4980 stories by Todd Shriber
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...
Rush Street Interactive Has Peru Potential
Peru recently legalized iGaming and online sports betting, joining five other Latin American countries in doing so. That move could have positive implications for some US-based gaming companies, including Rush Street Interactive (NYSE:RSI). It’s estimated that online sports betting drives an annual...
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...
Genting Has No Good Reason to Sell Singapore Arm, Says Bank
Aside from a one-time cash infusion, Genting Berhad has little reason to divest its Singapore unit, which owns the Resorts World Sentosa integrated resort. That’s the sentiment of analysts at Japanese investment bank Nomura, who in a Monday note say Genting Singapore...
Caesars Estimates Pared Amid Recession Fears, but Risk/Reward Seen as Favorable
Shares of Caesars Entertainment (NASDAQ:CZR) are off almost 59% year-to-date, marking one of the worst showings in the gaming space. That's sparked concerns on Wall Street that the stock is vulnerable to economic contraction and a potential pullback in consumer spending. In...
