4979 stories by Todd Shriber
Betting Advertisement Costs More Than Doubled in 2021, Nielsen Ratings Says
With more states approving mobile sports wagering, sportsbook operators are engaging in more advertising. And data confirms they're paying up for the privilege. Nielsen, the television ratings firm, said the cost of television ads for internet gaming, sports betting, and related services...
Monarch Casino Smashes Q4 Estimates on Black Hawk Ramp
Shares of Monarch Casino & Resort (NASDAQ:MCRI) are soaring Thursday. That's after the regional casino operator reported estimate-trouncing fourth-quarter results, and as an analyst ups his outlook on the stock. In midday trading, Monarch stock is higher by nearly eight percent on...
MGM on Buyback Binge, Sees Cosmopolitan Buy Closing in Q2
MGM Resorts International (NYSE:MGM) reported fourth quarter results that blew past Wall Street estimates. That's while noting it's buying back a significant amount of its stock, and that a pair of marquee transactions are slated to close in the second quarter. In...
VICI Properties Boosts Borrowing Capabilities With $3.5B Credit Facility, Term Loan
VICI Properties (NYSE:VICI), the largest casino landlord, is expanding its borrowing capacity in a significant fashion. The company now has access to a new, undrawn combined $3.5 billion unsecured credit facility and a term loan. The gaming real estate investment trust (REIT)...
Penn National Stock Rallies on Susquehanna Upgrade
Penn National Gaming (NASDAQ:PENN) stock is soaring Wednesday. That's after a sell-side analyst waxed bullish on the company's digital gaming unit. In a note to clients, Susquehanna analyst Joseph Stauff lifts his rating on Penn to “positive” from “neutral,” while boosting his...
Caesars Digital Betting Biz Valuation Not Adequately Appreciated, Says Analyst
Caesars Entertainment (NASDAQ:CZR) is a rising force in the internet casino and online sports betting industries. But an analyst argues the current share price implies negative value for the digital business, while lower-quality rivals command billions of dollars in equity value for...
Nevada Rep. Susie Lee Discloses Husband Purchased Wynn Resorts Shares
Rep. Susie Lee (D-NV) revealed her soon-to-be former husband, Dan Lee, recently purchased shares of Wynn Resorts (NASDAQ:WYNN). In a periodic transaction report with the clerk of the House of Representatives, Lee, who represents Nevada's third congressional district, disclosed that her husband...
Bragg Gaming Soars After Raising 2022 Guidance
Shares of Bragg Gaming Group (NASDAQ:BRAG) are surging Tuesday after the Canadian gaming technology provider lifted its 2022 guidance. It also delivered a preliminary outlook for its fourth quarter and all of 2021 that indicates the company will top estimates for those...
Everi Expands Cashless Gaming Offerings in ecash Holdings Buy
Everi Holdings (NYSE:EVRI) is bolstering its cashless gaming portfolio through the $30.41 million acquisition of ecash Holdings Pty Ltd. ecash Holdings is a privately held, Australia-based developer and provider of cash handling and payment technology for gaming companies in Australia, Asia, Europe...
Horseshoe Brand Coming to St. Louis in Lumière Place Refresh
Caesars Entertainment is bringing the famed Horseshoe brand to St. Louis as it's renaming and refurbishing Lumière Place Casino and Hotel. The Horseshoe brand carries some weight in the casino industry. It has history, too, with the original Binion’s Horseshoe in Las...
