4982 stories by Todd Shriber
Sands China Could Restart Dividend in 2025, Unlikely to Buy Out Minority Investors
Las Vegas Sands’ (NYSE: LVS) Sands China unit could resume dividends next year and the casino operator is unlikely to buy out minority investors. That’s the view of Seaport Research Partners analyst Vitaly Umansky. In a new report to clients following meetings...
Circa CEO Stevens Says Las Vegas Should Host First Week of CFP
Circa founder and CEO Derek Stevens believes Las Vegas is one of four cities that should be hosts to the first round of the College Football Playoff (CFP). This is the first year of the expanded 12-team playoff bracket format. Under the...
Gaming and Leisure Properties Bonds Sturdy, Says Research Firm
Debt issued by casino landlord Gaming and Leisure Properties (NASDAQ: GLPI) looks appealing despite a recent spate of new issuance. In a new note to clients, GimmeCredit analyst Kim Noland acknowledged that it’s been a brisk summer for the real estate investment...
South Carolina Hoping Third Time’s Charm with Sports Betting
South Carolina lawmakers are ready to give sports wagering legislation another chance when the General Assembly starts a new session in January. Two recent efforts to bring mobile sports betting to the state failed, but with neighboring North Carolina surpassing expectations, South...
BetMGM Nevada Wallet Now Usable in Other States
BetMGM announced Thursday that the digital wallet on its Nevada sports wagering mobile application is now transferrable to other states in which the company books bets. That means bettors that sign up for a BetMGM account in Nevada can use the same...
Texas Sports Betting: Lone Star Long Shot Over Near-Term
Hopes that Texas could put the issue of online sports betting to voters in November 2025, positioning the state for launch in advance of the 2026 football season, appear to be dashed as the State Senate remains a barrier. Last year, the...
Genting NY Casino Bid Could Be Hindered by Las Vegas Controversy, Says CIMB
Genting Bhd’s effort to procure one of the three downstate casino licenses in New York could be damaged by potential regulatory discipline the operator faces in Nevada, according to CIMB Securities. Last week, the Nevada Gaming Control Board (NGCB) said it is...
NFLPA Suit Against DraftKings Could Stem from Defunct NFT Product
The NFL Players Association (NFLPA), the labor union for the league’s athletes, filed suit against DraftKings (NASDAQ: DKNG) and could seek financial damages relating to the recent closure of the gaming company’s nonfungible tokens (NFTs) marketplace. In late July, the online sportsbook...
Penn Entertainment Bonds Not Inspiring, Says Analyst
Amid lethargy in its interactive division and solid though not spectacular results from its land-based casinos, Penn Entertainment's (NASDAQ: PENN) corporate debt may not offer much in the way of near-term upside. That’s the take of GimmeCredit analyst Kim Noland. In a...
DraftKings Stock Poised for Football Season Bump, Say Analysts
Sports wagering stocks, including DraftKings (NASDAQ: DKNG), are a relatively young asset class, but youth aside, the group is subject to clear seasonal trends. Those include the start of football season often acting as catalyst. Prosaic as that thesis is and it...
