4982 stories by Todd Shriber
Michael Burry of ‘Big Short’ Fame Takes Stakes in Las Vegas Sands, Wynn Resorts
Michael Burry, the hedge fund manager profiled in the hit movie The Big Short, doesn't just short securities in the mortgage market. His Scion Asset Management owns long positions in various companies, including recently added stakes in Las Vegas Sands (NYSE:LVS) and...
DraftKings Looks for Faster Illinois Entry With Services License Application
DraftKings is looking to skirt a cumbersome 18-month waiting period for online betting operators in Illinois and could use management services licenses to do just that. When the Prairie State passed broader gaming expansion legislation last year, a provision was included in...
San Manuel Extends Closure While Other Southern California Tribal Casinos Reopen
For a fourth time, the San Manuel Band of Mission Indians is extending the shutdown of its eponymous gaming property in Southern California. That's while rival tribal operators in the region move to reopen their casinos as soon as today. San Manuel,...
Steve Wynn Sees ‘Overwhelming Impulse’ to Return to Normal, Accidentally Calls Wynn Resorts ‘My Company’
In an interview with Maria Bartiromo of Fox Business, former Wynn Resorts Chairman and CEO Steve Wynn said people have an “overwhelming impulse” to return to normal in the wake of the coronavirus. And in what could have been just old habit,...
Full House Resorts Delivers Golden News With Silver Slipper Reopening
Full House Resorts (NASDAQ:FLL) generated some buzz Thursday on news that its Silver Slipper Casino & Hotel in Hancock County, Miss. is joining other Magnolia State gaming properties in reopening. Rivals are also reopening casinos in Louisiana and Mississippi. But the move...
MGM Dented by Multiple Downgrades as Analysts See Limited Near-Term Growth Opportunities
Shares of MGM Resorts International (NYSE:MGM) are trading lower Thursday, as the stock contends with several new sell-side assessments, none of which are enthusiastic. Today's analyst action on MGM stock includes two downgrades and a resumption of coverage from Credit Suisse with...
Las Vegas Sands Upgraded as Credit Suisse Sees Operator Gaining Macau Market Share
Las Vegas Sands (NYSE:LVS) is already the largest operator in Macau. But Credit Suisse analyst Ben Combes sees the company increasing its dominance in the world's largest gaming center at the expense of its rivals. In a note to clients earlier Thursday,...
Century Casinos Inks Colorado Online Sports Betting Deal With bet365, Analyst Likes Long-Term Outlook
Century Casinos (NASDAQ:CNTY) is adding to its sports betting offerings in Colorado. It has announced a partnership with bet365 that will see the companies offer offer internet and mobile sports betting in the Centennial State as the sports calendar increases following the...
Penn National Stock Extends Epic Rally as Louisiana, Mississippi Casinos Reopen
Shares of Penn National Gaming (NASDAQ:PENN) are soaring again Wednesday on news that the operator's venues in Louisiana reopened yesterday, while its Mississippi casinos will welcome back gamblers on Thursday. Penn runs 41 casinos in 19 states, including five apiece in Louisiana...
Red Rock Rallies Despite Sagging Earnings, Fertitta Quashes Palms Sale Rumor
Shares of Red Rock Resorts (NASDAQ:RRR) are soaring Wednesday, even after the operator posted first-quarter results that badly missed estimates. That indicates investors are focusing on comments from management confirming that the Palms isn't for sale. The company said it lost $2.18...
