4977 stories by Todd Shriber
iGaming, Sports Betting Promotions Not Easing, Claims Analyst
It was widely believed that as the iGaming and online sports wagering industries matured and as analysts and investors demanded tighter focuses on profitability, promotional spending would rationalize. One analyst said that while that’s happening, the extent to which promotional expenditures have...
Nassau Community College Won’t Lobby for Sands Casino
Nassau Community College is paying a lobbying firm, but that doesn’t mean the educational institution will push New York lawmakers to approve a gaming license for Las Vegas Sands at Nassau Hub. State lobbying records indicate the junior college hired Shenker Russo &...
Queens Casino Backers Push Ramos to See Things Their Way
Scores of Queens business owners, civic leaders, and residents gathered at State Sen. Jessica Ramos' (D-Queens) office Monday in an effort to push the legislator to support plans for a new casino in the borough. The gaming venue would be part of...
Rick’s Cabaret Parent Could Scrap Colorado Casino Plans
RCI Hospitality Holdings, Inc. (NASDAQ: RICK), the parent company of Rick’s Cabaret and other gentleman’s clubs, could pull the plug on plans for casinos in Colorado. In December 2022, the company acquired a four-story, 30,000-square-foot building at 130 Main Street in Central...
Emmett Opposes PlayAGS Takeover Bid, Says Brightstar Offer Undervalues Company
Emmett Investment Management, a money manager focusing on mid- and small-cap stocks, penned a letter to PlayAGS (NYSE: AGS) investors on Tuesday telling them they should oppose the $1.1 billion takeover offer floated on May 9 by Brightstar Capital Partners. The board...
Games Global Pulls Plug on IPO, Cites Market Conditions
Games Global, a developer of casino games for the iGaming industry, scrapped plans for an initial public offering (IPO). The move came on Monday, roughly a month after the company filed for its initial stock sale. In a Form F-1 filing with...
Penn Entertainment Now ‘Deep Value Turnaround’ Idea, Says BofA
Shares of Penn Entertainment (NASDAQ: PENN) traded slightly higher early Monday, fighting off a downgrade by Bank of America, which was stoked by concerns that the operator’s ESPN Bet unit could take longer than expected to become profitable. In a note to...
Boyd Bounces on New $500 Million Buyback Plan
Shares of Boyd Gaming (NYSE: BYD) delivered a much-needed bounce early Monday after the regional casino operator announced a new $500 million share repurchase program. The Las Vegas-based company said its board of directors approved the buyback plan. Boyd also declared a...
MGM Will Be Held to Host City Agreement in Possible Springfield Casino Sale, Say Officials
Nearly two months ago, reports surfaced that MGM Resorts International (NYSE: MGM) is mulling the sale of its regional casinos in Ohio and Springfield, Mass. Officials in the Massachusetts city said they intend to hold the gaming company to the terms of...
Caesars, DraftKings, Others Want Competitive Washington, DC Sports Betting Market
It’s been less than a month since FanDuel took over as the lone mobile sportsbook operator in Washington, DC, but rivals are already clamoring for access to online sports betting in the US capitol. Earlier this week, representatives from BetMGM, Caesars Sportsbook,...
