4499 stories by Todd Shriber
BetMGM Says 2023 Revenue Jumped 36%, Was EBITDA Positive in Second Half
BetMGM said it posted 2023 revenue of $1.96 billion, a 36% year-over-year increase. That put the online sportsbook operator’s top line at the higher end of a previously disclosed forecast of $1.8 billion to $2 billion. The operator added that it was...
Wynn Soars on Strong Q4 Results, CEO Sees Opportunity in Wynn West Plan
Shares of Wynn Resorts (NASDAQ: WYNN) surged Thursday after the casino operator delivered estimate-topping fourth-quarter results late in the day. Buoyed by strength in its Wynn Macau division, the Las Vegas-based gaming company posted earnings per share (EPS) on non-generally accepted accounting...
Red Rock Resorts Rallies on Q4 Earnings Beat, Special Dividend
Shares of Red Rock Resorts (NASDAQ: RRR) rallied in Wednesday’s after-hours trading session. That's after the gaming company posted estimate-beating fourth-quarter results while announcing a special dividend. The operator of the Station casinos, among others, earned 95 cents a share on revenue...
Full House Credit Rating Upgrade Unlikely Over Near Term
Full House Resorts (NASDAQ: FLL) is unlikely to earn an upgrade to its speculative credit rating over the near term. That's because the casino operator’s debt levels are expected to remain elevated. That’s the take of Moody’s Investors Service, which downgraded Full...
Park Proposed for Site Steve Cohen Wants for Queens Casino
Community groups in Queens, NY, recently revealed a plan to turn land currently used as a parking lot for Citi Field into a park. That's potentially posing a challenge to New York Mets owner Steve Cohen’s efforts to bring a casino hotel...
Fontainebleau Las Vegas Charging Up to $55K for Super Bowl After-Party Tickets
It’s not cheap to attend the Super Bowl, and the related party scene on the Las Vegas Strip is far from economical as well. Fontainebleau Las Vegas is seeing to that, as the new casino hotel is charging as much as $55K...
Elon Musk’s X Financing Gina Carano Suit Against Disney, Lucasfilm
Elon Musk’s X, the social media platform formerly known as Twitter, is financially backing actor Gina Carano’s wrongful termination lawsuit against Walt Disney (NYSE: DIS). Carano’s family is the largest noninstitutional investor in Caesars Entertainment (NASDAQ: CZR). Carano was fired from her...
Gaming and Leisure Properties Paying $175M for Tioga Downs Real Estate
Gaming and Leisure Properties (NASDAQ: GLPI) said Tuesday that it's paying $175 million for the property assets of Tioga Downs Casino Resort in Nichols, N.Y. Privately held American Racing & Entertainment, LLC is selling the land to the Pennsylvania-based real estate investment...
DraftKings Accuses VIP Exec of Corporate Espionage, Says Staffer Sold Secrets to Fanatics
In a new court filing that reads like the script for a Hollywood thriller, DraftKings (NASDAQ: DKNG) claimed former executive Michael Hermalyn sold trade secrets to Fanatics in an effort to procure a job with a direct rival to his employer. In...
Sphere Entertainment Posts Big Q2 Loss as Revenue Soars
Sphere Entertainment (NYSE: SPHR), the operator of the namesake venue on the Las Vegas Strip, posted a substantial fiscal second-quarter loss due in part to higher operating expenses. That's despite the company notching significantly higher revenue. Sphere, which also owns the MSG...
