4982 stories by Todd Shriber
Eldorado, Monarch Casino Among Regional Names Worth Buying, Says Jefferies Analyst
Eldorado Resorts (NASDAQ:ERI) and Monarch Casino & Resort (NASDAQ:MCRI) are among the regional gaming equities liked by Jefferies analyst David Katz. That's though he acknowledges a resurgence in coronavirus cases could hamper the near-term outlook for these stocks and others. Eldorado climbed...
Macau Politician Says Monthly GGR Rebounds to $1 Billion if Guangdong Restrictions Are Lifted
Macau legislator Davis Ka Chio Fong believes gross gaming revenue (GGR) on the peninsula will bounce back to $750 million to $1.25 billion on a monthly basis when Guangdong Province reopens its border with the gaming center. At the midpoint of that...
Former Astros, Indians Outfielder Trevor Crowe Charged With Tax Evasion in Illegal Gambling Scheme
Trevor Crowe -- who spent parts of four seasons with two Major League Baseball (MLB) franchises -- was charged Wednesday in the Northern District of Ohio on one count of income tax evasion stemming from his purported role in an illegal gambling...
William Hill Tagged With Junk Rating, Negative Outlook by Moody’s
William Hill Plc (OTC:WIMHY), one of the largest UK-based bookmakers, was confirmed with a credit rating of Ba3 and a “negative” outlook by Moody's Investors Service following the research firm's periodic review of the gaming company's financials. Bonds with one of the...
Nevada Regulators Taking up Eldorado/Caesars Combo July 8, Indiana, New Jersey to Follow
Eldorado Resorts' (NASDAQ:ERI) more than year-long quest to acquire Caesars Entertainment (NASDAQ:CZR) could reach the finish line this month. Regulators in Nevada, Indiana and New Jersey are scheduled to weigh in on the deal. The Nevada Gaming Control Board (NGCB) and the...
California Tribes Have Time on Their Side in Sports Betting Petition Push
California Superior Court Judge James Arguelles has granted a coalition of Native American tribes operating casinos in the state more time to collect petition signatures for a sports betting ballot proposal, an effort previously stymied by the coronavirus shutdown. The tribes are...
Macau GGR Recovery Hopes Stifled by Border Restrictions, Analysts See No End in Sight
Gross gaming revenue (GGR) in Macau tumbled 97 percent in June. That's merely the latest in a series of staggering monthly declines proving the special administrative region's (SAR) gaming-intensive economy remains hamstrung by travel controls implemented in the wake of the coronavirus...
Eldorado Finalizes Isle of Capri, Lady Luck Sales to Twin River, Appeasing FTC
Eldorado Resorts (NASDAQ: ERI) wrapped up sales of the Isle of Capri Casino in Kansas City, Mo. and Lady Luck Casino in Vicksburg, Miss. to Twin River Worldwide Holdings (NYSE:TRWH), allaying regulators' concerns about concentration risk in Missouri. Last week, the Federal...
FanDuel Nabs Betting, Daily Fantasy Deal With The Basketball Tournament
The Basketball Tournament (TBT) — a hoops competition with a $1 million winner-take-all prize pool — is partnering with FanDuel to bring sports wagering and daily fantasy sports (DFS) offerings to bettors for this year's event. In previous years, TBT featured an...
DraftKings Gains Another Wall Street Fan as Stephens Comes Aboard With Bullish Outlook
Research firm Stephens, Inc. is the latest fan of DraftKings (NASDAQ:DKNG) stock. Analyst Jeff Cohen starts coverage of the daily fantasy sports (DFS) firm today with an “overweight” rating and a price target of $52. Cohen's report sent the stock higher by...
