4776 stories by Todd Shriber
Light & Wonder Bit by Tariff Bug, Shares Slide
Slot machine manufacturer says tariffs could lead to “incremental” cost pressures Company attempting to mitigate effects of trade levies Reiterates 2025 EBITDA forecast of $1.4 billion Shares of Light & Wonder (NASDAQ: LNW) plunged Thursday after the slot machine manufacturer warned it’s...
Fertitta Lawyer Says He’ll Remain Passive Wynn Investor — For Now
Comments made at Nevada Gaming Control Board (NGCB) meeting Lawyer said Fertitta wants to see Wynn take steps to create value for investors A lawyer from Fertitta Entertainment told the Nevada Gaming Control Board (NGCB) the company wants to see Wynn Resorts...
Flutter Sees 2025 Earnings, Sales Growth Aided by International Deals
FanDuel parent forecasts significant 2025 earnings, revenue growth Increases aided by international acquisitions, but US market still strong Flutter Entertainment (NYSE: FLUT) forecast large 2025 top and bottom line increases, citing in part benefits from international acquisitions. The gaming company said it...
Wynn Won’t Ignore Japan, But Won’t Hurry Back, Either
Billings says Wynn has plenty of development opportunities Japan could reopen bidding for a pair of casino licenses Tokyo could be part of that process Count Wynn Resorts (NASDAQ: WYNN) as a member of the wait-and-see camp regarding possible reexamination of a...
Vora Sues Penn Over Board Seat Flap, Calls it “Affront” to Investor Democracy
Hedge fund says casino operator may have violated Pennsylvania law Investor claims gaming company may have also violated federal securities laws HG Vora Capital Management today filed a legal complaint against Penn Entertainment (NASDAQ: PENN), alleging the gaming company may have run...
Japan Could Add Two More Casino Proposals By Late 2027
Hokkaido, Tokyo rumored to be interested in being casino homes News surfaces as MGM Osaka construction ramps up Japan could start a new round of bidding casino licenses later this year with the aim of signing off on two more integrated resorts...
Full House Stock Surges After Analyst Says Shares Can More Than Double
Gaming stock has significant, long-term potential, says analyst Colorado, Illinois casinos could be catalysts Shares of Full House Resorts (NASDAQ: FLL) rallied in Tuesday’s after-hours session after an analyst said the ailing casino stock could more than double. In initiating coverage of...
Kalshi Notches Legal Win as CFTC Retreats from Election Markets Case
Massive win for prediction markets operator Election markets brought Kalshi, others to prominence CFTC filed to dismiss its appeal Prediction markets operator Kalshi scored a significant legal victory Monday when the Commodities Futures Trading Commission (CFTC) voted to drop an appeal that...
DraftKings Could Emerge in Thin Field of Bet365 Bidders
Neither company has commented about the possibility of a marriage Bet365 rumored to be shopping itself or positioning for IPO Private equity looms large Rumors are fresh that Bet365 is considering a potentially transformative transaction, including a full or partial sale or...
Kentucky Derby Betting Sets Record, EBITDA Slightly Off 2024 Pace
Churchill Downs said all-sources Kentucky Derby betting set another record TwinSpires’ handle also notched all-time highs Sovereignty won the 151st edition of the “run for the roses” Despite poor weather and what some analysts are describing as a modest dip in ticket...
