5215 stories by Todd Shriber
Maverick Challenging Washington Sports Betting Tribal Rule, Hires PAPSA Lawyer Olson
Maverick Gaming filed suit in the United States District Court for the District of Columbia on Tuesday. It is aiming to challenge what it claims is a sports betting monopoly held by tribal casino operators in Washington State. The card room operator...
Peter Luger, Famed New York Steak House, Coming to Caesars Palace
Peter Luger -- one of the names most synonymous with the New York steak house experience -- is coming to the Las Vegas Strip and will open in Caesars Palace at the end of this year. The combination of casinos and steak...
Las Vegas Sands Stock Finally Gets Some Love as JPMorgan Raises Ratings
Las Vegas Sands (NYSE:LVS) is in rally mode Tuesday, after drawing some support from a widely followed gaming analyst. In midday trading, the downtrodden casino name is higher by seven percent, on volume that already topped the daily average, after JPMorgan's Joseph...
Everi Boosting Game Content Portfolio in Atlas Gaming Deal
Gaming device manufacturer Everi Holdings (NYSE:EVRI) is ramping up its content library, announcing today it's purchasing certain assets from Australia-based Atlas Gaming. Atlas is a producer and provider of proprietary gaming content and products. Las Vegas-based Everi is acquiring select development technology...
Bank of America Likes Boyd, Churchill Downs, Sours on Red Rock, Sands
In a sweeping commentary on casino stocks today, Bank of America analyst Bank of America analyst Shaun Kelley recommends focusing on quality and value opportunities in the space. In a note to clients, Kelley highlights at least seven gaming names, speaking bullishly...
Caesars Primed to Be New York Sports Betting Leader, Says Analyst
Mobile sports wagering finally launched in New York on Saturday, and analysts are already identifying winners, with one singling out Caesars Entertainment (NASDAQ:CZR). After a long wait, mobile sports betting commenced in the fourth-largest state on Saturday, Jan. 8, and the debut...
Take-Two Interactive Scoops Up ‘FarmVille’ Maker Zynga for $12.7B
Video game producer Take-Two Interactive (NASDAQ:TTWO) is acquiring mobile games maker Zynga Inc. (NASDAQ:ZNGA) in a transaction carrying an enterprise value of $12.7 billion. The cash and equity deal values the “FarmVille” producer at $9.86 a share -- a more than 64...
Caesars, Wynn Among Stifel Top 2022 Gaming Equity Ideas
Amid the spread of the omicron variant of the coronavirus and a disappointing December jobs report, travel and leisure stocks slumped last week. That underscored the point that investors must be selective in the space this year. Along those lines, Stifel analyst...
International Game Technology to Develop WWE Lottery Games
It's a lottery royal rumble, as International Game Technology (NYSE:IGT) is teaming up with the WWE (NYSE:WWE) to launch wrestling-themed lottery games. The lottery operator and slot machine manufacturer said it signed a multi-year licensing agreement with the WWE to develop and...
New York Sports Wagering Negative Catalyst for DraftKings, Says Analyst
One of this week's biggest stories in the gaming industry is that mobile sports wagering is going live in New York on Saturday, Jan. 8. But at least one analyst says that for operators, the news isn't all it's cracked up to...
