5081 stories by Todd Shriber
VICI Declines Option to Buy Caesars Indiana Casinos
VICI Properties (NYSE: VICI) won’t exercise its rights to acquire the property assets of two Indiana gaming venues currently owned and operated by Caesars Entertainment (NASDAQ: CZR). On the company’s second-quarter earnings conference call late Wednesday, CEO Edward Pitoniak told analysts the...
DraftKings Unveils $1B Buyback, Bettor Surcharge in High-Tax States
DraftKings (NASDAQ: DKNG) told investors Thursday that it could repurchase up to $1 billion of its shares and that it will implement a surcharge on bettors in several states with high sports wagering taxes. The Boston-based gaming company said the surcharge will...
Caesars Selling World Series of Poker for $500 Million
Caesars Entertainment (NASDAQ: CZR) announced today that it’s selling the intellectual property rights associated with the World Series of Poker (WSOP) to investment firm NSUS Group Inc. for $500 million. The deal price consists of $250 million in cash and a $250...
Greenbrier Hotel Heads to Auction Block, Senate Candidate Justice Blames Politics
The Greenbrier Hotel in White Sulphur Springs, W. Va. is in default and could be auctioned off to the highest bidder. The property is home to one of the state’s four casinos. Gov. Jim Justice (R-WV) -- the frontrunner in the state’s...
MGM Says China Unit Would Run Thailand Bid
Should MGM Resorts International (NYSE: MGM) pursue a bid for a Thailand casino license, it’d run through its MGM China unit, according to CEO Bill Hornbukcle. The chief executive office made that clear on the company’s second-quarter earnings conference call late Wednesday....
VICI Properties Lifts 2024 AFFO Guidance
VICI Properties (NYSE: VICI), the largest owner of casino real estate, raised its 2024 adjusted funds from operations (AFFO) guidance in conjunction with the release of its second-quarter earnings. The owner of the Venetian on the Las Vegas Strip said it now...
Poker Legend Hellmuth Sells Rush Street Interactive Stock on Affiliate News
Poker legend Phil Hellmuth said Tuesday that he liquidated his equity stake in Rush Street Interactive (NYSE: RSI) after the gaming company announced it will halt its affiliate program in the states in which it operates -- a decision that was met...
Caesars CEO Reeg Says No Involvement with Penn, Eyes Buybacks
Caesars Entertainment (NASDAQ: CZR) CEO Tom Reeg told analysts the company isn’t “even tangentially involved” in the takeover scuttlebutt that’s recently surrounded rival Penn Entertainment (NASDAQ: PENN). Reeg made the comments Tuesday evening on his company’s second-quarter earnings conference. In response to...
Hawk Tuah Girl Hailey Welch Files Trademark for ‘Bet On That Thang’
Hailey Welch, now colloquially known as the “Hawk Tuah girl,” filed a variety of trademark applications earlier this month, including one for “Bet On That Thang.” The filings were made by 16 Minutes LLC, a Tennessee-based limited liability corporation that appears to...
DraftKings Closing NFT Marketplace, Halting Reignmakers Amid Legal Challenges
DraftKings (NASDAQ: DKNG) announced Tuesday that it is closing its nonfungible token (NFT) marketplace and halting the Reignmakers fantasy sports game that was based on those NFTs. The news arrived as the gaming company faced mounting legal challenges regarding the status of...
