4975 stories by Todd Shriber
SL Green Seeking Loan Extension for Site of Proposed Caesars Casino
SL Green (NYSE: SLG), the real estate partner in a proposed effort to bring a casino hotel to Times Square, is looking for an extension on a $743 million loan tied to the New York City property. A recent report from Morningstar...
Louisiana Sports Betting Tax Hike Proposal Meets Quick Death
A proposal to raise Louisiana’s sports betting tax to 51% has quickly been scrapped due to pressure from the gaming industry. On Monday, Rep. Roger Wilder III (R-Livingston Parrish) proposed House Bill 22 (HB 22), which sought to more than triple the...
Red Rock Says No Tax on Tips Could Add $200M to Las Vegas Economy
Red Rock Resorts (NASDAQ: RRR) executives believe the no tax on tips policy floated during the 2024 presidential campaign could juice the Las Vegas economy by as much as $200 million. That idea was originally floated by President-elect Donald Trump and later...
Penn Entertainment Downgraded as BofA Sees Muted Risk-Reward
Shares of Penn Entertainment (NASDAQ: PENN) traded lower today after Bank of America pared its rating on shares of the regional casino operator. In a new report to clients, analyst Shaun Kelley downgraded Penn to “neutral” with a price target of $22....
Sphere Threat Prompts Dolan to End Oak View Agreement
Sphere Entertainment (NYSE: SPHR) boss James Dolan has reportedly ended an agreement with a private equity firm that’s working to bring an NBA team to Las Vegas because he believes that effort could result in a venue rivaling the Sphere. The New...
Flutter Q3 Results Easily Top Wall Street Estimates
Shares of Flutter Entertainment (NYSE: FLUT) rallied in extended trading on Tuesday after the gaming company reported third-quarter results that soundly beat Wall Street forecasts. The FanDuel parent said it earned 43 cents per share on revenue of $3.25 billion during the...
Genius Sports Soars on Surprise Profit, Upped Outlook
Shares of Genius Sports (NYSE: GENI) surged Tuesday after the company posted a surprise third-quarter profit while upping its 2024 financial guidance. On a day when most gaming stocks succumbed to some profit-taking, shares of the sports betting data provider were up...
Endeavor CEO Ari Emanuel Buys Sports Betting Units at Big Discount
Endeavor Group Holdings, Inc. (NYSE: EDR) announced that it's selling its IMG Arena and OpenBet sports betting businesses to a group led by CEO Ari Emanuel. The sale price is $450 million. OB Global Holdings LLC is the buyer, and that group...
Louisiana Pol Proposes Massive Sports Betting Tax Hike
Sports betting industry observers likely didn’t have Louisiana considering a major tax increase on their 2024 bingo cards, but it’s possible following newly filed legislation. On Monday, Rep. Roger Wilder III (R-Livingston Parrish) proposed House Bill 22 (HB 22), which if enacted,...
Inspired Entertainment Stock Could Inspire More Gains
Relative to other gaming stocks, Inspired Entertainment (NASDAQ: INSE) leads a somewhat nondescript existence, but some analysts believe the shares deserve more acclaim. Toiling in anonymity is often a fact of life for stocks with market capitalizations of $277.74 million – where...
