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Todd Shriber
5820 stories by Todd Shriber
Casino Earnings Could Pave Way for Equity Outperformance
One of the reasons gaming equities struggled in 2022 was analysts paring 2023 estimates, citing a potentially dreary economic outlook. However, casino earnings season could bring pleasant surprises in terms of constructive outlooks for this...
Las Vegas Strip One of Most Picturesque Roads in US, According to Survey
The neon lights so prominent on the Las Vegas Strip apparently make for a pretty picture, as the world’s most famous collection of casinos is one of the most-photographed roads by Instagram users. A recent...
Wildfire Casino in Downtown Las Vegas Nears Debut
The previously announced Wildfire Casino on Fremont Street in downtown Las Vegas is on pace to open on Friday, Feb. 10. Station Casinos made the announcement yesterday. The venue, which is located at 2700 E....
Coors, DraftKings Partnering on Super Bowl Commercial
It’s Super Bowl commercial rumor season. But there is confirmation that DraftKings and beer giant Molson Coors Beverage Co. are teaming up on an advertisement to be run during the Big Game. For Molson Coors,...
BetMGM Forecasts Profitability in Second Half of 2023
BetMGM, which is jointly controlled by MGM Resorts International (NYSE: MGM) and Entain Plc (OTC: GMVHY), is in a position to turn profitable on the basis of earnings before interest, taxes, depreciation, and amortization (EBITDA)...
Caesars Ups Term Loan to $2.5B, Wiping Out Some 2024, 2025 Debt
Caesars Entertainment (NASDAQ: CZR) announced late Wednesday that it is upping the size of a previously revealed senior secured term loan facility to $2.5 billion from $1.75 billion -- a move that will help the...
Georgia Voters Back Sports Betting, but Support Fades
Close to half of the voters in Georgia support the legalization of sports wagering in the state. But that’s well below levels seen in 2020. A recent poll by the Atlanta Journal-Constitution indicates 48% of...
MGM COO Corey Sanders Sells $2.4M Worth of Casino Stock
MGM Resorts International (NYSE: MGM) COO Corey Sanders unloaded 60,000 shares of the casino giant’s stock on Monday in a transaction valued at $2.4 million. The gaming executive sold the shares at an average price...
Caesars Stock Offering More Reward, Less Risk, Says Analyst
Following a bullish preview of its fourth-quarter financials and plans to reshuffle debt obligations, Caesars Entertainment (NASDAQ: CZR) is gaining favor among Wall Street analysts. That group includes Stifel’s Steven Wieczynski, who, in a new...
Las Vegas Grand Prix Could Double 2024 Super Bowl Economic Impact
Formula 1’s return to Las Vegas will be a major job creator and add more than $1 billion to the local economy, likely doubling the impact of the 2024 Super Bowl. The Las Vegas Grand...
