5316 stories by Todd Shriber
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%...
Melco Liquidity Strongest Among Macau Peers, Says Research Firm
Melco Resorts & Entertainment (NASDAQ: MLCO) can survive well into 2024 at current cash burn rates, assuming near-zero revenue persists in Macau, according to a research firm. That implies the City of Dreams operator has a superior “liquidity runway” relative to Macau...
MGM Sets New Pay Packages for CEO Bill Hornbuckle, CFO Jonathan Halkyard
In a new regulatory filing with the Securities and Exchange Commission (SEC), MGM Resorts International (NYSE:MGM) revealed new compensation packages for high-ranking executives, including CEO Bill Hornbuckle and CFO Jonathan Halkyard. Hornbuckle’s new agreement goes into effect on Sept. 1 and runs...
BetMGM, SportsGrid Bolster Partnership Ahead of Football Season
Just in time for the 2022 football season, BetMGM and SportsGrid said today they’re expanding their partnership announced earlier this year. Financial terms of the broadened accord weren’t revealed. Currently, the gaming company’s content will be featured across SportsGrid’s original, live programming...
Everi Stock Supported by Healthy Industry Trends, Expanding Market Share
Shares of Everi Holdings (NYSE:EVRI) are following the broader gaming equity space lower on Monday. But one analyst sees reasons to be bullish on the gaming supplier. In a note to clients today, B. Riley analyst David Bain reiterated a “buy” rating...
