4982 stories by Todd Shriber
Caesars Paring Sports Betting Ad Spending, Still on Pace to Sell Vegas Casino
As it gains more market share and looks to stem related losses, Caesars Entertainment (NASDAQ:CZR) is reducing its traditional media spending. Those funds are aimed at acquiring customers for its burgeoning online sports betting operation. CEO Tom Reeg made the announcement earlier...
DraftKings Endures Spate of Price Target Cuts
After shedding more than a quarter of its value last week, DraftKings (NASDAQ:DKNG) is dealing with more bad news today. At least eight Wall Street analysts are cutting price targets on the downtrodden sports betting stock. Adding insult to injury, three of...
Bally’s Hires Investment Bank, Law Firm to Mull Standard General Takeover Bid
Bally’s Corp. (NYSE:BALY) announced today it has hired an investment bank and law firm to evaluate a takeover offer. It formed a special committee earlier this month to consider a $38 per share proposal made by hedge fund Standard General. The special...
Caesars Bringing Harrah’s Brand to Florida in Rename of Isle Casino Pompano Park
Caesars Entertainment is bringing the storied Harrah's brand to Florida as it renames Isle Casino Pompano Park later this year. The gaming company said the venue will be known as Harrah’s Pompano Beach in the fall. The rebranding is part of a...
Golden Entertainment Gushes Cash Flow
Last week, Golden Entertainment (NASDAQ:GDEN) reported consensus-beating fourth-quarter revenue. But some analysts believe the real story for the Strat operator is a burgeoning free cash flow (FCF) story that could prompt elevated shareholder rewards. On its current free cash flow trajectory, it's...
Hard Rock Sets Sights on Three Locations for New York City Casino
Hard Rock International, the gaming arm of Florida's Seminole Tribe, is evaluating three sites on which it could possibly build an integrated resort in New York City. Chairman Jim Allen made those remarks in a Thursday interview with the Associated Press, though...
DraftKings Plunges as 2022 Guidance Highlights Profitability Concerns
Shares of DraftKings (NASDAQ:DKNG) are lower by almost 20 percent on volume that's more than double the daily average in midday trading. That's after the online sportsbook operator presented investors with 2022 guidance that further accentuates its long road to profitability. While...
Meister’s Corvex Takes Five Percent Stake in Kindred
Kindred Group, the Swedish online gaming operator, announced today Keith Meister’s Corvex Management owns more than 5 % of the wagering company. The Stockholm-listed firm updates investors whenever a professional investor buys or sells stakes equivalent to five percent or more of...
BetMGM, SportsGrid Unveil Content Partnership
BetMGM and SportsGrid, the only 24-hour sports wagering streaming network in the US, are unveiling a content partnership. The gaming company's content will be featured across SportsGrid's original, live programming and will be enhanced by social media and television advertising. Financial terms...
Sands China Unlikely to Restart Dividend Before 2024, Say Analysts
Sands China -- the Macau arm of Las Vegas Sands (NYSE:LVS) -- may resume paying dividends in 2024. But the payout returning prior to that is unlikely. That's the sentiment of Bernstein analyst Vitaly Umansky, and it arrives a day after Standard...
