5136 stories by Todd Shriber
International Game Technology a Value Bet, Says Analyst
Shares of International Game Technology (NYSE: IGT) are higher by 42.64% year to date, but that scintillating run doesn’t imply a lack of value. Following a second quarter in which the company’s gaming and lottery units displayed clear momentum, some analysts are...
Caesars Stock Remains Analyst Fave Despite Tepid Q2 Results
Caesars Entertainment (NASDAQ: CZR) didn’t knock the cover off the ball Tuesday with its second-quarter results. But the stock remains a gaming favorite of sell-side analysts. In midday trading on Wednesday, shares of the Horseshoe operator are lower by more than 4%,...
Caesars Digital Notches First Profitable Quarter
Initial reaction to Caesars Entertainment’s (NASDAQ: CZR) second-quarter results was glum, as highlighted by a nearly 2% decline in Tuesday’s after-hours trading session, but there was a silver lining in the report: Caesars Digital was profitable in the June quarter. Caesars Digital,...
Betr Introducing Fantasy Picks Game
Sports wagering startup Betr is entering the fantasy sports space with a new “pick 'em” game that, over the long term, could be additive to the company’s sports betting efforts. Betr Picks is a real money game with binary choices, such as...
Cosmopolitan to Join MGM Rewards in February 2024
The Cosmopolitan of Las Vegas will make its long-awaited entry into the MGM Rewards loyalty program on Feb. 1, 2024. MGM Resorts International, the operator of the posh Strip casino resort, made the announcement on Tuesday. The news arrives about 15 months...
Golden Entertainment Declares Special Dividend, Boosts Buyback Program
Golden Entertainment (NASDAQ: GDEN) is joining the growing list of casino operators paying dividends, albeit in what appears to be temporary fashion. In conjunction with the release of its second-quarter earnings, the Strat operator said its board of directors approved a special...
Universal Accused of ‘Suspicious Activity’ in Legal Rift with Ader SPAC
Universal Entertainment, the parent company of the Okada Manila casino resort, may have engaged in dubious activity potentially bordering on bribery in an effort to gain favor among authorities in the Philippines. That’s according to a pretrial brief filed as part of...
FOX Bet Officially Bites the Dust
It’s official. News Corp (NASDAQ: NWSA) and Flutter Entertainment (OTC: PDYPY) pulled the plug on FOX Bet. Speculation to that effect surfaced last week and the two companies made it official with a press statement issued Sunday. Flutter Entertainment and Fox Corp....
Churchill Downs to Restart Racing at Namesake Track in September
After moving its spring meet following the deaths of 12 horses, Churchill Downs (NASDAQ: CHDN) announced Monday it will restart racing at its eponymous Kentucky racetrack in September. Racing will restart at Churchill Downs in Louisville, Ky. on September 14 after it...
FOX Bet Looks Like Latest US Sports Wagering Death, Closure Said to Be Imminent
FOX Bet could become the latest casualty of the ultra-competitive US sports wagering landscape and its official obituary could be penned as soon as next Monday. Citing unidentified sources with knowledge of the matter, Bloomberg reported News Corp (NASDAQ: NWSA) and Flutter...
