4507 stories by Todd Shriber
Wynn Resorts Credit Story Improving, But Still Junk-Rated by Fitch
Wynn Resorts (NASDAQ: WYNN) has an improving credit story, but it earned a junk grade of “BB-“ with a “stable” outlook in new coverage by Fitch Ratings. Factors in favor of the casino operator’s credit profile, as highlighted by the ratings agency,...
Light & Wonder on Pace to Top 2025 EBITDA Forecast
Helped by new slot machines and strength in the land-based casino industry, Light &Wonder (NASDAQ: LNW) is on pace to beat a previously disclosed 2025 earnings before interest, taxes, depreciation, and amortization (EBITDA) estimate. That’s the take of JPMorgan, which sees the...
WynnBET Leaving Massachusetts, Death Possible for Sports Bet App
Wynn Resorts’ (NASDAQ: WYNN) WynnBET is slated to exit Massachusetts, the latest sign the sports wagering mobile application could be dying a slow death. An agenda for Thursday’s Massachusetts Gaming Commission (MGC) meeting indicates WynnBET plans to ask the commission for permission...
New York Casino Licenses Could Be Awarded in 2025
Hopes that New York regulators could announce the winners of three downstate casino licenses this year might already be dashed, despite the fact that 2024 is just a month old. By some accounts, the widely anticipated announcement arriving in the first quarter...
Flutter Off to Solid Start in NYSE Debut
Flutter Entertainment (NYSE: FLUT) is off to a decent start on its first day as a U.S.-listed stock. In midday trading, shares of the FanDuel parent are higher by 1.36% on volume, which is slightly more than 318,100 shares. Monday marks the...
Super Bowl Room Rates Could Set Las Vegas Strip Records: Analyst
On Sunday, the Kansas City Chiefs and San Francisco 49ers clinched spots in Super Bowl LVIII. The big game could break records for room rates on the Las Vegas Strip, according to one analyst. Truist Securities analyst Barry Jonas pointed out in...
Fontainebleau Las Vegas Names Maurice Wooden President
Fontainebleau Las Vegas announced Sunday that Maurice Wooden has joined the Strip casino resort as president. Wooden has worked in the travel and leisure industry for 36 years, and he’s held high-profile roles in Las Vegas off and on for nearly two...
Flutter Board Member Gains License of Company’s NYSE Listing
The Nevada Gaming Commission (NGC) granted a gaming license to a member of Flutter Entertainment’s (OTC:PDYPY) board of directors last week. That's ahead of that company’s New York Stock Exchange (NYSE) listing on Monday. Independent director Holly Koeppel, Flutter’s audit committee chairwoman,...
Elon Musk’s X Reportedly Partnering with BetMGM
Elon Musk’s X -- the social media platform formerly known as Twitter -- is reportedly in discussions with BetMGM to integrate sports betting into its widely used site. Fortune broke the news earlier Friday, noting financial terms of the agreement haven’t been...
Aurora, Illinois May Sell $58M in Bonds For Penn Casino Financing
Aurora, Ill., is mulling the sale of $58 million in municipal bonds to come up with its end of the financing needed for Penn Entertainment’s (NASDAQ: PENN) planned Hollywood Casino in the city. Construction on the regional casino commenced a couple of...
