5136 stories by Todd Shriber
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...
Thailand Casinos Could Deliver $15B in Annual GGR, Says Research Firm
Thailand is inching closer to approving casino gaming and, assuming that happens, the market there could be worth north of $15 billion in annual gross gaming revenue (GGR) terms when fully ramped. That’s the take of CLSA, which estimates the Thai casino...
Rush Street Interactive Broadens LatAm Reach with Peru Entry
Rush Street Interactive (NYSE: RSI) is expanding its Latin American footprint, announcing Monday that it launched its RushBet iGaming and sports betting offering in Peru. Peru authorized new online gaming regulations last November. The country is the third in the region in...
Emerald Island, Rainbow Club Casinos Combine Rewards Programs
The Emerald Island and Rainbow Club casinos, located in downtown Henderson, Nev. announced that their loyalty programs are now under a single umbrella. The new rewards platform known as Club Jewel was born out of suggestions from guests that frequent both Water...
UAE Approves First Lottery, Could Set Stage for Wynn Casino
Over the weekend, the General Commercial Gaming Regulatory Authority (GCGRA) -- the United Arab Emirates’ (UAE) first gaming regulatory agency -- approved a lottery license for an Abu Dhabi-based company, stoking speculation that move could pave the way for casino gaming in...
BetMGM Posts First Half Revenue of $1B, Calls 2024 ‘Year of Investment’
In its first half financial update, BetMGM said net revenue through the first six months of 2024 was $1 billion, a 6% increase from the year-earlier period. The operator added that based on gross gaming revenue (GGR) share for iGaming and online...
