5174 stories by Todd Shriber
Golden Entertainment Joins Gaming Buyback Boosting Barrage
Golden Entertainment (NASDAQ: GDEN), operator of The Strat casino hotel near the Las Vegas Strip, is the latest gaming company to increase the size of its share repurchase program. In conjunction with the release of its third-quarter earnings, Golden said its board...
DraftKings Tumbles After Lowering 2024 Guidance
The house doesn’t always win. DraftKings’ (NASDAQ: DKNG) after-hours tumble proves as much as shares of the online sportsbook operator slid after the company lower its 2024 earnings and revenue guidance, citing good fortune by clients in the current quarter. In extended...
Full House Stock Testing Patience, Long-Term Outlook Bright
As most gaming stocks gained or were mostly flat on Thursday, shares of Full House Resorts (NASDAQ: FLL) sank after the regional casino operator reported weaker-than-expected third-quarter results late Wednesday. In late trading, the stock is off 8% on volume that’s double...
Social Casinos Sees Liberalized Ad Rules on Google
Google, the world's largest internet search provider, is removing social casino mobile applications from its sensitive wagering category, allowing operators of such apps to customize advertisements. The change goes into effect on December 4. The move is an update to Google’s “sensitive...
Missouri Vote Stokes Sports Betting Stock Rally
Sports betting stocks rallied Wednesday after voters in Missouri passed an amendment to legalize regulated sports wagering in the state. In midday trading on Wednesday, shares of DraftKings (NASDAQ: DKNG) were higher by 3% while FanDuel parent Flutter Entertainment (NYSE: FLUT) was...
Polymarket Paid Influencers to Drive Election Betting
Polymarket, the popular cryptocurrency-based political betting platform, paid social media influencers to drive engagement ahead of this year’s presidential election. Citing messages between Armand Saramout, Polymarket’s senior director of growth, and select social media personalities, Bloomberg News broke the story earlier today....
Century Casinos Extends Rally as Analysts See Room for 2025 Upside
After soaring nearly 12% Monday on the back of a solid third-quarter earnings report, Century Casinos (NASDAQ: CNTY) extended that rally on Tuesday, at one point trading at its highest levels since January after analysts noted there’s a path for the stock...
MGM Investor Barry Diller Criticizes WaPo Over Endorsement Flap
The chairman of IAC/InterActiveCorp (NASDAQ: IAC), the company that’s the largest shareholder of MGM Resorts International (NYSE: MGM), wasn’t pleased with The Washington Post’s decision to not endorse a presidential candidate this year. IAC Chairman Barry Diller, a major donor to the...
Dotty’s Operator Wins $3 Million Tax Refund from Nevada Regulator
The Nevada Gaming Commission (NGC) unanimously voted in favor of refunding $3.12 million in overpaid taxes to Nevada Restaurant Services Inc., the operator of the ubiquitous Dotty’s gaming taverns. As part of the settlement, privately held Nevada Restaurant Services agreed to forgo...
Wynn Lifts Buyback Plan to $1B as Q3 Earnings Miss Estimates
Shares of Wynn Resorts (NASDAQ: WYNN) dipped in Monday’s after-hours session despite the casino operator announcing it boosted its share repurchase program to $1 billion. Disappointing third-quarter results triggered the selloff. As of this writing, the gaming stock was down 3.45% in...
