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Todd Shriber
5666 stories by Todd Shriber
Macau Concessionaires Could Be EBITDA Positive in Q1 – Morgan Stanley
Following a lengthy run of losses, Macau concessionaires could turn positive on the basis of earnings before interest, taxes, depreciation, and amortization (EBITDA) in the current quarter, according to a team of Morgan Stanley analysts....
Madison Square Garden Entertainment Confirms Spin-Off, MSG Sphere Plans
Madison Square Garden Entertainment Corp. (NYSE: MSGE) has announced that it's moving ahead with a spin-off of its live entertainment business. That means investors will receive shares in a company holding the Sphere on the...
Macau Casino Companies to Prioritize Capital Spending Over Near Term
The six Macau casino operators are likely to focus on required capital spending over the near term before turning attention to operating expenditures. That’s the take from S&P Global Ratings. They recently noted the six...
Sands Long Island Casino Plan Already Drawing Opposition
Las Vegas Sands is already facing opposition, albeit modest, to its recently revealed proposal to turn Nassau Veterans Memorial Coliseum in Uniondale, NY into a casino-hotel. The gaming company announced that plan on Thursday, and...
Dallas Cowboys Owner Jerry Jones Wants Texas to Consider Legalizing Sports Betting
Dallas Cowboys owner Jerry Jones believes the time is right for Texas to consider approving sports wagering, citing potential benefits for the second-largest state. Jones made the remarks in a Friday interview on K&C Masterpiece...
Full House Resorts Could Be Earnings Winner Thanks to New Casinos
Full House Resorts (NASDAQ: FLL) could deliver earnings per share (EPS) growth this year, as the operator opens two new casinos to the public. That’s the sentiment of CBRE analyst John DeCree, who restarted coverage...
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...
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...
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...
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...
