4982 stories by Todd Shriber
IGT Top Pick In Gaming Supplier Stocks, Analyst Sets Q2 Earnings Beats
Gaming supplier stocks are outperforming shares of casino operators and the broader market this year, with International Game Technology (NYSE:IGT) among the names earning praise from analysts. In a note out Wednesday, Macquarie analyst Chad Beynon raised estimates on IGT and several...
AIG Asks Ninth Circuit to Uphold Ruling On Circus Circus COVID-19 Claims
AIG Specialty Insurance Co. is asking the Ninth Circuit Court of Appeals to uphold a US district court's ruling. The lower court ruled that the carrier isn't on the hook to pay coronavirus-related damages to Circus Circus LV LP, operator of the...
Macau Gaming Revenue Trending Higher to Start July
Following a dismal showing in June, gross gaming revenue (GGR) in Macau is off to a strong start in July, according to analysts. In a note out Monday, research firm Bernstein said GGR in the world's largest casino center jumped 16 percent...
Genting Among Biggest Spenders on New York Lobbying in 2020
As part of its efforts to expand casino gaming closer to New York City, a unit of Genting Malaysia was among New York's biggest spenders on political lobbying. Last year, Genting New York spent $1.22 million on lobbyists, the sixth-highest tally among...
CityCenter Transaction Credit Negative for MGM Due to Lease Obligations, Says Moody’s
Purchasing the 50 percent of CityCenter it didn't previously own and selling the real estate of Aria and Vdara casino resorts carries negative credit implications for MGM Resorts International (NYSE:MGM). That's the view of Moody's Investors Service, which says in a recent...
Gambling.com Prices IPO, Expects to Raise $63M
Internet betting portal Gambling.com updated the terms of its initial public offering (IPO), noting it will sell 5.25 million shares at $11 to $13 apiece. At the midpoint of that range, the company will have raised $63 million. The firm will list...
Las Vegas Sands Going Digital with New Investment Arm
Las Vegas Sands (NYSE:LVS) is making a long awaited foray into digital gaming, announcing today it's creating an investment arm dedicated to that effort. The unit will be led by Davis Catlin, who joins the gaming giant from Sands Capital Management. That...
Flutter Rumored to Postpone FanDuel Spinoff Until 2022
Flutter Entertainment (OTC:PDYPY) will reportedly delay the highly anticipated spinoff of its FanDuel business until next year. Earlier this year, the Betfair parent confirmed it's mulling a public listing of FanDuel, as investors pressed the UK-based gaming company to unlock shareholder value....
GAN Stock Still Catalyst-Rich Story After Company Lifts Estimates
Shares of GAN Ltd. (NASDAQ:GAN) surged on Thursday after the company lifted its earnings before interest, taxes, depreciation and amortization (EBITDA) and revenue guidance for the second quarter and its full-year top line outlook. But one analyst believes there's still catalysts available....
FanDuel Close to Dominant Share, Controls 50 Percent of US Sports Betting
FanDuel controls the largest percentage of US online sports wagering market. But recent data points suggest that the operator's share is growing, and could be as high as half the fastest-growing internet sports betting market in the world. In a recent report,...
