4279 stories by Todd Shriber
Wynn Has Most Affluent Casino Patrons, According to Wells Fargo
With the Consumer Price Index (CPI) residing at four-decade highs, inflation is a prime concern for casino operators. But Wynn Resorts (NASDAQ:WYNN) may have some immunity because of the affluence of its customer base. In a new report, Wells Fargo analyzes household...
World Poker Tour Bringing $15 Million Multi-Tournament Event to Wynn Las Vegas
Wynn Las Vegas will be a hotbed of poker activity in December. That's when the World Poker Tour’s WPT Championship brings the first guaranteed $15 million prize pool to the Strip integrated resort. This is a multi-tournament event with a variety of...
Japan Considers Liberalizing Sports Wagering
In a bid to generate more sports-related revenue, Japanese policymakers are reportedly mulling expansion of regulated sports betting. But experts believe the move will face heavy opposition. The Economy, Trade and Industry Ministry has a draft proposal to ease restrictions on sports...
Genius Sports Notches Remarkable Rally on Russell 3000 Inclusion
The broader complex of gaming equities posted a decent showing Monday. But Genius Sports (NYSE:GENI) was the obvious standout. Shares of the sports betting data provider surged almost 17% on volume that was double the daily average. That came on news the...
iGaming, Sports Betting Stocks Searching for Catalysts
With the NBA Finals a maximum of five games from conclusion, and with the NHL conference finals taking place, the calendar is nearing an unfavorable period for sportsbook operators. July and August usually are the two slowest months of the year for...
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...
