited. In a note to clients on Wednesday, Deutsche Bank...
Insider Trading Duo Profited from Penn Takeover of Score Media
The Securities and Exchange Commission (SEC) recently levied insider trading charges against two men for trading on nonpublic information. A transaction involving Penn Entertainment (NASDAQ: PENN) was one of the deals from which the duo allegedly profited. The SEC alleges that Steven...
Fanatics Founder Rubin Splurges on $50 Million Hamptons Mansion
Fanatics founder Michael Rubin is adding to his portfolio of luxury real estate, having recently acquired a Hamptons mansion for $50 million. Located on East Long Island, the Hamptons has long been the premier summer destination for wealthy New Yorkers and celebrities....
ESPN Reportedly Adds Betting Analyst Kezirian to Layoff List
Sports betting analyst Doug Kezirian may be among the on-air personalities sent packing by ESPN in a new round of budget cuts. Various media outlets reported late Monday that Kezirian and boxing analyst Andre Ward were added to a list of 20...
Light & Wonder Says CFO James to Depart, Reaffirms 2025 EBITDA Target
Light & Wonder (NASDAQ: LNW) announced that CFO Connie James is leaving the company on Aug. 25 to pursue a role outside the gaming industry. The gaming device manufacturer said Senior Vice President of Corporate Finance Oilver Chow will serve as interim...
DraftKings Stock Charts, Options Activity Could Signal More Upside
In Monday’s abbreviated trading session, DraftKings (NASDAQ: DKNG) stock closed lower by 1.58%. But it’s still higher by 35% over the past 90 days, and 129.59% year-to-date. Impressive numbers to be sure, and those figures could imply the gaming stock is ripe...
Macau Concessionaires Reaping Cash Flow Rewards as GGR Recovers
Amid a strong recovery in gross gaming revenue (GGR) in the first half of the year, Macau casino operators are posting solid levels of free cash flow. While June’s GGR figures in the special administrative region (SAR) declined on a month-over-month basis,...
Okada Manila Attempts to Scrap SPAC Deal as 26 Capital Balks
Universal Entertainment and other entities with ties to Okada Manila are attempting to scrap a merger with Capital Acquisition Corp. (NASDAQ: ADER). But Jason Ader’s blank check company is planning on moving forward with the transaction. In a new regulatory filing, Japan-based...
Regional Casino Stocks Not Investor Faves, Says Analyst
Shares of casino operators with Las Vegas Strip and Macau exposure are performing well this year, but showings for regional casino stocks are far more tepid. In a new report to clients, Deutsche Bank analyst Carlo Santarelli noted that while the regional...
