5136 stories by Todd Shriber
ESPN Chairman Pitaro Bullish on Relationship with Penn
Comments come as ESPN Bet faces investor scrutiny Says ESPN feels positive about relationship with Penn ESPN Chairman Jimmy Pitaro is constructive on the network’s relationship with Penn Entertainment (NASDAQ: PENN), but acknowledges the ESPN Bet platform needs to gain more market...
IAC Still Loves MGM, But Mulled Other Gaming Deals
Diller’s company owns 23% of MGM shares IAC has mulled other gaming investments, says analyst Barry Diller’s IAC/InterActiveCorp (NASDAQ: IAC) continues viewing its 23% stake in MGM Resorts International (NYSE: MGM) as a “forever asset,” but the conglomerate has mulled other gaming...
Vora Says Penn Destroyed $11 Billion in Value with Sour OSB Deals
Vora says Penn fumbled online gaming opportunity by focusing on sports betting Vora estimates Penn destroyed $11 billion in shareholder value with bad sports wagering transactions Calls Penn a sports betting “laggard” In its latest salvo aimed at Penn Entertainment (NASDAQ: PENN),...
Light & Wonder Stands Out After Forecasting $2B in 2028 Earnings
Slot machine maker unveiled new forecast at its investor days Still expects $1.4 billion in 2025 adjusted EBITDA On a rough day for the broader market and gaming stocks, Light & Wonder (NASDAQ: LNW) stood out after telling shareholders it expects to...
Cohen’s $8 Billion Queens Casino Plan Gets Nod from Senate Leader
Momentum building for Metropolitan Park plan News arrived a day after Wynn bowed out of NYC casino competition While other contenders are dropping out of the New York City casino fray, an $8 billion proposal to bring a gaming venue to Queens...
Penn Interactive Revenue Could Double by 2029, Says Analyst
Analyst includes some positive remarks on ESPN Bet Says Penn’s interactive sales could double by 2029 Among the most bullish comments to date on Penn’s digital unit Penn Entertainment’s (NASDAQ: PENN) interactive segment, which includes the flailing ESPN Bet online sportsbook, has...
With Wynn Out, Spano Says NY Should Approve MGM, Genting Casinos
Comments made a day after Wynn scrapped New York casino bid Spano says Empire City, Resorts World New York are “shovel ready” Says regulators can award third license in the future With Wynn Resorts joining a growing list of departees from the...
MGM, Wynn Held Talks with Officials on Thailand Casinos
Deputy Finance Minister Amornvivat confirms talks with US casino giants Says discussions with two other gaming companies are on deck Reading of gaming bill in parliament scheduled for July 9 A high-ranking Thai official confirmed recent discussions with MGM Resorts International and...
Vora Says Penn Plan to Refresh Board Lacks Accountability
Hedge fund calls plan to possibly add a director after annual meeting “an assault” on investor rights Claims Penn is manipulating board electoral process HG Vora, the activist investor that’s waging a proxy fight against Penn Entertainment (NASDAQ: PENN), called the possibility...
Wynn Drops New York Casino Bid, Cites ‘Persistent Opposition’
Company says recent rezoning process highlights more effective uses of capital Mentions lingering opposition despite pledge to create 5,000 jobs The New York City casino competition is chewing up bidders and spitting them out with Wynn Resorts (NASDAQ: WYNN) becoming the latest...
