5136 stories by Todd Shriber
Las Vegas Sands Lands Lease Accord on Nassau Coliseum
Las Vegas Sands has struck an agreement with Nassau County, N.Y., under which the gaming operator gains control of 72 acres of land in Uniondale, representing a step forward in the company’s efforts to build a casino-hotel there. Nassau County Executive Bruce...
Mystery Sportsbook Operator Considering Nashville as US Home
An unidentified sports betting company is mulling Nashville as its US headquarters, and could bring as many as 800 jobs to Tennessee’s capital city. The Nashville Business Journal reported the mystery sportsbook operator is mulling a $40 million investment to build 120,000...
Boyd Backed by Wall Street Amid Strong Q1 Results, Eyes Downtown Vegas Strength
Supported by the strength of its downtown Las Vegas venues, Boyd Gaming (NYSE: BYD) easily topped first-quarter estimates, sparking a fresh round of bullish commentary from Wall Street analysts in the process. The Fremont Casino operator earned $1.71 a share on revenue...
Churchill Downs Readies 2-for-1 Share Split
Churchill Downs (NASDAQ: CHDN) announced today it will split its stock on a 2-for-1 basis. The transaction, which was approved by the gaming company’s board of directors, pertains to shareholders of record as of May 5. Those investors will receive one additional...
Yahoo Boosts Social Gaming Presence with Wagr Buy
In an effort to further solidify its already expansive fantasy sports footprint and potentially expand further into sports wagering, Yahoo announced Tuesday it's acquiring Wagr, a peer-to-peer sports betting app. Financial terms of the transaction, which has already closed, weren’t disclosed. Privately...
Caesars Stock Slump, ‘Unwarranted’ Shares Can More than Double, Says Analyst
Shares of Caesars Entertainment (NASDAQ: CZR) are off nearly 17% over the past 90 days, but at least one analyst says that could be a chance for investors to get involved with the stock. In a note to clients on Tuesday, B....
DraftKings Stock Has Tailwinds, but Valuation Stretched Says Analyst
It’s peeling back today, joining the broader market to the downside, but DraftKings (NASDAQ: DKNG) is on a scintillating run to start 2023. A 10.10% gain over the past week has shares of the gaming equity higher by 88.30% year to date....
Penn Entertainment Revamps Loyalty Program
Penn Entertainment is altering its customer loyalty platform, replacing the mychoice program with PENN Play to reflect the regional casino operator’s evolving business mix. The program has 26 million members, according to the Pennsylvania-based gaming company. PENN Play gives participants more ways...
A’s Vegas Move Seen Lifting Local Casinos More Than Strip Rivals
The Oakland Athletics are on their way to Las Vegas, and that move will likely benefit local casino operators more than Strip counterparts. That’s the thesis of CBRE analyst John DeCree, who in a new report to clients, highlights Red Rock Resorts...
GAN Procures Needed Refinancing, Slashing Interest Expenses
Gaming technology provider GAN Ltd. (NASDAQ: GAN) landed much-needed refinancing with some creditors -- moves that will enable the battered firm to realize significant savings on annual interest expenses. GAN creditor Beach Point Capital is waiving certain defaults and covenants under its...
