5213 stories by Todd Shriber
DraftKings Partners With NBA to Tap Booming In-Game Betting Market
Daily fantasy sports (DFS) and sportsbook giant DraftKings said Monday it inked a multi-year accord with the NBA that makes the company an “Authorized Sports Betting Operator” of the association. As part of the agreement, the NBA is agreeing to share official...
Century Casinos Q3 Results Miss Estimates, But Operator Will Close Three Eldorado Purchases Sooner Than Expected
Century Casinos, Inc. (NASDAQ:CNTY) saw its stock rally early Monday even after the regional gaming company reported third-quarter results that missed consensus estimates. But the operator did say it expects to finalize purchases of three venues from Eldorado Resorts Inc. (NASDAQ:ERI) sooner...
California Dream Could Become Reality For Sportsbooks in 2020 Ballot Push
California, long viewed as one of the holy grails of the legal sports wagering industry, could turn operators' and gamblers' dreams into reality if a plan to legitimize the activity in the Golden State makes it onto the 2020 ballot. A bill...
Penn National Gaming COO Snowden Says Company is Having Conversations About Possible Tropicana Las Vegas Sale
Penn National Gaming (NASDAQ:PENN) is looking to reduce its debt burden, and part of that effort could include selling assets, such as the Tropicana Las Vegas. Prairie State Gaming, the company's video gaming terminal business in Illinois, has also been mentioned as...
Las Vegas Sands Will Retain Its Perch as Top Casino Gaming Company in Asia, Say Bernstein Analysts
Las Vegas Sands Corp. (NYSE:LVS) operates five integrated resorts in Macau and the Marina Bay Sands in Singapore. That gives it a commanding presence in the Asian gaming market, one analysts expect the company will retain for years to come. A team...
Vici, Gaming and Leisure Properties Ratchet up Funds From Operation Guidance
For the second time in as many quarters, Vici Properties Inc. (NYSE:VICI) increased its full-year funds from operations (FFO) guidance. It noted that the recent completion of the JACK Cincinnati purchase, among other factors, contributed to the higher forecast. Vici, the owner...
Abe Supporter Iwaya Sees Integrated Resorts Providing Significant Boost to Japan GDP
Takeshi Iwaya, a member of Prime Minister Shinzo Abe's Liberal Democratic Party, believes integrated resorts can be a boon for Japan's economic growth. Iwaya, who recently served as Japan's minister of defense and now leads a multi-party committee in the country's House...
MGM Resorts Earnings Seen as ‘Squishy,’ Draw Mixed Emotions From Noted Gaming Analyst
MGM Resorts International (NYSE:MGM) stock is slightly higher in midday trading. That comes a day after the company reported third-quarter results that missed Wall Street forecasts, while revealing some softness on the Las Vegas Strip. For the three months ending Sept. 30,...
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...
