3977 stories by Todd Shriber
Queens Councilman Moya Supports Cohen Casino Plan, But Ramos Still Holding Out
Queens Councilman Francisco Moya (D- 21st Council District) said Thursday he supports Steve Cohen’s vision to the transform the Willets Point area into a sprawling, $8 billion entertainment complex including a casino hotel. Moya, whose district includes Corona, East Elmhurst, Jackson Heights,...
Las Vegas Sands Starts Petition Drive to Bring Casinos to Texas
Las Vegas Sands (NYSE: LVS), the largest domestic gaming company by market capitalization, has filed a new petition to bring casino gaming to Texas. The Las Vegas-based gaming company is behind the Texas Destination Resort Alliance, which wants to give Texans the...
MGM CEO Bill Hornbuckle Among US Bosses Who Met with Chinese Leader Xi
MGM Resorts International (NYSE: MGM) CEO Bill Hornbuckle was a part of a group of chief executive officers of U.S.-based companies that met with Chinese President Xi Jinping in Beijing on Wednesday. Other participants included Blackstone Group CEO Stephen Schwarzman, Chubb CEO...
DraftKings Would Feel Little Impact from College Prop Betting Ban, Say Analysts
A proposed ban on college proposition wagers would likely have minimal impact on DraftKings (NASDAQ: DKNG), according to sell-side analysts covering the company. Several analysts chimed in on the matter on Thursday. That was a day after shares of the online sportsbook...
Long Island Casino Opponents Love New York Licensing Delays
On Monday, reports surfaced that it’s likely to be late 2025 before the New York Gaming Commission (NYGC) makes decisions on the winners of three downstate casino permits. That’s much to the liking of groups opposing a gaming venue on Long Island....
DraftKings, Flutter Hammered by Blumenthal Letter, NCAA Prop Bet Ban Idea
While most gaming stocks rallied, shares of DraftKings (NASDAQ: DKNG) and Flutter Entertainment (NYSE: FLUT) slumped Wednesday. That's amid concerns U.S. sports betting operators could be subject to increased federal oversight and more regulatory hurdles. In late trading, both stocks were lower...
Bally’s Credit Rating, Outlook Downgraded by Moody’s
Bally’s (NYSE: BALY) credit rating was downgraded further into junk territory and the outlook on that grade was lowered to “negative” from “stable” by Moody’s Investors Service on Monday. The research firm now rates the regional casino operator “B2” down from “B1.”...
MyPrize Crypto Casino Raises $13M, Enterprise Value Soars to $140M
Cryptocurrency casino operator MyPrize said Tuesday it raised $13 million across two financing rounds, bringing its enterprise value to $140 million. That valuation is based on the company’s “fully diluted equity capitalization, plus the implied fully diluted value of warrant.” Founded by...
Churchill Downs, Penn Entertainment Lauded in New Coverage by Mizuho
Churchill Downs (NASDAQ: CHDN) and Penn Entertainment are among the batch of gaming stocks viewed favorably in new coverage by Mizuho. Analyst Ben Chaiken initiated coverage of more than a half dozen gaming names, including Churchill and Penn, citing the expansion of...
Bragg Gaming Forms Committee to Explore Possible Sale
Bragg Gaming (NASDAQ: BRAG) announced on Tuesday the formation of a special committee to explore strategic alternatives, including a potential sale. Comprised of board members, the committee will be led by Director Don Robertson. It arrives with the small-cap gaming stock up...
