4979 stories by Todd Shriber
DraftKings CEO Jason Robins Dumped Stock on Day He Praised Outlook on Twitter
On the same day he spoke optimistically about the company’s future on Twitter, DraftKings (NASDAQ: DKNG) cofounder and CEO Jason Robins reduced his equity stake in the gaming operator. According to a Form 4 filing with the Securities and Exchange Commission (SEC),...
Caesars Not Getting Enough iGaming Love, Says Barclays Analyst
By number of venues, Caesars Entertainment (NASDAQ: CZR) is the largest casino operator in the US. But its online business isn’t receiving adequate credit from investors. That’s the sentiment of Barclays analyst Brandt Montour, who in a new report to clients said...
Consumers Planning Sharp Reductions in Betting, Says Conference Board
Consumers are planning to dramatically reduce their expenditures on lotteries and other forms of wagering over the next six months, according to The Conference Board’s latest Consumer Confidence Survey. Released earlier this week, the survey indicates consumer confidence ticked modestly higher this...
Wynn Resorts Has Multiple Upside Catalysts, Says Analyst
Shares of Wynn Resorts (NASDAQ: WYNN) are higher by 32.23% year-to-date, good for one of the best performances among gaming equities. A sell-side analyst believes the operator can generate more upside. In a new report to clients, Deutsche Bank analyst Carlo Santarelli...
DraftKings Spent $2M on Jet, Security for CEO Robins, Boosted Pay as Stock Stumbled
Last year, DraftKings (NASDAQ: DKNG) spent nearly $2 million on private jet and security expenses for co-founder and CEO Jason Robins while significantly boosting his equity-based compensation even as the shares plunged. In a recently published Schedule 14A filing with the Securities...
Las Vegas Related: Leisure Travelers Spending Less on Dinner, Nightclubs
Perhaps surprisingly, multidecade high inflation hasn’t materially affected the US gaming industry. But data confirms guests are dialing back expenditures previously allocated to amenities such as fancy restaurants, nightclubs, and poolside cabanas. Though that trend is clearly “Las Vegas related,” it’s happening...
NFL Owners Approve Keeping Stadium Sportsbooks Open During Games
NFL owners approved a plan Tuesday that allows for in-stadium sportsbooks to remain open while games are played in those venues. The decision is the latest in a long line signaling the league's rapid transition from an anti-gaming stance to a broad...
DraftKings CEO Waxes Bullish in Twitter Thread
With the company just a few weeks away from its third anniversary as a standalone publicly traded entity, DraftKings CEO Jason Robins took to Twitter Monday to sound an optimistic tone about the operator’s future. Following a reverse merger with a special...
IGT, PlayAGS Could Be Star Slots Stocks, Says Analyst
With casino traffic and consumer spending on gaming proving resilient, there’s a case for shares of slot machine manufacturers. That’s the take of Macquarie analyst Chad Beynon, who in a new report to clients, highlights several well-known names in the industry, including...
Horseshoe Debuts on Las Vegas Strip, Bally’s Brand Gone for Now
The Bally’s-to-Horseshoe rebranding is complete on the Las Vegas Strip, returning one iconic casino name to Sin City while removing another. Operated by Caesars Entertainment, the venue officially took the Horseshoe name last December, but it took several months for external marks...
