5589 stories by Todd Shriber
Penn Entertainment Has Short-Term Upside, Says Analyst
Shares of Penn Entertainment (NASDAQ: PENN) rallied Thursday after a sell-side analyst said the long downtrodden gaming stock has near-term upside potential. The regional casino equity gained 8.72% today on volume, which was more than 60% above the daily average, trimming its...
Vista Equity Reportedly Shopping Stats Perform
Private equity firm Vista Equity Partners is rumored to be shopping sports data provider Stats Perform. Bloomberg reported the news earlier Thursday, citing unidentified sources with knowledge of the matter. It’s unclear what Vista Equity’s timeline is for divesting Stats Perform, nor...
IGT Stock Surges on Rumor Apollo Mulling Bid for Gaming Unit
International Game Technology (NYSE: IGT) was one of Thursday’s best-performing gaming stocks, as the shares surged following a report that Apollo Global Management (NYSE: APO) is considering a bid for the company's global gaming division. On the news, shares of IGT surged...
Caesars’ Rewards Database Targeted by Hackers, Says Company
Caesars Entertainment (NASDAQ: CZR) confirmed today that it was recently the victim of a cyber attack and that the bad actors targeted the Caesars Rewards database, among other data troves, held by the gaming company. The casino operator revealed in a Form...
Caesars Bails on UAE Just as Things There Are Looking Interesting
Caesars Entertainment (NASDAQ: CZR) is abandoning a non-gaming hotel in Dubai just as a new casino policy in the United Arab Emirates (UAE) appears to be taking shape. In a statement issued earlier Wednesday, Singapore-based hospitality group Banyan Tree announced it’s taking...
MGM Cyber Breach Looks Like ‘Widespread Ransomware Attack’
MGM Resorts International (NYSE: MGM) is still dealing with the impact of a large-scale cybersecurity breach. While the casino operator hasn’t commented to this effect, at least one industry insider believes the event has the hallmarks of a ransomware attack. In ransomware...
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...
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...
