5174 stories by Todd Shriber
Las Vegas Q4 GGR Unlikely to Surprise to Upside Amid Tough Comps
Following a tepid September reading of Nevada gross gaming revenue (GGR), some analysts believe there’s limited potential for Las Vegas Strip casino operators to materially surprise to the upside in the fourth quarter. In a new report to clients, Macquarie analyst Chad...
Aristocrat Wins UAE’s First Gaming Vendor Permit
Aristocrat Gaming, one of the world’s largest manufacturers of slot machines, said it was awarded the first international vender license in the United Arab Emirates (UAE). The permit was granted to the Australian gaming device maker by the General Commercial Gaming Regulatory...
Trump Media Stock Punishing Short Sellers
With shares of Trump Media & Technology Group (NASDAQ: DJT) -- the Republican presidential candidate’s social media company -- responding to positive news for the former president in betting market, the resurgent stock is punishing short sellers. Following a 21.59% gain today...
Robinhood Investing App Enters Election Betting Arena
With Election Day about a week away, Robinhood announced it’s the latest investing platform to throw its hat into the political wagering ring. Robinhood, the company behind a mobile investing application that’s highly popular with millennials and Gen Z, said today it...
Genting Singapore Credit Rating Supported by RWS, Says Moody’s
Momentum at Resorts World Sentosa (RWS) is supportive of Genting Singapore’s solid credit rating, according to Moody’s Investors Service. In a new report, the ratings agency affirmed its “A3” grade and “stable” outlook on the gaming company, noting the duopoly status Genting...
Rush Street Interactive Debuts PropPacks for NBA Parlays
BetRivers Sportsbook clients will have something new to look forward to when placing same-game parlay (SGP) bets this NBA season as parent Rush Street Interactive today announced its new PropPacks offering. PropPacks is a new digital game that BetRivers bettors can access...
GLPI Waiting on Bally’s for Stadium Casino Financing Updates
Gaming and Leisure Properties (NASDAQ: GLPI) said it’s waiting on Bally’s (NYSE: BALY) to provide updates on potential financing needs for a planned casino hotel at the site formerly occupied by the Tropicana on the Las Vegas Strip. Executives from the real...
Gateway Casinos Could Tap Private Credit Market for $1.8 Billion
Canada’s Gateway Casinos is reportedly mulling the issuance of $1.8 billion in private credit to trim existing liabilities and pay its owners a dividend. Bloomberg broke the news earlier today, citing unidentified sources familiar with the matter. Those sources said the casino...
Boyd Gaming Stock Hits New High as Las Vegas, Norfolk Underpin Growth
Shares of Boyd Gaming (NYSE: BYD) rallied Friday, a day after the casino operator delivered third-quarter results -- a report that highlighted growth opportunities in Las Vegas and Norfolk, Va. The stock closed higher by 7.85% on volume that was nearly triple...
Churchill Downs to Spend Up to $50M on New Kentucky HRM Venue
Churchill Downs (NASDAQ: CHDN) said it will spend as much as $50 million to build a new historical racing machine (HRM) establishment in Calvert City, Ky. The gaming company forecast expenditures of $40 million to $50 million on the HRM facility, which...
