5136 stories by Todd Shriber
Caesars CEO Tom Reeg Sees Times Square Casino Tax Revenue North of $100M
Caesars Entertainment's (NASDAQ: CZR) Tom Reeg believes the operator’s effort to bring a casino to Times Square in New York City is worth the gamble. He estimates the venue will be a significant source of tax revenue for the state. In an...
Caesars Upgraded as Analyst Sees Decent Risk/Reward
Caesars Entertainment (NASDAQ: CZR) earned a tepid upgrade Thursday, as a sell-side analyst sees a more balanced risk/reward profile emerging with shares of the casino operator. In a note to clients Thursday, Susquehanna analyst Joseph Stauff upgraded the gaming equity to “neutral”...
VSiN Heading to New Hampshire FM Radio in Binnie Media Deal
DraftKings’ VSiN, also known as the Vegas Sports Information Network, is heading to New Hampshire FM radio through a deal with Binnie Media. Financial terms of the agreement weren’t disclosed. New Hampshire-based Binnie describes itself as “New England’s largest locally owned media...
Circa Million, Survivor to Feature Record $14M Payout
Circa Sports’ famed football contests, the Circa Million and Circa Survivor, will have a combined record payout of $14 million this season. The Las Vegas-based casino and sportsbook operator announced in a statement Thursday. This season will mark the fifth iteration of...
David Portnoy’s Future with Bartsool, Penn Entertainment in Limbo
David Portnoy is the face of Barstool Sports, the sports and entertainment media company he founded two decades ago. He’s not certain for how long that status will continue. Portnoy's contract with Penn Entertainment (NASDAQ: PENN) is up in 20 months, and...
DraftKings Rally Sparks Wave of Insider Selling
There’s an old financial market saying that goes, “Sell in May and go away.” DraftKings (NASDAQ: DKNG) insiders aren’t going away. But they sure are selling their company’s shares this month. With the shares up 11% in May and 112% year-to-date, insiders,...
Colorado Casino Credit Bill Nixed by Gov. Polis
Gov. Jared Polis (D-CO) vetoed a bill that would have allowed Colorado casino operators to extend lines of credit to customers. In controversial fashion, the proposal passed the state legislature earlier this month after a second vote was called, allowing some lawmakers...
MGM, Flutter, Others Could Bid for Kindred
Amid turnover in the C-suite, Swedish online gaming operator Kindred Group Plc (OTC: KNDGF) is said to be ramping up a sale process and could draw interest from some of the industry’s biggest names, including Flutter Entertainment (OTC: PDYPY) and MGM Resorts...
Wynn Resorts Named to 50 Community-Minded Companies List
Civic group Points of Light named Wynn Resorts to the Civic 50 list for the third consecutive year. The list is comprised of the 50 most community-minded companies based in the US. In order to qualify for the rankings, firms must generate...
Sands China, Wynn Macau Not Pressured to Resume Dividends
The three Macau concessionaires controlled by US-based casino operators aren't under pressure to resume dividend payments to their parent companies over the near term, according to a major global ratings agency. S&P Global Ratings director of corporate ratings Melissa Long and Associate...
