5402 stories by Todd Shriber
Tilman Fertitta Takes 6.1% Stake in Wynn Resorts
Tilman Fertitta’s Fertitta Entertainment includes the Golden Nugget casino empire. But the billionaire businessman is investing in rival Wynn Resorts (NASDAQ: WYNN) as well. A Schedule 13G filing with the Securities and Exchange Commission (SEC) indicates Fertitta Entertainment, Fertitta himself, and another...
Gaming and Leisure Properties Interested in Strip Real Estate Acquisition
After previously indicating it wasn’t enamored by the prospect of increasing its footprint on the Las Vegas Strip, Gaming and Leisure Properties (NASDAQ:GLPI) is signaling willingness to consider a Sin City acquisition. The real estate investment trust (REIT) owns the property assets...
Red Rock Q3 Earnings Not Exciting, Some Pleasant Surprises Delivered
Red Rock Resorts (NASDAQ: RRR) delivered third-quarter earnings after the close of US markets on Thursday, telling investors it earned 83 cents a share on revenue of $414 million. While net income fell to $95.5 million from $117.9 million a year earlier,...
Apple Yanks Gaming Ads from App Store Amid Developer Outrage
Apple is halting the dissemination of wager-related advertisements on product pages in the App Store following backlash from developers. Reports surfaced that developers recently spotted an influx of ads tied to potentially dubious online gaming entities appearing throughout the App Store. The...
FanDuel, Sportradar Ink Lengthy NBA Data Agreement
FanDuel and Sportradar announced Wednesday a new NBA data accord that runs through the end of the 2030-31 season. Financial terms of the pact weren’t revealed, but the new agreement, in part, serves as an extension of one reached in August 2021....
Sands Most Likely to Retain Macau License, Says Morgan Stanley
Las Vegas Sands’ (NYSE: LVS) Sands China unit is the least likely of the six current Macau concessionaires to lose its license in the special administrative region’s (SAR) retendering scheme, according to Morgan Stanley analysts. That’s a critical point for apprehensive investors,...
Westgate Las Vegas Making Teslas Available to Hotel, Timeshare Guests
The Westgate Las Vegas Resort & Casino is making it easier for hotel and timeshare guests to reduce their carbon footprints during visits to Sin City. The operator of the off-Strip venue said Monday it inked an agreement with EV Mobility, LLC...
Washington, DC Councilmember Proposes Competitive Sports Betting Bill
Washington DC’s sports betting app, GamBetDC, has been a dud since it debuted in early 2021. One member of the city council is looking to change that by promoting a competitive bidding process. On Monday, Councilmember Elissa Silverman (I-At Large) proposed legislation...
Millennials, Gen Z Comprise Majority of Sports Bettors, According to Study
The proliferation of online and mobile sports wagering is assisting gaming companies in capturing more business from younger demographics -- namely millennials and Gen Z -- and many of those bettors want to visit brick-and-mortar casinos after wagering online. That according to...
International Game Technology Repurchases 1.35M of Own Shares
International Game Technology (NYSE: IGT) recently repurchased 1.35 million shares, or about $22 million worth of its own stock. The buyback activity occurred across three transactions from September 30 through October 14 in amounts of 765,300, 289,735, and 298,580 shares, respectively. The...
