3994 stories by Todd Shriber
Light & Wonder Board Green Lights Australia Listing
Slot machine manufacturer Light & Wonder (NASDAQ: LNW) said Tuesday that its board of directors signed off on a plan for a secondary equity listing in Australia. The company made the announcement in conjunction with reporting its first-quarter earnings. It’s been about...
Tropicana Las Vegas Reportedly New Site for A’s Ballpark, to Be Demolished
The Tropicana Las Vegas Hotel and Casino could be on borrowed time. The Oakland Athletics are reportedly altering their property choice for a new stadium in Sin City. Citing unidentified sources with knowledge of the matter, Howard Stutz of The Nevada Independent...
Wynn Q1 Results Bolstered by US Casinos, Resumes Dividend
The investment community usually views Wynn Resorts (NASDAQ: WYNN) as a Macau story. But it was the operator’s domestic casino resorts that supported its first-quarter results. For the first three months of 2023, Wynn notched a loss of 2 cents a share...
Portnoy Pushes Penn Stock Higher with Tweet Revealing Share Purchase
Scuffling Penn Entertainment (NASDAQ: PENN) notched a late-session rally Tuesday. That's after Barstool Sports founder David Portnoy took to Twitter to reveal he purchased a significant amount of shares in the regional casino operator on Monday. In what appears to be a...
Bally’s Plans IPO of Chicago Casino Aimed at Residents, Minorities
Bally’s (NYSE: BALY) has confidentially filed a Form S-1 with the Securities and Exchange Commission (SEC) for an initial public offering (IPO) of shares in its planned Chicago casino. The offering relates to the Host Community Agreement reached between the gaming company...
Full House Says Colorado Casino Chamonix to Open in December
In conjunction with its first-quarter earnings update, Full House Resorts (NASDAQ: FLL) said today it expects its Chamonix Casino Hotel in Cripple Creek, Colo. will open on Dec. 26. It will feature some restaurants familiar to Las Vegas locals and tourists. That...
DraftKings Lands 10 Price Target Hikes After Upping 2023 Guidance
DraftKings (NASDAQ: DKNG) earned at least 10 bullish price target revisions from sell-side analysts in the second trading day following the release of the company’s upped 2023 revenue guidance. The stock cooled off today, closing lower by 1.63%. Last Thursday, the sportsbook...
Colorado Legislature Controversially Revives Casino Credit Bill
Members of the Colorado state legislature controversially revived a thought-to-be-dead bill to allow the state’s casino operators to extend credit to customers. Making the resurrection of SB23-259 all the more contentious are several important points. First, the House initially voted 34-31 to...
Hofstra President Uses Tired Arguments to Blast Sands Long Island Casino Plan – Opinion
Hofstra University President Susan Poser will appear before the Nassau County legislature Monday. She’s expected to rip a plan by Las Vegas Sands (NYSE: LVS) to build a new casino hotel near the college in her testimony. Sands’ effort to develop a...
Churchill Downs Stock Could See Post-Kentucky Derby Lift
The stock is modestly lower Monday, but Churchill Downs (NASDAQ: CHND) could be a name to watch this week following its record-breaking Kentucky Derby handle. Including Saturday’s run for the roses, the broader slate of Derby day races and the Kentucky Derby...
