5139 stories by Todd Shriber
Colorado Posts ‘Encouraging’ $25.6 Million Handle in First Month of Legal Sports Betting
May 2020 was Colorado's first month in the legal sports wagering arena. All things considered, the state's $25.62 million handle is solid. When betting experts and historians look back on 2020, May will not go down as the optimal time for any...
Melco, Wynn Lead Macau Stock Rally as US-Focused Operators Wilt Against COVID-19 Backdrop
Melco Resorts & Entertainment (NASDAQ:MLCO) and Wynn Resorts (NASDAQ:WYNN) led a rally in gaming equities Monday that was largely confined to companies with Macau exposure. That rally came after it was revealed Guangdong province will lift its quarantine policy with the gaming...
Macau Concessionaires Get Good News with End of Guangdong Quarantine Policy
In what could be the start of a rebound for Macau gaming operators, Guangdong province is lifting its 14-day quarantine policy on all visitors returning from the gaming center. That change goes into effect early Wednesday, July 15. Guangdong is the nearest...
Tennis Integrity Unit Monitoring Chicanery in Off-Tour Exhibition Tilts
The Tennis Integrity Unit (TIU) -- the organization that evaluates match-fixing allegations within the sport -- is investigating widespread claims of that nefarious deed at various off-tour exhibitions that are popping up in the wake of the coronavirus pandemic. As is the...
Queensland Government Nixes Second Casino Plan, But No Exclusivity for Star
The Queensland government is scrapping plans to bring a second gaming venue to Australia's Gold Coast. But it's not granting exclusivity to Star Entertainment Group, either. State Development Minister Kate Jones said policymakers worked diligently with Star, the established operator in Southeast...
New York Should Turn to Online Sports Betting to Boost Revenue, Says Muni Bond Manager
The COVID-19 pandemic is stressing cities and states, crimping revenue collection, and creating massive budget shortfalls. New York is in that boat, and one municipal bond manager believes the state could turn to sports wagering to shore up its deteriorating balance sheet....
Wynn Resorts Fell Out of Favor with Hedge Funds Amid Q1 Slide
Wynn Resorts (NASDAQ:WYNN) stock was one of the most repudiated gaming names in the first quarter, experiencing a peak-to-trough decline of approximately 77 percent. That prompted some hedge funds to bail on the casino operator's shares. The Encore owner finished 2019 on...
Aichi, Tokyo Could Be Late Entrants to Japan IR Competition
The already teeming field of Japanese prefectures angling for a gaming license could get a little more crowded with the possible arrivals of Aichi and Tokyo to the fray, according to a research firm. Tokyo, the Japanese capital and the country's largest...
Everi Gets Epic Lift After Analyst Says Stocks Will More Than Triple
Shares of Everi Holdings (NYSE:EVRI) are higher by nearly 24 percent in midday trading Friday, making the gaming software company one of the best-performing names on the New York Stock Exchange. That rise came after Roth Capital analyst David Bain issued bullish...
Negreanu Bashes Bank of America for Closing Account, Poker Star Says Activity Was Legit
Daniel Negreanu, one of the most accomplished poker players of all-time, will have to find another bank at which to stash his winnings. That's because Bank of America (BofA) no longer wants his business. The Canadian-born star known as “Kid Poker” took...
