4264 stories by Todd Shriber
DraftKings CEO Appears Bullish at Conference, Says Some Pro Bettors Still Offshore Action
In comments made today at the Goldman Sachs Travel and Leisure Conference, DraftKings (NASDAQ:DKNG) Chairman and CEO Jason Robins waxed bullish on his company’s trajectory and the broader sports wagering industry. But he cautioned some big sports bettors continue wagering offshore. During...
Gaming Stocks Could Be Winning Consumer Cyclical Bets, Says BofA
The Consumer Discretionary Select Sector Index is off 25% year-to-date, and gaming stocks are among the drags on that benchmark. But at least one research firm sees shares of casino operators as the best bets in the consumer cyclical space. In a...
VICI Properties Rallies on Addition to S&P 500
VICI Properties (NYSE:VICI) soared in Friday’s after-hours trading session on news the casino landlord is joining the S&P 500. Shares of the Caesars Palace owner jumped almost 7% in extended trading following a modest decline during traditional trading hours. VICI is one...
Okada Manila SPAC Deal Nears Closure Amid Founder’s Coup Attempt
Despite a recent coup attempt by its founder -- one some describe as violent -- Okada Manila is close to finalizing a merger with Jason Ader’s special purpose acquisition company (SPAC) 26 Capital (NASDAQ:ADER), setting the stage for a US listing. The...
Bally’s Improving Access to Child Care for Workers
Bally’s is expanding access to child care for its employees, announcing a partnership with WeeCare that’s accessible to the gaming company’s 7,500 workers in 14 states. WeeCare is the largest child care network in the United States, providing parents with an extensive...
Melco Dividend Not Returning Prior to 2024, Says Moody’s
Melco Resorts & Entertainment (NASDAQ:MLCO) is unlikely to join the ranks of casino operators restoring dividends this year or in 2023. In a recent note, Moody’s Investors Service says Lawrence Ho’s gaming company probably won’t be able to restart its cash payout...
Las Vegas NBA Expansion: Commissioner Adam Silver Says Don’t Soon Bet On It
The NBA-to-Las Vegas rumor mill may be poised for closure, and a lengthy one at that, as Commissioner Adam Silver refuted the notion the league will be expanding over the next several years. In remarks delivered earlier today prior to the start...
Texas Station and Fiesta Rancho Remaining Shuttered Through June 2023
At least two of the four gaming venues temporarily closed by Station Casinos during the early days of the coronavirus pandemic will remain that way for another year. The North Las Vegas City Council signed off on extending the “non-operational” status of...
Sands CEO Rob Goldstein Sees Macau Rebounding, Comfortable with Licensing
Las Vegas Sands (NYSE:LVS) CEO Rob Goldstein is comfortable with the gaming licensing situation in Macau, and believes it’s just a matter of time before the world’s largest casino center rebounds. Goldstein made the remarks at Bernstein’s 38th Annual Strategic Decisions Conference,...
Boyd Gaming Joins Buyback Binge with $500M Plan
Boyd Gaming (NYSE:BYD) is joining the gaming industry share buyback bonanza, today revealing a $500 million repurchase program. Potentially making that announcement all the more meaningful for investors is that this isn’t a new buyback scheme. Rather, the $500 million worth of...
