5402 stories by Todd Shriber
Ontario 2Q GGR Underwhelming, Not Catalyst for Penn Stock, Says Analyst
On Tuesday, Ontario finally updated analysts, investors and market observers on its iGaming and sports betting handle and revenue. The update encompassed the time span since the rollout of those activities in early April. Suffice to say, Canada’s largest province disappointed. Data...
Light & Wonder CEO Transition Applauded By Analyst
Light & Wonder (NASDAQ: LNW) announced late Tuesday that Barry Cottle resigned as chief executive officer and president. He also left the company’s board, with Matt Wilson stepping in as interim CEO -- a change that’s drawing praise from some analysts. In...
Fanatics Could Take Sports Bets by End of 2022, Says Founder
Fanatics -- long rumored to be entering the sports betting business -- could be accepting wagers by the end of this year. In an interview on The Volume with Colin Cowherd, Fanatics founder Michael Rubin said the company could be taking sports...
IGT Reaches Settlement with DoubleDown Interactive, Sees Q3 Charge of $120M
International Game Technology (NYSE:IGT) announced today it reached an agreement in principle to settle legal claims stemming from the Benson v. DoubleDown Interactive LLC litigation. That suit is tied to IGT’s June 2017 sale of social casino developer DoubleDown Interactive (NASDAQ:DDI) to...
Golden Nugget Lake Charles Opening New DraftKings Sportsbook
DraftKings is getting a permanent retail sportsbook location at the Golden Nugget Lake Charles. That's slated to open on Thursday, September 1. The new sportsbook, which will be the largest in Louisiana, replaces a temporary venue rolled out at the casino-hotel last...
Melco Resorts Stock Could Gain Support from China Audit Accord
Melco Resorts & Entertainment (NASDAQ: MLCO) is among the Chinese stocks trading in the US that could benefit from a new deal struck by US and Chinese regulators. Last Friday, the Public Company Accounting Oversight Board (PCAOB) reached an accord with the...
MGM Stock Has Goods to Weather Macau Storm
By way of its 56% stake in MGM China, MGM Resorts International (NYSE:MGM) is exposed to slumping Macau. But the stock has the ingredients to endure ongoing turbulence in the largest Asia-Pacific casino hub. Shares of the largest operator on the Las...
Las Vegas Tops Club Med Vacation Happiness Survey
Supposedly, Disneyland is the happiest place on earth. But according to a Club Med survey, Las Vegas has its own happy vacation credentials. The casino capitol of the US ranks first in Club Med’s survey of North America’s “happiest holiday destinations” and...
Barstool, Caesars, DraftKings Among Operators Approved for Kansas Sports Betting
Regulated sports wagering debuts in Kansas on Sept. 1, with mobile betting following on Sept. 8. In advance of those launches, the Kansas Lottery announced the initial batch of operators approved in the state. Those gaming companies are as follows: Barstool Sportsbook,...
Penn Entertainment Shares Could Resume Winning Ways
Penn Entertainment's (NASDAQ:PENN) stock is off 38% year-to-date, a decline far worse than that of the MVIS Global Gaming Index. But some market observers believe shares of the casino giant offer rebound potential. The Pennsylvania-based company is the largest regional casino operator...
