5136 stories by Todd Shriber
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,...
bet365 Debuts Denver HQ, Plans to Fill 1,000 Jobs
bet365 has selected Denver as its US headquarters and plans to hire nearly 1,000 people in the years ahead in Colorado’s largest city. The UK-based gaming giant already has an office in Denver where about 50 people are employed, but its official...
Churchill Downs Could Be Boosted by New Derby Projects
Shares of Churchill Downs (NASDAQ: CHDN) could get a lift from the operator’s plans to continue improving its namesake Kentucky racetrack in advance of the Kentucky Derby next May. Truist Securities analyst Barry Jonas recently met with Churchill executives at the storied...
UAE Casinos Could Post $5B in GGR, Rival Singapore, Says Morgan Stanley
Casino resorts in the United Arab Emirates (UAE) could potentially notch annual gross gaming revenue (GGR) of $3 billion to $5 billion, perhaps rivaling Singapore on that basis, according to recent estimates by Morgan Stanley. The bank didn’t say how many gaming...
NY Regulator Monitoring Resorts World, Wynn Legal Situations
Resorts World Las Vegas and Wynn Las Vegas recently dealt with legal issues in the US gaming hub and that’s not lost on regulators in New York where the operators of those venues are vying for downstate casino licenses. At a meeting...
Wynn Resorts Stock Extends Rally on Morgan Stanley Upgrade
Wynn Resorts (NASDAQ: WYNN) stock today extended its torrid weekly pace, surging on the back of an upgrade by Morgan Stanley. In a new report to clients, analyst Stephen Grambling boosted his rating on Wynn to “outperform” from “equal-weight” while lifting his...
UNLV Turns Away Circa Offer to Keep QB Sluka at School
The University of Nevada-Las Vegas (UNLV) rebuffed a $100,000offer from Circa Resort & Casino to keep quarterback Matthew Sluka at the school. On Wednesday, Sluka announced that he’s going to sit out the remainder of the 2024, redshirt, and look to transfer...
SEC Charges DraftKings with Disclosure Violations Over Robins Tweet
The Securities and Exchange (SEC) announced today it charged DraftKings (NASDAQ: DKNG) with divulging nonpublic, material information over CEO Jason Robins’ social media accounts. The gaming company agreed to pay $200,000 civil penalty to settle the charges. On July 27, 2023, Robins...
FanDuel Bullishness Boosts DraftKings, Too, Say Analysts
They’re direct competitors, but when it comes to FanDuel parent Flutter Entertainment (NYSE: FLUT) and DraftKings (NASDAQ: DKNG), what’s good for one can benefit the other. That was the case Wednesday when Flutter told investors it sees the total addressable market for...
Macau Casino Stocks Surge Amid China Stimulus Hopes
For the second time this week, Macau casino stocks, including Las Vegas Sands (NYSE: LVS) and Wynn Resorts (NASDAQ: WYNN), rallied, this time on speculation China could unleash a series of stimulus measures aimed at shoring up its ailing economy. In late...
