5082 stories by Todd Shriber
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...
Wynn Resorts Stock Favored as Analysts See Macau Headwinds Abating
Wynn Resorts, Ltd. (NASDAQ:WYNN) stock gained 34.32 percent last year, slightly topping the S&P 500 in the process. Some analysts believe the gaming company can continue outperforming this year, as the outlook in Macau becomes more sanguine. Analysts see the operator of...
Penn National Gaming Tropicana Las Vegas Sale Could be Near, Company Mum on Speculation
The 2020 Las Vegas rumor mill is up and running, with speculation swirling that Penn National Gaming, Inc. (NASDAQ:PENN) is nearing a sale of the Tropicana on the Strip. In October, Casino.org, citing Stifel analyst Steven Wieczynski, reported that the regional gaming...
Twin River Planning Initiative to Entice More Bettors to Activate Sports Betting Mobile App
Twin River Worldwide Holdings (TRWH) is planning a campaign to get more Rhode Island bettors to activate the company's sports wagering mobile application. The operator of the Ocean State's two gaming properties unveiled the app in September, and while downloads have been...
Las Vegas Sands: Right Stuff to be Top Macau Stock in 2020, Says Analyst
Sluggishness among VIP gamblers is one of the primary reasons cited for the 2019 dip in Macau gross gaming revenue (GGR). But if that trend lingers into 2020, Las Vegas Sands Corp. (NYSE:LVS) is well-positioned to withstand that softness, says an analyst...
