4480 stories by Todd Shriber
DraftKings Spent $2M on Jet, Security for CEO Robins, Boosted Pay as Stock Stumbled
Last year, DraftKings (NASDAQ: DKNG) spent nearly $2 million on private jet and security expenses for co-founder and CEO Jason Robins while significantly boosting his equity-based compensation even as the shares plunged. In a recently published Schedule 14A filing with the Securities...
Las Vegas Related: Leisure Travelers Spending Less on Dinner, Nightclubs
Perhaps surprisingly, multidecade high inflation hasn’t materially affected the US gaming industry. But data confirms guests are dialing back expenditures previously allocated to amenities such as fancy restaurants, nightclubs, and poolside cabanas. Though that trend is clearly “Las Vegas related,” it’s happening...
NFL Owners Approve Keeping Stadium Sportsbooks Open During Games
NFL owners approved a plan Tuesday that allows for in-stadium sportsbooks to remain open while games are played in those venues. The decision is the latest in a long line signaling the league's rapid transition from an anti-gaming stance to a broad...
DraftKings CEO Waxes Bullish in Twitter Thread
With the company just a few weeks away from its third anniversary as a standalone publicly traded entity, DraftKings CEO Jason Robins took to Twitter Monday to sound an optimistic tone about the operator’s future. Following a reverse merger with a special...
IGT, PlayAGS Could Be Star Slots Stocks, Says Analyst
With casino traffic and consumer spending on gaming proving resilient, there’s a case for shares of slot machine manufacturers. That’s the take of Macquarie analyst Chad Beynon, who in a new report to clients, highlights several well-known names in the industry, including...
Horseshoe Debuts on Las Vegas Strip, Bally’s Brand Gone for Now
The Bally’s-to-Horseshoe rebranding is complete on the Las Vegas Strip, returning one iconic casino name to Sin City while removing another. Operated by Caesars Entertainment, the venue officially took the Horseshoe name last December, but it took several months for external marks...
Caesars, Century Casinos Highlight Surprising Consumer Strength
Entering 2023, consensus held that the toxic combination of stubbornly high inflation and rising interest rates would eventually sap consumer discretionary spending, including gaming-related expenditures. Caesars Entertainment (NASDAQ: CZR) and Century Casinos (NASDAQ: CNTY) are among the casino operators proving consumer demand...
2023 iGaming, Sports Betting Legislative Outlook Looks Dark, Says Analyst
About three months into 2023, it’s already clear that bettors and investors hoping for more state-level approvals of internet casinos and sports wagering may be left disappointed this year. Ohio and Massachusetts joined the live and legal sports wagering fray in the...
Genting Commands Multiple $1B Bids for Miami Land
Genting Berhad has multiple offers of $1 billion or more in hand for some of its Miami property holdings. It could be positioned to set a US record for the price commanded on a development parcel. The Malaysian conglomerate reportedly has five...
Tilman Fertitta Acquiring Hard Rock Tahoe, Plans Golden Nugget Conversion
Fertitta Entertainment is acquiring Hard Rock Hotel & Casino Lake Tahoe from Paragon Gaming. It could ultimately rebrand the property to a Golden Nugget venue. Financial terms of the transaction, which is slated to close in the next seven to 12 months,...
