Areas of Expertise
3916 stories by Todd Shriber
WynnBET Makes Debut in West Virginia
Wynn Resorts’ (NASDAQ: WYNN) WynnBET unit announced Thursday that its internet casino and online sports wagering offerings are live in West Virginia. Bettors in that state can download the WynnBet app through the Apple and Google Play stores or register for an...
Macau June GGR Could Surprise to Upside, Says Analyst
Macau’s June gross gaming revenue (GGR) could potentially surprise to the upside after the May figure reached the highest level since January 2020. In a new report to clients, Roth MKM analyst Edward Engel said Macau’s GGR report for the sixth month...
Genting Miami Property Sale Falls Apart as Commercial Real Estate Risk Rises
Genting Malaysia’s planned $1.23 billion sale of 16.5 acres of prime South Florida real estate was slated to be one of the largest commercial property transactions in the region’s history. Now, the deal is off. In a Thursday filing to Malaysian securities...
Illinois Casino Outlook Steady as New Supply Comes to Market
Outside of Nevada, Illinois is one of the largest land-based casino markets in the US -- heft that’s increasing with new venues coming online. A sell-side analyst sees vibrancy in the state’s gaming industry. That’s relevant at a time when Danville, Rockford,...
Macau Recovery Brisker Than Expected, Says Citigroup
Some analysts and gaming industry observers are concerned about tepid levels of visitation to Macau. But Citigroup suggests investors filter out the noise and focus on what are increasingly sturdy fundamentals of the six concessionaires. In a recent note to clients, Citi...
Bally’s Temporary Chicago Casino Stirs Crime, Traffic Fears
Last week, the Illinois Gaming Board (IGB) approved Bally’s plan to build a temporary casino at Medinah Temple in Chicago’s River North neighborhood. But locals are fearful the gaming venue will cause increased crime and traffic congestion. The Rhode Island-based gaming company...
Fanatics Likely to Up Offer, Ultimately Win PointsBet US, Says Research Firm
PointsBet (OTC: PBTHF) said Sunday it will discuss the sale of its US business to DraftKings (NASDAQ: DKNG). But a research firm believes Fanatics, the original bidder for the unit, will submit a new proposal and ultimately emerge victorious. In the latest...
Las Vegas 2022 International Visitors Led By Canada, Mexico, UK
Mexico and Canada, the southern and northern neighbors of the US, accounted for more than half of the international visits to Las Vegas in 2022. Recently released data from the Las Vegas Convention and Visitors Authority (LVCVA) indicates 3.4 million tourists from...
Bally’s Stock Slump Could Spell Opportunity, Says Analyst
Off nearly 10% over the past week and 23.79% year to date, Bally’s (NYSE: BALY) stock is mired in a lengthy slump. The year-to-date loss makes Bally’s one of the worst-performing casino operators since the start of 2023. The stock’s recent weakness...
DraftKings Wrigley Field Sportsbook Days Away from Opening
The DraftKings Sportsbook at Wrigley Field, home of the Chicago Cubs, is scheduled to open to the public on June 27. The retail sportsbook is part of a broader 10-year, $100 million marketing deal between the gaming company and the Major League...