5081 stories by Todd Shriber
BetMGM Off to ‘Encouraging’ 2025 Start, Reiterates Positive EBITDA Forecast
iGaming, sportsbook revenue surge in first quarter Operator reiterates forecast of EBITDA positive for 2025 BetMGM said Monday that first-quarter revenue surged 34%, with the operator reiterating the view that it will be positive on the basis of earnings before, interest, taxes,...
US Ops Could Be Forced Out of Macau, Though Unlikely, Says Fitch
US-based Macau casino operators could be forced to sell assets or not renew licenses, says Fitch Ratings agency acknowledges those scenarios aren’t likely even as US/China trade war intensifies The three US-based Macau concessionaries could face dire, though unlikely outcomes in the...
Penn Bends Knee to Vora, Nominates Hedge Fund Picks to Board
Casino operator will nominate Hartnett, Ruisanchez to board Hedge fund previously bashed gaming company’s online betting missteps, board composition Penn Entertainment (NASDAQ: PENN) is acquiescing to HG Vora, telling investors Friday it will nominate two of the hedge fund’s candidates to its...
Sands in Talks With Another Company on Long Island Casino Plan
Company pulled plug on New York casino ambitions earlier this week Third party currently unidentified, but announcement could be imminent Las Vegas Sands could soon make an announcement on an unidentified company possibly taking over its Nassau County, NY casino bid. When...
Genius Sports, NCAA Add to, Extend Relationship Through 2032
Data provider, NCAA extend partnership through 2032 Genius will be exclusive data provider for all NCAA post-season tournaments Genius Sports and the NCAA said today they’re expanding and extending their relationship through 2032. Financial terms of the agreement weren’t disclosed. In addition...
Golden Could Be More Seller Than Buyer, Says Analyst
Analyst speculates Strat operator could eventually sell itself Says Golden could be appealing target for multiple suitors Acknowledging that it’s just speculation, an analyst said Golden Entertainment (NASDAQ: GDEN) could eventually consider selling itself. In a new report, Texas Capital Securities analyst...
F1 Climbing Ranks of US Sports Betting, Says YouGov
There’s still work to be done, but F1 is increasingly popular among US bettors F1 betting audience skews younger, draws more women In the US, sports wagering handle is largely dominated by the big three of football, basketball, and baseball with all...
Churchill Pauses Multiyear Spending Plan, Citing Tariff Risks
Company halts multiyear expansion plan at Kentucky racetrack Cites tariffs, macroeconomic conditions as reasons for pause Shares of Churchill Downs (NASDAQ: CHDN) plunged Thursday after the gaming company told investors that it’s pausing a previously announced capital spending plan at its namesake...
Bally’s Updates Chicago IPO Prospectus, Warns of Legal Costs
Bally’s says Chicago IPO legal challenges could result in “substantial costs” No mention of allowing white men to participate Bally’s (NYSE: BALY.T) updated the prospectus for its controversial Chicago casino initial public offering (IPO), telling prospective investors it could face significant legal...
Sands Abandons NYC Casino Plan Citing iGaming Risks
Sands believes online betting could dilute land-based opportunity set in New York Company is seeking third party to take over its bid Las Vegas Sands (NYSE: LVS) may have shaken the gaming industry and New York City’s casino ambitions today when it...
