5449 stories by Todd Shriber
WynnBET Makes Debut in West Virginia
Wynn Resorts’ (NASDAQ: WYNN) WynnBET unit announced Thursday that its internet casino and online sports wagering offerings are live in West Virginia. Bettors in that state can download the WynnBet app through the Apple and Google Play stores or register for an...
Genting Miami Property Sale Falls Apart as Commercial Real Estate Risk Rises
Genting Malaysia’s planned $1.23 billion sale of 16.5 acres of prime South Florida real estate was slated to be one of the largest commercial property transactions in the region’s history. Now, the deal is off. In a Thursday filing to Malaysian securities...
Illinois Casino Outlook Steady as New Supply Comes to Market
Outside of Nevada, Illinois is one of the largest land-based casino markets in the US -- heft that’s increasing with new venues coming online. A sell-side analyst sees vibrancy in the state’s gaming industry. That’s relevant at a time when Danville, Rockford,...
Macau Recovery Brisker Than Expected, Says Citigroup
Some analysts and gaming industry observers are concerned about tepid levels of visitation to Macau. But Citigroup suggests investors filter out the noise and focus on what are increasingly sturdy fundamentals of the six concessionaires. In a recent note to clients, Citi...
Bally’s Temporary Chicago Casino Stirs Crime, Traffic Fears
Last week, the Illinois Gaming Board (IGB) approved Bally’s plan to build a temporary casino at Medinah Temple in Chicago’s River North neighborhood. But locals are fearful the gaming venue will cause increased crime and traffic congestion. The Rhode Island-based gaming company...
Las Vegas 2022 International Visitors Led By Canada, Mexico, UK
Mexico and Canada, the southern and northern neighbors of the US, accounted for more than half of the international visits to Las Vegas in 2022. Recently released data from the Las Vegas Convention and Visitors Authority (LVCVA) indicates 3.4 million tourists from...
Bally’s Stock Slump Could Spell Opportunity, Says Analyst
Off nearly 10% over the past week and 23.79% year to date, Bally’s (NYSE: BALY) stock is mired in a lengthy slump. The year-to-date loss makes Bally’s one of the worst-performing casino operators since the start of 2023. The stock’s recent weakness...
DraftKings Wrigley Field Sportsbook Days Away from Opening
The DraftKings Sportsbook at Wrigley Field, home of the Chicago Cubs, is scheduled to open to the public on June 27. The retail sportsbook is part of a broader 10-year, $100 million marketing deal between the gaming company and the Major League...
Red Rock Resorts EBITDA Should Get Lift from Durango, Says Analyst
Slated to open later this year, Durango Casino & Resort in southwest Las Vegas will drive Red Rock Resorts’ (NASDAQ: RRR) earnings before interest, taxes, depreciation, and amortization (EBITDA) higher in the years ahead. That’s the take of Stifel analyst Steven Wieczynski,...
PointsBet to Engage with DraftKings in Takeover Talks
PointsBet (OTC: PBTHF) announced Sunday that its board of directors are evaluating a $195 million, all-cash bid for its US business submitted last Friday by DraftKings (NASDAQ: DKNG). It plans to engage in discussions with the suitor. Perhaps in an effort to...
