5460 stories by Todd Shriber
Twin River Planning Layoffs of More Than 1,300 Rhode Island Workers
Twin River Worldwide Holdings (TRWH) is poised to lay off more than 1,300 employees at its two Rhode Island casinos. It joins a growing list of gaming companies operating with significantly reduced headcount amid the coronavirus pandemic. The affected staff are currently...
Vegas Dave, Controversial Handicapper, Wins Big on Mike Trout Baseball Card
Dave Oancea, the oft-derided sports handicapper, bet big and won on a baseball card. To be specific, the heavily criticized quasi-celebrity sports bettor sold a rare Mike Trout rookie card for $3.93 million after purchasing it for $400,000 in 2018. After fetching...
Fox Corp. Soars After Analyst Says Sports Betting Exposure Is Under-Appreciated
Shares of broadcaster Fox Corp. (NASDAQ:FOXA) surged Monday after MoffettNathanson analyst Michael Nathanson said financial markets are overlooking the company's increasing exposure to the burgeoning US sports betting industry. Nathanson reiterated a “buy” rating on the name while lifting his price target...
Asian American Entertainment $12 Billion Suit Against Las Vegas Sands Delayed Again
The Macau Judicial Court granted a motion filed by Las Vegas Sands (LVS) seeking to reschedule the trial date for Asian American Entertainment Corp.'s (AAEC) $12 billion suit against the US-based gaming giant. Citing “travel disruptions and other extraordinary circumstances” stemming from...
Wynn Resorts Doling out $14.5 Million in Stock to Retain Execs, Other High-Level Employees
Wynn Resorts (NASDAQ:WYNN) said the compensation committee of its board of directors signed off on issuing 176,247 shares of stock to retain 240 employees, including named executives through the end of this year and well into 2021. The Encore operator revealed the...
Melco Resorts Still Keen on Japan IR Project Even as Rivals Bail
Melco Resorts & Entertainment (NASDAQ:MLCO) CEO Lawrence Ho reiterated his company's commitment to Japan on the operator's second-quarter earnings conference call Thursday. It's an affirmation that comes after some rivals ditched the Land of the Rising Sun. Ho's comments were made on...
Esports Entertainment Group Launches Higher on Twin River New Jersey Deal
Esports Entertainment Group, Inc. (NASDAQ:GMBL), a tiny online gaming and sports betting company vaulted higher Thursday after it entered into a multi-year agreement with Twin River Worldwide Holdings (NYSE:TRWH) to be that operator's sports wagering partner in New Jersey. Up more than...
IAC Chairman Barry Diller, CEO Joey Levin Join MGM Board of Directors
IAC/InterActiveCorp (NASDAQ:IAC) Chairman Barry Diller and CEO Joey Levin are taking two seats on the MGM board of directors, expanding that lineup from 12 to 14. The appointment stems from a $1 billion investment in MGM Resorts International (NYSE:MGM) announced on Aug....
GAN Reveals Penn Interactive as New Client, Stock Soars Again
GAN Ltd. (NASDAQ:GAN), the maker of cloud computing software for the gaming industry, is soaring again Thursday after the British company said Penn National Gaming's (NASDAQ:PENN) Penn Interactive unit is a new client. Penn's mychoice social casino app will be powered by...
IGT Gets Boyd Bounce on Enhanced Sportsbook Deal with Gaming Company
International Game Technology (NYSE:IGT) rallied in Wednesday's after-hours trading session on news of an expanded sportsbook relationship with Boyd Gaming (NYSE:BYD). Shares of the UK-based gaming technology company were up more than four percent at one point during the after-market session before...
