4505 stories by Todd Shriber
The High Line Announces Opposition to Wynn New York Casino
The High Line, a nonprofit group named after a park on the West Side of Manhattan, launched the “Protect the High Line” campaign in opposition to plans by Related Cos. and Wynn Resorts to bring a casino hotel to that part of...
Blackstone’s Crown Resorts Sells Nobu Stake, Turns Tidy Profit
Crown Resorts, the Australian casino operator controlled by US private equity Blackstone (NYSE: BX), sold its 20% interest in the posh Nobu hotel-restaurant chain. As is often par for the course with Blackstone, an impressive profit was wrung from the divestment. Crown...
Strat Could Be Mirage Closing Winner, Says Analyst
With the Tropicana shuttered in April, and with the Mirage heading for a temporary closure starting July 17, it doesn’t take an expert to figure out that room supply on the Las Vegas Strip is declining. Some experts and analysts have stated...
Wynn Las Vegas Operations Stand Out Amid Macau Lethargy, Says Analyst
Within the investment community, Wynn Resorts (NASDAQ: WYNN) is typically viewed as a Macau story because the operator’s Wynn Macau entity drives the bulk of its earnings and revenue, but that shouldn’t overshadow an increasingly bullish case for the company’s Las Vegas...
Caitlin Clark Sparks Nearly Fivefold Increase in WNBA Bets
Indiana Fever rookie Caitlin Clark is already one of the most visible players in the WNBA and that recognition is clear in the world of sports wagering, as data confirm games in which she plays draw more bets than the average WNBA...
BetMGM, Caesars Join Washington, DC Sports Betting Expansion
Washington, DC’s mobile sports wagering market will open to multiple competitors next week, stripping FanDuel of a brief monopoly. Starting Monday, BetMGM will be live with mobile betting in the District and there are indications Caesars Sportsbook will also be available citywide...
Betway Parent Super Group Latest US Sportsbook Operator to Wave Good-Bye
Another one bites the dust. Super Group (NYSE: SGHC), the parent company of Betway, announced Wednesday that it's departing the US sports wagering market, becoming the latest casualty in an increasingly top-heavy space. The company said the decision to depart the US...
Apax Partners Sells Last of Genius Sports Stake
Apax Partners, LLP sold the last of its 10% interest in Genius Sports (NYSE: GENI), ending a more than six-year relationship between the private equity firm and the sports betting data provider. The full monetization of its Genius stake arrived after Apax...
DraftKings, Penn Among Discounted Gaming Stocks, Says Morningstar
It has not been a good year for the broader universe of US-based gaming companies. With the exception of DraftKings, which is higher though lagging the broader market, stocks tied to casino and sportsbook operators are mostly lower on a year-to-date basis...
Sands, Wynn Price Targets Lowered on Recent Macau Softness
Following a surprisingly soft June gross gaming revenue (GGR) report in Macau, an analyst modestly pared price targets on Las Vegas Sands (NYSE: LVS) and Wynn Resorts (NASDAQ: WYNN), though he remains constructive on both casino stocks. In a new report to...
