Areas of Expertise
4982 stories by Todd Shriber
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...
Gamblers Abandoned $22M in Tickets Value at Nevada Casinos
For those who think the casino industry and government have enough money, this might not sit well: visitors to Nevada casinos let $22 million in betting slips go unclaimed in the recently completed fiscal year, according to the Nevada Gaming Control Board...
Bally’s Interactive, Genius Sports Ink Data Deal
Genius Sports announced today it landed a new data accord with Bally’s Interactive -- the digital gaming unit of casino operator Bally’s. Financial terms of the deal weren’t revealed. Through the partnership, Bally’s Interactive gains access to Genius Sports’ extensive portfolio of...
Century Casinos, VICI Properties Paying $260M for Maryland Casino
Century Casinos (NASDAQ: CNTY) and VICI Properties (NYSE: VICI) are teaming up. They're seeking to buy the Rocky Gap Casino Resort in Flinstone, Md. from Golden Entertainment (NASDAQ: GDEN) for $260 million in cash. Century is paying $56 million for the operating...
Playtika Soars on Possible Stock Repurchase Plan
Mobile gaming company Playtika (NASDAQ:PLTK) is trading higher in Wednesday’s after-hours session. That's following publication of a regulatory document indicating the firm could repurchase up to $600 million worth of its shares. Playtika’s late Wednesday pop arrives after the stock surged 6.79%...