5034 stories by Todd Shriber
Circa Survivor Down to Three Entries as NFL Week 17 Looms
Week 17 of the 2022 NFL season is here and the famed Circa Survivor pool is down to a just three contestants. The $6.13 million winner-take-all contest started the year with 6,133 participants, and that tally was pared to 30 entering week...
MGM May Be Mulling Marriage with M Resort
The new year hasn’t officially arrived. But the 2023 Las Vegas rumor mill is already spinning, as speculation swirls that MGM Resorts International (NYSE:MGM) may be interested in acquiring the M Resort Spa Casino in Henderson, Nevada. Scott Roeben, also known as...
Cathie Wood’s ARK Invest Adds $1.5 Million in DraftKings Stock
Cathie Wood’s ARK Investment Management remains bullish on DraftKings (NASDAQ:DKNG) stock, having added nearly 137,000 shares of the tumbling equity on Dec. 29. That purchase was valued at approximately $1.5 million based on the gaming equity’s Dec. 29 trading range. All of...
Gaming Stocks Among Culprits in 2022 Consumer Discretionary Weakness
Broadly speaking, 2022 was a rough year for gaming stocks, and much of that was attributable to those equities’ residence in the consumer discretionary sector. Entering Wednesday, the consumer cyclical sector accounted for 23% of the $8.2 trillion in market value shed...
DraftKings Could Be 2023 Small Stock Winner
Entering Thursday, DraftKings (NASDAQ: DKNG) stock was saddled with a 2022 loss of 59.77%, which dragged its market capitalization down to $4.99 billion. That’s at the lower end of mid-cap territory and a far cry from its previous market value high of...
Harrah’s New Orleans Enhancements to Accelerate in Early 2023
Caesars Entertainment commenced a $325 million renovation of Harrah’s New Orleans in January 2021, and the operator said that effort will accelerate next month. Some of the more visible alterations to the lone casino-hotel in the Crescent City that will be seen...
Former Texas Governor’s Sports Betting Estimates Contain Hyperbole, Say Experts
Former Gov. Rick Perry (R) is overtly bullish on the idea of his state embracing mobile sports betting. But some experts believe his projections are more hyperbole than reality. Though he’s not an avid bettor, Perry has skin in the game. The...
Elys Game Technology Says Markets Aren’t Giving Stock Adequate Appreciation
Elys Game Technology (NASDAQ: ELYS), a gaming technology provider, entered Wednesday’s trading session with a market capitalization of just $7.61 million and a year-to-date loss of 87.79%. But the company says those statistics indicate financial markets don’t fully appreciate the underlying investment...
Buffalo Bill’s Primm Finally Open Again After Lengthy COVID-19 Closure
Buffalo Bill’s Resort & Casino in Primm, Nevada reopened last Friday after a more than two-year closure forced by the coronavirus pandemic. In March 2020, all Nevada gaming venues were temporarily shuttered by COVID-19 mandates. By 2021, the bulk of those properties...
Macau GGR Could Perk Up as Soon as Early 2023
After nearly three years of dashed hopes and disappointments, Macau gross gaming revenue (GGR) could finally swing higher in 2023. That recovery could start almost as soon as the calendar changes to January. In a new note to clients, UBS analyst Angus...
