4480 stories by Todd Shriber
Casino Operators’ Q3 Revenue Keeping Pace with Spending
Third-quarter earnings season is in full swing, and several casino operators already reported with an important takeaway: revenue is keeping pace with operating expenditures. Some of the casino companies that delivered results for the September quarter, including Boyd Gaming (NYSE:BYD) and Red...
Tilman Fertitta Takes 6.1% Stake in Wynn Resorts
Tilman Fertitta’s Fertitta Entertainment includes the Golden Nugget casino empire. But the billionaire businessman is investing in rival Wynn Resorts (NASDAQ: WYNN) as well. A Schedule 13G filing with the Securities and Exchange Commission (SEC) indicates Fertitta Entertainment, Fertitta himself, and another...
Gaming and Leisure Properties Interested in Strip Real Estate Acquisition
After previously indicating it wasn’t enamored by the prospect of increasing its footprint on the Las Vegas Strip, Gaming and Leisure Properties (NASDAQ:GLPI) is signaling willingness to consider a Sin City acquisition. The real estate investment trust (REIT) owns the property assets...
Macau Spending Focus Turns to Non-Gaming Investments
The past two decades of operator spending in Macau was mainly about building the mammoth, plush integrated resorts that dot the special administrative region (SAR) today. With the retendering process afoot, authorities are demanding concessionaires up non-gaming expenditures. Citing checks related to...
Red Rock Q3 Earnings Not Exciting, Some Pleasant Surprises Delivered
Red Rock Resorts (NASDAQ: RRR) delivered third-quarter earnings after the close of US markets on Thursday, telling investors it earned 83 cents a share on revenue of $414 million. While net income fell to $95.5 million from $117.9 million a year earlier,...
Las Vegas Sands Quietly Departs Online Gaming Space
Las Vegas Sands (NYSE: LVS) waded into the online gaming arena, and now it appears the Asia-Pacific casino behemoth has quietly departed the industry. In the most recent edition of its bi-weekly EKG Line report, research firm Eilers & Krejcik Gaming (EKG)...
Apple Yanks Gaming Ads from App Store Amid Developer Outrage
Apple is halting the dissemination of wager-related advertisements on product pages in the App Store following backlash from developers. Reports surfaced that developers recently spotted an influx of ads tied to potentially dubious online gaming entities appearing throughout the App Store. The...
Boyd Gaming Q3 Earnings: Bland, Boring Work
Boyd Gaming (NYSE: BYD) delivered third-quarter results Wednesday afternoon, beating top and bottom-line estimates for the ninth consecutive quarter. In this calamitous market environment, Boyd being “boring,” as an analyst describes it, is actually a positive, as market participants search for clarity...
Texas Gov. Abbott Signals Willingness to Consider Casinos
Gov. Greg Abbott (R-TX) appears willing to at least consider casino gaming in Texas if he’s reelected to the top office in the state. Abbott is seeking a third term as governor of the second-largest state in the country, and is facing...
FanDuel, Sportradar Ink Lengthy NBA Data Agreement
FanDuel and Sportradar announced Wednesday a new NBA data accord that runs through the end of the 2030-31 season. Financial terms of the pact weren’t revealed, but the new agreement, in part, serves as an extension of one reached in August 2021....
