4979 stories by Todd Shriber
Caesars Rewards Tops USA Today Best Players Club Survey, MGM Also on List
Caesars Entertainment’s Caesars Rewards again took home top honors in the “Best Players Club” category in USA Today’s 2022 iteration of the 10 Best awards. Editors at 10Best.com, USA Today’s dedicated travel and leisure unit, ranked Caesars Rewards as the best casino...
Entain CEO Says Company Is More Buyer than Seller
Since early 2021, when MGM Resorts International (NYSE:MGM) offered more than $11 billion for the company, Entain Plc (OTC:GMVHY) has been viewed as one of the gaming industry’s top takeover targets. But the Ladbrokes owner sees itself more as hunter than prey....
Lottery.com Endures Another Miserable Week Amid Executive Mass Exodus
Shares of embattled Lottery.com (NASDAQ:LTRY) closed higher today. But that doesn’t obfuscate a weekly decline of 15.50% -- one that was hastened by news of four resignations by board members. This week’s slump by the internet lottery company extends the stock’s year-to-date...
Apple, Google Casino App Case Heading to Ninth Circuit
Cases against three technology titans in which plaintiffs claim the companies provide platforms to illegal gaming are heading to the 9th US Circuit Court of Appeals. That's after a federal judge in a lower court asked for clarity on unfamiliar precedent. The...
VICI Properties Boosts Dividend Eight Percent
VICI Properties (NYSE: VICI), the largest casino landlord in the US, said today it is raising its quarterly to 39 cents a share, an 8.3% increase from current levels. The move elevates the Caesar Palace owner’s annual payout to $1.56 a share...
PlayAGS Plunges After Ending Merger Talks with Inspired Entertainment
PlayAGS (NYSE:AGS) ranked as Thursday’s worst-performing gaming stock , tumbling 20.76% after the company announced merger discussions with Inspired Entertainment (NASDAQ:INSE) ended. Last month, Inspired Entertainment offered $10 a share in cash for AGS, valuing the target at $370 million. At that...
PointsBet US Operations a Hot Mess, Says Former Employee
PointsBet (OTC:PBTHF) is well-known in its home country of Australia, and it’s aiming for similar status in the US. But a former staffer claims the bookmaker’s US operations are beset by strategy missteps and a toxic culture. The ex-employee, identified only as...
Bally’s Wins Nevada Approval to Run Tropicana Las Vegas
The Nevada Gaming Control Board (NGCB) has approved Bally’s (NYSE: BALY) to operate Tropicana Las Vegas. The approval came today, Sept. 7, more than a year after the gaming company bought rights to manage the famed Strip venue. In April 2021, Bally’s...
Red Rock Resorts an Alluring Growth Story, Says Analyst
Red Rock Resorts (NASDAQ: RRR) possesses multiple favorable fundamental drivers that could make it one of the more attractive long-term opportunities among casino equities. That’s the sentiment of Jefferies analyst Cassandra Lee, who initiated coverage of the gaming company today with a...
DraftKings Offering Same Game Parlays Across Multiple Contests
Same game parlays are among the innovations brought about by mobile sports wagering, and DraftKings is going further. It is now allowing bettors to use multiple games to build a potentially more lucrative wager. Typically, a same game parlay lives up to...
