5313 stories by Todd Shriber
JPMorgan Buys Big Voting Block of Star Entertainment Shares
JPMorgan Chase & Co. (NYSE: JPM) acquired a sizable equity stake in downtrodden Australian casino operator Star Entertainment. According to a recent filing with Australian securities regulators, the New York-based bank purchased 5.47% of the gaming company’s voting equity. News of the...
Wynn Resorts Lands UAE’s First Casino License
Wynn Resorts (NASDAQ: WYNN) confirmed it has been granted the first commercial casino license in the history of the United Arab Emirates (UAE) and the Middle East at large, paving the way for Wynn Al Marjan Island to include a gaming venue....
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"...
