4279 stories by Todd Shriber
Bally’s Wins Nevada Approval to Run Tropicana Las Vegas
The Nevada Gaming Control Board (NGCB) has approved Bally’s (NYSE: BALY) to operate Tropicana Las Vegas. The approval came today, Sept. 7, more than a year after the gaming company bought rights to manage the famed Strip venue. In April 2021, Bally’s...
Red Rock Resorts an Alluring Growth Story, Says Analyst
Red Rock Resorts (NASDAQ: RRR) possesses multiple favorable fundamental drivers that could make it one of the more attractive long-term opportunities among casino equities. That’s the sentiment of Jefferies analyst Cassandra Lee, who initiated coverage of the gaming company today with a...
DraftKings Offering Same Game Parlays Across Multiple Contests
Same game parlays are among the innovations brought about by mobile sports wagering, and DraftKings is going further. It is now allowing bettors to use multiple games to build a potentially more lucrative wager. Typically, a same game parlay lives up to...
Las Vegas-Area Casino Guaranteeing $574K Progressive Slot Jackpot
Club Fortune Casino in the Las Vegas suburb of Henderson is guaranteeing the largest jackpot in that town’s history. It announced today (Tues. Sept. 6) it’s partnering with slot machine manufacturer Light & Wonder to award $573,777 on a Quarter Millions machine....
Circa Staring at More Than $4M in Overlays for Football Contests
With less than four days before entry deadlines arrive, Circa Sports is looking at overlays -- the cash the gaming company has to pony up itself -- to meet the guaranteed $12 million in prizes for its two famous NFL contests. On...
Nebraska Sports Betting Appears Years Away
Thirty one states and Washington, DC currently have live and legal sports wagering, and several more are in the legal though not operational stage. But Nebraska is unlikely to soon join the fray. While the first WarHorse racino is slated to open...
Caesars Stock Could Be Super in September
On a historical basis, September is the worst month of the year for the S&P 500. But some members of the widely followed equity gauge often thrive in the ninth month of the year. That group includes Caesars Entertainment (NASDAQ:CZR). While the...
Casino Stock Winners Have Free Cash Flow, Online Exposure
Casino stocks are incurring plenty of punishment this year, but some analysts see opportunity in the group. That's particularly among digital gaming names, as well as those generating ample amounts of free cash flow. While gross gaming revenue (GGR) at regional casinos...
Red Rock Resorts Shuttering Wild Wild West, Will Redevelop Property
Red Rock Resorts (NASDAQ:RRR) said today it is closing the Wild Wild West Gambling Hall & Hotel. That venue will be demolished in anticipation of future redevelopment. Wild Wild West, which is located at the intersection of I-15 and Tropicana, did away...
Penn Entertainment Pushed Out of S&P 500
Penn Entertainment’s (NASDAQ:PENN) lengthy share price decline is leading to the stock’s removal from the S&P 500. S&P Dow Jones Indices made the announcement today after the close of US markets, noting the regional casino operator and PVH Corp. (NYSE:PVH) are getting...
