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Todd Shriber
5655 stories by Todd Shriber
Nevada Sportsbooks Super Bowl Handle Jumps to $154.7 Million, 12.1 Percent Hold Is Second-Best Ever
The Kansas City Chiefs hoisted the Lombardi Trophy as winners of Super Bowl 54. But Sunday was a great day for Nevada sportsbooks, too. Silver State books notched a Super Bowl handle of $154.67 million,...
Macau Affected by Coronavirus, Wynn Resorts Credit Rating Could be Infected as a Result
Wynn Resorts (NASDAQ:WYNN) depends on Macau for significant portions of its revenue and earnings before interest, taxes, depreciation and amortization (EBITDA), making the operator vulnerable to declines in visits to the peninsula. At least one...
Macau Shutters Casinos For Two Weeks as Coronavirus Case Count Reaches Ten
Macau Chief Executive Ho Iat Seng said Tuesday the Special Administrative Region's (SAR) gaming venues will be closed for two weeks, as the number of coronavirus cases there has ballooned to 10. For several days,...
Golden Entertainment Could Glitter with Regional Catalysts, Strat Renovation
Shares of Golden Entertainment, Inc. (NASDAQ:GDEN) are enjoying a nice start to the week, residing higher by five percent in midday trading That's after an analyst raised his price target on the stock while noting...
Barstool Deal ‘Credit Positive’ For Penn National, but Don’t Bank on Ratings Upgrade Anytime Soon
Penn National Gaming (NASDAQ:PENN) said last week it's paying $163 million in cash and stock to purchase a 36 percent stake in the entertainment and sports media property Barstool Sports, a deal the gaming company...
MGM Resorts Stock Usually Isn’t a Winning February Bet
Historically speaking, February isn't a great time for stocks, as the S&P 500 averages a 0.30 percent decline in the second month of the year. MGM Resorts International (NYSE:MGM) is one of the individual names...
Coronavirus Outbreak Plagues Macau January Revenue, 11.3 Percent Drop Far Exceeds Analyst Estimates
As expected, the deadly coronavirus outbreak resulted in a brutal month for Macau operators, as January gross gaming revenue (GGR) on the peninsula plunged. The final tally on GGR was down 11.3 percent to $2.76...
49ers Rush Defense Now Has $268,000 Riding on it as Biggest Super Bowl Prop Bet Hits
Sportsbook operators around the country are offering hundreds, and in at least one case, 1,000 prop bets on Super Bowl 54 this Sunday. One gambler in New Jersey is showing a lot of faith in...
Illinois Gaming Board Awards Three Sports Betting Licenses, Eldorado, Penn National Among Winners
The Illinois Gaming Board (IGB) Thursday awarded three sports betting licenses, prompting speculation that some gaming companies there could be taking wagers in time for the NCAA Tournament, also known as March Madness. The recipients...
IGT, Twin River Make Nice in Rhode Island, Will Create New Entity Dominating State Gaming Machines
After a months-long spat, International Game Technology (IGT) and Twin River Worldwide Holdings (TRWH) Inc. are teaming up in Rhode Island. They have announced a partnership that includes the creation of a new company aimed...
