4982 stories by Todd Shriber
Penn National Gaming Stock Has Healthy Fundamentals, Tropicana Las Vegas Sale Possible, Says Analyst
Shares of Penn National Gaming, Inc. (NASDAQ:PENN) are off more than 30 percent over the past year, good for one of the worst performances among regional operators. But at least one Wall Street analyst is enthusiastic about the stock, noting management could...
NBC Sports Exec Sees Betting Advertisements Having ‘Material’ Impact For Some Regional Networks
NBC Sports, a unit of cable giant Comcast Corp. (NASDAQ:CMCSA), is accruing some benefit to its regional networks thanks to various betting-related initiatives, including its predictive gaming platform and increased advertising dollars in select markets. Last year’s Supreme Court ruling on the...
Google More Than Doubles Amount of States Where it Permits Sports Betting Advertisements
Google, the largest provider of internet search services, is keeping pace with the rapidly growing sports wagering landscape, increasing the number of states where it allows companies to run advertisements targeted at sports bettors. The company launched a “beta” test in June...
Eldorado Resorts A ‘Must-Own’ Heading Into 2020, Caesars Deal Cost Savings Could Top Estimates, Says Analyst
Eldorado Resorts, Inc. (NASDAQ:ERI) is a “must-own name” heading into next year, and the company's goal of trimming at least $500 million in costs via its $17.3 billion takeover of Caesars Entertainment Corp. (NASDAQ:CZR) can be met and probably topped, according to...
Encore Boston Harbor Gaming Revenue Dips in September, MGM Springfield Posts Second-Worst Month of 2019
Encore Boston Harbor extended its dominance of the Massachusetts casino landscape in September, posting gross gaming revenue of $48.95 million, though that was below the August tally of $52.48 million, according to new data from the Massachusetts Gaming Commission (MGC). The Wynn...
Blackstone Banks on Bellagio in $4.25 Billion Deal With MGM Resorts International, Ruffin Gets Circus Circus For $825 Million
In a widely anticipated move, MGM Resorts International (NYSE:MGM) formally announced today it is selling the Bellagio on the Las Vegas Strip to a real estate investment trust (REIT) controlled by private equity firm Blackstone Group Inc. (NYSE:BX) for $4.25 billion. As...
Eldorado, Caesars ‘Marriage License’ Could be Considered by New Jersey Regulators in January 2020
Eldorado Resorts, Inc. (NASDAQ:ERI) filed a petition last month with New Jersey regulators pertaining to the company's $17.3 billion takeover offer for Caesars Entertainment Corp. (NASDAQ:CZR), a matter Garden State officials could take up as soon as January. Reno-based Eldorado revealed its...
Rockford, Illinois City Council Signs Off on Hard Rock as Preferred Casino Bidder
Hard Rock International is on course to build a casino in Rockford, Ill. and now awaits approval from state regulators after the city council there recently approved the operator's bid. The company was one of three competing to bring a gaming venue...
MLB Wants Royalties If Washington State Approves Sports Betting
MLB wants its cut of the action if Washington State approves sports betting, asking for a royalty of 0.25 percent, or 25 cents on a $100 bet, for each wager placed on the sport in the Evergreen State. MLB is pitching the...
Taco Bell World Series Stolen Base Promo Returns, MGM Joins Party With Limited Live Money Betting Offering
Taco Bell is bringing back its “Steal a Base, Steal a Taco” promotion for the 2019 World Series, and this year, MGM Resorts International is joining the effort by offering a corresponding, real money wagering program in three states. “Steal a Base,...
