4982 stories by Todd Shriber
Macau Could Finally Entice Wary Investors, Says JPMorgan
After avoiding Macau gaming equities for more than two years, global investors could revisit the asset class in 2023 in search of value and rebound candidates. That’s the sentiment of JPMorgan Securities, which said in a report out Monday that Macau casino...
Genting Macau Hopes Dashed, But Not Dead
Genting Malaysia’s hopes of procuring a Macau gaming license were dashed over the weekend, as authorities in the special administrative region (SAR) awarded provisional permits to the six established concessionaires. But some analysts believe there are still ways the company can enter...
Wynn Macau Pouring $596M into Business to Comply with Gaming Law
Wynn Macau has announced it is allocating $596.4 million to its Wynn Resorts Macau (WRM) unit. The move is to comply with the capital requirements laid out in the special administrative region’s (SAR) new gaming laws. Macau’s updated gaming policies require concessionaires...
MGM Could Revisit Entain Takeover or Move to Buy BetMGM
The rumor mill regarding MGM Resorts International (NYSE:MGM) possibly revisiting a takeover bid for Entain Plc (OTC:GMVHY) continues spinning. There is renewed speculation that the casino behemoth could move to acquire all of the Ladbrokes owner, or attempt to buy the 50%...
Flutter Mulling US Listing to Generate More Interest, Volume in Stock
When it comes to capital markets transactions in the US, Flutter Entertainment (OTC:PDYPY) is usually mentioned as potentially spinning off a portion of its FanDuel unit to public investors. Some investors believe the gaming company might want to consider more than that,...
Facebook Reveals Limitations On Betting Advertisements
Facebook recently updated its policies on wagering-related advertisements on the social media site, noting that prospective advertisers will have to request, in writing, permission to run betting ads on the platform. Those requests must be made to Meta Platforms, which is the...
ESPN Sports Betting Plans May Not Be Assisted by Disney CEO Change
Walt Disney Co. (NYSE:DIS) stunned the entertainment industry and the investment community Sunday, announcing the return of Bob Iger as chief executive officer and the departure of Bob Chapek from that role. Disney said Chapek, who replaced Iger at the helm of...
World Cup Fevered Pitch Could Benefit Sportsbook Operators
The 2022 World Cup kicked off earlier this week. This is the first edition of the most prestigious soccer tournament with a significant portion of the US population having access to regulated sports wagering. During the 2018 edition of the tournament, only...
Wynn Holding Screening, Offering Packages Tied to ‘Yellowstone’ Prequel ‘1923’
Wynn Las Vegas announced Tuesday that it will hold an exclusive screening of "1923" -- the newest prequel tied to the smash hit series "Yellowstone." The screening will take place on Saturday, December 3 in the Encore Theater at Wynn Las Vegas....
DraftKings Says Impact of Hack Limited, Analysts Concerned About User Confidence
DraftKings (NASDAQ: DKNG) investors and clients were spooked Monday after the sportsbook operator confirmed some customer accounts were hacked by cyber thieves. The Boston-based gaming company said late Monday that less than $300K in client funds were affected by the cyber breaches....
