4982 stories by Todd Shriber
Eldorado Resorts Gets Pennsylvania Green Light For $17.3 Billion Caesars Takeover
Eldorado Resorts, Inc. (NASDAQ:ERI) landed another state approval for its $17.3 billion proposed acquisition of Caesars Entertainment Corp. (NASDAQ:CZR), getting the green light Wednesday from the Pennsylvania Gaming Control Board (PGCB). The Keystone State news comes just eight days after the Iowa...
Macau February GGR Estimates Are Getting Ugly, Bernstein Forecasting 95 Percent Plunge
Analyst estimates on February gross gaming revenue (GGR) in Macau aren't improving. They're getting worse, as casinos there remain closed in an effort to dampen the spread of the new coronavirus from China. In a recent note to clients, Bernstein estimated the...
Jefferies Sees $5 Billion EBITDA US Sports Betting Opportunity, Recommends Investors Wager on Flutter, William Hill
As an industry, legitimate sports wagering is still in its formative stages in the US. But some analysts believe investors don't need to rely on American companies to access what is expected to be exponential growth. In a note to clients Tuesday,...
Macau Casino Closure Scheme Faces Shortening Extension Odds
On Feb. 4, Macau Chief Executive Ho Iat Seng announced the Special Administrative Region's (SAR) gaming properties would be shuttered for 15 days. The move came to stem the spread of the new coronavirus from China after the confirmed case count there...
Twin River 2020 EBITDA Could Jump 8 Percent or More Thanks to Eldorado Acquisitions
Twin River Worldwide Holdings, Inc. (NYSE:TRWH) gave investors a glance into its fourth-quarter and full year earnings report Monday afternoon. The company revealed it expects 2020 adjusted earnings before interest, taxes, depreciation and amortization (EBITDA) to increase about eight percent. The operator...
XFL Inaugural Games Notch Handle 2,000 Times That of AAF First Weekend, TV Ratings Impress
In its debut weekend, the XFL garnered solid television ratings, and the new league generated interest in another venue: sportsbooks across the country. It wasn't an NFL weekend and it didn't need to be. But the latest version of the XFL posted...
Goldman Sachs Says Wynn Can Rally – if Coronavirus Fears Prove Overhyped
Assuming fears surrounding the new coronavirus from China prove overblown, Goldman Sachs views Wynn Resorts (NASDAQ:WYNN) as one of the stocks likely to benefit. But that's a big “if.” Identifying what constitutes concerns that have been blown out of proportion is subjective....
Macau Gaming, Junket Operators Chip in $22.5 Million for Coronavirus Cure, Well Behind Gates’ $100 Million
With the lifeblood of Macau's economy shut off due to the new coronavirus, gaming and junket companies want a solution, and are donating nearly $22.5 million to find a cure for the deadly respiratory illness. In recent days, confirmed cases of the...
William Hill Reportedly Nearing CBS Sports Agreement in Quest for Media Deal
UPDATE: Feb. 10, 2020: On Monday afternoon, ViacomCBS and William Hill confirmed a strategic partnership in which the sportsbook operator will be the official book and data provider on all CBS Sports platforms. Financial terms of the deal weren't revealed. ___________________________________________________________________________________________________________________________ British...
Penn National Gaming Takes Checkers as First Official Gaming Partner of NASCAR
Penn National Gaming continues adding to its burgeoning sports betting empire, announcing Friday that it's entering a deal with NASCAR to become the stock car racing association's authorized gaming provider. It marks the operator's first partnership with a professional sports league. NASCAR's...
