5174 stories by Todd Shriber
Wynn UAE Casino Could Kick Start World’s Fourth-Largest Gaming Market
Wynn Resorts’ (NASDAQ: WYNN) under construction casino resort in Ras Al Khaimah, United Arab Emirates (UAE) could position the emirate to become the fourth-largest gaming market in the world. That’s the take of Max Tappeiner, president of Wynn Resort Al Marjan Island....
Bally’s Selling Asia Digital Gaming Operations
Bally’s (NYSE: BALY) said it is selling its Asian interactive gaming business, which also operates in other markets, to a group comprised of executives from the to-be-divested entity. Financial terms of the transaction weren’t disclosed, but Bally’s noted the sale will be...
ESPN, ESPN Bet Debut Accounting Linking
Sports broadcasting giant ESPN and Penn Entertainment’s ESPN Bet announced Friday that customers with accounts on both platforms can now link those accounts for what the companies hope will be a deeper, more entertaining wagering experience. ESPN Bet clients who link their...
VICI Properties Again Lifts AFFO Guidance
VICI Properties (NYSE: VICI), the largest owner of casino real estate, slightly increased its 2024 its 2024 adjusted funds from operations (AFFO) guidance for the second time this year. For at least the second time this year, the real estate investment trust...
DraftKings Earnings: Expect Another Beat, Increased Guidance
DraftKings (NASDAQ: DKNG) steps into the earnings confessional on November 7 and when the sportsbook operator delivers third-quarter results, some analysts expect it will extend its precedent of beating estimates while lifting future forecasts. Stifel analyst Jeffrey Stantial is part of that...
Aristocrat Brings First $2M Dragon Link Slots to Venetian Las Vegas
A new iteration of Aristocrat Gaming’s beloved Dragon Link slot machines is coming to the Venetian Las Vegas and it could be a life-changer for some lucky bettors. The Australia-based gaming device maker announced today that the first Dragon Link slots with...
Rush Street Interactive Rallies on Upped Guidance, Buyback Plan
Shares of Rush Street Interactive (NYSE: RSI) surged in Wednesday’s after-hours trading session after the gaming company boosted its 2024 earnings guidance while announcing a $50 million share buyback plan. In conjunction with the release of its third-quarter results, the BetRivers parent...
MGM Continues Buying Back Shares as BetMGM Revenue Soars
MGM Resorts International (NYSE: MGM) delivered third-quarter results today, highlighting to investors its ongoing share repurchase efforts and revenue growth at its BetMGM unit. Helped by its MGM China unit, the Bellagio operator posted record consolidated net revenue of $4.2 billion for...
Jim Chanos, Short Seller and Democrat Donor, Rips Election Betting Markets
Jim Chanos, one of the most accomplished short sellers in the history of US financial markets, has a bone to pick with election betting platforms and his political leanings might be why. Citing data from Kalshi, which indicated Tuesday it had taken...
Caesars Unloading LINQ Promenade for $275 Million
Caesars Entertainment (NASDAQ: CZR) announced that it is selling the LINQ Promenade on the Las Vegas Strip for $275 million as part of the gaming company’s ongoing debt reduction efforts. A joint partnership comprised of TPG Real Estate and Acadia Realty Trust...
