4794 stories by Todd Shriber
Codere Online Trouncing de-SPACed Gaming Competition
Broadly speaking, it’s been a rough year for gaming equities, including those that came public via reverse mergers with special purpose acquisition companies (SPACs), but Codere Online Luxembourg (NASDAQ: CDRO) stands out. The Spanish sportsbook operator, which went public on Dec. 1,...
Thailand Could Have 30-Year Casino Licenses, Opens Public Comment Period
Should the country formally approve casino resorts, Thailand could grant operators 30-year permits. That detail was included as part of broader draft rules the government there released for public comment lasting through Aug. 18. Gaming companies that are granted permits to operate...
Rush Street Interactive Takes Shot at DraftKings, Says No Surcharge
In a clear shot at rival DraftKings (NASDAQ: DKNG), Rush Street Interactive (NYSE: RSI) announced Monday it has no plans to implement a surcharge on sports wagers. Rush Street Interactive’s proclamation arrived after DraftKings said last Thursday that it’s planning to launch...
DraftKings Sell-Off Could Spell Opportunity, Says Analyst
Last Friday, shares of DraftKings (NASDAQ: DKNG) slumped 9.78% after the company unveiled a plan to add a new levy on winning sports wagers in four states with high tax rates. That slide sent the stock to a weekly loss of 11.79%...
Declining Credit Scores, More Bankruptcies in Sports Betting States, Says UCLA, USC
Consumers in states with legalized sports wagering are experiencing declines in credit scores and an uptick in bankruptcy filings, according to a new study by the University of California Los Angeles (UCLA) and the University of Southern California (USC). To date, the...
Wynn Resorts Stock Has Dubious August History
August is just two days old, but Wynn Resorts (NASDAQ: WYNN) has notched consecutive lower closes to start the month, indicating the stock could be poised to live up to a rough August track record. With the gaming equity trading at its...
VICI Declines Option to Buy Caesars Indiana Casinos
VICI Properties (NYSE: VICI) won’t exercise its rights to acquire the property assets of two Indiana gaming venues currently owned and operated by Caesars Entertainment (NASDAQ: CZR). On the company’s second-quarter earnings conference call late Wednesday, CEO Edward Pitoniak told analysts the...
DraftKings Unveils $1B Buyback, Bettor Surcharge in High-Tax States
DraftKings (NASDAQ: DKNG) told investors Thursday that it could repurchase up to $1 billion of its shares and that it will implement a surcharge on bettors in several states with high sports wagering taxes. The Boston-based gaming company said the surcharge will...
Caesars Selling World Series of Poker for $500 Million
Caesars Entertainment (NASDAQ: CZR) announced today that it’s selling the intellectual property rights associated with the World Series of Poker (WSOP) to investment firm NSUS Group Inc. for $500 million. The deal price consists of $250 million in cash and a $250...
Greenbrier Hotel Heads to Auction Block, Senate Candidate Justice Blames Politics
The Greenbrier Hotel in White Sulphur Springs, W. Va. is in default and could be auctioned off to the highest bidder. The property is home to one of the state’s four casinos. Gov. Jim Justice (R-WV) -- the frontrunner in the state’s...
