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Todd Shriber
5664 stories by Todd Shriber
VICI Properties Boosts 2023 FFO Guidance
VICI Properties Inc. (NYSE: VICI), the largest U.S. casino landlord, raised its full-year funds from operations (FFO) guidance late Wednesday following its third-quarter earnings report. The owner of Caesars Palace lifted its 2023 FFO forecast...
Gaming and Leisure Properties May Boost Tropicana Stadium Commitment
Gaming and Leisure Properties (NASDAQ: GLPI) previously said it will commit $175 million in financing for a baseball stadium at the site of Tropicana on the Las Vegas Strip. However, an analyst who covers the...
Zero Bond, New York Social Club, Opening at Wynn Las Vegas
Zero Bond, the famous New York City social club, is expanding beyond its home city, announcing a partnership with Wynn Resorts to bring the club to Wynn Las Vegas. Zero Bond will be the lone...
MGM, Wynn Highlighted as Travel, Leisure Stock Winners
On a day of broad-based strength for gaming equities, MGM Resorts International (NYSE: MGM) and Wynn Resorts (NASDAQ: WYNN) were two of the standouts after a sell-side analyst waxed bullish on travel and leisure stocks....
DraftKings, Fanatics, FanDuel Unlikely to Debut in Nevada Anytime Soon
Leading online sportsbook operators FanDuel and DraftKings, and upstarts such as Fanatics, are unlikely to enter Nevada anytime soon. That's signaling reluctance to embrace the state’s in-person registration requirement for mobile sports betting accounts. As...
MAO Gaming Sues Ameristar Casino in Colorado Alleging Trademark Infringement
Table games supplier MAO Gaming has filed a lawsuit against Penn Entertainment’s (NASDAQ: PENN) Ameristar Casino in Black Hawk, Colo. It claims the operator infringed on trademarks pertaining to MAO’s STREAK blackjack game. As of...
McLaren Establishes ‘Brand Beacon’ at Wynn Las Vegas
Recent visitors to Wynn Las Vegas have likely noticed an elite automotive addition to the glitzy Strip venue. The McLaren Experience Center at Wynn Las Vegas debuted six weeks ago, but celebrated its official grand...
MGM Stock Draws Analyst Praise Following Cyberattack
Following a September cyberattack that temporarily paralyzed operations at its domestic casino hotels, MGM Resorts International (NYSE: MGM) experienced a decline of more than 20% -- the definition of a bear market -- but Wall...
Sports Betting M&A, Market Share Alterations Expected in 2024
The domestic sports wagering industry is evolving and maturing at a rapid pace. But it also remains intensely competitive. That competition could set the stage for interesting goings-on in 2024. Among the items of note...
Sportsbook Operator Promo Spending Wanes Amid Profitability Focus
Lavish promotional bonuses to attract new clients are hallmarks of the US iGaming and online sports wagering industries, but operators’ dependence on that strategy is waning amid an industrywide focus on profitability. In Michigan and...
