5215 stories by Todd Shriber
Macau Recovery Brisker Than Expected, Says Citigroup
Some analysts and gaming industry observers are concerned about tepid levels of visitation to Macau. But Citigroup suggests investors filter out the noise and focus on what are increasingly sturdy fundamentals of the six concessionaires. In a recent note to clients, Citi...
Bally’s Temporary Chicago Casino Stirs Crime, Traffic Fears
Last week, the Illinois Gaming Board (IGB) approved Bally’s plan to build a temporary casino at Medinah Temple in Chicago’s River North neighborhood. But locals are fearful the gaming venue will cause increased crime and traffic congestion. The Rhode Island-based gaming company...
Fanatics Likely to Up Offer, Ultimately Win PointsBet US, Says Research Firm
PointsBet (OTC: PBTHF) said Sunday it will discuss the sale of its US business to DraftKings (NASDAQ: DKNG). But a research firm believes Fanatics, the original bidder for the unit, will submit a new proposal and ultimately emerge victorious. In the latest...
Las Vegas 2022 International Visitors Led By Canada, Mexico, UK
Mexico and Canada, the southern and northern neighbors of the US, accounted for more than half of the international visits to Las Vegas in 2022. Recently released data from the Las Vegas Convention and Visitors Authority (LVCVA) indicates 3.4 million tourists from...
Bally’s Stock Slump Could Spell Opportunity, Says Analyst
Off nearly 10% over the past week and 23.79% year to date, Bally’s (NYSE: BALY) stock is mired in a lengthy slump. The year-to-date loss makes Bally’s one of the worst-performing casino operators since the start of 2023. The stock’s recent weakness...
DraftKings Wrigley Field Sportsbook Days Away from Opening
The DraftKings Sportsbook at Wrigley Field, home of the Chicago Cubs, is scheduled to open to the public on June 27. The retail sportsbook is part of a broader 10-year, $100 million marketing deal between the gaming company and the Major League...
Red Rock Resorts EBITDA Should Get Lift from Durango, Says Analyst
Slated to open later this year, Durango Casino & Resort in southwest Las Vegas will drive Red Rock Resorts’ (NASDAQ: RRR) earnings before interest, taxes, depreciation, and amortization (EBITDA) higher in the years ahead. That’s the take of Stifel analyst Steven Wieczynski,...
PointsBet to Engage with DraftKings in Takeover Talks
PointsBet (OTC: PBTHF) announced Sunday that its board of directors are evaluating a $195 million, all-cash bid for its US business submitted last Friday by DraftKings (NASDAQ: DKNG). It plans to engage in discussions with the suitor. Perhaps in an effort to...
Eminence Capital Chides Entain on Share Sale, Warns MGM Could Pounce
Eminence Capital -- one of the largest Entain Plc (OTC: GMVHY) investors -- decried the gaming company’s recent share sale to fund an acquisition, noting the sportsbook operator had other avenues to raise cash, and could be inviting a takeover at an...
Fanatics IPO Could Be Near Following Conclusion of Another Investor Day
Earlier this week, Fanatics wrapped up a second investor day, stoking speculation that the apparel giant and new sportsbook operator could be readying an initial public offering (IPO). Michael Rubin’s Florida-based company reportedly held an investor meeting at the NBA Players Association's...
