3124 stories by Todd Shriber
Tilman Fertitta Acquiring Hard Rock Tahoe, Plans Golden Nugget Conversion
Fertitta Entertainment is acquiring Hard Rock Hotel & Casino Lake Tahoe from Paragon Gaming. It could ultimately rebrand the property to a Golden Nugget venue. Financial terms of the transaction, which is slated to close in the next seven to 12 months,...
Flutter to Put US Listing Plans to Shareholder Vote in April
FanDuel parent Flutter Entertainment (OTC: PDYPY) said that following a consultation with investors regarding the possibility of a secondary listing for the stock in New York, the gaming company will put that matter to a shareholder vote in April. The gaming company...
Macau Non-Gaming Efforts Slow Going
A centerpiece of Macau’s recently approved gaming laws and the 10-year concessions granted to casino operators there are plans to reduce the special administrative region’s (SAR) economic dependence on gaming. It appears those efforts will take some time to bear fruit. In...
DraftKings Has Reasons to Be Cautiously Optimistic, Says Analyst
Coming off a modest weekly loss, but still up 55.66% year-to-date, DraftKings (NASDAQ: DKNG) stock has reasons for investors to be cautiously optimistic, but the shares could tread water over the near term following the sizable jump to start 2023. That’s the...
Texas Sports Betting Debate Taking Shape, But Look to 2025, Say Analysts
Texas lawmakers are currently considering an assortment of gaming-related legislation. But some experts caution that sports wagering remains a long shot this year in the Lone Star state. This week, the Texas House of Representatives State Affairs Committee is considering three gaming...
Tilman Fertitta Taking it Slow with Las Vegas Strip Plans
Tilman Fertitta is taking a pragmatic approach toward developing the more than six acres of land he owns on the Las Vegas Strip. Last year, Fertitta purchased 6.2 acres of land at Las Vegas Boulevard and Harmon Avenue for $270 million, stoking...
Las Vegas Casino Market Not Saturated Yet, Says Analyst
There’s no shortage of casinos in Las Vegas, and the US gaming hub can handle upcoming additions to the supply. But Sin City could be headed for an extended period in which no new gaming venues come online. That’s the sentiment of...
DraftKings Opens Las Vegas Office, Still Not Booking Bets in Nevada
DraftKings (NASDAQ: DKNG) opened its Las Vegas office on Wednesday. It's the sportsbook operator’s second-largest domestic outpost after its Boston headquarters. The 90,000-square-foot space, located at Matter Real Estate Group’s mixed-use UnCommons, will eventually be home to as many as 1,000 employees...
‘March Madness’ on Pace for $4.5B Handle, Says Macquarie Analyst
The NCAA Men’s Basketball Tournament, known as March Madness, resumes Thursday with half of the Sweet 16 games. Macquarie analyst Chad Beynon estimates the event will generate $4.5 billion in legal handle for North American sportsbook operators. In a note to clients...
Playtika, Angry Birds Maker Rovio Halt Merger Discussions
Mobile gaming company Playtika (NASDAQ: PLTK) and Angry Birds producer Rovio Entertainment announced Wednesday they halted preliminary merger talks. In January, Playtika revealed an increased, all-cash offer for the Finnish company, valuing it a $9.58 a share or a 55% premium to...
