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Todd Shriber
5865 stories by Todd Shriber
FanDuel CFO Reticent About Operator’s Nevada Efforts
In remarks made at his licensing hearing before the Nevada Gaming Control Board (NGCB) on Wednesday, FanDuel CFO David Jennings didn’t reveal much about his employer’s potential plans in the state. Jennings, who has been...
BetMGM Says 2023 Revenue Jumped 36%, Was EBITDA Positive in Second Half
BetMGM said it posted 2023 revenue of $1.96 billion, a 36% year-over-year increase. That put the online sportsbook operator’s top line at the higher end of a previously disclosed forecast of $1.8 billion to $2...
Red Rock Resorts Rallies on Q4 Earnings Beat, Special Dividend
Shares of Red Rock Resorts (NASDAQ: RRR) rallied in Wednesday’s after-hours trading session. That's after the gaming company posted estimate-beating fourth-quarter results while announcing a special dividend. The operator of the Station casinos, among others,...
Elon Musk’s X Financing Gina Carano Suit Against Disney, Lucasfilm
Elon Musk’s X, the social media platform formerly known as Twitter, is financially backing actor Gina Carano’s wrongful termination lawsuit against Walt Disney (NYSE: DIS). Carano’s family is the largest noninstitutional investor in Caesars Entertainment...
Gaming and Leisure Properties Paying $175M for Tioga Downs Real Estate
Gaming and Leisure Properties (NASDAQ: GLPI) said Tuesday that it's paying $175 million for the property assets of Tioga Downs Casino Resort in Nichols, N.Y. Privately held American Racing & Entertainment, LLC is selling the...
DraftKings Accuses VIP Exec of Corporate Espionage, Says Staffer Sold Secrets to Fanatics
In a new court filing that reads like the script for a Hollywood thriller, DraftKings (NASDAQ: DKNG) claimed former executive Michael Hermalyn sold trade secrets to Fanatics in an effort to procure a job with...
Sphere Entertainment Posts Big Q2 Loss as Revenue Soars
Sphere Entertainment (NYSE: SPHR), the operator of the namesake venue on the Las Vegas Strip, posted a substantial fiscal second-quarter loss due in part to higher operating expenses. That's despite the company notching significantly higher...
Upper Tier Las Vegas Strip Casinos Boosted by Baccarat
Some of the glitzier casino hotels on the Las Vegas Strip are getting a lift from elevated baccarat, a game beloved by well-heeled bettors and those visiting from the Asia-Pacific region. Driven by Las Vegas,...
Super Bowl to Generate $1.25B in Regulated Bets, Nevada, NY to Lead
It’s Super Bowl week, and that means the betting forecasts are coming in hot and heavy. Bettors in the U.S. are expected to plunk down $1.25 billion in regulated wagers on the game. That's according...
Macau Casino Operators Can Handle Debt Maturities
During the worst days of the coronavirus pandemic, Macau casino concessionaires took on massive amounts of debt simply to stay afloat. Tabs for some of those obligations are coming due, but those maturities are unlikely...
