5211 stories by Todd Shriber
Twin River Sees Encore Boston Harbor Pressure Abating, Uses Stock Weakness to Repurchase Shares
Twin River Worldwide Holdings, Inc. (NYSE:TRWH) has been plagued by the addition of Encore Boston Harbor to the New England gaming scene. The Rhode Island company's stock tumbled almost 22 percent since the Wynn property debuted in neighboring Massachusetts. As expected, Twin...
Eldorado Resorts, Caesars Shareholders Vote to Tie The Knot, Create Largest US Casino Operator
Eldorado Resorts, Inc. (NASDAQ:ERI) and Caesars Entertainment Corp. (NASDAQ:CZR) investors today overwhelmingly voted in favor of the regional gaming company's $17.3 billion takeover of the Caesars Palace operator. Each company held special shareholder meetings on Friday in Nevada – Eldorado in its...
Connecticut Democrats May Opt For Sports Betting, Cannabis For Infrastructure Cash Over Increasing Tolls
Democrats in Connecticut's state senate could resuscitate sports betting legislation while adding legalized cannabis to the mix in an effort to raise revenue for Gov. Ned Lamont's (D) transportation plan. In July, state lawmakers from both parties introduced “An Act Concerning Jobs...
TD Ameritrade Mulls Sports Betting as Avenue For Filling Revenue Void Created by Commission-Free Trading
TD Ameritrade Holding Corp. (NASDAQ:AMTD), one of the largest discount brokers, could turn to sports betting to bolster revenue after the company and its rivals recently shifted away from commission-driven models. Chief Information Officer Vijay Sankaran sees potential synergies between the trading...
Golden Entertainment Stock Glitters After Board Member Marnell Scoops up Shares
Shares of Golden Entertainment, Inc. (NASDAQ:GDEN) were higher by more than six percent on volume that is roughly 30 percent above the daily in midday trading on news that board member Anthony Marnell recently purchased the regional gaming company's stock. A new...
Ohio State Offering Moneyline Bettors no Value at -600,000 in Tilt Against Sorry Rutgers Squad
The Ohio State Buckeyes are one of college football's elite teams. The Rutgers Scarlet Knights are one of the worst Football Bowl Subdivision (FBS) squads. Oddsmakers know both of those facts. That much is proven by the moneyline odds on Saturday's game...
California Cardrooms Are Important Contributors to Local, State Economies, Says Industry Group
California's 72 cardrooms aren't traditional casinos and often draw the ire of tribal operators. But the venues are important drivers of economic activity throughout the Golden State, according to the California Gaming Association (CGA). Full disclosure: the CGA has a stake in...
Sands China President Wong Forecasts Macau Stability Through End of 2019
Sands China Ltd. president Wilfred Wong believes the gaming environment in Macau will be stable for the remainder of 2019, even as some operators fret about weakness in the VIP segment. In the third quarter, Las Vegas Sands Corp. (NYSE:LVS), parent company...
Genting Singapore Faces Challenges in Home Market Amid VIP Volatility, Say Analysts
Genting Singapore, the Resorts World Sentosa operator, is likely to face challenges in the city-state due to softness among mass market gamblers and unpredictability with VIP players, according to Malaysian brokerage house Affin Hwang Capital. Resorts World Sentosa is one of just...
Twin River Estimates Cut by Analyst Ahead of Earnings, Encore Boston Harbor Seen as a Real Problem
Twin River Worldwide Holdings, Inc. (NYSE:TRWH), the operator of Rhode Island's two casinos, reports third-quarter financial results Thursday after the close of US markets. With the company already having warned about the competitive impact of Wynn Resorts' (NASDAQ:WYNN) Encore Boston Harbor, there's...
