5081 stories by Todd Shriber
Monarch Casino Mulling Acquisitions, Sees Strength in Colorado
Monarch delivered strong fourth-quarter earnings on Wednesday, driving share prices higher A strong balance sheet has Monarch considering new acquisitions Monarch currently owns two properties -- Atlantis in Reno and Monarch Casino in Black Hawk, Colo. Shares of Monarch Casino & Resort...
Red Rock Sees $120M Durango Expansion Completed by Early 2026
The expansion at Durango Casino & Resort is expected to be finished by January 2026 Durango’s cannibalization of other Red Rock properties is in line with estimates The property’s margins are robust and expanding Red Rock Resorts (NASDAQ: RRR) said its $120...
Reality Bets: More Gen X Bettors Get Into Sports Wagering
Gen X is getting more involved in sports betting. Data indicate millennials’ share of the market decreased in the fourth quarter. Sportsbook operators often gear marketing and promotional efforts to younger demographics. Namely millennials and Gen Z, but data indicate it’s older...
FanDuel Took 16.6M Super Bowl Bets, 19% Increase from 2024
FanDuel clients placed 16.6 million bets on the Super Bowl. The unit of Flutter Entertainment is the biggest internet sportsbook in the US. Flutter Entertainment’s (NYSE: FLUT) FanDuel processed 16.6 million bets on Super Bowl LIX, marking a 19% year-over-year increase. FanDuel,...
Genting, MGM Seen as Leaders for New York Casino Licenses
Empire City, Resorts World viewed as leaders in New York City casino competition. Sands bid strong, but water usage could be red flag. Times Square casino proposal also seen as viable. Gaming venues operated by Genting and MGM Resorts International are considered...
Sands Exec Says Doncic Was Poor ‘Character’ Fit for Mavs
Dallas Mavericks Governor Patrick Dumont mentioned Luka Doncic’s work ethic as justification for trading the star The Sands executive said he wants hard-working, character-first players on the team He reiterated the franchise will remain in Dallas In his first interview since the...
Eagles Win Leads to Weak Super Bowl Hold for Sportsbooks
The Philadelphia Eagles victory over the Kansas City Chiefs in Super Bowl LIX led to decreased hold for sportsbooks The game still likely provided long-term benefits for sportsbooks The Philadelphia Eagles trounced the Kansas City Chiefs in Super Bowl LIX, making a...
iGaming, Sports Betting Markets Seen Swelling to $26.8B in 2025
The domestic iGaming and online sports betting markets could notch combined gross revenue of $26.8 billion this year on their way to topping $41 billion by 2028, according to Vixio Regulatory Intelligence. Vixio notes the US internet sports wagering segment could post...
Standard General Wraps Up $4.6 Billion Bally’s Acquisition
Bally’s (NYSE: BALY) and Standard General announced today that the investor completed its $4.6 billion takeover of the regional casino operator. Standard General, the hedge fund that’s the largest Bally’s shareholder, offered $15 a share for the gaming company last March before...
Wynn Lands $2.4 Billion in Financing for UAE Casino Resort
Wynn Resorts (NASDAQ: WYNN) announced Thursday that it procured a $2.4 billion construction loan for its planned casino resort in the United Arab Emirates (UAE), meaning financing for the project is completed. The loan, which is denominated in both dollars and dirham,...
