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Todd Shriber
5775 stories by Todd Shriber
Seasonal Lethargy Setting in for Sportsbook Operators, Promo Spending Declining
It’s July, meaning sportsbook operators are smack in the middle of the annual seasonal slowdown owing to a slow sports calendar. But it’s possible June through August lethargy could provide support to downtrodden sports betting...
S&P Forecasts Dismal 2022 GGR Tally in Macau, Could Cut Credit Ratings on Three Operators
Amid a recent surge in coronavirus cases, Macau casinos are hardly open, and some are being used as quarantine zones. That's prompting one ratings agency to issue a bleak 2022 gross gaming revenue (GGR) forecast...
DraftKings Stock Endures Two Price Target Cuts, Analysts Forecast Big California Costs
DraftKings (NASDAQ:DKNG) is pointing higher in late trading Thursday despite being on the receiving end of two price target reductions by Wall Street analysts. In a note to clients today, Citi analyst Jason Bazinet trimmed...
NBA G League Team Eyeing Las Vegas Move
It’s not the professional basketball franchise many Las Vegans are hoping for. But it looks like the gaming hub will be home to a team from the NBA’s G League -- the association’s developmental arm....
Early Warning Signs Emerging in Gaming Space, Says Analyst
Gaming stocks languished alongside the broader market in the first half of 2022, despite robust demand and strong margin growth. Now, it appears the toll of an inhospitable macroeconomic environment -- one rooted in rising...
MGM Brand Heading to Shanghai for Non-Gaming Hotel
MGM Resorts International is bringing its iconic brand to Shanghai -- China’s most populous city -- for a new, non-gaming hotel. Diaoyutai MGM Hospitality said today it reached an agreement with Shanghai West Bund Development...
Red Rock Resorts Bringing Wildfire Casino to Downtown Las Vegas
Red Rock Resorts (NASDAQ:RRR) is one of the dominant operators of locals-oriented casinos throughout the Las Vegas Valley. It’s looking to cement that status with the addition of a new gaming venue downtown. The Station...
Wynn Macau Licensing Agreement Limited to $74.5M
Wynn Macau has reached an agreement with Wynn Resorts (NASDAQ:WYNN) -- its US-based parent -- whereby the Chinese gaming entity’s licensing obligations to the Las Vegas company will be capped at $74.5 million. The accord...
Caesars Wraps Up William Hill Asset Sale to 888, Will Allocate Cash to Paring Debt
Caesars Entertainment (NASDAQ:CZR) announced today that it closed the sale of William Hill’s international assets to 888 Holdings. After counting for fees and taxes, the US casino giant is garnering $730 million in net proceeds,...
Oakland Votes to Reclassify Port, Deals Blow to Las Vegas A’s Hopes
On Thursday, the San Francisco Bay Conservation and Development Commission voted to alter the classification of a terminal at the Port of Oakland. That potentially deals a blow to Las Vegas’s hopes of being the...
