5319 stories by Todd Shriber
Swiss Officials Approve Online Gaming License for Grand Casino Luzern
Grand Casino Luzern won permission from the Swiss Federal Council to open an online casino later this summer. An effort to legalize online gaming in Switzerland started nearly four years ago, but regulations governing Internet-based wagering there did not go into effect...
Genting Singapore’s Strong Finances Could Be Advantageous in Japan
Genting Singapore Ltd. is one of seven major casino operators vying for one of Japan's coveted gaming licenses. The group's strong balance sheet could be an advantage in that quest. Maybank Kim Eng Holdings Ltd regional gaming analyst Samuel Yin Shao Yang...
Churchill Downs Stock Upgraded as Analyst Sees Benefits from Illinois Gaming Bill
Shares of Churchill Downs Inc. (NASDAQ: CHDN) surged 6.1 percent Wednesday to close at $109.07 with volume more than double its daily average after Tesley Advisory Group analyst Brian McGill upgraded the stock, noting the company stands to benefit from the recently...
Scientific Games Attracts Attention of Bullish Options Traders
Shares of Scientific Games Corp. (NASDAQ: SGMS) closed slightly higher Tuesday, extending the stock's winning streak to five days and its gain over the past week to nearly 12 percent. The stock's recent run appears to be luring options traders betting on...
Norwegian Pension Fund Sheds Gaming Stocks from Portfolio
Kommunal Landspensjonskasse (KLP), Norway's largest pension fund, said it will ditch its investments in alcohol companies and casino operators as part of its ongoing effort to align its portfolio with environmental, social, and governance (ESG) investing principles. KLP, which is the pension...
Cosmopolitan Las Vegas Issues Apology to Meek Mill for Banning Rapper from Casino
Just days after the Cosmopolitan denied hip hop star Meek Mill entry to a concert it was hosting, the Las Vegas hotel and casino took to Twitter to issue an apology, saying it had "zero tolerance for discrimination." The rapper, whose legal...
Concerns Raised Over Sports Betting Platform Contract Awarded by Oregon Lottery
The Oregon Lottery is pushing forward with its effort to bring legalized sports wagering to the state. However, critics believe the state is doing so with assistance from a foreign company with potentially dubious business practices. Last week, Oregon Lottery Director Barry...
As Potential Suitors Circle, Caesars Stock Remains Hedge Fund Favorite
With Caesars Entertainment being discussed as an acquisition target, hedge funds remain fans of the stock. A report from Jefferies, an investment bank and brokerage firm, highlights new holdings established by high and low turnover hedge funds in the first quarter. High...
Armenia Protestors Challenge Parliament Effort to Enact Big Gambling Restrictions
Armenia's parliament is considering legislation that could further restrict gaming establishments in the Eastern European nation. The legislation, introduced last October, is the latest in a series of efforts by Armenian politicians to crackdown on betting parlors and casino gaming venues across...
India Court Decides to Continue Allowing Online Wagering, But Commissions Further Review
A court in India voted Wednesday against a temporary ban on online wagering, opting instead to allow the activity to continue while requesting additional guidance from policymakers on the legality of games of chance. Avinash Mehrotra, an Indian social activist, petitioned the...
