5082 stories by Todd Shriber
Caesars Still Top Gaming Idea as Analyst Lifts Price Target
Broad equity markets tumbled Thursday, and those declines are extending into Friday, taking gaming stocks along for the ride. But analysts remain enthusiastic about Caesars Entertainment (NASDAQ:CZR). During the market bloodbath of the past two days, Caesars stock hasn't been immune. But...
Caesars, VICI Selling Harrah’s Louisiana Downs to Rubico Acquisition for $22 Million
Caesars Entertainment (NASDAQ:CZR) and VICI Properties (NYSE:VICI) are selling the Harrah's Louisiana Downs racino to Rubico Acquisition Corp. for $22 million. The sale is the first asset divestment since the company, formerly known as Eldorado Resorts, finalized its $17.3 billion takeover of...
Resorts World Vegas Faces Dubious Profitability Prospects, Says Analyst
Genting Berhad is unlikely to realize rapid profits at Resorts World Las Vegas when the $4.3 billion integrated resort opens on the Strip next year, according to a brokerage firm. Maybank associate research director Samuel Yin Shao Yang says it's unlikely the...
Flutter Rumored to Be Mulling FOX Bet IPO, Says Research Firm
In the gaming industry rumor of the day, Flutter Entertainment (OTC:PDYPY) may be considering an initial public offering (IPO) for FOX Bet, an online gaming and media partnership with Fox Corp. (NASDAQ:FOXA). Chatter to this effect originated in the newest version of...
Circa Adds Sportsbook to Vegas’ Off-Strip Tuscany Hotel, Rebranding Coming Soon
Circa Sports is expanding beyond the confines of Downtown Las Vegas, entering into a partnership with the off-Strip Tuscany Suites & Casino to rebrand that property's sportsbook. While Tuscany isn't on the Strip and it's not the most well-known hotel in Sin...
MGM M life Rewards, Looking to Lure More Players, Will Match Loyalty Program Tiers
In a bid to gain more players and pilfer some business from rivals along the way, MGM Resorts International's M life Rewards will match guests' tier status from competing customer loyalty programs through the end of this year. The promotion is open...
Scientific Games, Wynn Resorts Add Colorado, Indiana to Sports Betting Partnership
Wynn Resorts and gaming technology provider Scientific Games are bolstering a sport wagering relationship that will see the companies get together in two of the fastest-growing markets for that activity: Colorado and Indiana. The news comes just over a month after Wynn...
Skillz Going Public at $3.5 Billion Valuation in Latest SPAC Gaming Deal
Skillz Inc. -- a provider of mobile games and esports tournaments -- is merging with Flying Eagle Acquisition Corp. (NYSE:FEAC) in a deal setting the stage for the social gaming outfit to become a publicly traded company. The transaction, the latest deal...
DraftKings Rallies as Michael Jordan Becomes Investor, Board Advisor
Shares of DraftKings (NASDAQ:DKNG) rallied early Wednesday on news that Michael Jordan is taking an equity position in the daily fantasy sports (DFS) company and becoming an advisor to the board of directors. A statement issued by the Boston-based sportsbook operator doesn't...
Macau September Numbers Won’t Be Great, But Analyst Advises Sticking with Las Vegas Sands
Gross gaming revenue (GGR) in the casino enclave of Macau slid 94.5 percent in August, marking the fifth consecutive month of declines of at least 90 percent. It's going to take a while for recently loosened travel controls to have a positive...
