4509 stories by Todd Shriber
David Portnoy’s Future with Bartsool, Penn Entertainment in Limbo
David Portnoy is the face of Barstool Sports, the sports and entertainment media company he founded two decades ago. He’s not certain for how long that status will continue. Portnoy's contract with Penn Entertainment (NASDAQ: PENN) is up in 20 months, and...
DraftKings Rally Sparks Wave of Insider Selling
There’s an old financial market saying that goes, “Sell in May and go away.” DraftKings (NASDAQ: DKNG) insiders aren’t going away. But they sure are selling their company’s shares this month. With the shares up 11% in May and 112% year-to-date, insiders,...
Colorado Casino Credit Bill Nixed by Gov. Polis
Gov. Jared Polis (D-CO) vetoed a bill that would have allowed Colorado casino operators to extend lines of credit to customers. In controversial fashion, the proposal passed the state legislature earlier this month after a second vote was called, allowing some lawmakers...
MGM, Flutter, Others Could Bid for Kindred
Amid turnover in the C-suite, Swedish online gaming operator Kindred Group Plc (OTC: KNDGF) is said to be ramping up a sale process and could draw interest from some of the industry’s biggest names, including Flutter Entertainment (OTC: PDYPY) and MGM Resorts...
Wynn Resorts Named to 50 Community-Minded Companies List
Civic group Points of Light named Wynn Resorts to the Civic 50 list for the third consecutive year. The list is comprised of the 50 most community-minded companies based in the US. In order to qualify for the rankings, firms must generate...
Sands China, Wynn Macau Not Pressured to Resume Dividends
The three Macau concessionaires controlled by US-based casino operators aren't under pressure to resume dividend payments to their parent companies over the near term, according to a major global ratings agency. S&P Global Ratings director of corporate ratings Melissa Long and Associate...
Bally’s Trump Links Casino Plan Beset by Bureaucratic Delays
Time isn’t on the side of Bally’s in its plan to develop 17 acres at Trump Golf Links in the Bronx into a casino hotel. The Rhode Island-based regional casino operator and the Trump Organization, the business entity controlled by former President...
Las Vegas Sands Wins Lease Approval for Nassau Coliseum
Nassau County policymakers overwhelmingly approved a lease accord that could pave the way for Las Vegas Sands to build a casino hotel at the Coliseum site in Uniondale, NY. In a late Monday vote, the Republican-controlled Nassau County legislators voted 17-1 in...
Super Group SPAC Facing Shareholder Lawsuit
An investor is suing the founders of the special purpose acquisition company (SPAC) that merged with sportsbook operator Super Group (NYSE: SGHC). He alleges the executives enriched themselves while setting ordinary shareholders up for failure. In a complaint filed last week in...
Las Vegas Strip Showing No Recession Signs, Says Analyst
There are concerns about the strength of the US economy, and those worries will only be amplified if a resolution on the debt ceiling isn’t reached. But for now, there are no signs of macroeconomic distress on the Las Vegas Strip. Stifel...
