4507 stories by Todd Shriber
Arizona Again Opening Sports Betting Market to New Operators
Arizona is again preparing to expand its sports wagering market as the Arizona Department of Gaming (ADG) announced Friday that it will look to add at least two more operators to the fold. Under state law, up to 20 sportsbooks can operate...
Churchill Downs Stock Has Tailwinds, Says Analyst
Churchill Downs (NASDAQ: CHDN) stock is off a third of a percent year-to-date, which is actually good for one of the better performances among gaming equities. At least one analyst believes the shares could shake that lethargy. In a recent note to...
Penn Entertainment Leaving S&P Mid-Cap Index, Joining Small-Cap Gauge
Amid a lengthy slump that includes a 35.39% loss over the past year, Penn Entertainment (NASDAQ: PENN) has seen its market capitalization erode to the point that it no longer fits the bill as a mid-cap stock. S&P Dow Jones Indices made...
Resorts World NY Lobbyist Looms Large in Casino Acceleration Bill
Legislation proposed last month by Sen. Joseph Addabbo (D-Queens) to expedite the approval of three New York City-area casino licenses reportedly contains copy that is talking points from a lobbying firm working on behalf of Genting. The Malaysian conglomerate runs Resorts World...
Thailand Wants to Expedite Casino Process, but US Operators Might Not Like Regs
Thai Prime Minister Srettha Thavisin reportedly wants policymakers and the Ministry of Finance to accelerate the casino regulatory process there so that he can approve gaming venues, but some analysts fear the country’s regulations could be off-putting to major US operators. The...
Penn Management Not Rattled by Investor Demand for Sale
It’s been nearly a week since Penn Entertainment (NASDAQ: PENN) investor the Donerail Group sent a scathing letter to the gaming company’s board of directors urging it to consider a sale following a series of costly missteps in the online sports betting...
Wynn UAE Casino Resort Could Generate up to $1.4B in GGR, Say Analysts
Wynn Resorts’ (NASDAQ: WYNN) Wynn Al Marjan Island integrated resort in Ras Al Khaimah, United Arab Emirates (UAE) could notch up to $1.4 billion in annual gross gaming revenue when it’s fully ramped up. That forecast was recently put forth by CBRE...
Gucci Marketing Boss Selena Kalvaria Joining Fanatics Betting Unit
Selena Kalvaria is trading in couture for betting as she recently joined Fanatics Betting & Gaming as chief marketing officer (CMO) following a three-year run in a similar capacity at Italian fashion house Gucci. The Wall Street Journal broke the news on...
Macau Casino Revenue Estimates Could Be Too Conservative Says Analyst
Following a strong showing in May in which Macau concessionaires posted the best monthly gross gaming revenue (GGR) tally since before the start of the coronavirus pandemic, some analysts believe revenue estimates for operators there could be too conservative. Last month, the...
Wynn UAE Casino Could Be Jeopardized by Dubai Rival
Wynn Resorts’ (NASDAQ: WYNN) Wynn Al Marjan Island integrated resort project in Ras Al Khaimah, United Arab Emirates (UAE) could be hindered if Dubai decides to permit casino gaming, according to an analyst. Speaking at the recent G2E Asia conference in Macau,...
