4507 stories by Todd Shriber
Expect Weaker Las Vegas Casino Revenue Growth in 2025
Investors are bracing for what’s likely to be a weaker year of revenue growth at Las Vegas Strip casino hotels in 2025 with non-gaming sales figuring prominently into that equation. In a new report to clients, Deutsche Bank analyst Carlo Santarelli said...
Bronx Locals Split on Bally’s Casino Plan
Residents of the Bronx, NY are divided over the prospects of a Bally’s casino hotel eventually calling their borough home. Christopher Jewett, senior vice president of corporate development at the regional casino operator, recently told News 12 that many people in the...
Ackman Leading Stock-Picking Contest by Shorting Caesars Investor Icahn
Pershing Square Capital Management co-founder and CEO Bill Ackman is leading a famous stock-picking contest due in part to a bet against Caesars Entertainment (NASDAQ: CZR) investor Carl Icahn. In what appears to be a now-deleted post to X from last Friday,...
Penn Entertainment Lifted by JPMorgan Upgrade
Shares of Penn Entertainment (NASDAQ: PENN) closed higher by 3.90% today on volume that was well above the daily average after JPMorgan upgraded the gaming stock. In a new report to clients, analyst Joseph Greff lifted his rating on the regional casino...
Wynn NYC Casino Gets Harsh Treatment from Community Board
A committee of a New York community board voted against zoning changes that would allow Related Cos. to proceed with a $12 billion development of the Western Rail Yards at Hudson Yards -- a plan that also includes casino hotel to be...
ESPN Branding Helping ESPN Bet, Says YouGov
Penn Entertainment’s (NASDAQ: PENN) ESPN Bet mobile sportsbook went live just over a year ago and signs are emerging that the site is benefiting from ties to the sports broadcast network. A recent survey by YouGov notes the Penn entity is the...
Marriott Hotel at Rampart Casino Commits to $75M Renovation
The JW Marriott Las Vegas Resort & Spa at the Rampart Casino in Summerlin will undergo a $75 million renovation encompassing the conference center, guest rooms, and lobby, among other parts of the venue. The announcement coincides with the 25th anniversary of...
Georgia Voters that Backed Trump Want Sports Betting, Says Pol
Last month, President-elect Donald Trump won the key battleground state of Georgia by 2.2% over Vice President Kamala Harris, vanquishing a narrow defeat to President Biden in the Peach State four years earlier. One politician believes many of the voters that carried...
Wynn Unlikely to See Activist Action, Says Analyst
Wynn Resorts (NASDAQ: WYNN) stock is higher by 10.09% over the past month, a period in which a well-known investor upped his stake in the casino operator, but some analysts don’t believe a takeover offer is on the table. In a new...
Flutter Stock Could Double in 4 Years, Says Analyst
Shares of Flutter Entertainment (NYSE: FLUT) closed higher by 1% today after an analyst said the stock has the potential to more than double to $600 over the next four years. The gaming equity closed at $277.47 today. In a report to...
