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Todd Shriber
5725 stories by Todd Shriber
AGS Gaming Tech Company Bullish on Supreme Court Texas Bingo Ruling
The Supreme Court ruled on Wednesday that Texas cannot block the Ysleta del Sur Pueblo from offering bingo games on its reservation near El Paso. Gaming company AGS (NYSE:AGS) is bullish on the high court’s...
Sands China, Wynn Macau Most Affected by Macau Dividend Rule, Says Bank
Under Macau’s new gaming law, concessionaires need to notify Chief Executive Ho Iat-seng of plans to pay dividends. Credit Suisse analysts say Sands China and Wynn Macau are the operators most affected by that requirement....
LVS Needs to Provide Capital to Sands China, Says Credit Suisse
Las Vegas Sands (NYSE:LVS) needs to provide its Sands China unit with $413 million in cash to come into compliance with Macau’s new gaming laws, according to Credit Suisse. Analysts at the bank say Sands...
Texas Tribe Hits Bingo in Supreme Court Case
The Ysleta del Sur Pueblo, a Texas Native American tribe, scored a Supreme Court victory today in its quest to offer bingo games in the second-largest state. In a 5-4 ruling, the Court said federal...
Wynn Loan to Macau Unit Negative Sign, Others Could Follow, Says Morgan Stanley
Wynn Resorts (NASDAQ:WYNN) extending a $500 million credit revolver to its Wynn Macau unit is a negative sign. But other concessionaires in the world’s largest casino center could follow, according to Morgan Stanley analysts. The...
GAN Extends Share Buyback Plan
GAN Ltd. (NASDAQ:GAN) announced today it is extending a previously announced $5 million share repurchase program. The move potentially provides some relief to its badly battered shares. The gaming technology provider said it’s pushing the...
Former Penn National Software Engineer Charged with Insider Trading
The Securities and Exchange Commission (SEC) today said it’s charging an ex-Penn National Gaming (NASDAQ:PENN) employee with insider trading. The charge stems from the casino operator’s $2 billion purchase of Score Media and Gaming. In...
Macau Gaming Law Now Mandates Operators Can’t Directly Invest in Each Other
The third version of Macau’s still in-the-works revised gaming laws will reportedly mandate that concessionaires and their biggest investors cannot directly invest in competitors. But they can indirectly own up to 5% of rivals. The...
PointsBet Reportedly Rebuffed Murdoch-led Group Bid for Aussie Business
PointsBet (OTC:PBTHF) reportedly turned back an acquisition offer for its Australian unit valued at up to $211.1 million. The bid came from a group led by Rupert Murdoch’s News Corp and legendary Aussie bookmaker Matthew...
Sports Betting Advertising Soars 281% Through May
Sports wagering national advertising nearly quadrupled for the nine months ending May 31, soaring 281% to $282 million over that period, according to iSpot.tv. From September 2021 through May 2022, total impressions jumped 48% to...
