4982 stories by Todd Shriber
Scientific Games Working to Reduce Debt, But “Seeing is Believing,” Says Analyst
Scientific Games Corp. (NASDAQ: SGMS), the maker of slot machines, video lottery terminals (VLTs) and other gaming equipment, reduced its debt burden by $155 million in the second quarter. But the company still carries about $8.65 billion in liabilities, prompting one analyst...
Penn National Gaming Stock Lands Analyst Upgrade, Major Upward Price Target Revision
Penn National Gaming, Inc. (NASDAQ:PENN) scored an upgrade from a widely followed casino industry analyst on Friday. Union Gaming analyst John DeCree raised his rating on shares of the regional operator to “buy” from “hold” while lifting his price target on Penn...
Philadelphia 76ers Backer Puts Down Six Digits to Win Four Figures
A well-heeled sports bettor laid $100,500 at the Westgate Las Vegas Superbook earlier this week on the Philadelphia 76ers to make the 2020 NBA Playoffs at odds of -5000. The gambler will net a modest $2,010 on that investment if the Sixers...
Macau Gaming Stocks Tripped Thursday by Trump Trade Tweets
Shares of gaming companies with Macau exposure slid late Thursday after President Trump said the US is planning to levy a 10 percent tariff on $300 billion worth of Chinese products after trade talks between the world's two largest economies stalled. US...
VICI Properties Fantastic Funds From Operations Guidance Met With Tepid Response
VICI Properties Inc. (NYSE:VICI), the gaming real estate investment trust (REIT), raised its full-year funds from operations (FFO) guidance in its second-quarter earnings report, but investors' response to the news was weak as the stock traded slightly higher Thursday. On an adjusted...
Penn National Gaming Inks Sports Betting Deals with DraftKings, PointsBet, Some in States Where It’s Not Yet Legal
Penn National Gaming said Wednesday it has landed agreements with some of the biggest names in online gaming and sports betting, including DraftKings. The deals cover 16 states, including some where neither online casinos nor sports wagering are currently legal. In addition...
PointsBet, Double Eagle Casino Ink Partnership, Wagering Colorado Will Approve Sports Gambling
The Double Eagle Hotel and Casino in Cripple Creek, Colo. and sportsbook operator PointsBet announced a pact that will have the Australian company manage the gaming property's retail and mobile sports betting platforms. The gaming company and the casino operator are making...
Barstow Casino Seen Moving Forward, Chemehuevi Tribe Says 80 Percent Chance it Happens in Three to Five Years
Barstow, a small town in San Bernardino County, Calif. known primarily for being on the way to Las Vegas, may be getting its own casino with two tribes vying to open a gaming property along Interstate-15 (I-15). Efforts to open a casino...
MGM Springfield Ex-Slots Worker Facing Charges For Allegedly Stealing $22,000 From Employer, Forging Supervisor’s Signature
A man previously employed by the MGM Springfield was indicted by the Massachusetts attorney general for allegedly pilfering $22,000 from the casino and forging his boss's signature on company documents. Salvador Montalvo Jr., 54, was formerly a slot machine technician at the...
SEC Hits Bettor Investments, Casino Dealer Proprietor With Securities Fraud Charges
Bettor Investments, LLC, a now defunct Nevada company, and its only employee, founder Matthew Stuart, are facing fraud charges from the Securities and Exchange Commission (SEC). In the SEC's complaint, filed in federal district court in Las Vegas, the commission claims that...
