4982 stories by Todd Shriber
Louisiana Casinos Target May 18 Restart, Will Be Biggest Reopening to Date
The Louisiana Gaming Control Board (LGCB) is permitting the state's casinos to restart on Monday, May 18. That will mark the largest reopening to date among markets hampered by the coronavirus shutdown that went into effect in mid-March. The Pelican State has...
George Soros, NFL Owners Jones, Kraft Among Newly Revealed DraftKings Investors
Quantum Funds, a group of hedge funds controlled by Soros Fund Management, is one of just several high profile investors listed in a recent DraftKings (NASDAQ:DKNG) filing with the Securities and Exchange Commission (SEC). Soros Fund Management, which is the family office...
Eldorado Resorts Posts Q1 Loss as Revenue Slides 25.6 Percent Amid Coronavirus Closures
Eldorado Resorts (NASDAQ:ERI) joins a lengthy list of gaming companies reporting first-quarter losses and sagging revenue due to property closures forced by the coronavirus outbreak. The company said operating income tumbled in the first three months of the year. The regional gaming...
Michael Jordan Check Made Out to Former Trump Casino Comes to Auction at Just the Right Time
Amid renewed interest in the life and times of Michael Jordan and new scrutiny of the basketball icon's gambling habits, a check signed by the star made out to an Indiana casino formerly owned by President Trump is on the auction block....
Penn National Gaming Hits Markets in $500 Million Capital Raise, Selling Stock, Convertible Notes
Shares of Penn National Gaming (NASDAQ:PENN) slid early Monday after the regional gaming company said it's raising $500 million via sales of convertible notes and common stock. The company said it's selling $250 million worth of common stock, a move that dilutes...
Boyd Gaming Seen as Regional Winner When Coronavirus Smoke Clears
Down almost 40 percent this year, Boyd Gaming (NYSE:BYD) stock is showing its sensitivity to the coronavirus closures plaguing the casino business. But Wall Street isn't ready to throw in the towel on the Orleans operator just yet. Up 15.40 percent over...
Bucks Antetokounmpo Seeks ‘Greek Freak’ Trademark, Possibly for Online Gaming Site
Reigning NBA MVP Giannis Antetokounmpo of the Milwaukee Bucks is looking to trademark “Greek Freak” – the moniker fans and media use to reference his athletic ability and birth country – for potential use with an online gaming entity. Antetokounmpo has five...
Flutter Entertainment Earns Junk Mark From Moody’s in First Post-Merger Rating
Moody's Investors Service assigned a Ba1 credit rating with a “stable” outlook to Flutter Entertainment, the research firm's first grade on the company following its $12.2 billion merger with The Stars Group (TSG). That deal, which was wrapped up earlier this week,...
Colorado Sports Betting Could Cost State Money This Year
On May 1, Colorado joined the legal sports wagering party, becoming the 18th state to do so. But state officials are already speculating that revenue generated from the activity will fall well short of expectations this year, providing little help to the...
Penn National Gets Big Barstool Bounce, Investors Gloss Over Q1 Loss, Embrace Emerging Online Benefits
Shares of Penn National Gaming (NASDQ:PENN) are higher by nearly 11 percent in late trading after the company revealed it plans to launch its Barstool Sports mobile application in the third quarter. That news is the latest underscoring Penn's metamorphosis to a...
