4173 stories by Todd Shriber
Sands Long Island Casino Bid Bolstered by Lease Agreement Vote
Las Vegas Sands’ Long Island, NY casino hopes were boosted Thursday as the Nassau County Planning Commission agreed to move forward the gaming company’s lease agreement on Nassau Coliseum. The commission signed off on a 42-year agreement that allows Sands to maintain...
MGM, Caesars Supported by Strip Resilience, Penn Takeover a Stretch, Says Analyst
Las Vega Strip trends remain sturdy and that’s good news for MGM Resorts International (NYSE: MGM) and Caesars Entertainment (NASDAQ: CZR). Looking elsewhere in the gaming industry, a near-term takeover of Penn Entertainment (NASDAQ: PENN) appears unlikely. Those are the takes of...
Monarch Casino Leading Way in Fast-Growing Colorado Gaming Market
Monarch Casino & Resort’s (NASDAQ: MCRI) eponymous gaming venue in Black Hawk, Colo. has established itself as the leader in that rapidly growing regional casino market. Jefferies analyst David Katz said as much in a recent note to clients, observing that Monarch...
Penn Entertainment Planning Layoffs at Digital Unit
Penn Entertainment (NASDAQ: PENN) is planning layoffs at its Penn Interactive arm, which includes the ESPN Bet online sports wagering unit. The number of jobs to be eliminated wasn't announced, and the news was originally reported Wednesday by Legal Sports Report. News...
DraftKings, Genius Sports Top Picks as Online Betting Booms
DraftKings (NASDAQ: DKNG) and Genius Sports (NYSE: GENI) are top gaming equity ideas at Macquarie, with the research firm forecasting significant second-quarter growth in iGaming and online sports betting (OSB) revenue. In a note to clients on Wednesday, analyst Chad Beynon forecast...
Las Vegas Sands Stock Reacts to Shorter Trump Victory Odds
Shares of Las Vegas Sands (NYSE: LVS) have traded lower since the start of July -- a period including favorable polling data for former President Trump. That could signal concern among market participants that should Trump reclaim the White House, the hard...
FanDuel Temporarily Goes Dark in DC as Bowser Has Yet to Sign Budget
Washington, DC is currently without mobile sports wagering because Mayor Muriel Bowser (D) has yet to sign the fiscal 2025 budget. It was believed Bowser would sign the new budget into law on Monday, ushering in a new era of mobile sports...
Accel Entertainment Buys Fairmont Holdings for $35M in Stock
Accel Entertainment (NYSE: ACEL) announced the acquisition of Fairmont Holdings for $35 million in equity, adding a horse racetrack to the video gaming terminal (VGT) firm’s portfolio of assets. Privately held Fairmont owns FanDuel Sportsbook & Horse Racing in Collinsville, Ill. The...
Mazaii to Be Acquired by Las Vegas SPAC in $500 Million Deal
Mazaii, a Canadian provider of iGaming games and solutions, will be acquired by blank-check firm Relativity Acquisition Corp. (NASDAQ: RACY) in a deal valuing the target at an initial enterprise value of $500 million. The deal signals there's still a strong appetite...
Crypto Casino Founder Kim Admits to Losing Investor Cash on Sour Bitcoin Bets
Richard Kim, the founder of cryptocurrency casino ZeroEdge, admitted to losing $3.67 million in investor capital on leveraged bitcoin trades that went awry. Kim resigned from the startup gaming entity earlier this month. In an extensive Substack post, he admitted to misdeeds...
