5082 stories by Todd Shriber
Kudlow Says White House Mulling Assistance for Travel, Leisure Industry Battered by Coronavirus
White House economic adviser Larry Kudlow said Friday the Trump Administration is evaluating responses, potentially including economic stimulus, to help industries and workers affected by the spread of the novel coronavirus in the US. In remarks made on CNBC and Fox Business,...
DraftKings, FanDuel Lead US Sports Betting Mobile App Downloads, Says Morgan Stanley
Led by DraftKings and FanDuel, downloads of mobile sports betting applications in the US jumped 84 percent on a year-over-year basis last month, according to a new research report from Morgan Stanley. The bank specifically analyzed the period following the Super Bowl...
Eldorado Crushed by Shorts, Tumbles to Lowest Post-Caesars Announcement Levels, Bears Bashing Others
Shares of Eldorado Resorts, Inc. (NASDAQ:ERI) plunged 15.52 percent today on volume that was more than quadruple the daily average, as the stock closed below the nadir seen in the months following the company's announcement regarding a $17.3 billion takeover offer for...
HotelPlanner.com CEO Calls for $2,000 Travel Stimulus Plan as Coronavirus Crimps Gaming, Leisure Industry
The travel and leisure industry, including gaming operators, is being pinched by the spread of the novel coronavirus in the US, prompting one executive to push politicians to consider stimulus efforts. Tim Hentschel, CEO of online travel group provider HotelPlanner.com, said that...
Macau Government Not Mulling Casino Tax Cuts, and Operators Aren’t Asking
Macau's government isn't mulling tax reductions for gaming companies there even as the Special Administrative Region's (SAR) most important industry struggles to rebound from the novel coronavirus outbreak. Although gross gaming revenue (GGR) on the peninsula tumbled nearly 88 percent in February...
‘Parlay Patz’ Facing Fed Charges for Alleged Violent, Racially Charged Internet Threats Aimed at MLB Players
Benjamin Patz, also known as “Parlay Patz,” is facing charges from the US Department of Justice (DOJ) for transmission of interstate threats aimed at several Major League Baseball (MLB) players. Patz, 23, rose to internet stardom in 2019 after hitting a series...
Twin River Offers Investors ‘Compelling’ Long-Term Value Possibilities, Says Analyst
Twin River Worldwide Holdings, Inc. (NYSE:TRWH) delivered fourth-quarter and full-year 2019 financial numbers on Tuesday. While there wasn't much in the way of surprises, one analyst remains enthusiastic about the regional gaming company. The operator of Rhode Island's two casinos last month...
Wynn Macau Can’t ‘Reasonably Estimate’ Coronavirus Effects on Financial Results at This Time
Wynn Macau delivered full-year 2019 numbers earlier today, but the focus was on 2020, with the company saying the novel coronavirus outbreak is likely to adversely affect results this year. The operator of the Wynn Macau and Wynn Palace in the world's...
Everi Stock ‘Dislocation’ Could Bring Investor Opportunity, Says Analyst
Everi Holdings Inc. (NYSE:EVRI) is following other gaming stocks lower, having shed more than 24 percent over the past week. But at least one analyst remains bullish on the gaming technology solutions provider. The Las Vegas-based company reported fourth-quarter results on Monday,...
GAN Shares Hit Jackpot as Company Unveils Restructuring Targeting NASDAQ Listing
GAN Plc, the gaming publisher and systems supplier, saw its London-listed and over-the-counter (OTC) shares surge Tuesday after the company revealed a corporate restructuring that includes bringing its stock to the NASDAQ. GAN UK and affiliated firms will be folded into GAN...
