5449 stories by Todd Shriber
Flutter CEO Says States Need to Be Careful About Sports Betting Taxes
Flutter Entertainment (NYSE: FLUT) CEO Peter Jackson says states need to be measured in how they apply and potentially raise online sports betting taxes because pushing those levies too high could drive bettors to unregulated offshore markets. In an interview with The...
Sphere Stock Rallies on Plans for Abu Dhabi Venue
Shares of Sphere Entertainment (NYSE: SPHR) rallied late Monday after the company confirmed its second venue will be located in Abu Dhabi, United Arab Emirates (UAE). The stock closed higher by 3.39% on volume that was roughly quadruple the daily average after...
Genius Sports to Provide Next Gen Stats for Rams Home Games
Genius Sports (NYSE: GENI) announced today it reached an agreement with the Los Angeles Rams under which it will provide highlights supported by Next Gen Stats (NGS) during the team’s home games at SoFi Stadium. The highlights will be shown on SoFi’s...
Caesars New Orleans Could Feel Taylor Swift Effect
Caesars Entertainment’s (NASDAQ: CZR) fourth-quarter financial results could derive benefit with some help from pop star Taylor Swift. In a recent report to clients, JPMorgan analyst Joseph Greff noted the casino operator’s eponymous New Orleans property could be boosted by three dates...
Circa Sports Could Add California to Expansion List
Circa Sports is taking its usual pragmatic, thoughtful approach to expanding into new states, but a surprise jurisdiction is on the company’s radar: California. In an interview with The Las Vegas Review-Journal, Circa co-founder and CEO Derek Stevens said if the Nevada...
Macau Casino Stocks Could Be Boosted by More China Stimulus
Late last month, Macau casino stocks surged after the People’s Bank of China (PBOC) cut interest rates and Beijing announced a new round of stimulus measures targeting select segments of the Chinese population. Earlier this week, those same gaming equities, along with...
NY Gov. Hochul Says She’s Not Helping Steve Cohen’s Queens Casino Bid
A day after a report surfaced that her 2025 budget might include a provision that could potentially help select bidders for downstate casino licenses, including Steve Cohen and Hard Rock International, New York Gov. Kathy Hochul (D) said her budget won’t include...
Wynn UAE Casino to Benefit from Demographics, Taxes, Says JPMorgan
Wynn Resorts' (NASDAQ: WYNN) integrated resort in the United Arab Emirates (UAE) is poised to benefit from attractive demographics and a favorable tax regime, according to JPMorgan analysts. In a new report to clients, analysts led by Joseph Greff noted that Wynn...
Caesars Cash Flow, Debt Reduction Stories Intact, Says Analyst
The ability to boost free cash flow while slashing debt are widely viewed as two of the primary reasons to consider shares of Caesars Entertainment (NASDAQ: CZR). One analyst says those factors are still at play. In a new note to clients,...
Red Rock Stock Could Feel Election Impact, Says Analyst
Shares of Red Rock Resorts (NASDAQ: RRR) have recently scuffled, shedding almost 10% over the past 90 days. That could be the result of weak seasonality stemming from 2024 being a presidential election year. In a new report to clients, Deutsche Bank...
