5359 stories by Todd Shriber
Genius Sports, NCAA Add to, Extend Relationship Through 2032
Data provider, NCAA extend partnership through 2032 Genius will be exclusive data provider for all NCAA post-season tournaments Genius Sports and the NCAA said today they’re expanding and extending their relationship through 2032. Financial terms of the agreement weren’t disclosed. In addition...
Churchill Pauses Multiyear Spending Plan, Citing Tariff Risks
Company halts multiyear expansion plan at Kentucky racetrack Cites tariffs, macroeconomic conditions as reasons for pause Shares of Churchill Downs (NASDAQ: CHDN) plunged Thursday after the gaming company told investors that it’s pausing a previously announced capital spending plan at its namesake...
Bally’s Updates Chicago IPO Prospectus, Warns of Legal Costs
Bally’s says Chicago IPO legal challenges could result in “substantial costs” No mention of allowing white men to participate Bally’s (NYSE: BALY.T) updated the prospectus for its controversial Chicago casino initial public offering (IPO), telling prospective investors it could face significant legal...
Sands Abandons NYC Casino Plan Citing iGaming Risks
Sands believes online betting could dilute land-based opportunity set in New York Company is seeking third party to take over its bid Las Vegas Sands (NYSE: LVS) may have shaken the gaming industry and New York City’s casino ambitions today when it...
Sands Nearly Doubles Size of Buyback Plan to $2 Billion
Casino operator lifts repurchase program to $2 billion from $1.1 billion Announcement made in conjunction with first-quarter earnings report Las Vegas Sands (NYSE: LVS) delivered first-quarter results after the close of US markets today with Macau casino giant also telling investors its...
Caesars, MGM PTs Lowered as Tariff Uncertainty Plagues Casino Stocks
Tariff volatility is pressuring casino stocks, including Las Vegas-focused operators Caesars, MGM pricing in dour consumer outcomes, says analyst Casino stocks have been drubbed this year as tariff-induced volatility has plagued the gaming complex as well as the broader market. Las Vegas-focused...
After Ides of March, DraftKings, Flutter Q1 Results Could Disappoint
March extends rough stretch for sportsbook operators First quarter could be seventh straight in which industry hold disappoints The house doesn’t always win, and it’s likely first-quarter earnings from sportsbook giants DraftKings (NASDAQ: DKNG) and Flutter Entertainment (NYSE: FLUT) will reflect as...
US Macau Concessionaries Not at High Risk of Revenge Tariffs
The three US-based Macau operators are unlikely to face retaliatory tariffs Data suggest bettors aren’t staying away from casinos run by those companies The three US-based Macau casino operators are among the companies caught in the crossfire of another US/China trade war,...
Elaine Wynn’s Death Sparks Question About Her Stock
She was the second-largest individual shareholder in Wynn Resorts No clarity as of yet regarding what becomes of her stake in the company Wynn Resorts (NASDAQ: WYNN) co-founder Elaine Wynn passed away last week at the age of 82 and her death...
Genius Sports Lands ‘Buy’ Rating in New Deutsche Bank Coverage
Stock is a play on “macro uncertainty” facing gaming industry Price target implies upside of about 20% Though it’s following other gaming equities lower on another rough day for stocks, Genius Sports (NYSE: GENI) landed a “buy” rating in new coverage by...
