5359 stories by Todd Shriber
Madison Square Garden Entertainment Confirms Spin-Off, MSG Sphere Plans
Madison Square Garden Entertainment Corp. (NYSE: MSGE) has announced that it's moving ahead with a spin-off of its live entertainment business. That means investors will receive shares in a company holding the Sphere on the Las Vegas Strip, and potentially, Tao Group...
Macau Casino Companies to Prioritize Capital Spending Over Near Term
The six Macau casino operators are likely to focus on required capital spending over the near term before turning attention to operating expenditures. That’s the take from S&P Global Ratings. They recently noted the six concessionaires in the special administrative region (SAR)...
Sands Long Island Casino Plan Already Drawing Opposition
Las Vegas Sands is already facing opposition, albeit modest, to its recently revealed proposal to turn Nassau Veterans Memorial Coliseum in Uniondale, NY into a casino-hotel. The gaming company announced that plan on Thursday, and the following day, a small number of...
Dallas Cowboys Owner Jerry Jones Wants Texas to Consider Legalizing Sports Betting
Dallas Cowboys owner Jerry Jones believes the time is right for Texas to consider approving sports wagering, citing potential benefits for the second-largest state. Jones made the remarks in a Friday interview on K&C Masterpiece on 105.3 The Fan . His comments...
Full House Resorts Could Be Earnings Winner Thanks to New Casinos
Full House Resorts (NASDAQ: FLL) could deliver earnings per share (EPS) growth this year, as the operator opens two new casinos to the public. That’s the sentiment of CBRE analyst John DeCree, who restarted coverage of the regional casino company today with...
Super Group Announces $25M Share Repurchase Plan
Betway parent Super Group (NYSE:SGHC) announced today it will repurchase up to $25 million worth of its common stock over the course of 2023. The company revealed the share repurchase program after the close of US markets, sending the stock higher by...
Formula 1 Betting Las Vegas Grand Prix Can Generate $500M in Sales
Formula One Group (NASDAQ:FWONA) -- the operator of the F1 racing series -- is wagering its November 2023 race in Las Vegas will generate at least $500 million in revenue. Should the series’ first race in Sin City since 1982 meet sales...
Casino Operators Can Endure Economic Downtown, But Some at Risk
Casino operators and gaming suppliers are positioned to weather a recession -- should one arrive -- but some could be vulnerable to economic contraction. That’s the take of Fitch Ratings, which noted in a recent report that casino operators can deal with...
DraftKings Wins Class Action Suit Stemming from SBTech Buy
DraftKings (NASDAQ: DKNG) scored a legal victory Tuesday when a federal court ruled investors didn’t adequately prove claims of impropriety related to the gaming company’s acquisition of technology provider SBTech. Judge Paul Engelmayer of the United States District Court for the Southern...
Steve Cohen Says Gaming Could Be Part of Willets Point Development Plans
In the clearest remarks yet about the possibility of Citi Field-area development including a casino-hotel, New York Mets owner Steve Cohen said gaming could be on the table. The hedge fund billionaire hosted a “visioning session” Saturday at the home stadium of...
