5079 stories by Todd Shriber
MGM, Wynn Held Talks with Officials on Thailand Casinos
Deputy Finance Minister Amornvivat confirms talks with US casino giants Says discussions with two other gaming companies are on deck Reading of gaming bill in parliament scheduled for July 9 A high-ranking Thai official confirmed recent discussions with MGM Resorts International and...
Vora Says Penn Plan to Refresh Board Lacks Accountability
Hedge fund calls plan to possibly add a director after annual meeting “an assault” on investor rights Claims Penn is manipulating board electoral process HG Vora, the activist investor that’s waging a proxy fight against Penn Entertainment (NASDAQ: PENN), called the possibility...
Wynn Drops New York Casino Bid, Cites ‘Persistent Opposition’
Company says recent rezoning process highlights more effective uses of capital Mentions lingering opposition despite pledge to create 5,000 jobs The New York City casino competition is chewing up bidders and spitting them out with Wynn Resorts (NASDAQ: WYNN) becoming the latest...
IGT Stock Dips After Company Pays $2.6 Billion to Renew Italian Lottery Deal
There’s some talk that IGT overpaid to renew an important contract Analysts say overhang on stock has been removed In premarket trading, the stock appeared poised for a Monday rally on news that it renewed its Italian lottery contract, but International Game...
DraftKings Top-Rated Sports Betting App, Caesars Rising
DraftKings takes top spot among OSB apps, according to research firm Caesars, Fanatics making strides, too DraftKings was again the highest-rated online sports betting (OSB) mobile application in a survey conducted by Eilers & Krejcik Gaming (EKG). The research firm recently released...
Eminence Capital Feasts on Sports Betting Stocks, Dumps MGM
Hedge fund was already a large investor in Entain Sandler’s firm starts new Flutter position, adds to DraftKings stake in Q1 Despite already being a large shareholder of Entain Plc (OTC: GMVHF), which owns half of BetMGM, Ricky Sandler’s Eminence Capital boosted...
Einhorn Lifts Penn Entertainment Stake Amid Board Controversy
DME Capital lifted stake in Penn in first quarter Increased Penn position as another hedge fund ramped up attacks on board, CEO In the first quarter, David Einhorn's DME Capital Management increased its investment in Penn Entertainment (NASDAQ: PENN) as another hedge...
Penn Claps Back at Vora, Says Investor Violated State Gaming Laws
Penn board says HG Vora demanded massive buyback, pause on improvements at some regional casinos Board says hedge fund wanted strategic review of entire company Claims investor violated state gaming and federal securities laws In a wide-ranging letter to investors today, Penn...
US-Based Macau Operators Not in Crosshairs, Says Chief Executive
Macau Chief Executive Sam says US-based concessionaires won’t be targets of retaliation Comments come as the US and China make progress on trade The three US-based Macau concessionaires won't be targets of retaliation should US/China trade tensions flare up, according to the...
DraftKings Faces Microbetting Patent Infringement Suit
Suit brought by Micro-Gaming Ventures Plaintiff says DraftKings’ 2024 acquisition of Simplebet highlights importance of microbetting technology DraftKings is facing a patent lawsuit brought by a sports betting technology company that claims the sportsbook operator infringed upon five patents the plaintiff developed...
