5402 stories by Todd Shriber
Circa Sports Taking Thoughtful Approach to Expansion
In short order, Circa Sports became known as the sports bettor’s sportsbook, embracing action from sharp bettors that other bookmakers decline or limit. That reputation makes Circa one of the most revered sportsbooks in its home market of Las Vegas, and that’s...
Standard General Trims Bally’s Stake in Dutch Auction
Hedge fund Standard General modestly reduced its stake in Bally’s (NYSE:BALY) in the casino operator’s recent Dutch auction. Standard General is controlled by Soo Kim, a member of Bally’s board. The money manager tendered 360,000 shares at prices ranging from $19.25 to...
Las Vegas Sands: Lots to Like Long-Term, Says Analyst
Las Vegas Sands (NYSE:LVS) reported second-quarter earnings earlier this week, with the casino operator posting increasing losses. But signs of recovery in Singapore have analysts optimistic about the long-term case for the beleaguered shares. In a new note to clients, Macquarie analyst...
Kindred Mulling Sale, Big Names Reportedly Decline
Kindred Group is reportedly looking to sell itself. But the Swedish gaming company may have been rebuffed by some marquee names, including private equity giants and European sportsbook operators. The Unibet operator mulling a sale could be the result of Keith Meister’s...
Barstool Sportsbook Sponsoring Kansas NASCAR Race
Barstool Sportsbook is adding its name to another high profile sporting event, as its brand will be attached to the upcoming NASCAR race at Kansas Speedway. The Sept. 11 race is being renamed the "Hollywood Casino 400 presented by Barstool Sportsbook." Penn...
Red Rock Resorts Adds to Las Vegas Land Holdings in $172M South of Strip Buy
Red Rock Resorts’ (NASDAQ:RRR) is adding to its vast holdings of Las Vegas property, today announcing it acquired 126 acres south of the Strip for $172 million. The parent company of Station Casinos didn’t specify plans for the land, which is near...
Colorado, Nevada Among Leaders in Sportsbook Customer Satisfaction
Colorado, Iowa, Nevada, and West Virginia are the top-scoring states in the most recent reading of the Consumer Choice Center’s US Sports Betting Index. The gauge ranks all 50 states on consumer friendliness and sportsbook accessibility, with criteria including “How consumers can...
Hollywood Baton Rouge Land Move Pinched by Macroeconomic Issues
Rampant inflation and a broken supply chain are crimping a variety of industries, and gaming isn’t immune from the problem. Hollywood Casino in Baton Rouge, La. is a prime example of macroeconomic woes hindering a gaming venue. Persistently high inflation and a...
Full House, Golden Entertainment Estimates Pared, Analyst Remains Constructive
The latest issue confounding already sagging casino equities is sell-side analysts revising estimates and price targets lower to reflect the specter of a potential economic slump. That's amid elevated fears of a material pullback in consumer discretionary spending, Analysts aren’t playing favorites,...
Las Vegas Raiders President Sandra Douglass Morgan Departing Caesars Board
Newly appointed Las Vegas Raiders President Sandra Douglass Morgan is leaving Caesars Entertainment’s board of directors. The gaming company revealed the departure in an 8-K filing with the Securities and Exchange Commission (SEC) and clearly notes the decision revolves solely around her...
