5082 stories by Todd Shriber
Penn National Hits Record, But Portnoy Jokes $78 Isn’t Enough. He Wants $7.8 Million Share Price
Shares of Penn National Gaming (NASDAQ:PENN) jumped 8.87 percent Tuesday, as the regional gaming stock touched all-time highs, a move that sparked a boisterous social media video from Barstool Sports founder David Portnoy. In his own words, Portnoy owns “a ton of...
Boyd Gaming Buys Abandoned Mall Land Advancing Wilton Rancheria Sacramento Casino Project
A unit of Boyd Gaming now owns 64 acres of land in Elk Grove, Calif. that will eventually be the site of Wilton Rancheria's first tribal gaming property. Boyd Elk Grove LLC acquired the so-called “ghost mall” land from Texas-based real estate...
DraftKings Slumps After Analyst Issues Rare Lukewarm Rating on Stock
Shares of DraftKings (NASDAQ:DKNG) are lower by 2.50 percent in late trading. The rare tepid rating on the stock is the cause behind the Monday slump. JPMorgan analyst Daniel Politzer initiated coverage of the daily fantasy sports (DFS) company today with a...
Osaka Integrated Resort Request for Proposal Plan Starting Anew in January
Osaka, Japan's third-largest city, will restart its request for proposal (RFP) outreach for integrated resort operators in January after delaying the process in June because of the coronavirus pandemic. Clarity is finally merging on the city's plans to work with private sector...
Steve Wynn Throws $5 Million at Georgia Senate Contests
Steve Wynn, the exiled former boss of the gaming company bearing his name, is spending big to help Republicans retain a slim majority in the Senate. Wynn dropped $5 million on the two upcoming runoff races in Georgia. The Jan. 5 contests...
IGT Selling Italian Gaming Device, Sports Betting Units to Apollo Unit for $1.15 Billion
International Game Technology (NYSE:IGT) is selling its Italian digital gaming, gaming machine, and sports wagering operations to Gamenet Group S.p.A for $1.15 billion. Gamenet is a group of affiliated funds run by private equity giant Apollo Global Management. Selling the businesses known...
FanDuel Spin-Off Talk Gains Steam Following Flutter Buyout of Fastball Stake
Last week, Flutter Entertainment Plc (OTC:PDYPY) said it's paying $4.175 billion to buyout Fastball's 37.2 percent interest in FanDuel. That boosts the Irish gaming company's stake in the daily fantasy sports giant to 95 percent. The move is stoking chatter of a...
Las Vegas Sands Remains Preferred Idea for Macau Recovery
Macau visitation trends are perking up and data confirms gross gaming revenue (GGR) is improving following a lengthy, coronavirus-induced slide for much of this year. That's prompting some analysts to reiterate bullish views on Las Vegas Sands (NYSE:LVS). Shares of the largest...
Flutter US Growth Plans Won’t Hinder Credit Rating
Flutter Entertainment Plc (OTC:PDYPY) made waves in the sports betting universe on Dec. 3, saying it's paying $4.175 billion to Fastball Holdings LLC to purchase 37.2 percent of FanDuel. It's a move that ups the Irish company's stake in the US sportsbook...
California Card Rooms Notch Legal Victory as Ninth Circuit Court Rejects Tribes Injunction Bid
On Thursday, the US Court for the Ninth Circuit ruled that California tribal gaming companies cannot force their card room rivals to cease offering table games, such as blackjack. In an unpublished opinion, District Judge John Menendez balked at the efforts of...
