4480 stories by Todd Shriber
MGM Sees 2024 Convention Rebound, Bullish on BetMGM
MGM Resorts International (NYSE: MGM) executives expect a modest decline in Las Vegas Strip convention and meeting business this year, with a more earnest rebound materializing in 2024 and 2025. MGM COO Corey Sanders, and Sarah Rogers, MGM's senior vice president of...
Cantankerous David Portnoy Not Problematic for Penn Entertainment, Says Analyst
Barstool Sports founder David Portnoy is no stranger to controversy. Some might say he even embraces and enjoys it. Fortunately for investors, at least one analyst believes that’s not problematic for Penn Entertainment (NASDAQ: PENN). Last month, the regional casino operator completed...
Caesars 401(k) Participants Can Proceed with Suit Against Russell Investments
A class action suit brought by Caesars Entertainment (NASDAQ: CZR) 401(k) participants against Russell Investments can proceed. That's after a Nevada federal judge ruled the bulk of the complaint has enough merit to move forward. Earlier this week, US District Judge Cristina...
Light & Wonder Considering Australia Stock Listing
Slot machine manufacturer Light & Wonder (NASDAQ: LNW) told investors Wednesday it’s considering a secondary listing of its equity on the Australian Securities Exchange (ASX). That would be in addition to its current primary listing on the Nasdaq. Australia is one of...
Tabcorp Could Eye Bid for PointsBet Aussie Operations
PointsBet (OTC: PBTHF) has long been viewed as a potential takeover target -- sentiment pertaining to both its Australia and US operations. Speculation is now intensifying regarding the former. Citing unidentified sources, the Australian Financial Review reports that Tabcorp held initial talks...
MGM China on Pace to Reach Pre-COVID Mass GGR Before Macau Rivals
MGM China is on pace to see its mass-market gross gaming revenue (GGR) reach pre-coronavirus levels, perhaps as soon as the current quarter. That would make it the first Macau operator to accomplish the feat. In a note to clients on Wednesday,...
Ex-Governor Rick Perry Still Optimistic on Texas Sports Betting Future
Former Gov. Rick Perry (R-TX) remains bullish on the prospects for regulated sports wagering in Texas, noting that if the issue is put to voters, it will pass in resounding fashion. In recent comments on the "World Series of Politics" podcast, the...
Urban One Activates Put Notice on MGM National Harbor Stake for $145.5 Million
Media company Urban One (NASDAQ: UONE) is parting ways with its stake in MGM National Harbor after having more than tripled its investment in the Oxon Hill, Md. gaming venue. In a Form 8-K filing with the Securities and Exchange Commission (SEC),...
MVB Financial, Bank to Sportsbooks, Avoids Silicon Valley Bank, Silvergate Calamity
Amid Great Depression-style bank runs and the recent collapses of Silicon Valley Bank (NYSE: SVB) and SVB Financial (NYSE: SIVB), among other financial institutions, sports bettors can rest assured that their deposits with gaming companies are likely safe. MVB Financial (NASDAQ: MVBF)...
BetMGM Promising $10M for Ever-Elusive Perfect NCAA Tourney Bracket
It's the holy grail of sports wagering, and yes, office pool entry fees are considered bets. What is it? The perfect NCAA Tournament bracket, of course. Should anyone accomplish the highly improbable, though not impossible, feat on BetMGM’s free-to-play game this year,...
