4982 stories by Todd Shriber
Resorts World Las Vegas Ramp Up Could Take Until 2024, Says Research Firm
Resorts World Las Vegas opens in just a few weeks. But it's going to take some time for the $4.3 billion integrated resort to fully ramp up and turn a profit. The first Nevada venue of Malaysian gaming consortium and industrial conglomerate...
FanDuel, DraftKings Lead Ad Spending Surge Among Online Sportsbooks
FanDuel and DraftKings accounted for a significant percentage of the $154 million spent in the first quarter by online sportsbook operators on local television advertising. The two largest mobile sportsbook companies by market share combined for $101 million in local TV ad...
Entain Mulling Run at William Hill International Business
Entain Plc (OTC:GMVHY) is considering joining the fray of bidders for William Hill's non-US assets, including the sportsbook operator's famed UK betting shops. Caesars Entertainment (NASDAQ:CZR) recently completed its $3.69 billion acquisition of William Hill. But when that deal was announced last...
Full House Stock Hits Record as Fund Manager Reveals Holdings in Casino Name
Full House Resorts (NASDAQ:FLL) stock hit an all-time high earlier today, and is one of the day's best-performing gaming equities. That's after an investment company said it added shares of regional casino operator to a pair of its funds. In midday trading,...
Macau Back to Pre-Pandemic Highs in 2024, Diversity Further Out, Says Moody’s
Macau's gaming-dependent economy should be back to pre-coronavirus pandemic heights by 2024. But diversification efforts remain longer-ranging, according to Moody's Investors Service. In a new report, the research firm notes that while the special administrative region's (SAR) economy “has been the worst...
Litt’s Land & Buildings Adds Boyd Gaming, MGM Growth Properties to Portfolio
Land & Buildings Investment Management, LLC (L&B) was busy with casino equities in the first quarter, adding new positions in Boyd Gaming (NYSE:BYD) and MGM Growth Properties (NYSE:MGP). Jonathan Litt's firm is considered an activist investor with a knack for focusing on...
Amazon, MGM Studios Rumor Creates Confusion, Leads to Pop in MGM Resorts Stock
Amazon (NASDAQ:AMZN) is rumored to be in talks to acquire MGM -- the movie studio, not the gaming company. But confusion over nearly similar company names sent MGM Resorts International (NYSE:MGM) stock soaring late Monday. As the chart below indicates, bewildered traders...
Sony Wants to Patent PlayStation Esports Betting Platform Using Real Money, Bitcoin
Sony Interactive Entertainment recently published a patent that, if approved, could pave the way for PlayStation users to wager on esports and make their bets in bitcoin. The application, tilted “E-Sports Betting Platform,” was filed last week and doesn't directly mention PlayStation....
Galaxy Entertainment Withdraws from Yokohama Casino Competition
Yokohama's ambitions of being one of the first three Japanese cities to host an integrated resort suffered another blow Monday when Galaxy Entertainment Group said it's pulling out of the competition. That's more a commentary on the city than the country because...
Churchill Downs, DraftKings Could Win in Russell Rebalancing
Churchill Downs (NASDAQ:CHDN) and DraftKings (NASDAQ:DKNG) are among the stocks that could be affected by the annual rebalancing of FTSE Russell equity indexes. In a recent call with clients, Jefferies highlighted seven consumer discretionary names, including the pair of gaming equities, that...
