5139 stories by Todd Shriber
Las Vegas Sands Top Pick Among Large-Cap Gaming Equities, ‘Must-Own’ For Long Term, Says Analyst
Shares of Las Vegas Sands Corp. (NYSE:LVS) jumped 32.64 percent last year. While there could be some headwinds in Macau in the first half of 2020, analysts are mostly bullish on the Venetian operator's stock, particularly for long-term investors. In a note...
South Dakota to Give Sports Betting Another Shot As Regional Competition Increases
In an effort to keep up with some neighboring states, South Dakota lawmakers will again consider sports betting legislation this year after a similar effort was defeated in 2019. Voters in the Mount Rushmore State would ultimately decide the fate of sports...
Tule River Indian Tribe Wins Another Round in Quest to Move Eagle Mountain Casino
The Tule River Indian Tribe notched another victory Tuesday in its effort to move its Eagle Mountain Casino in Northern California. The win came when the Tulare County Board of Supervisors signed-off on an accord with the tribe. The tribal nation is...
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...
