4975 stories by Todd Shriber
Thailand Wants to Expedite Casino Process, but US Operators Might Not Like Regs
Thai Prime Minister Srettha Thavisin reportedly wants policymakers and the Ministry of Finance to accelerate the casino regulatory process there so that he can approve gaming venues, but some analysts fear the country’s regulations could be off-putting to major US operators. The...
Penn Management Not Rattled by Investor Demand for Sale
It’s been nearly a week since Penn Entertainment (NASDAQ: PENN) investor the Donerail Group sent a scathing letter to the gaming company’s board of directors urging it to consider a sale following a series of costly missteps in the online sports betting...
Wynn UAE Casino Resort Could Generate up to $1.4B in GGR, Say Analysts
Wynn Resorts’ (NASDAQ: WYNN) Wynn Al Marjan Island integrated resort in Ras Al Khaimah, United Arab Emirates (UAE) could notch up to $1.4 billion in annual gross gaming revenue when it’s fully ramped up. That forecast was recently put forth by CBRE...
Gucci Marketing Boss Selena Kalvaria Joining Fanatics Betting Unit
Selena Kalvaria is trading in couture for betting as she recently joined Fanatics Betting & Gaming as chief marketing officer (CMO) following a three-year run in a similar capacity at Italian fashion house Gucci. The Wall Street Journal broke the news on...
Macau Casino Revenue Estimates Could Be Too Conservative Says Analyst
Following a strong showing in May in which Macau concessionaires posted the best monthly gross gaming revenue (GGR) tally since before the start of the coronavirus pandemic, some analysts believe revenue estimates for operators there could be too conservative. Last month, the...
Wynn UAE Casino Could Be Jeopardized by Dubai Rival
Wynn Resorts’ (NASDAQ: WYNN) Wynn Al Marjan Island integrated resort project in Ras Al Khaimah, United Arab Emirates (UAE) could be hindered if Dubai decides to permit casino gaming, according to an analyst. Speaking at the recent G2E Asia conference in Macau,...
Century Casinos Still Mulling Poland Sale, Could Consider Share Buybacks, Says Analyst
Century Casinos (NASDAQ: CNTY) could still move to its sell its two-thirds stake in Casinos Poland and might eventually consider repurchasing its own shares. That’s the take of Stifel analyst Jeffrey Stantial who recently spoke with Century co-CEO Peter Hoetzinger. Stantial observed...
DraftKings Stock Gains Analyst Support Amid Slump
Shares of DraftKings (NASDAQ: DKNG) are off 15% over the past month, far exceeding the definition of a correction while paring the stock’s year-to-date gain to a meager 0.77%. Still, some analysts remain supportive of the gaming stock. On Tuesday, DraftKings was...
Casino Stocks Often Swoon in June
After today, there are 18 trading days remaining in June, meaning there’s much left to be determined regarding the broader market’s monthly performance. But if historical precedent holds true, this month could be a trying one for casino stocks. Of the 25...
FanDuel Close to Naming Rights Deal for 18 Diamond Sports Regional Networks
FanDuel is reportedly nearing an agreement to replace Bally’s (NYSE: BALY) as the sponsor of 18 regional sports networks (RSNs) controlled by bankrupt Diamond Sports Group. Various media reports mentioning the still yet-to-be-confirmed agreement didn’t mention financial terms. In November 2020, Bally’s...
