4497 stories by Todd Shriber
Tiger Global Initiates Flutter Stake, Einhorn Adds to Penn Position
Despite the stock being down 19.52% year to date, Penn Entertainment (NASDAQ: PENN) was among the positions David Einhorn’s Greenlight Capital added to during the third quarter. A new 13F filing with the Securities and Exchange Commission (SEC) indicates Einhorn’s hedge fund...
Thailand Casino Market Could Top Singapore, Analysts Say
When Thailand’s casino market reaches maturity, it could generate annual gross gaming revenue (GGR) exceeding Singapore, putting the country on pace to become the third-largest gaming jurisdiction in the world. That’s the take of Citi analysts George Choi, Preenapa Detchsri, and Timothy...
Tilman Fertitta Ups Wynn Resorts Stake to Nearly 10%
Shares of Wynn Resorts (NASDAQ: WYNN) soared Thursday after it was revealed Tilman Fertitta boosted his stake in the casino operator to 9.9%. In midday trading, Wynn was almost 9% higher on volume that was more than double the daily average after...
SL Green Seeking Loan Extension for Site of Proposed Caesars Casino
SL Green (NYSE: SLG), the real estate partner in a proposed effort to bring a casino hotel to Times Square, is looking for an extension on a $743 million loan tied to the New York City property. A recent report from Morningstar...
Louisiana Sports Betting Tax Hike Proposal Meets Quick Death
A proposal to raise Louisiana’s sports betting tax to 51% has quickly been scrapped due to pressure from the gaming industry. On Monday, Rep. Roger Wilder III (R-Livingston Parrish) proposed House Bill 22 (HB 22), which sought to more than triple the...
Red Rock Says No Tax on Tips Could Add $200M to Las Vegas Economy
Red Rock Resorts (NASDAQ: RRR) executives believe the no tax on tips policy floated during the 2024 presidential campaign could juice the Las Vegas economy by as much as $200 million. That idea was originally floated by President-elect Donald Trump and later...
Penn Entertainment Downgraded as BofA Sees Muted Risk-Reward
Shares of Penn Entertainment (NASDAQ: PENN) traded lower today after Bank of America pared its rating on shares of the regional casino operator. In a new report to clients, analyst Shaun Kelley downgraded Penn to “neutral” with a price target of $22....
Sphere Threat Prompts Dolan to End Oak View Agreement
Sphere Entertainment (NYSE: SPHR) boss James Dolan has reportedly ended an agreement with a private equity firm that’s working to bring an NBA team to Las Vegas because he believes that effort could result in a venue rivaling the Sphere. The New...
Flutter Q3 Results Easily Top Wall Street Estimates
Shares of Flutter Entertainment (NYSE: FLUT) rallied in extended trading on Tuesday after the gaming company reported third-quarter results that soundly beat Wall Street forecasts. The FanDuel parent said it earned 43 cents per share on revenue of $3.25 billion during the...
Genius Sports Soars on Surprise Profit, Upped Outlook
Shares of Genius Sports (NYSE: GENI) surged Tuesday after the company posted a surprise third-quarter profit while upping its 2024 financial guidance. On a day when most gaming stocks succumbed to some profit-taking, shares of the sports betting data provider were up...
