4979 stories by Todd Shriber
Jim Murren to Lead New Resorts World Las Vegas Board
Resorts World Las Vegas announced the formation of its first board of directors, which will be chaired by former MGM Resorts International CEO Jim Murren. Genting Berhad, parent company of the Las Vegas Strip casino hotel, added that Alex Dixon, a 20-year...
Boyd Gaming Adds $500M to Buyback Plan
Shares of Boyd Gaming (NYSE: BYD) rose in Thursday’s after-hours session after the regional casino operator announced the addition of $500 million to a previously unveiled share repurchase program. Boyd also declared a quarterly dividend of 17 cents per share, which was...
Sphere Stock Slides Following Short Recommendation
Shares of Sphere Entertainment (NYSE: SPHR) slipped Thursday after a research firm recommended shorting the recently slumping stock. In a note to clients, Hedgeye analyst Andrew Freedman said the operator of the Las Vegas Strip entertainment venue faces an array of headwinds,...
ESPN Bet, Fanatics Making Inroads with Key Demographics
DraftKings and FanDuel are the giants in the US online sports betting market, amounting to a duopoly that controls more than 70% of total wagers, but some rivals are making inroads among key segments. In Morgan Stanley’s recently released third biannual sports...
Robinhood CEO Says Broker is Examining Sports Betting
At the company’s investor day on Wednesday, Robinhood (NASDAQ: HOOD) CEO Vlad Tenev said the firm is evaluating avenues to get into sports betting. Tenev told shareholders that the purveyor of the popular investing mobile application is "keenly looking" for ways to...
Yang Says Sports Betting Harming American Men, More Regs Needed
Former Democratic presidential and New York City mayoral candidate Andrew Yang believes sports wagering is having adverse effects on American men and that states should do a better of job regulating the industry to prevent further harm. In an editorial for Newsweek,...
Resorts World Las Vegas Endures Dismal Third Quarter
Citing “an abnormally hot summer in Las Vegas and economic uncertainty in an election year,” the operator of Resorts World Las Vegas disclosed to investors that the third quarter was the casino hotel’s worst three-month stretch in two years. In a new...
DraftKings Flirting with Nasdaq 100 Index Inclusion
The annual reconstitution process for the widely followed Nasdaq 100 Index (NDX) commenced last Friday and it’s possible that when the results are released on December 13, DraftKings (NASDAQ: DKNG) will get a promotion to that gauge. DraftKings making the leap to...
Wyoming Could Enter iGaming Fray in 2025
A Wyoming policymaker is expected to reintroduce iGaming legislation in 2025, potentially positioning the state to join the small group that currently permits that form of wagering. On the heels of a gaming expansion study sponsored by the Wyoming Gaming Commission (WGC),...
Long Island Casino Public Meeting Slated for Dec. 9
Nassau County residents will get their chance to sound off on Las Vegas Sands’ proposal to build a casino hotel at the site of Nassau Coliseum in Uniondale, NY at a public meeting of the county legislature on Monday, December 9. Scheduling...
