4982 stories by Todd Shriber
DraftKings Aims for Market Share Crown in Massachusetts, Its Home State
Online sports betting recently debuted in Massachusetts. Not surprisingly, DraftKings (NASDAQ: DKNG) is aiming for the top market share in its home state. Founded 11 years ago in Boston, DraftKings is the largest publicly traded gaming company based in New England and...
Sands Long Island Casino Plan Receives Key Endorsement
Las Vegas Sands’ plan to bring a casino hotel to Nassau County, NY has the backing of the Uniondale Chamber of Commerce. Uniondale is the town in which Nassau Veterans Memorial Coliseum is located. Earlier this year, Sands moved to acquire gain...
Disney CEO Bob Iger Lukewarm on Sports Betting
In his second stint as chief executive officer of ESPN parent Walt Disney (NYSE: DIS), Bob Iger appears to accept sports betting is part of the equation for the broadcasting giant. But he wants to keep it at arm’s length. In a...
PointsBet Reportedly Exploring US Sale, Bally’s Could Bid
PointsBet (OTC: PBTHF) reportedly engaged investment bank Moelis & Co. to explore a sale of its North American operations. It's a sign the company wants to focus on its more profitable Australian business. Both PointsBet arms have been the subject of long-running...
Fertitta Balks at $6B Commanders Price Tag, Out of Contention for NFL Team
Golden Nugget boss Tilman Fertitta says he bid $5.6 billion for the NFL’s Washington Commanders, but he doesn’t believe $6 billion is the appropriate price point for the franchise. That likely means he’s out of the running to own the team. Reports...
Texas Region Could Benefit from Casinos
The Texas legislature is considering multiple bills pertaining to casino gaming and sports wagering. While it remains to be seen if any will pass, some economists are already speculating on the potential benefits and drawbacks of gaming expansion in the state. Under...
Las Vegas Sands Earns Bullish Call in New Coverage
With the Macau recovery proving stronger than many analysts and experts forecast, Las Vegas Sands (NYSE: LVS) ranks as one of 2023’s best-performing gaming equities. Its 17% gain is well ahead of major equity benchmarks. At least one analyst sees more upside...
MGM Osaka Casino Pitch Likely to Be Confirmed
In what could be a boon for MGM Resorts International’s (NYSE: MGM) global expansion efforts, Japanese policymakers appear poised to sign off on the development of a casino resort in Osaka. Various Japanese media outlets reported Prime Minister Fumio Kishida’s government could...
MGM, Sands, Wynn Shares Could Get New York Casino Boost, Says Analyst
The competition for three downstate casino licenses in New York is a long way from being decided. But one analyst is already forecasting potentially significant share price impacts for three contenders. In a note to clients on Tuesday, Bank of America’s Shaun...
Everi Buying Select Video King Assets for $59M
Everi Holdings (NYSE: EVRI) announced Tuesday it's acquiring certain assets of Video King for $59 million. It's a deal the buyer says will be immediately accretive to cash flow and adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA). The transaction, which...
