4507 stories by Todd Shriber
Texas Houses Advances Sports Betting Bill, Tough Road Awaits in Senate
By a vote of 101-42, the Texas House of Representatives approved a bill Thursday that would allow for a constitutional referendum on sports betting. Crossing the threshold of 100 affirmative votes was essential, because under Texas state law, two-thirds majorities in both...
PointsBet Warns Customers About Crypto Phishing Scam
PointsBet’s US division on Thursday temporarily halted emails to customers after an unidentified third-party messaged clients, plying them with a cryptocurrency giveaway. The email, which customers received around 11 a.m. Eastern time today, had the earmarks of what’s known as a phishing...
Nearly 90% of Citi Field-Area Residents Support Casino … Sort Of
A study commissioned by New York Mets owner Steve Cohen and community group Queens Future indicates 89% of those surveyed support a casino hotel near Citi Field, but the devil is in the details. Queens Future canvassers surveyed more than 10K locals...
DraftKings Rolls Out Channel on Samsung TV Plus
DraftKings said Wednesday its DraftKings Network offering is heading to Samsung TV Plus, the technology company's free, ad-supported TV (FAST) platform. That makes DraftKings the first sports wagering company to launch a 24/7 channel on Samsung TV Plus and marks the latest...
Wynn Forecasts up to $600M in EBITDA from UAE Casino Hotel
Wynn Resorts (NASDAQ: WYNN) forecast its upcoming integrated resort in the United Arab Emirates, Wynn Al Marjan Island, can generate up to $600 million in earnings before interest, taxes, depreciation, and amortization (EBITDA). Wynn CEO Craig Billings commented on a Tuesday conference...
Endeavor Group Announces First Dividend, Will Buy Back Up to $300M in Stock
Endeavor Group Holdings, Inc. (NYSE: EDR) announced plans for its first dividend, and told investors it could repurchase up to $300 million of its stock. The parent company of the Ultimate Fighting Championship (UFC) made the declarations in conjunction with its first-quarter...
Light & Wonder Board Green Lights Australia Listing
Slot machine manufacturer Light & Wonder (NASDAQ: LNW) said Tuesday that its board of directors signed off on a plan for a secondary equity listing in Australia. The company made the announcement in conjunction with reporting its first-quarter earnings. It’s been about...
Tropicana Las Vegas Reportedly New Site for A’s Ballpark, to Be Demolished
The Tropicana Las Vegas Hotel and Casino could be on borrowed time. The Oakland Athletics are reportedly altering their property choice for a new stadium in Sin City. Citing unidentified sources with knowledge of the matter, Howard Stutz of The Nevada Independent...
Wynn Q1 Results Bolstered by US Casinos, Resumes Dividend
The investment community usually views Wynn Resorts (NASDAQ: WYNN) as a Macau story. But it was the operator’s domestic casino resorts that supported its first-quarter results. For the first three months of 2023, Wynn notched a loss of 2 cents a share...
Portnoy Pushes Penn Stock Higher with Tweet Revealing Share Purchase
Scuffling Penn Entertainment (NASDAQ: PENN) notched a late-session rally Tuesday. That's after Barstool Sports founder David Portnoy took to Twitter to reveal he purchased a significant amount of shares in the regional casino operator on Monday. In what appears to be a...
