5136 stories by Todd Shriber
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...
Golden Entertainment Offers Cash Flow, Capital Return Potential, According to Analyst
Quietly one of this year's best-performing gaming equities, Golden Entertainment (NASDAQ:GDEN) is soaring again today. That's after a sell-side analyst issued a bullish report on the Strat owner. In late trading, shares of Golden are higher by four percent on above-average volume....
S&P Cuts Las Vegas Sands Credit Rating to Junk on Lethargic Macau Recovery
Standard & Poor's (S&P) stripped Las Vegas Sands (NYSE:LVS) of its investment-grade credit rating, citing a slow recovery in Macau this year. The ratings agency lowered its grades on LVS and the operator's Sands China unit to “BB+,”or one notch into junk...
DraftKings Promo Spending Likely Eroded Q4 Net Revenue, Says Analyst
Online sportsbook operators are known for spending big to attract customers, and DraftKings (NASDAQ:DKNG) is no exception to that trend. But at least one analyst is concerned about the company's promotional expenditures eating at fourth-quarter net gaming revenue (NGR). In a note...
Wynn Selling Encore Boston Harbor Property Assets to Realty Income for $1.7B
Wynn Resorts (NASDAQ:WYNN) is selling the real estate assets of Encore Boston Harbor to Realty Income (NYSE:O) for $1.7 billion -- the equivalent of a 5.9 percent cap rate. In the latest sale-leaseback deal in the gaming industry, the gaming company will...
DC Lottery Betting App Picks Worst Time to Fail: During Super Bowl
Already ensconced in controversy, Washington, DC Lottery's GambetDC -- the lottery-sponsored sports wagering mobile app -- picked the worst possible time to fail iPhone users: During Sunday's Super Bowl. Bettors using iPhones and iPads weren't able to place wagers on the GambetDC...
Litt’s Land & Buildings Adds Caesars, Dumps Boyd Gaming
Jonathan Litt's Land & Buildings Investment Management, LLC (L&B) tinkered with its gaming industry exposure in the fourth quarter. It added shares of Caesars Entertainment (NASDAQ:CZR) to its portfolio. In the final three months of 2021, L&B bought 130,780 shares of Caesars...
Soros Liquidates Caesars, VICI Stakes, Cooperman Adds to Las Vegas Sands Holdings
Soros Fund Management, the family office of billionaire financier George Soros, departed a pair of gaming equities in the fourth quarter, leaving the investment vehicle with no exposure to the industry. A recently filed Form 13F with the Securities and Exchange Commission...
Paysafe Gains Louisiana, Oregon Market Access
Shares of Paysafe Ltd. (NYSE:PSFE) are rallying Monday. That's after the provider of digital payments services said it's now processing payments for sportsbook operators in Louisiana and Oregon. That new market access for the fintech company comes about because of prior relationships...
