4982 stories by Todd Shriber
Portnoy Pushes Penn Stock Higher with Tweet Revealing Share Purchase
Scuffling Penn Entertainment (NASDAQ: PENN) notched a late-session rally Tuesday. That's after Barstool Sports founder David Portnoy took to Twitter to reveal he purchased a significant amount of shares in the regional casino operator on Monday. In what appears to be a...
Bally’s Plans IPO of Chicago Casino Aimed at Residents, Minorities
Bally’s (NYSE: BALY) has confidentially filed a Form S-1 with the Securities and Exchange Commission (SEC) for an initial public offering (IPO) of shares in its planned Chicago casino. The offering relates to the Host Community Agreement reached between the gaming company...
Full House Says Colorado Casino Chamonix to Open in December
In conjunction with its first-quarter earnings update, Full House Resorts (NASDAQ: FLL) said today it expects its Chamonix Casino Hotel in Cripple Creek, Colo. will open on Dec. 26. It will feature some restaurants familiar to Las Vegas locals and tourists. That...
DraftKings Lands 10 Price Target Hikes After Upping 2023 Guidance
DraftKings (NASDAQ: DKNG) earned at least 10 bullish price target revisions from sell-side analysts in the second trading day following the release of the company’s upped 2023 revenue guidance. The stock cooled off today, closing lower by 1.63%. Last Thursday, the sportsbook...
Colorado Legislature Controversially Revives Casino Credit Bill
Members of the Colorado state legislature controversially revived a thought-to-be-dead bill to allow the state’s casino operators to extend credit to customers. Making the resurrection of SB23-259 all the more contentious are several important points. First, the House initially voted 34-31 to...
Hofstra President Uses Tired Arguments to Blast Sands Long Island Casino Plan – Opinion
Hofstra University President Susan Poser will appear before the Nassau County legislature Monday. She’s expected to rip a plan by Las Vegas Sands (NYSE: LVS) to build a new casino hotel near the college in her testimony. Sands’ effort to develop a...
Churchill Downs Stock Could See Post-Kentucky Derby Lift
The stock is modestly lower Monday, but Churchill Downs (NASDAQ: CHND) could be a name to watch this week following its record-breaking Kentucky Derby handle. Including Saturday’s run for the roses, the broader slate of Derby day races and the Kentucky Derby...
Bally’s Reaches Chicago Land Deal with Tribune
Bally’s (NYSE: BALY) reportedly reached an agreement with Tribune Publishing to expedite the media company’s departure from Chicago's Freedom Center, its 30-acre riverfront property. The accord represents a cleared hurdle for the Rhode Island-based gaming company in its plans to develop a...
Bill Boyd Departs Boyd Gaming Chairman Role
Ending a nearly five-decade run on the board of the casino company he cofounded with his father, Sam, in 1975, Bill Boyd has officially left the Boyd Gaming (NYSE: BYD) board of directors. He had occupied the co-executive chairman role with Marianne...
Red Rock Sitting on Treasure Trove of Stadium Land, Says Analyst
Red Rock Resorts (NASDAQ: RRR) delivered first-quarter results on Thursday. But the company was mostly mum about a potential land sale to Major League Baseball’s Oakland Athletics. Analysts believe the casino operator can wring significant rewards from such a transaction. Less than...
