5138 stories by Todd Shriber
Penn National Q3 Earnings Miss, Q4 Outlook Lowered, But Casino Operator Debt Reduction Effort Remains Solid
Shares of Penn National Gaming (NASDAQ:PENN) were lower by 2.70% in early trading Thursday after the company's third-quarter results missed Wall Street estimates. But some analysts are urging investors to focus on guidance for the current quarter and the regional operator's ongoing...
MGM Shares Volatile After Hours as Las Vegas Numbers Disappoint, But Macau Surprises, MGM Grand Deal Could Come Early 2020
Shares of MGM Resorts International (NYSE:MGM) slid more than three percent during Wednesday's after-hours session. That happened after the company reported third-quarter results that missed estimates. The stock was lower by almost 0.50 percent at this writing. On a non-generally accepted accounting...
NFL Officiating Opinions Are Affected by Sports Betting Believe Nearly Two Thirds of Americans
A recent Seton Hall Sports Poll indicates nearly two-thirds of Americans believe legalized sports wagering colors fan opinions of NFL officiating, and that sentiment is almost evenly split among political party lines. The survey queried respondents about their views on officiating in...
Twin River Dealt a Blow in Quest to Run Rhode Island Lottery
Twin River Worldwide Holdings, Inc.'s (TRWH) effort to wrest control of Rhode Island's lottery from rival International Game Technology Plc (IGT) may have suffered a blow earlier this week. An executive from the casino operator told policymakers the company would have difficulty...
Eldorado Resorts Stock Becomes Hedge Fund Favorite Ahead of Caesars Deal Completion
Eldorado Resorts, Inc. (NASDAQ:ERI) has already made waves in the gaming industry this year by announcing a $17.3 billion takeover offer for Caesars Entertainment Corp. (NASDAQ:CZR). It's news that may have prompted some hedge funds to embrace the regional gaming company's shares....
Monarch Casino Could be a Royal Play Among Gaming Stocks Thanks to Balance Sheet, Says Analyst
Shares of regional gaming operator Monarch Casino & Resort (NASDAQ:MCRI) are up about 13.60 percent year-to-date. But the stock resides 11 percent below its 52-week high due, in part, to construction snafus at its Black Hawk, Colo. property. Macquarie analyst Chad Beynon...
Medvedev Approves Gambling Zone in Occupied Crimea in Effort to Boost Tourism
Russian Prime Minister Dmitry Medvedev has authorized the creation of a new gambling area in occupied Crimea, a region annexed by Russian during a military conflict with neighboring Ukraine in February and March 2014. Medvedev approved the creation of a casino gaming...
State Senator, Water Expert Sonnenberg Opposes Colorado Proposition DD Sports Betting Plan
Just days before voters in Colorado head to the polls to decide the fate of Proposition DD, a ballot initiative that, if approved, would permit sports betting there, State Senator Jerry Sonnenberg is voicing opposition to the plan. It may appear that...
Osaka Accelerates Land Transfer Time Frame, Hopes to Have Integrated Resort Opened by 2025
Adding to its recent burst of activity related to its effort to become home to an integrated resort, Osaka is altering the timing of a land transfer, pushing that timeline up six months in hopes of having a gaming venue operational by...
Vici Properties Shells Out $843.3 Million For Jack Cleveland, Thistledown Racino, JACK Entertainment Will Lease Back Properties
JACK Entertainment is monetizing a pair of Cleveland assets, announcing that it will sell the Jack Cleveland Casino and the Jack Thistledown Racino to Vici Properties (NYSE:VICI) for $843.3 million in cash. Privately held JACK Entertainment, which is controlled by billionaire Cleveland...
