4505 stories by Todd Shriber
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...
Upper Tier Las Vegas Strip Casinos Boosted by Baccarat
Some of the glitzier casino hotels on the Las Vegas Strip are getting a lift from elevated baccarat, a game beloved by well-heeled bettors and those visiting from the Asia-Pacific region. Driven by Las Vegas, Nevada casinos posted their best month on...
Super Bowl to Generate $1.25B in Regulated Bets, Nevada, NY to Lead
It’s Super Bowl week, and that means the betting forecasts are coming in hot and heavy. Bettors in the U.S. are expected to plunk down $1.25 billion in regulated wagers on the game. That's according to Eilers & Krejeck Gaming (EKG), which...
Macau Casino Operators Can Handle Debt Maturities
During the worst days of the coronavirus pandemic, Macau casino concessionaires took on massive amounts of debt simply to stay afloat. Tabs for some of those obligations are coming due, but those maturities are unlikely to burden issuers. The ability to service...
Taylor Swift Effect: Kelce TD Most Bet Super Bowl Prop at DraftKings Except in Illinois
Taylor Swift might be having an impact on Super Bowl betting trends. As of Friday afternoon, the most wagered on Super Bowl proposition bet among DraftKings clients is Kansas City Chiefs tight end Travis Kelce -- Swift’s boyfriend -- to score the...
