4507 stories by Todd Shriber
Boyd Family, Other Insiders Dump Casino Stock
Members of the Boyd family and other high-ranking executives at Boyd Gaming (NYSE: BYD) have recently been selling shares of the casino stock. Since February 20, Boyd insiders, including Chairman Emeritus Bill Boyd -- son of the company’s founder Sam Boyd --...
Bally’s Forms Committee to Mull Standard General Takeover Bid
Bally’s (NYSE: BALY) announced its board of directors has formed a special committee to evaluate the $15 per share takeover offer floated yesterday by Standard General -- the hedge fund that owns about 23% of the casino operator’s shares outstanding. The move...
TruTV Leans Into Sports and Betting in Attempted Refresh
With the NCAA Tournament kicking off later this month, this is the time of year that television viewers are reminded about the relevance of TruTV. The rest of the year, not so much. But parent company Warner Bros. Discovery is looking to...
Las Vegas Casino Consumer Still in Strong Shape, Says Analyst
Visitors keep finding their way to Las Vegas, and that could be beneficial to casino operators’ first-quarter results. Likewise, Macau concessionaires and online gaming firms are positioned to reap the benefits of resilient consumer spending trends. Citing stability among consumers, Macquarie analyst...
FanDuel Officially Replacing GambetDC in Washington, D.C.
It’s official. FanDuel is taking the reins from GambetDC as the lone sports wagering mobile application in Washington, D.C. The Office of Lottery and Gaming (OLG) announced the change following recent speculation regarding such a move. Greek gaming company Intralot will maintain...
Standard General Offers $15 a Share For Bally’s, Down More Than 50% From 2022
Soo Kim’s Standard General, the hedge fund that controls 23% of Bally’s (NYSE: BALY) equity, offered to acquire the remainder of the regional casino operator for $15 a share, valuing the target at a 41% premium to the March 8 close. While...
FanDuel Rumored to Replace GambetDC in US Capital City
The widely criticized GambetDC mobile sports wagering application could be on borrowed time in the nation’s capital. That's amid rumors that FanDuel will replace it. A Friday letter was penned by Office of Lottery and Gaming (OLG) Executive Director Frank Suarez to...
Wynn CEO Craig Billings Calls iGaming Cannibalization Debate ‘Reductive’
The debate pertaining to online casinos potentially damaging their land-based counterparts is, to this point, “reductive.” So wrote Wynn Resorts (NASDAQ: WYNN) CEO Craig Billings in a Saturday post on LinkedIn. Billings said he’s “neutral” on the matter, owing to the facts...
ESPN Bet Making Progress, North Carolina Could Be Big, Says Analyst
On the back of a steep fourth-quarter loss notched by the newly minted ESPN Bet mobile application, shares of Penn Entertainment (NASDAQ: PENN) are struggling. But at least one analyst sees runway for the company to get things right with online sports...
Sands Leads 2023 Macau GGR Share, MGM, Wynn Gain
Sands China -- the Macau arm of Las Vegas Sands (NYSE: LVS) -- was the biggest gainer last year in terms of share of Macau gross gaming revenue (GGGR). In a new report to clients, Deutsche Bank noted total GGR in the...
