5034 stories by Todd Shriber
Norwegian Pension Fund Sheds Gaming Stocks from Portfolio
Kommunal Landspensjonskasse (KLP), Norway's largest pension fund, said it will ditch its investments in alcohol companies and casino operators as part of its ongoing effort to align its portfolio with environmental, social, and governance (ESG) investing principles. KLP, which is the pension...
Cosmopolitan Las Vegas Issues Apology to Meek Mill for Banning Rapper from Casino
Just days after the Cosmopolitan denied hip hop star Meek Mill entry to a concert it was hosting, the Las Vegas hotel and casino took to Twitter to issue an apology, saying it had "zero tolerance for discrimination." The rapper, whose legal...
Concerns Raised Over Sports Betting Platform Contract Awarded by Oregon Lottery
The Oregon Lottery is pushing forward with its effort to bring legalized sports wagering to the state. However, critics believe the state is doing so with assistance from a foreign company with potentially dubious business practices. Last week, Oregon Lottery Director Barry...
Video Purportedly Shows Sports Bettor Holzhauer Losing on ‘Jeopardy!’
In news that has various social media platforms buzzing Monday, leaked footage from the day's scheduled episode of “Jeopardy!” appears to show professional sports bettor James Holzhauer losing, thus ending the run of one of the show’s most dominant players. Leaked footage...
As Potential Suitors Circle, Caesars Stock Remains Hedge Fund Favorite
With Caesars Entertainment being discussed as an acquisition target, hedge funds remain fans of the stock. A report from Jefferies, an investment bank and brokerage firm, highlights new holdings established by high and low turnover hedge funds in the first quarter. High...
Armenia Protestors Challenge Parliament Effort to Enact Big Gambling Restrictions
Armenia's parliament is considering legislation that could further restrict gaming establishments in the Eastern European nation. The legislation, introduced last October, is the latest in a series of efforts by Armenian politicians to crackdown on betting parlors and casino gaming venues across...
India Court Decides to Continue Allowing Online Wagering, But Commissions Further Review
A court in India voted Wednesday against a temporary ban on online wagering, opting instead to allow the activity to continue while requesting additional guidance from policymakers on the legality of games of chance. Avinash Mehrotra, an Indian social activist, petitioned the...
Analyst: Odds Looking Good for Eldorado Resorts to Buy Caesars Entertainment
The possibility of Eldorado Resorts, Inc. (NASDAQ: ERI) acquiring Caesars Entertainment Corp. (NYSE: CZR) is increasing, according to a gaming and lodging analyst. “We believe the likelihood for an ERI/CZR pairing has increased and we believe this transaction would be a net...
Controversy Follows Arapaho Business Council Decision on Wyoming Casino CEO
Wind River Hotel and Casino CEO Jim Conrad can keep his current position at the helm of Wyoming's largest gaming venue until the end of June, but there is some controversy regarding whether he will continue on past June 30. Following a...
SciPlay Stock Offering Considered Attractive Bet Among Wall Street Analysts
SciPlay Corp, the maker of mobile and online casino games which is a unit Scientific Games, launched an initial public offering (IPO) earlier this month and is already drawing bullish commentary from Wall Street analysts. Over the past five days, 10 analysts...
