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Todd Shriber
5820 stories by Todd Shriber
Wynn New York Pitch Viable, Digital Unit Could Take Time to Deliver Upside
Through the first quarter, Wynn Resorts (NASDAQ: WYNN) stock is strutting its stuff. But upside by way of a New York casino and contributions from WynnBET are far-off prospects, according to one analyst. In a...
Not Little Caesars: Casino Stock Best in S&P 500 This Week
It was a good week for stocks as the S&P 500 gained 3.45%, but Caesars Entertainment (NASDAQ: CZR)far outpaced the broader market in the last week of March, surging 15.12%. That run was assisted by...
MGM Earmarks $110M for Bellagio Upgrades, 2024 Enhancements Planned
MGM Resorts International has pledged to spend $110 million on Bellagio enhancements, including all rooms and suites in the Spa Tower. The Spa Tower redesign pertains to 819 guest rooms and 104 suites and is...
DraftKings CEO Jason Robins Dumped Stock on Day He Praised Outlook on Twitter
On the same day he spoke optimistically about the company’s future on Twitter, DraftKings (NASDAQ: DKNG) cofounder and CEO Jason Robins reduced his equity stake in the gaming operator. According to a Form 4 filing...
Caesars Not Getting Enough iGaming Love, Says Barclays Analyst
By number of venues, Caesars Entertainment (NASDAQ: CZR) is the largest casino operator in the US. But its online business isn’t receiving adequate credit from investors. That’s the sentiment of Barclays analyst Brandt Montour, who...
Consumers Planning Sharp Reductions in Betting, Says Conference Board
Consumers are planning to dramatically reduce their expenditures on lotteries and other forms of wagering over the next six months, according to The Conference Board’s latest Consumer Confidence Survey. Released earlier this week, the survey...
Wynn Resorts Has Multiple Upside Catalysts, Says Analyst
Shares of Wynn Resorts (NASDAQ: WYNN) are higher by 32.23% year-to-date, good for one of the best performances among gaming equities. A sell-side analyst believes the operator can generate more upside. In a new report...
DraftKings Spent $2M on Jet, Security for CEO Robins, Boosted Pay as Stock Stumbled
Last year, DraftKings (NASDAQ: DKNG) spent nearly $2 million on private jet and security expenses for co-founder and CEO Jason Robins while significantly boosting his equity-based compensation even as the shares plunged. In a recently...
Las Vegas Related: Leisure Travelers Spending Less on Dinner, Nightclubs
Perhaps surprisingly, multidecade high inflation hasn’t materially affected the US gaming industry. But data confirms guests are dialing back expenditures previously allocated to amenities such as fancy restaurants, nightclubs, and poolside cabanas. Though that trend...
NFL Owners Approve Keeping Stadium Sportsbooks Open During Games
NFL owners approved a plan Tuesday that allows for in-stadium sportsbooks to remain open while games are played in those venues. The decision is the latest in a long line signaling the league's rapid transition...
