5449 stories by Todd Shriber
Former Casino Queen Employees Score Legal Win in Director Stock Suit
Former workers of Casino Queen Inc. notched a legal victory earlier this week. That's when the US District Court for the Southern District of Illinois rejected a motion to dismiss a suit brought by ex-staffers. They claim former board members dumped shares...
FanDuel Prioritizing Internet Casino Improvements
FanDuel is the dominant US online sportsbook operator. So much so that its market share eclipses its two nearest rivals combined, but if the company has an area for improvement, it’s with its online casino offering. Flutter Entertainment (OTC: PDYPY), which is...
Full House Sees Circa Sports Making Illinois Debut in a ‘Few Months’
Full House Resorts (NASDAQ: FLL) delivered fourth-quarter results late Tuesday, providing investors with an update on the launch of its temporary gaming venue in Waukegan, Ill. That included commentary regarding when Circa Sports will debut in the state. Last May, Circa announced...
PointsBet, Rush Street Interactive Considered Takeover Targets
Amid expectations that 2023 could be a year of significant consolidation activity in the sports wagering industry, PointsBet (OTC: PBTHF) and Rush Street Interactive (NYSE: RSI) remain potential takeover targets, according to market observers. Both operators have long been tied to mergers...
MGM, Wynn Could Be Hampered by High Leverage in Recession
MGM Resorts International (NYSE: MGM) and Wynn Resorts (NASDAQ: WYNN) are among the companies with high debt burdens that could be vulnerable in a recession. Recession fears are front-and-center for Corporate America and investors because there’s increasing concern that the Federal Reserve...
DraftKings Earns Upgrade as Analyst Sees Attractive Earnings Potential
On what’s shaping up to be a rough day for equities, DraftKings (NASDAQ: DKNG) stock is standing out in a positive fashion after an analyst upgraded shares of the sportsbook operator. In a note to clients on Tuesday, Argus analyst John Staszak...
Golden Entertainment Sells Distributed Gaming Unit for $361.5 Million
Golden Entertainment (NASDAQ: GDEN) announced Monday it's selling its distributed gaming operations in Montana and Nevada for $322.5 million in cash plus estimated cash considerations of $39 million upon closing of the transaction. Privately held J&J Ventures Gaming is acquiring the businesses...
Wynn Trademarks Confirm ‘Strip’ Verbiage for UAE Casino
Wynn Resorts is looking to bring a taste of the Las Vegas Strip to the United Arab Emirates (UAE) with its upcoming casino-resort on Al-Marjan Island. It wants to use related vernacular. Filings indicate that the gaming company recently registered trademarks for...
Las Vegas Sands, MGM Helped by Rising Rates, Says BofA Strategist
Ten-year Treasury yields closed at 3.964% on Friday, and earlier this week, two-year yields touched 4.9%, the highest levels since 2007. Those are signs rising interest rates remain a potential thorn in the side of corporations and investors. In theory, higher interest...
Hard Rock Russia Ties Could Jeopardize New York Casino Plans
Hard Rock International’s relatively modest exposure to Russia could endanger the tribal gaming giant’s plans to win a highly prized New York City casino license. A pair of franchised restaurants bearing the Hard Rock name -- one in Moscow and another in...
