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Todd Shriber
5665 stories by Todd Shriber
Consumers Planning Sharp Reductions in Betting, Says Conference Board
Consumers are planning to dramatically reduce their expenditures on lotteries and other forms of wagering over the next six months, according to The Conference Board’s latest Consumer Confidence Survey. Released earlier this week, the survey...
Wynn Resorts Has Multiple Upside Catalysts, Says Analyst
Shares of Wynn Resorts (NASDAQ: WYNN) are higher by 32.23% year-to-date, good for one of the best performances among gaming equities. A sell-side analyst believes the operator can generate more upside. In a new report...
DraftKings Spent $2M on Jet, Security for CEO Robins, Boosted Pay as Stock Stumbled
Last year, DraftKings (NASDAQ: DKNG) spent nearly $2 million on private jet and security expenses for co-founder and CEO Jason Robins while significantly boosting his equity-based compensation even as the shares plunged. In a recently...
Las Vegas Related: Leisure Travelers Spending Less on Dinner, Nightclubs
Perhaps surprisingly, multidecade high inflation hasn’t materially affected the US gaming industry. But data confirms guests are dialing back expenditures previously allocated to amenities such as fancy restaurants, nightclubs, and poolside cabanas. Though that trend...
NFL Owners Approve Keeping Stadium Sportsbooks Open During Games
NFL owners approved a plan Tuesday that allows for in-stadium sportsbooks to remain open while games are played in those venues. The decision is the latest in a long line signaling the league's rapid transition...
DraftKings CEO Waxes Bullish in Twitter Thread
With the company just a few weeks away from its third anniversary as a standalone publicly traded entity, DraftKings CEO Jason Robins took to Twitter Monday to sound an optimistic tone about the operator’s future....
IGT, PlayAGS Could Be Star Slots Stocks, Says Analyst
With casino traffic and consumer spending on gaming proving resilient, there’s a case for shares of slot machine manufacturers. That’s the take of Macquarie analyst Chad Beynon, who in a new report to clients, highlights...
Caesars, Century Casinos Highlight Surprising Consumer Strength
Entering 2023, consensus held that the toxic combination of stubbornly high inflation and rising interest rates would eventually sap consumer discretionary spending, including gaming-related expenditures. Caesars Entertainment (NASDAQ: CZR) and Century Casinos (NASDAQ: CNTY) are...
2023 iGaming, Sports Betting Legislative Outlook Looks Dark, Says Analyst
About three months into 2023, it’s already clear that bettors and investors hoping for more state-level approvals of internet casinos and sports wagering may be left disappointed this year. Ohio and Massachusetts joined the live...
Genting Commands Multiple $1B Bids for Miami Land
Genting Berhad has multiple offers of $1 billion or more in hand for some of its Miami property holdings. It could be positioned to set a US record for the price commanded on a development...
