4982 stories by Todd Shriber
Las Vegas Sands Quiet on Thailand Plans, Prefers Restoring Dividend to Buyback
Las Vegas Sands (NYSE:LVS) is trading lower today -- a day after delivering first-quarter results that included positive earnings before interest, taxes, depreciation and amortization (EBITDA) at its Marina Bay Sands integrated resort in Singapore. The company reported a loss of 41...
Aristocrat Leisure Likely to Consider Sizable Acquisitions, Says Fitch Ratings
Apparently not chastened by the collapse of its attempted takeover of Playtech, Aristocrat Leisure is likely to remain a player in large-scale mergers and acquisitions, says Fitch Ratings. Last year, the Australian gaming device giant attempted to acquire Playtech for $2.84 billion....
Rush Street Interactive Stock Soars on Wells Fargo Upgrade
Rush Street Interactive (NYSE:RSI) is soaring, ranking as one of Wednesday’s best-performing gaming stocks on the back of an analyst upgrade. In midday trading, shares of the online sportsbook operator are up 9.5%. In a note to clients today, Wells Fargo analyst...
Caesars Rewards Credit Card Now Allows Users to Boost Tier Status
Typically, rewards credit cards allow users to earn frequent flier miles or other forms of points. But Caesars Entertainment is shaking things up. The gaming company announced today that users of its popular Caesars Rewards Visa Card will be eligible to increase...
Bally’s, Cleveland Browns Team Up Ahead of Ohio Sports Betting Launch
Sports betting isn’t live in Ohio. But Bally’s and the NFL’s Cleveland Browns are preparing for that debut, announcing a wide-ranging partnership. The gaming company’s Bally’s Interactive unit will become the official sports betting partner of the NFL franchise. Financial terms of...
BlueBet Joining Louisiana Sports Betting Party
BlueBet, an Australian bookmaker, is joining the fast-growing Louisiana sports wagering market, announcing a decade-long access agreement with Louisiana Downs. Louisiana legalized sports wagering last October, and mobile betting there went live in January. The Australian gaming company expects to launch in...
South Carolina Sports Wagering Bill Allows Cryptocurrency Funding, Esports Betting
New bipartisan legislation aimed at bringing regulated sports wagering to South Carolina contains some unique provisions, including permitting the use of digital currencies for account funding. House Bill 5277 (HB 5277), sponsored by Rep. William Herbkersman (R) and Rep. Todd Rutherford (D),...
SJM Holdings Liquidity at ‘Worrying’ Levels
Macau concessionaires are facing varying degrees of liquidity concerns. But the worst off of the six appears to be SJM Holdings. In a recent note to clients, JPMorgan analysts DS Kim, Amanda Cheng, and Livy Lyu write that SJM may only have...
FanDuel to Be New York Yankees Official Sports Betting Partner
FanDuel, the largest US online sportsbook operator, announced today that it has inked a deal to become the official sportsbook partner of the New York Yankees. The agreement expands a previously established relationship between the gaming company and the Major League Baseball...
Penn National Gaming Earns Morgan Stanley Upgrade
Following a brutal stretch that’s seen the stock shed 59.27% of its value over the past year, Penn National Gaming (NASDAQ:PENN) is drawing some praise on Wall Street. In a note to clients today, Morgan Stanley analyst Thomas Allen upgrades shares of...
