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Todd Shriber
5664 stories by Todd Shriber
Caesars Is NFL’s First Casino Sponsor, DraftKings Named Sports Betting Partner
The NFL is pushing further into the betting world, announcing today that Caesars Entertainment (NASDAQ:CZR) is the league's first casino sponsor. The league also brought DraftKings (NASDAQ:DKNG) aboard as its official sportsbook partner. Once hands-off...
Vornado Realty Wants in on New York City Casino Development
Vornado Realty Trust (NYSE:VNO), one of the largest US commercial real estate developers, believes Manhattan is the logical choice for a new casino in the New York City area, and it wants in on the...
MGM/Entain Merger Speculation to Continue Lingering, Says Analyst
It's been more than three months since MGM Resorts International (NYSE:MGM) attempted to acquire Entain Plc (OTC:GMVHY), its partner on the BetMGM business. At least one analyst believes speculation on this matter won't die down...
Penn National Gaming Online Ebullience Priced Into Stock, Says Analyst
Penn National Gaming (NASDAQ:PENN) is one of the best-performing gaming equities over the past year. It's a status largely attributable to market participants' expectations for internet casinos and online sports betting. At least one analyst...
Macau First-Quarter EBITDA Lumpy Disappointment, Say Analysts
Underscoring an uneven recovery in the world's largest gaming center, Morgan Stanley estimates first-quarter earnings before interest, taxation, depreciation and amortization (EBITDA) for Macau concessionaires slumped, while gross gaming revenue (GGR) increased. US investors will...
Las Vegas-Related: Bernstein Says Convention Biz Won’t Hit Pre-Pandemic Levels Until 2023
Convention and meeting business is integral to Las Vegas's hopes of rebounding from the coronavirus pandemic. But some analysts believe that effort is going to take time. In a new research report titled “The Future...
DraftKings Stock Haircut Could Give Way to Buying Opportunity
DraftKings (NASDAQ:DKNG) stock is in a tailspin. It's down more than eight percent today, extending a 23 percent slide from its March highs. Some market observers believe that retrenchment is making shares of the sportsbook...
Bally’s Expanding Content Offerings on Sinclair Sports Networks
Bally’s Corp. (NYSE:BALY) is broadening its partnership with Sinclair Broadcast Group to include new, original content. It's a move that could eventually include the gaming company working with the media outfit's Sinclair's Tennis Channel and...
Scientific Games Ratings Outlook Lifted as Moody’s Sees Strong COVID-19 Rebound
Gaming equipment manufacturer Scientific Games (NASDAQ:SGMS) saw its credit rating outlook boosted to “stable” from “negative” by Moody's Investors Service. The research firm points to a strong post-coronavirus recovery for the slots maker. Las Vegas-based...
MGM CEO Hornbuckle Says Las Vegas Is Back, Eyes Foothold in New York Sports Betting
MGM Resorts International (NYSE:MGM) CEO Bill Hornbuckle says the Las Vegas recovery trajectory is solid, and the gaming company is taking steps to rejuvenate vital convention business that suffered at the hands of the coronavirus...
