5217 stories by Todd Shriber
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...
Chicago Casino No ‘Panacea’ for Windy City Pension Problems, Says Moody’s
Illinois Governor J.B. Pritzker (D) recently signed a bill lowering previously punitive taxes on revenue to be generated by a yet-to-be-built Chicago casino. It was a move praised by some in the financial community, but one not viewed as a cure-all for...
Eldorado Gains Nevada Gaming Control Endorsement for Caesars Entertainment Acquisition
The Nevada Gaming Control Board (NGCB) on Wednesday approved Eldorado Resorts Inc.'s (NASDAQ:ERI) $17.3 billion acquisition of Caesars Entertainment (NASDAQ:CZR). That marks the latest in a series of regulatory hurdles cleared by the regional operator in its quest to form the largest...
Wynn Takes Top Honors in Travel + Leisure Inaugural Las Vegas List
Wynn Las Vegas is the highest-ranking integrated resort on Travel + Leisure's first list dedicated to hotels in Sin City. The magazine has published its “World's Best” list, including companies, hotels, and travel spots, for 25 years. But 2020 is the first...
GVC, MGM Go All-in on BetMGM, More Than Double Investment to $450 Million
GVC Holdings Plc and MGM Resorts International (NYSE:MGM) are prioritizing their ROAR Digital betting partnership. They boosted their investment in the online wagering platform to $450 million from $200 million in a second funding round unveiled today. In 2018, the British bookmaker...
PrizePicks Secures $850,000 in Funding, Capital Raise Includes Poker Legend Phil Hellmuth
Daily fantasy sports (DFS) company PrizePicks landed $850,000 in capital during its latest funding round led by Parlay Capital Holdings. Poker legend Phil Hellmuth is also among the angel investors participating in the financing for the company. Casino.org reached out to PrizePicks'...
GVC Could Be Winning Wager Among Sports Betting Stocks, Says Deutsche Bank Analyst
GVC Holdings Plc is the latest British bookmaker to garner praise from a sell-side research firm, with Deutsche Bank saying the company's coming update could be better than expected. GVC -- which partners with MGM Resorts International (MGM) on the ROAR Digital...
Penn National, Twin River Among Regional Names Analyst Prefers to Strip Operators
Amid ongoing spikes in coronavirus case tallies throughout the US, travel and leisure stocks, including gaming equities, tumbled Wednesday. But one analyst believes regional casino names could prove resilient relative to destination market peers. In an interview with Fox Business, SunTrust Robinson...
Macau GGR Trending Higher to Start July, Improvement Seen Over May, June
It's still early, but if the first five days of this month are any indication, July will be kinder to Macau concessionaires than the previous two. That's as channel checks conducted by Bernstein confirm operators in the world's largest gaming center averaged...
IHRC Staff Not Enthusiastic About Eldorado/Caesars Deal, Doubts ERI Pari-Mutuel Commitment
Just days before a scheduled discussion, Indiana Horse Racing Commission (IHRC) staff expressed concerns about Eldorado Resorts Inc.'s (NASDAQ:ERI) $17.3 billion takeover of Caesars Entertainment (NASDAQ:CZR). In a report to the IHRC, commission staff says it's impossible “to offer its enthusiastic or...
