5447 stories by Todd Shriber
SL Green Seeking Loan Extension for Site of Proposed Caesars Casino
SL Green (NYSE: SLG), the real estate partner in a proposed effort to bring a casino hotel to Times Square, is looking for an extension on a $743 million loan tied to the New York City property. A recent report from Morningstar...
Louisiana Sports Betting Tax Hike Proposal Meets Quick Death
A proposal to raise Louisiana’s sports betting tax to 51% has quickly been scrapped due to pressure from the gaming industry. On Monday, Rep. Roger Wilder III (R-Livingston Parrish) proposed House Bill 22 (HB 22), which sought to more than triple the...
Penn Entertainment Downgraded as BofA Sees Muted Risk-Reward
Shares of Penn Entertainment (NASDAQ: PENN) traded lower today after Bank of America pared its rating on shares of the regional casino operator. In a new report to clients, analyst Shaun Kelley downgraded Penn to “neutral” with a price target of $22....
Flutter Q3 Results Easily Top Wall Street Estimates
Shares of Flutter Entertainment (NYSE: FLUT) rallied in extended trading on Tuesday after the gaming company reported third-quarter results that soundly beat Wall Street forecasts. The FanDuel parent said it earned 43 cents per share on revenue of $3.25 billion during the...
Genius Sports Soars on Surprise Profit, Upped Outlook
Shares of Genius Sports (NYSE: GENI) surged Tuesday after the company posted a surprise third-quarter profit while upping its 2024 financial guidance. On a day when most gaming stocks succumbed to some profit-taking, shares of the sports betting data provider were up...
Endeavor CEO Ari Emanuel Buys Sports Betting Units at Big Discount
Endeavor Group Holdings, Inc. (NYSE: EDR) announced that it's selling its IMG Arena and OpenBet sports betting businesses to a group led by CEO Ari Emanuel. The sale price is $450 million. OB Global Holdings LLC is the buyer, and that group...
Louisiana Pol Proposes Massive Sports Betting Tax Hike
Sports betting industry observers likely didn’t have Louisiana considering a major tax increase on their 2024 bingo cards, but it’s possible following newly filed legislation. On Monday, Rep. Roger Wilder III (R-Livingston Parrish) proposed House Bill 22 (HB 22), which if enacted,...
Inspired Entertainment Stock Could Inspire More Gains
Relative to other gaming stocks, Inspired Entertainment (NASDAQ: INSE) leads a somewhat nondescript existence, but some analysts believe the shares deserve more acclaim. Toiling in anonymity is often a fact of life for stocks with market capitalizations of $277.74 million – where...
DraftKings Viewed as Bargain Among Gaming Stocks
In DraftKings’ (NASDAQ: DKNG) four-plus years as a standalone publicly traded company, rare have been the occasions that the stock has been considered inexpensive. Those instances arguably don’t exist at all, but at least one analyst believes shares of the online sports...
Investor Jason Ader Jet Sets Around the World While Facing Lawsuits
Jason Ader, the founder of a blank-check company that attempted to bring the Okada Manila casino resort public, is gallivanting around the world while facing litigation, including from his mother, as clients of his hedge fund demand their cash be returned to...
