5359 stories by Todd Shriber
Boyd Gaming Guidance Fair, but Analyst Sees Positive Boxes Checked, Upside Catalysts
Boyd Gaming (NYSE:BYD) delivered fourth-quarter earnings Thursday afternoon while offering up 2020 earnings before interest, taxes, depreciation, amortization, and restructuring or rent costs (EBITDAR) guidance of $915 million to $935 million. That forecast was in line with what Wall Street was expecting...
Eldorado Rumored to be Mulling Sales of Caesars Colosseum, Conference Center for Post-Deal Cash
Eldorado Resorts, Inc. (NASDAQ:ERI) is on a quest to raise cash and trim expenses leading up to and following the completion of its $17.3 billion takeover of Caesars Entertainment Corp. (NASDAQ:CZR). It's an effort that could reportedly include selling some prime assets...
DraftKings Unveils Triple-Double Bets, LeBron James, Luka Doncic Top Board
DraftKings is now offering proposition bets on what player will lead the NBA this year in triple-doubles – the statistical anomaly most often accrued via double digital totals per game in assists, points, and rebounds. The association resumes play tonight following the...
Full House Resorts Stock Rally as Asset Manager Takes Big Stake
Somewhat quietly, shares of Full House Resorts, Inc. (NASDAQ:FLL) are in rally mode, and the catalyst appears to be news that an asset manager took a 7.3 percent stake in the regional gaming company. Entering Thursday, Las Vegas-based Full House was up...
MGM Resorts Hit in 2019 Data Breach, Hackers Shared Info of 10.6 Million Guests on Dark Web
MGM Resorts International (MGM) was the target of a large-scale technology infiltration last year, one that resulted in the personal data of more than 10.6 million guests being shared on the dark web. ZDNet broke the story earlier today, reporting that it...
Macau Casinos ‘Soft’ Reopening Will Include Slew of Health and Safety Precautions
At midnight China Standard Time (CST) Thursday, Macau's gaming properties will reopen following a 15-day layoff because of the COVID-19 outbreak. But it won't be business as usual in the world's largest casino center. On Tuesday, the Gaming Inspection and Coordination Bureau...
Kansas Gives Sports Betting Another Chance as Bill Emerges From Senate Committee
The Kansas Senate Federal and State Affairs Committee passed a sports wagering bill Monday. But the Sunflower State still has a long way to go before joining the 20 others and Washington, DC that have signed-off on sports betting. The legislation passed...
1060 Capital Ups Sports Betting Equity Exposure, Including DraftKings, but Pares Churchill Downs, Penn National Positions
1060 Capital Management, a hedge fund with a track record of investing in gaming stocks, initiated positions in some sports betting equities in the fourth quarter. At the same time, they were reducing exposure to a pair of companies with significant sports...
J.P. Morgan Sees Macau February GGR Down 80 Percent Even with Casinos Reopening This Week
Macau gross gaming revenue (GGR) is likely to plunge 80 percent this month even though casinos there are expected to reopen on Thursday, according to J.P. Morgan analysts. That estimate is toward the lower end of various negative forecasts that have emerged...
MGM Resorts Last Competitor Standing in Osaka Integrated Resort Competition
It was once a three-horse race to build an integrated resort in Osaka. But now, MGM Resorts International and local partner Orix are the last competitors standing. Last week, reports circulated confirming what many already knew – that MGM was viewed as...
