4982 stories by Todd Shriber
Churchill Downs, Eldorado Resorts Could be Interesting For Investors Wagering on Sports Betting in 2020
Churchill Downs Inc. (NASDAQ:CHDN) and Eldorado Resorts, Inc. (NASDAQ:ERI), two of 2019's best-performing gaming equities, have the potential to deliver more upside for investors next year with the help of sports betting, say some analysts. Thirteen states currently permit sports betting. But...
Colorado Sports Betting Will Leave Water Budget Thirsty In First Year
In November, Colorado voters approved Proposition DD, a ballot initiative to legalize sports wagering to direct revenue to the state's water projects. New estimates indicate that the first year of sports wagering there will leave the water budget dry, indicating it could...
DraftKings Eyes 2020 IPO After Merger With Diamond Eagle Acquisition, SBTech
DraftKings, one of the largest players in the online and mobile sports wagering arena, is planning a 2020 initial public offering (IPO) after announcing a merger with investment firm Diamond Eagle Acquisition Corp. (NASDAQ:DEACU) and SBTech. The transaction that will combine the...
Red Rock Rejection: Casino Staffers Rebuff Culinary Workers Union Local 226
Employees at the Red Rock Casino, Resort and Spa in Las Vegas voted against joining the Culinary Workers Union (CWU) Local 226, one of the most powerful organized labor groups representing staffers at Sin City gaming properties. In a secret ballot election...
Land Ahoy: Eldorado Resorts Gets Louisiana Approval to Move Isle of Capri Casino Ashore
Eldorado Resorts got the green light from the Louisiana Gaming Control Board (LGCB) to move its Isle of Capri riverboat casino, which docks in Westlake, La., to dry land. It became the first operator in the state to win such an approval....
Boyd Gaming Could be Winning 2020 Bet, Wall Street Likes Sports Wagering Leverage
Up 46 percent year-to-date, Boyd Gaming Corp. (NYSE:BYD) is one of 2019's best-performing casino and leisure stocks. Some analysts believe more upside is coming in 2020 for the operator of The Orleans and Sam's Town in Las Vegas. In a recent note...
William Hill Lays Another Strip Bet, Plants Flag at Ruffin-Owned Circus Circus
William Hill added to its roster of Nevada sports betting locations Friday, opening a sports book at the Circus Circus on the Las Vegas Strip. MGM Resorts International finalized the sale of that venue to billionaire investor Phil Ruffin on the same...
San Manuel Casino Goes Big in Bid to Lure High Rollers, Introduces $25,000 Table Games, $1,000 Slots
San Manuel Casino, one of Southern California's largest tribal gaming properties, is looking to lure high rollers with a new gaming area offering major league table limits. The new gaming area – High Limit Tables and High Limit Slots – features 15...
Gaming and Leisure Properties, Vici Combination Endorsed by Nomura Instinet Analyst Daniel Adam
The idea of Vici Properties (NYSE:VICI) acquiring rival Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) gained some momentum today, as Nomura Instinet analyst Daniel Adam said the scheme is sensible for both companies. A combination between the two gaming real estate investment trusts...
Nevada Gaming Commission Signs off on MGM $825 Million Circus Circus Sale to Ruffin
The Nevada Gaming Commission (NGC) on Thursday gave the green light to MGM Resorts International for its $825 million sale of the Circus Circus to billionaire Phil Ruffin. MGM, the largest operator on the Las Vegas Strip, announced plans to part with...
