5039 stories by Todd Shriber
Caesars Q2 Revenue Climbs As Sports Betting, Strip Food And Beverage Offset Weak Vegas Table Volumes
Caesars Entertainment Corp. (NASDAQ: CZR) said its second-quarter revenue rose almost five percent to $2.22 billion, beating Wall Street's forecast by $10 million, on the back of expanded sports betting offerings at its regional properties and strong hotel and food and beverage...
Philadelphia 76ers Star Ben Simmons Denied Entry at Crown Casino in His Native Australia
Philadelphia 76ers All-Star Ben Simmons said he was not allowed to enter the Crown Casino in Melbourne, Australia, claiming that he and several friends were denied admittance to the property because of their race. Simmons, who was born in Melbourne, and three...
Ladbrokes Coral Social Responsibility Failings Could Harm Credit Rating for GVC Holdings
GVC Holdings Plc, the owner of bookmaker Ladbrokes Coral, could face credit rating issues if the company doesn't take adequate steps to prevent money laundering and protect gamblers vulnerable to addiction. In late July, the UK Gambling Commission hit GVC with a...
Apple Card Users Won’t Be Able to Buy Casino Chips, Bet The Ponies or Buy Bitcoin
Apple Inc.'s highly anticipated credit card, expected to be launched later this month, will not be usable at casinos to buy chips or at racetracks to make bets. Goldman Sachs, the issuing bank of the Apple Card, released its cardholder agreement Friday,...
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...
