4482 stories by Todd Shriber
MGM Spending $100M on Mandalay Bay Convention Center Remodel
MGM Resorts International announced today it will spend $100 million to spruce up the Mandalay Bay Convention Center. As part of the remodel, the 2.1 million-square-foot convention center will get a variety of technological enhancements as well as redesigned space aimed at...
Fanatics Eyeing January Sports Betting Debut, Not Keen on New York
Fanatics is aiming to have its sports wagering unit up and running by January, hoping to be live in various major states by the start of the 2023 football season. But New York won’t be part of that equation. In remarks made...
Caesars Strip Asset Sale Likely Off for Now, Stock Still Has Potential, Says Analyst
Amid rising interest rates and slumping equity prices, the likelihood of Caesars Entertainment (NASDAQ: CZR) selling one of its Las Vegas Strip assets this year is rapidly diminishing. But the stock isn’t without catalysts, according to one analyst. Following meetings with Caesars...
Light & Wonder Names Matt Wilson Permanent CEO, MGM Interactive Gets New President
The past several days have been a busy period of high-level executive announcements at publicly traded gaming companies. On Monday, Light & Wonder (NASDAQ: LNW) said Matt Wilson will become chief executive officer on an ongoing basis. He was named interim CEO...
Penn Entertainment Spending Could Be Ill-Timed, Says Analyst
On Monday, Penn Entertainment (NASDAQ:PENN) announced $850 million in new expenditures. But at least one analyst says the spending creates risks and could be poorly timed. In a note to clients, Roth Capital analyst Edward Engel said the current market environment is...
California’s Prop 27 Failure Could Be Positive for DraftKings, Says Analyst
DraftKings (NASDAQ: DKNG) stock slumped 13.9% on Monday, performing significantly worse than other gaming names, including sportsbook operators, amid rising concerns that Proposition 27 is heading for Election Day defeat in California. In a note to clients today, Oppenheimer analyst Jed Kelly...
ESPN Deal Could Spur DraftKings International Expansion, Say Analysts
DraftKings’ (NASDAQ: DKNG) widely anticipated deal with Walt Disney’s (NYSE: DIS) ESPN unit, which has yet to be confirmed by either party, could spur the gaming company’s international expansion efforts, according to industry analysts. Rumors surfaced last week that the two companies...
Genius Sports, Sportradar Settle Data Collection Rift
Genius Sports (NYSE: GENI) and Sportradar (NASDAQ: SRAD) today announced the settlement of litigation pertaining to data collection at the games of several European football leagues. Financial terms of the settlement weren’t disclosed, and Genius is maintaining the rights to provide low-latency...
iGaming Q3 Earnings: Good Fortune Emerging
Third-quarter earnings season starts in earnest this week, and while it’ll be awhile before gaming companies step into the earnings confessional, there’s an increasing sense that internet casino operators could deliver positive surprises. In aggregate, gaming stocks, including iGaming names, are lagging...
Light & Wonder Adds to Loyalty Offerings with House Advantage Acquisition
In a move to bolster its loyalty platform portfolio, Light & Wonder (NASDAQ: LNW) announced the acquisition of technology provider House Advantage. Financial terms of the transaction weren’t disclosed, but the buyer is paying cash for the target. Loyalty programs are popular...
