4348 stories by Todd Shriber
Bally’s Sports Networks Could Be Sold to Pro Leagues
Major League Baseball (MLB), the NBA, and the NHL are said to be readying a joint bid for the regional sports networks (RSNs) bearing the Bally’s (NYSE:BALY) name. The Rhode Island-based casino operator does not own the RSNs. Rather, those assets are...
Viva Las Vegas Demand Trends, Analyst Likes Caesars, VICI Properties
For all the talk about high inflation and rising interest rates potentially stoking economic contraction, Las Vegas Strip demand trends are far from pricing in a recession. In a note to clients on Thursday, Macquarie analyst Chad Beynon points out that internet...
Bragg Gaming Stock Could Be Something to Boast About, Says Analyst
On Wednesday, Bragg Gaming Group (NASDAQ: BRAG) and Bally’s (NYSE: BALY) announced an iGaming content development pact. That could be one of multiple catalysts to spark the Canadian gaming technology provider’s long flailing shares. In a note to clients, Roth Capital analyst...
DraftKings Says ‘Up 10’ Promo Still Alive, Didn’t Necessarily Lose Money on It
Contrary to some media reports, DraftKings' "NFL Up 10" promotion isn’t dead. But the online sportsbook operator admitted the gambit resulted in payouts totaling $75 million through the first two weeks of the NFL season. Citing an unidentified source, a betting-related site...
Station Casinos Wins Regulatory Round in North Las Vegas Casino Effort
Station Casinos recently took another step in its effort to construct a new integrated resort in North Las Vegas. The North Las Vegas Planning Commission signed off on the gaming company’s plan to bring a new casino-hotel to the city. That's despite...
Cosmopolitan Selling Gulfstream Jet for $9M
The Cosmopolitan Las Vegas is selling a corporate jet for almost $9 million. To be precise, the 2002 Gulfstream GIV-SP, parked in Las Vegas, is listed by Colorado-based Mesinger Jet Sales for $8.99 million. Mesinger notes there have been two owners since...
MGM CFO Jonathan Halkyard Sees Convention Biz Improving, BetMGM Progress
MGM Resorts International (NYSE: MGM) could evaluate more acquisitions following the purchase of the LeoVegas online casino. That's while continuing to reward investors via share buybacks, noted CFO Jonathan Halkyard. Halkyard made the comments Tuesday at Deutsche Bank’s 30th Annual Leveraged Finance...
Twitch Updating Betting Policies, Takes Aim at Foreign Internet Casinos
Streaming platform Twitch said today it will update its policy on betting on Oct. 18, taking aim at companies based outside the US that offer dice games, roulette, and slot machines. The company, a unit of Amazon (NASDAQ:AMZN), said its current policy...
Penn Entertainment Stock Supported by Regional Casinos
As the parent company of Barstool Sportsbook and other digital gaming enterprises, Penn Entertainment (NASDAQ:PENN) is often discussed through the lens of online gaming. But one analyst encouraged investors to place more emphasis on the company’s land-based casinos. In a note to...
September Football Hold Setting Up Well for Books, Says Analyst
September football hold for sportsbook operators is setting up nicely, with upsets predictably playing a big part in that equation. In sports wagering, “hold” refers to what sportsbook operators keep as a percentage of every dollar bet. In simple terms, it’s what...
