4982 stories by Todd Shriber
Monarch Casinos Could Wear Colorado Crown if Table Limits Are Boosted
On Election Day, Colorado voters will consider a ballot referendum that, if approved, will allow casino operators there to offer expanded table games while removing the $100 per bet limit. The moves could benefit an array of companies, including Monarch Casinos (NASDAQ:MCRI)....
Rumor Mill: Action Network, VSiN Could Be Takeover Targets, Says Research Firm
Sports betting media properties The Action Network and the Vegas Stats and Information Network (VSiN) are potential takeover targets, notes research firm Eilers & Krejcik Gaming (EKG). The California-based gaming research house says Action Network and VSiN “are being evaluated by potential...
Colorado September Sports Betting Handle Jumps 61 Percent, But Taxable Revenue Turns Negative
Buoyed by the return of football, Colorado's sports betting handle surged 61 percent month-over-month in September, ascending to a record $207.65 million. But data released by the Department of Revenue indicates net sports betting product (NSBP), or taxable revenue, was -$3.39 million....
Northern Arapaho Tribe Pushing Ahead with Wyoming Sports Betting Effort
Wyoming's Northern Arapaho Tribe is looking to leverage its status as a sovereign entity. This would allow the tribe to bring sports wagering to the Cowboy State. The Native American group, which runs the Wind River Hotel & Casino in Riverton, says...
Sands Earns ‘Buy’ Rating as Analyst Sees Trough for Rough Macau Estimates
Las Vegas Sands (NYSE:LVS) stock is perking up in the wake of its third-quarter earnings report delivered earlier this week. One analyst believes there's room for more appreciation, as Macau gross gaming revenue (GGR) estimates near a bottom. In a note to...
Caesars, Mohegan Gaming Dealing with Financing Crunch on South Korea Projects
Caesars Entertainment and Mohegan Gaming & Entertainment (MGE) are both grappling with financing issues for integrated resort projects in the Incheon region of South Korea. The coronavirus pandemic is viewed as the culprit behind the problems. Over the course of the health...
Murren SPAC Acies Acquisition Trims IPO Size to $200 Million
Acies Acquisition Corp. is slashing the size of its upcoming initial public offering (IPO) to $200 million from $300 million. Acies is a special purpose acquisition company (SPAC) backed by former MGM Resorts International (NYSE:MGM) CEO Jim Murren. It was revealed last...
Las Vegas Sands Q3 Loss Better than Expected, But Revenue Misses Street Forecasts by $65.84 Million
Las Vegas Sands (NYSE:LVS) posted a third-quarter loss of 74 cents a share, beating Wall Street estimates by five cents. But the operator said revenue was $586 million, missing analysts' projection by $65.84 million. That's an 82 percent year-over-year drop in sales....
Eldorado Effect: Caesars Rewards Membership Jumps 20 Percent Thanks to Merger
Eldorado Resorts' takeover of Caesars Entertainment is having tangible benefits in at least one area. The transaction, sealed in July, created a massive influx of new members to the Caesars Rewards loyalty program. In terms of membership total, the perks plan jumped...
Las Vegas Sands Long-Term Idea with Short-Term Issues, Says Analyst
Las Vegas Sands (NYSE:LVS) remains beholden to a sluggish Macau recovery ahead of its third-quarter earnings report. That is prompting at least one analyst to take a tepid view of the stock. In a note to clients Wednesday, Roth Capital analyst David...
