5402 stories by Todd Shriber
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...
Ramos Says Queens Casino Could Win Without Her Help
State senator has opposed parkland alienation legislation Admits Metropolitan Park could come to life despite her objections She’s a New York City mayoral candidate State Sen. Jessica Ramos (D-Queens), the New York politician that’s long objected to a proposed casino hotel in...
MLB Union Pushes Judge to Scrap DraftKings NIL Appeal
MLB Players Association (MLPBA) asks federal judge to reject DraftKings’ NIL appeal effort Court ruled against the gaming company’s motion to dismiss last month Original suit was filed in September 2024 The Major League Baseball Players Association (MLPBA) is asking a federal...
DraftKings Yanks Prediction Markets Application
Decision comes eight months after application was filed Sportsbook operator pulls application as legal challenges mount against Kalshi DraftKings (NASDAQ: DKNG) pulled an application submitted to the National Futures Association (NFA) that had it been approved, would have set the stage for...
New York Pol Proposes Sports Betting Limits, $5,000 Daily Cap
Democrat assembly member wants to cap daily betting activity and deposits His bill also calls for major restrictions on advertising by the industry A New York politician is proposing sweeping restrictions on the online sports wagering industry and on bettors in the...
