4982 stories by Todd Shriber
Eldorado Resorts Is Stifel Analyst Top Gaming Pick for 2020, Sees Massive Upside Ahead as Caesars Is Integrated
Fresh off a 2019 gain of more than 57 percent, which compares nicely with the roughly 30 percent returned by the S&P 500, Eldorado Resorts, Inc. (NASDAQ:ERI) is poised to deliver more upside for investors in 2020 as it integrates Caesars Entertainment...
Chiba Becomes Latest Japanese City Bowing out of Integrated Resort Competition
Just days before Japan's newly formed casino commission is set to meet for the first time, Chiba Mayor Toshihito Kumagai announced Tuesday his city is abandoning plans to host an integrated resort. News of Chiba's departure from the gaming property race in...
Caught in Cambodia: 16 North Koreans Busted for Operating Illicit Chinese Gambling Site
Law enforcement officers in Cambodia recently arrested 16 North Korean nationals for their roles in running an illegal gambling operation with ties to China. The North Koreans, who weren't identified by Cambodian authorities, were working as information technology (IT) staffers for an...
Relaxed Visa Controls Could Make or Break Macau January as Analysts Forecast Flat GGR Growth
The ability of gaming companies in Macau to get off to a strong start in 2020 will depend heavily on the relaxation of recently implemented visitation visa restrictions, according to some analysts. Beijing deployed stricter controls on its visa policy for the...
Topgolf Readies Initial Public Offering Valuing Driving Range Operator at $4 Billion
Topgolf International, the operator of driving ranges that shatter golf's traditionally staid image, is reportedly preparing an initial public offering (IPO) for later this year that values the company at $4 billion. Banks advising the company on the offering include Bank of...
DraftKings 2019 Revenue Surged, But Losses Swelled 53 Percent, Making Profitability Seem Far Off
DraftKings, which recently said it plans to become a publicly traded company later this year, appears poised to have something in common with much of 2019's crop of ballyhooed “unicorn” initial public offerings (IPOs): the daily fantasy sports provider loses money. In...
PointsBet, Stars Group Move Swiftly, Procure Michigan Tribal Pacts Soon After State Legalizes Sports Betting
Less than three weeks after Michigan became the 20th state to approve sports wagering laws, operators are moving quickly to get in on the act. On Monday, PointsBet Holdings Ltd. and the Stars Group Inc. (TSG) separately announced sports betting agreements with...
Monarch Casino Stock Enjoys Royal Day as Jefferies Analyst Katz Upgrades Shares
Monarch Casino & Resort (NASDAQ:MCRI) stock is higher by more than four percent at this writing. That positions it for one of its biggest intraday gains in at least a year after Jefferies analyst David Katz upgraded the regional gaming company. In...
Former ‘Bachelor’ Contestant Roper Tolbert Under DraftKings Collusion Exam
Jade Roper Tolbert, formerly a contestant on ABC's hit show “The Bachelor,” and her husband, Tanner Tolbert, have drawn the ire of some in the daily fantasy sports community after the reality television star won $1 million in a DraftKings NFL contest...
Golden Entertainment Launches New True Rewards Player Loyalty Program, Combines Strat, Other Casinos, PT’s Pub Business
Golden Entertainment, Inc., the operator of 10 US casinos, said it has finished combining its True Rewards player loyalty program. It now includes its gaming properties, the company's PT's Entertainment dining business, and partners such as grocery stores and ride-hailing firms. The...
