5135 stories by Todd Shriber
ESPN Bet Making Strides, Says Analyst
The 2024 football season was widely viewed as a major test for Penn Entertainment’s (NASDAQ: PENN) ESPN Bet and with the NFL campaign entering its fifth week, it appears the online sports betting entity is making progress. In a new report to...
Light & Wonder CEO Says Company Pulling ‘Dragon Train’ Slots in North America
Shares of Light & Wonder (NASDAQ: LNW) jumped 4.39% on above-average volume Friday after CEO Matt Wilson updated investors on the company’s next steps relating to “Dragon Train” litigation. In late September, Aristocrat Technologies won a preliminary injunction that bars Light &...
James Bay Sues Wynn Resorts, Latest in David Bunevacz Saga
James Bay Resources Ltd., a Canadian natural resources company, has filed a statement of claim in Ontario’s Superior Court of Justice against Wynn Resorts -- the latest legal move stemming from the saga of conman David Bunevacz. The Toronto-based company said it...
BetMGM Making iGaming Strides
As measured by downloads of mobile applications, BetMGM is making progress in getting its online casino offering in front of more bettors. Citing Sensor Tower data, Eilers & Krejcik Gaming (EKG) noted that through the first three weeks of the 2024 NFL...
Macau Casino Stocks Have More Room to Rally, Says Analyst
Macau casino stocks surged last week with the help of monetary easing by the People’s Bank of China (PBOC) and fresh stimulus measures, but one analyst sees more upside ahead for the group. In a new report to clients, CBRE Equity Research...
Thailand Confirms It Wants Global Casino Giants to Bid for Licenses
A Thai finance leader is pushing policymakers to ready casino gaming legislation by the middle of this month, and he’s making clear it should include provisions to allow global companies to bid for licenses in the Southeast Asian nation. Deputy Finance Minister...
MGM Stock Faces Challenges, Still Attractive Long-Term Growth Story, Says Analyst
Shares of MGM Resorts International (NYSE: MGM) are down 11.32% year to date. That’s a dour showing relative to the gains of 20.8% and 12.3%, respectively posted by the S&P 500 and the S&P Consumer Discretionary Select Sector index -- gauges in...
Sphere Entertainment Stock Surges on Upgrade
Shares of Sphere Entertainment (NYSE: SPHR) soared Wednesday after Wolfe Research upgraded the operator of the Las Vegas entertainment venue. The stock closed higher by 7.25% on volume that was nearly double the daily average after Wolfe boosted its rating to "outperform"...
Caesars to Repurchase Up to $500M in Stock, Sell $1B in Debt
Caesars Entertainment (NASDAQ: CZR) announced Wednesday that its board of directors approved a $500M share buyback program and that it will sell $1 billion in corporate bonds. It's the first new return of capital to shareholders by the gaming company in several...
Gaming Execs Expect Decline in Consumer Activity, Reduced Hiring
Gaming executives are constructive on current conditions in the industry, but more subdued in their outlooks for the next couple of quarters with some forecasting retrenchment in consumer spending. In the latest edition of the American Gaming Association’s (AGA) Gaming Industry Outlook,...
