5139 stories by Todd Shriber
Monarch Casino & Resort Stock Is Becoming a Hedge Fund Favorite
Shares of regional gaming company Monarch Casino & Resort (NASDAQ:MCRI) are setting a torrid pace to end 2019. The stock is up 9.51 percent just this month, boosting its fourth-quarter gain to nearly 12 percent. Recent bullishness in the operator of the...
Caesars Entertainment to Pour $41 Million Into Harvey’s Lake Tahoe Renovation
Caesars Entertainment is allocating more than $41 million to renovate Harvey's Lake Tahoe Hotel & Casino, one of the company's two properties in that part of Northern Nevada. The operator of the Stateline, Nevada gaming property said the project includes refreshing all...
Hard Rock International, Mohegan Gaming Greece Competition May Not Have a Victor Until Mid-2020
Originally expected last month, the winner of the tender process to build an integrated resort at the old Hellenikon International Airport near Athens – either Hard Rock International or Mohegan Gaming and Entertainment (MGE) – may not be known until well into...
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...
