5590 stories by Todd Shriber
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...
Melco Resorts Earnings Tipped to Surge, Moody’s Maintains Negative Outlook
Melco Resorts & Entertainment (NASDAQ: MLCO) could see its earnings per share surge over the next several years as Macau continues its post-coronavirus rebound. But its credit rating and outlook could remain challenged for some time. That’s the view of Moody’s Investors...
26 Capital Calls Okada Manila Countersuit ‘Desperate’ Strategy
Jason Ader’s 26 Capital Acquisition Corp. (NASDAQ: ADER) called a recent countersuit by the casino’s parent company “desperate.” That's the same blank-check company attempting to bring Okada Manila public in the US. The special purpose acquisition company (SPAC) was recently hit with...
Credit Suisse Collapse Won’t Affect Nagasaki Casino Plans
UBS is acquiring rival Swiss bank Credit Suisse for $3.25 billion in a transaction that some experts say is really a bailout. But it may not harm Nagasaki’s efforts to procure financing for casino-resort plans. Last year, Nagasaki Governor Kengo Oishi mentioned...
Bosworth Departing Role at Helm of Virgin Las Vegas
Richard “Boz” Bosworth will leave his role as chief executive officer of Virgin Las Vegas at the end of this month. Vital Vegas broke the news Sunday, noting Bosworth has been at the helm of the off-Strip casino resort since it opened...
Flutter Stock Could Be Fantastic Thanks to FanDuel
Flutter Entertainment (OTC: PDYPY) is based in Dublin and its stock trades in London. But analysts and professional investors believe the gaming company’s US exposure can support more upside in the shares. The bulk of the operator’s US footprint is attributable to...
DraftKings Hit with Class Action Stemming from Plunging NFT Prices
DraftKings (NASDAQ: DKNG) was slapped with a federal class action lawsuit this week related to tumbling values of the non-fungible tokens (NFTs) offered on the company’s DraftKings Marketplace. An NFT is a unit of data stored on the blockchain. NFTs can be...
