4279 stories by Todd Shriber
Jack Binion’s Steak Coming to Bally’s Las Vegas During WSOP
Jack Binion’s Steak -- one the more venerable names among casino steakhouses -- is coming to Bally’s Las Vegas next month during the World Series of Poker (WSOP). The eatery is replacing BLT Steak, which was closed during the early days of...
2022 iGaming, Sports Betting Legalization Disappointing, Says Analyst
Total addressable market (TAM) is essential to internet casino and online sportsbook operators. The more bettors that have access to these products, the better for gaming companies and their investors. On that note, barring surprises in the back half of the year,...
Esports Entertainment in Survival, Not Growth Mode, Says Analyst
Esports Entertainment Group, Inc. (NASDAQ:GMBL), a tiny online gaming and sports betting company, is now prioritizing survival over top-line growth in a bid to bolster liquidity. Shares of the gaming company are down more than 15% today, extending the 12-month to about...
Oakland A’s Trim Las Vegas Search to Two Venues, Public Funding Not Off Table
Major League Baseball’s (MLB) Oakland Athletics are honing in on two Las Vegas sites as a key vote on the team’s future in the Bay Area looms next month. It’s possible public financing for a move to the largest US casino hub...
NBA Ontario’s Most Wagered-On Sport, Third of Residents Bet Weekly, Survey Says
Single-game sports wagering has been live in Canada’s largest province for just short of two months. But some clear trends are already emerging, including the point that more than a third of Ontarians are betting at least once a week. That’s among...
Wynn CEO Craig Billings, Other Execs Reduce 2022 Salaries for Stock
Wynn Resorts (NASDAQ:WYNN) CEO Craig Billings is among the high-ranking executives at the gaming company taking reductions in 2022 cash salary in exchange for shares of the casino operator. A batch of Form 4 filings with the Securities and Exchange Commission (SEC)...
Inspired Entertainment Interesting iLottery Idea
With a market capitalization of just $275.25 million, it stands to reason that Inspired Entertainment (NASDAQ:INSE) is overlooked in the gaming equity conversation. One analyst argues that shouldn’t be the case. In a note to clients, B. Riley analyst David Bain reiterates...
MGM Investor Barry Diller Gets Limited License from Nevada Gaming
The Nevada Gaming Commission (NGC) has granted a limited license to Barry Diller, the media mogul whose IAC/InterActiveCorp (NASDAQ:IAC) is the largest shareholder in MGM Resorts International (NYSE:MGM). That's following an inquiry into a federal investigation of the billionaire’s purchase of Activision...
Bally’s Stock Sentiment Close to Bottom, Says Analyst
Bally’s (NYSE:BALY) is among the many repudiated gaming equities. A 12-month decline of 53.49% confirms as much. But at least one analyst says sentiment on the downtrodden name is nearing a bottom. In a note to clients, Stifel’s Jeffrey Stantial reiterates a...
MGM, Penn Among Contributors to Casino Stock Buyback Bonanza
Led by MGM Resorts International (NYSE:MGM) and Penn National Gaming (NASDAQ:PENN), among others, casino stocks are prime territory for share repurchase programs. Gaming industry shareholder rewards, including buybacks and dividends, were halted in the early days of the coronavirus pandemic. But casino...
