4979 stories by Todd Shriber
Caesars Among Biggest NFL Sponsorship Spenders
The NFL hauled in $1.88 billion in sponsorship revenue last year with gaming/wagering ranking as one of the top categories. In that group, Caesars Entertainment (NASDAQ: CZR) led the way. During the 2022 season, which concludes Sunday with the Super Bowl in...
MGM CEO Bill Hornbuckle Puts Kibosh on Revisiting Entain Bid
MGM Resorts International (NYSE: MGM) is unlikely to revisit a takeover bid for Entain Plc (OTC: GMVHY) -- its partner in the BetMGM business. MGM CEO Bill Hornbuckle made comments to that effect on the company’s fourth-quarter earnings conference Wednesday afternoon, saying...
MGM Tops Las Vegas Records, Unveils New $2B Share Buyback Plan
MGM Resorts International (NYSE: MGM) announced Wednesday that its fourth-quarter and full-year 2022 earnings before interest, taxes, depreciation, amortization, restructuring or rent costs (EBITDAR), and revenue set new records in Las Vegas and throughout its regional portfolio. The Bellagio operator said it...
Caesars Unveils Rewards Travel Bundle
Caesars Entertainment announced Wednesday the debut of the Caesars Rewards Travel Bundle, which will allow members of the gaming company’s loyalty program to access one-stop travel booking. With the debut of the travel bundle, customers can book flights and rent cars, and...
Las Vegas Sands, Wynn Resorts Among Politicians’ Favorite Stocks
Politicians from both parties are active participants in financial markets and gaming stocks. Las Vegas Sands (NYSE: LVS) and Wynn Resorts (NASDAQ: WYNN), are among their favorite holdings. Two exchange traded funds (ETFs) that debuted Tuesday -- the Advisor's Unusual Whales Subversive...
Tilman Fertitta Says Texas Casinos Are Long Shots
Some key politicians, including Gov. Greg Abbott (R-TX), are warming to the idea of casinos in Texas. But Tilman Fertitta believes the endeavor faces long odds. While Abbott has moved from being stridently opposed to casino gaming to being open to the...
Ader SPAC Sues Okada Manila Parent for Merger Delays
Jason Ader’s special purpose acquisition company (SPAC) 26 Capital Acquisition Corp. (NASDAQ: ADER) revealed today that it is pursuing litigation against Universal Entertainment and other parent firms of Okada Manila. The complaint is for failure to act on a merger accord that...
IGT, Light & Wonder Could Be Gaming Tech Stock Stars
Fourth-quarter earnings reports from gaming technology providers will soon arrive. That has some analysts anticipating good news from the industry. In a new report to clients, Stifel analyst Jeffrey Stantial highlighted several slot machine manufacturers, including International Game Technology (NYSE: IGT) and...
Monarch Casino Joins Ranks of Casino Stock Dividend Payers
Monarch Casino & Resort (NASDAQ: MCRI) is joining the sparsely populated ranks of gaming companies that pay dividends. It announced Tuesday a one-time payout, as well as a new quarterly distribution. The Reno-based casino operator will pay a one-time cash dividend of...
Texas Sports Betting Supported by Key Republican
The effort to bring mobile sports wagering to Texas has the support of a key Republican state senator. On Monday, State Sen. Lois Kolkhorst (R-Brenham) introduced Senate Bill 715 (SB 715) and Senate Joint Resolution 39 (SJR 39) in an effort to...
