5081 stories by Todd Shriber
Sands Nearly Doubles Size of Buyback Plan to $2 Billion
Casino operator lifts repurchase program to $2 billion from $1.1 billion Announcement made in conjunction with first-quarter earnings report Las Vegas Sands (NYSE: LVS) delivered first-quarter results after the close of US markets today with Macau casino giant also telling investors its...
Caesars, MGM PTs Lowered as Tariff Uncertainty Plagues Casino Stocks
Tariff volatility is pressuring casino stocks, including Las Vegas-focused operators Caesars, MGM pricing in dour consumer outcomes, says analyst Casino stocks have been drubbed this year as tariff-induced volatility has plagued the gaming complex as well as the broader market. Las Vegas-focused...
Colorado Bill Would Eliminate Tax Breaks on Free Sports Bets
Bill aims to close loophole allowing for free bets to be deducted from taxes If approved, it would direct more revenue to the state’s water cash fund In an effort to bolster the state’s water fund, Colorado lawmakers proposed a bill that...
After Ides of March, DraftKings, Flutter Q1 Results Could Disappoint
March extends rough stretch for sportsbook operators First quarter could be seventh straight in which industry hold disappoints The house doesn’t always win, and it’s likely first-quarter earnings from sportsbook giants DraftKings (NASDAQ: DKNG) and Flutter Entertainment (NYSE: FLUT) will reflect as...
Sportradar Slips After Issuing Initial Q1 Guidance
Stock gives back some of Tuesday rally Company forecasts Q1 revenue of €307 million to €311 million Shares of Sportradar (NASDAQ: SRAD) tumbled in Tuesday’s after-hours session, giving back some of the gains notched during normal trading hours after the company released...
Bally’s Saves J. Lo’s High School with Bronx Land Buy
Bally’s paying $10 million and will lease buildings back to school for $1 per year Deal not related to Bronx casino ambitions Jennifer Lopez is famous alum of the Catholic school Bally’s is paying $10 million to acquire the buildings of a...
US Macau Concessionaries Not at High Risk of Revenge Tariffs
The three US-based Macau operators are unlikely to face retaliatory tariffs Data suggest bettors aren’t staying away from casinos run by those companies The three US-based Macau casino operators are among the companies caught in the crossfire of another US/China trade war,...
Elaine Wynn’s Death Sparks Question About Her Stock
She was the second-largest individual shareholder in Wynn Resorts No clarity as of yet regarding what becomes of her stake in the company Wynn Resorts (NASDAQ: WYNN) co-founder Elaine Wynn passed away last week at the age of 82 and her death...
Genius Sports Lands ‘Buy’ Rating in New Deutsche Bank Coverage
Stock is a play on “macro uncertainty” facing gaming industry Price target implies upside of about 20% Though it’s following other gaming equities lower on another rough day for stocks, Genius Sports (NYSE: GENI) landed a “buy” rating in new coverage by...
Ramos Says Queens Casino Could Win Without Her Help
State senator has opposed parkland alienation legislation Admits Metropolitan Park could come to life despite her objections She’s a New York City mayoral candidate State Sen. Jessica Ramos (D-Queens), the New York politician that’s long objected to a proposed casino hotel in...
