5081 stories by Todd Shriber
VICI Clings to Investment-Grade Rating with Stable Outlook at Fitch
Fitch Ratings reaffirmed VICI Properties’ (NYSE: VICI) credit grade at “BBB-“ with a “stable” outlook in a report out Thursday. The research firm said the rating -- the lowest on the investment-grade spectrum -- is supported by VICI’s status as one of...
Red Rock Eyes Bigger Casino, More Parking in Durango Expansion
Following a fast start by Durango Casino & Resort in Southwest Las Vegas, operator Red Rock Resorts is already eyeing expansion of the venue, which opened last December. Next week, the Clark County Zoning Commission will consider a request by Red Rock...
SCOTUS Ruling on Florida Sports Betting Not Instructive in California
Last week, the United States Supreme Court declined to hear an appeal challenging Florida’s decision that essentially allows for the Seminole Tribe to maintain a monopoly on online sports wagering activities in the state. That sparked speculation that other states, including California,...
Washington, DC Could Soon Have a Competitive Sports Betting Market
Washington, DC could soon allow multiple operators to conduct mobile sports wagering in the District after City Council member Kenyan McDuffie’s (I-At Large) amendment to broaden the market was included in the council’s proposed budget for fiscal 2025, which was passed Tuesday....
Times Square Casino Group Pledges $250M Community Investment if Awarded License
The group behind a plan to bring a casino hotel to Times Square is reportedly promising $250 million in investments in the neighborhood -- expenditures that are contingent on winning a gaming permit. amNewYork Metro reported Caesars Entertainment, real estate developer SL...
Circa Sports Scores Jersey Patch Deal With Chicago Blackhawks
Circa Sports announced Tuesday that it will be the official jersey patch sponsor for the NHL’s Chicago Blackhawks for the 2024-25 season. The news arrived a day after the Florida Panthers claimed the 2024 Stanley Cup. Las Vegas-based Circa Sports joins a...
Sands, Wynn Among Goldman’s Top Sharpe Ratio Stocks
Goldman Sachs rebalanced its “high Sharpe Ratio” basket, a group of S&P 500 components with strong risk-adjusted return prospects, and three gaming equities made the cut. That trio is comprised of Las Vegas Sands (NYSE: LVS), MGM Resorts International (NYSE: MGM), and...
Penn Downgraded as Analyst Sees Little Hope of Near-Term Sale
Shares of Penn Entertainment (NASDAQ: PENN) slumped Tuesday after an analyst downgraded the stock, in part citing long odds that the regional casino operator sells itself over the near term. In a note to clients on Tuesday, Raymond James RJ Milligan lowered...
VICI Properties Gets Analyst Nod Ahead of Earnings Update
Shares of VICI Properties (NYSE: VICI) rallied Monday after Jefferies analyst David Katz reiterated a bullish view on the real estate investment trust (REIT) ahead of its second-quarter earnings report. Katz said he and his team updated their models on VICI to...
MGM Acquiring Tipico’s US Sportsbook Operations
MGM Resorts International (NYSE: MGM) announced that it's acquiring the US iGaming and sportsbook operations of Tipico Group. Financial terms of the transaction weren’t revealed. The Las Vegas-based casino giant said its LeoVegas Group unit is the entity acquiring the aforementioned Tipico...
