5254 stories by Todd Shriber
Golden Nugget Pulling Plug on Nevada Sports Betting App, Could DraftKings Be Replacement?
Golden Nugget is shutting down its Nevada mobile sports wagering application on April 26. The casino operator notified patrons about the decision in a Monday email blast. Customers without pending wagers can withdraw funds via the app, or by visiting the Golden...
Boyd Gaming Revenue Could Pop on Regional Casino Strength
Boyd Gaming (NYSE: BYD) stock is on a tear this year, soaring 20.92%. But there could be upside to that performance due to strength in regional casinos. In a note to clients Monday, JPMorgan analyst Joseph Greff reiterated an “overweight” rating on...
DraftKings Could Be EBITDA-Positive This Year, Profitable in 2024, Says Analyst
DraftKings (NASDAQ: DKNG) could be on pace to accomplish some long-awaited financial objectives this year, potentially stoking more upside in the already hot stock. In a note to clients today, Jefferies analyst David Katz pointed out that DraftKings could generate positive earnings...
Penn Entertainment Downgraded, Analyst Cites Valuation
Shares of Penn Entertainment (NASDAQ: PENN) traded lower Monday after an analyst downgraded the stock, noting it’s fairly valued at current levels. In a note to clients on Monday, JMP Securities analyst Jordan Bender downgraded shares of the regional casino operator to...
Osaka Casino Could Wrest Profitability Crown from Singapore Rivals
Marina Bay Sands and Resorts World Sentosa, the only integrated resorts in Singapore, are two of the most profitable casino resorts in the world. But that status could be threatened by the emergence of a rival venue in Osaka. Last week, Japan...
Genting Not Rethinking Decision to Scrap Japan Plans
Japan signed off on Osaka as the country’s first casino resort. But that’s not enough to prompt Genting Singapore to revisit its scuttled plans to bid for a gaming license in the country. Amid news that the Osaka scheme is moving forward...
Osaka Seen as Long-Term Growth Catalyst for MGM
After several years of waiting, the Japanese government finally made it official on Friday: Osaka will be home to the country’s first casino resort. The venue, slated to open in 2029 and carries an estimated price tag of $8.1 billion, will be...
DraftKings Aims for Market Share Crown in Massachusetts, Its Home State
Online sports betting recently debuted in Massachusetts. Not surprisingly, DraftKings (NASDAQ: DKNG) is aiming for the top market share in its home state. Founded 11 years ago in Boston, DraftKings is the largest publicly traded gaming company based in New England and...
Sands Long Island Casino Plan Receives Key Endorsement
Las Vegas Sands’ plan to bring a casino hotel to Nassau County, NY has the backing of the Uniondale Chamber of Commerce. Uniondale is the town in which Nassau Veterans Memorial Coliseum is located. Earlier this year, Sands moved to acquire gain...
Disney CEO Bob Iger Lukewarm on Sports Betting
In his second stint as chief executive officer of ESPN parent Walt Disney (NYSE: DIS), Bob Iger appears to accept sports betting is part of the equation for the broadcasting giant. But he wants to keep it at arm’s length. In a...
