5081 stories by Todd Shriber
MGM Stock Has Makings of a Winner, Says Analyst
As highlighted by a year-to-date loss of 3.11%, MGM Resorts International (NYSE: MGM) stock has spent much of 2024 dithering, but a 7.66% jump over the past month indicates the shares have some momentum. Some analysts concur. In a new report to...
DraftKings Rumored to Be Mulling VSiN Sale in Barstool/Penn-Style Deal
DraftKings (NASDAQ: DKNG) is rumored to be considering the sale of the Vegas Sports Information Network (VSiN), the Las Vegas-based sports wagering radio network it acquired for $70 million in March 2021. Eilers & Krejcik Gaming (EKG) noted the online sportsbook operator...
Chicago Pension Mess Highlights Need for Bally’s Casino
Chicago is sitting on a ticking time bomb of underfunded public pension obligations, underscoring the need to haul in revenue from Bally’s planned permanent casino hotel -- a project some local politicians and residents view as on life support. The city’s 2023...
Nevada In-Person Requirement Hampering Sports Betting Revenue
When the Supreme Court handed down its ruling on the Professional and Amateur Sports Protection Act (PASPA) in 2018, it was widely known that Nevada would lose its monopoly on regulated sports wagering in the US. What wasn’t known to industry observers...
Google to Permit DFS, Internet Lottery Ads in Most US States
Google, the largest provider of internet search services in the US, updated its advertising policies, allowing daily fantasy sports (DFS) operators and lottery courier services to run ads across more than 30 states and Washington, DC. Advertisers that hold gaming licenses in...
BlueBet Departing Indiana, US Strategic Review Ongoing
Australian sportsbook operator BlueBet announced on Monday that it's withdrawing from Indiana to focus its attention on other states. The gaming company also reminded investors that a strategic review of its US operations is ongoing. BlueBet gained access to the Indiana sports...
Caesars Add Former Diageo Exec Williams to Board of Directors
Caesars Entertainment (NASDAQ: CZR) today announced the appointment Rodney Williams to its board of directors -- a move that could assist the casino operator’s efforts to better cater to high-end customers. Williams recently resigned as president of Diageo Beer and Diageo Canada...
Flutter Adds Former Disney Exec Who Clashed with Iger to Board
Flutter Entertainment (NYSE: FLUT) today announced the appointments of two new members to its board of directors, one of whom is former Walt Disney (NYSE: DIS) CFO Christine McCarthy. Ms. McCarthy is an accomplished entertainment executive and held several senior leadership positions...
Wynn Resorts Stock Could Rise on High-End Strip Momentum
Data out Wednesday confirm Nevada casinos posted the best May on record in terms of gross gaming revenue (GGR), which checked in at $1.32 billion of which $742 million was attributable to the Las Vegas Strip. At least one analyst believe Wynn...
MGM Online Gaming Efforts Could Be Credit Tailwind
Earlier this week, MGM Resorts International (NYSE: MGM) said that its LeoVegas unit is acquiring the the US iGaming and sportsbook operations of Tipico Group for an undisclosed sum -- a purchase that’s already drawing praise among some analysts. The Tipico buy...
