5136 stories by Todd Shriber
Las Vegas Sands Eyes Nassau Coliseum as Site for New York Casino
Las Vegas Sands (NYSE: LVS) confirmed Thursday that its plan to bring a casino-hotel to downstate New York will focus on western Long Island. The world’s largest casino operator by market capitalization said it entered into agreements to acquire the long-term leases...
Super Group Announces $25M Share Repurchase Plan
Betway parent Super Group (NYSE:SGHC) announced today it will repurchase up to $25 million worth of its common stock over the course of 2023. The company revealed the share repurchase program after the close of US markets, sending the stock higher by...
Formula 1 Betting Las Vegas Grand Prix Can Generate $500M in Sales
Formula One Group (NASDAQ:FWONA) -- the operator of the F1 racing series -- is wagering its November 2023 race in Las Vegas will generate at least $500 million in revenue. Should the series’ first race in Sin City since 1982 meet sales...
Casino Operators Can Endure Economic Downtown, But Some at Risk
Casino operators and gaming suppliers are positioned to weather a recession -- should one arrive -- but some could be vulnerable to economic contraction. That’s the take of Fitch Ratings, which noted in a recent report that casino operators can deal with...
DraftKings Wins Class Action Suit Stemming from SBTech Buy
DraftKings (NASDAQ: DKNG) scored a legal victory Tuesday when a federal court ruled investors didn’t adequately prove claims of impropriety related to the gaming company’s acquisition of technology provider SBTech. Judge Paul Engelmayer of the United States District Court for the Southern...
Steve Cohen Says Gaming Could Be Part of Willets Point Development Plans
In the clearest remarks yet about the possibility of Citi Field-area development including a casino-hotel, New York Mets owner Steve Cohen said gaming could be on the table. The hedge fund billionaire hosted a “visioning session” Saturday at the home stadium of...
MGM Sued by Ex-Aria Employee Over Vaxx Mandate, Claims Religious Exemption
Matthew Backes, a former food and beverage staffer at Aria Resort & Casino on the Las Vegas Strip, is suing his former employer. He alleges his civil rights were violated because he was terminated by refusing to take a coronavirus vaccine based...
‘Coalition For Better Times Square’ Announces Support of Caesars Casino
Amid a spate of looming show closures, the "Coalition For a Better Times Square" is throwing its support behind a controversial casino project in the New York theater district. In a statement released today, the coalition noted 16 shows affecting 39% of...
MSGE Could Use Tao Sale Cash to Fund Sphere Completion, Says Analyst
Madison Square Garden Entertainment (NYSE: MSGE) is reportedly mulling the sale of Tao Group, proceeds of which could be used to offset ballooning costs tied to the MSG Sphere on the Las Vegas Strip. Earlier this week, The New York Post reported...
MGM Upgraded, Penn Downgraded, Wynn Top Idea in Stifel 2023 Gaming Coverage
The early innings of 2023 are bringing about a fresh round of commentary from sell-side analysts, with Stifel’s Steven Wieczynski chiming in on a variety of familiar names. In a new note to clients, Wieczynski unveils constructive comments on Las Vegas Strip...
