4319 stories by Todd Shriber
Light & Wonder Stock Tumbles as Aristocrat Wins ‘Dragon Train’ Injunction
Shares of Light & Wonder (NASDAQ: LNW) plunged Tuesday after the company told investors a court granted rival Aristocrat Technologies a preliminary injunction pertaining to Light & Wonder’s “Dragon Train” series of slot machines. In late trade trading, Light & Wonder is...
Wynn New York Casino Plan Draws More Opposition
Opposition to a plan by Related Cos. and Wynn Resorts to bring a casino hotel to the West Side of Manhattan is mounting, with three community groups joining that fray on Monday. Open Plans, Parks & Trails New York, and Save Chelsea...
Cohen, Hard Rock Unveil Renderings for Queens Casino
Steve Cohen and Hard Rock International recently unveiled renderings of the proposed “Metropolitan Park” project, which includes plans for a casino hotel near Citi Field in Queens, NY. The release of the sketches for Metropolitan Park arrived about five months after the...
Golden Entertainment Cooled by Hot Summer, Analyst Still Bullish
This summer was the hottest on record in southern Nevada, prompting some would-be bettors to stay out of locals' casinos and gaming bars in Las Vegas and Laughlin. As a result, B. Riley analyst David Bain lowered estimates on Golden Entertainment (NASDAQ:...
FDU Study Says Young Men Vulnerable to Online Betting Problems
A new study by Fairleigh Dickinson University (FDU) says the proliferation of online wagering, including sports betting, over the past several years has exacerbated worrisome patterns in certain demographics, including young men. The report by the New Jersey college indicated surveyed men...
Caesars Long-Term Bonds Look Appealing, Says Analyst
The Federal Reserve’s recent interest rate cut coupled with Caesars Entertainment’s (NASDAQ: CZR) ongoing debt reduction efforts are among the reasons the casino operator’s longer-dated bonds could be appealing to income investors. In a new report to clients, GimmeCredit analyst Kim Noland...
Opposition Group Mad About LVS Outsourcing Nassau Coliseum Obligations
A group that’s consistently opposed the idea of a casino hotel on Long Island is decrying Las Vegas Sands’ outsourcing of operational duties for events at Nassau Coliseum -- the site of the company’s proposed integrated resort. The “Say NO to the...
High Roller Technologies Cuts IPO Size by 26%
High Roller Technologies, a Las Vegas-based iGaming operator, trimmed the size of its proposed initial public offering (IPO). In an amended Form S-1 filing with the Securities and Exchange Commission (SEC) released Thursday, High Roller said it’s planning to sell 1.3 million...
Wynn Investors Receive $70M in Securities Fraud Lawsuit
Wynn Resorts (NASDAQ: WYNN) and some former executives of the gaming company agreed to pay investors $70 million for their alleged roles in covering up the sexual misdeeds of founder and former CEO Steve Wynn. The defendants will pay $9.4 million of...
Red Rock Could Be Boosted by Lower Interest Rates, Analyst Says
On Wednesday, the Federal Reserve lowered interest rates by half a percent -- the central bank’s first rate cut in four years -- sparking hope of a prolonged rally for capital-intensive casino operators, including Red Rock Resorts (NASDAQ: RRR). At least one...
