5136 stories by Todd Shriber
Flutter, IGT ‘Best in Class’ Gaming Stocks Amid Tariff Unrest
Flutter, IGT could be resilient if a recession materializes, says Stifel. Duo could outperform other gaming stocks as tariff uncertainty lingers. Gaming stocks have been walloped by the US applying tariffs to various trading partners -- a move that’s heightened the risks...
Bally’s Star Deal Risky, More Capital May Be Needed, Says CBRE
Bally’s is shelling out nearly $150 million to save the Aussie casino operator Analysts say the transaction is fraught with risks for the buyer News emerged late Sunday that Bally’s (NYSE: BALY.T) is partnering with Australian businessman Bruce Mathieson to essentially save...
DraftKings Q1 Profits Could Be Damped by March Madness
Strong runs by favorites could weigh on operator earnings. NCAA tournaments could offset Super Bowl momentum. Favorites taking care of business in the NCAA men’s and women’s basketball tournament could be a drag on sportsbook operators’, including DraftKings (NASDAQ: DKNG), first-quarter earnings....
Macau Casino Stocks Face Elevated Risk Amid US/China Trade Spat
Macau casino stocks slumps as global stocks tumble US/China trade war seen weighing on gaming equities A fresh US/China war featuring reciprocal and retaliatory tariffs is plaguing Macau casino stocks, elevating risk in the already lagging group. Last week, shares of Las...
No Liberation for Gaming Supplier Stocks as Tariffs Take Hold
Gaming supplier stocks confront specter of reciprocal tariffs Light & Wonder viewed as among most vulnerable, according to Stifel Gaming equities were savagely repudiated last week as investors digested “Liberation Day” -- President Trump’s plan to implement tariffs against a plethora of...
Star Entertainment Pressing Bally’s to Up $158M Takeover Bid
***UPDATE*** Late Sunday, news broke that Star Entertainment has accepted an offer from Bally’s that will see the US-based regional casino operator take majority control of the Australian gaming firm. Bally’s is paying $149.8 million to acquire Star with investor Bruce Mathieson...
California Tribes Refute Claims of DraftKings, FanDuel Agreement
Tribes say there’s no agreement in place with commercial sportsbook operators They said a reporter wasn't supposed to be at “private roundtable” It appears as though commercial sportsbook operators may have committed another gaffe in California. Two days ago, a report surfaced...
Miriam Adelson Leads Casino Names on Forbes Billionaires List
Adeslon again leads gaming names on Forbes list She’s also among the richest women in the world Dr. Miriam Adelson again leads the names with ties to the gaming industry on Forbes’ latest rankings of global billionaires. The widow of former Las...
Wynn NYC Casino Faces Call to Pull Rezoning Application
Comptroller Lander says rezoning is an effort to “undermine” Critics claim new plan lacks community input Related Cos.’ plans to develop the next phase of Hudson Yard in Manhattan, which includes a bid for casino hotel that would be operated by Wynn...
Cohen Enhances Queens Casino Bid with Housing Pledge
Hard Rock, Mets owner partnering with developer Plan calls for 450 affordable housing units near proposed Queens casino site New York Mets owner Steve Cohen and Hard Rock International are attempting to boost their chances of winning a license for a proposed...
