4505 stories by Todd Shriber
Penn Says ESPN Bet Will Launch in Advance of Thanksgiving Football Games
Penn Entertainment (NASDAQ: PENN) reported third-quarter results earlier Thursday. The point of emphasis for analysts and investors was commentary from the company regarding the widely anticipated debut of ESPN Bet. The Pennsylvania-based regional casino operator said ESPN Bet, its new online sportsbook...
DraftKings Surges After Again Lifting 2023 Guidance
Shares of DraftKings (NASDAQ: DKNG) jumped 7% during Thursday’s after-hours session. The late rise came after the stock posted a 6.43% gain during standard trading hours and after the gaming company again boosted its 2023 guidance. In conjunction with its third-quarter earnings...
Dubai Delays Casino Resort Approvals in Potential Blow to MGM
In what could be a temporary blow to MGM Resorts International’s ambitions in the United Arab Emirates (UAE), Dubai will reportedly delay plans to approve casino resorts. In partnership with Wasl Hospitality and Leisure, MGM opened a branded hotel in Dubai in...
Entain Should Consider BetMGM Compromise, Says Analyst
Entain Plc (OTC: GMVHY), which has seen its market value slump considerably this year, has at least two paths to consider to reverse course. That’s the take of Susquehanna analyst Joseph Stauff, who initiated coverage of the Ladbrokes owner Wednesday with a...
Bally’s Open to Selling Tropicana Las Vegas Lease, Cuts 300 Digital Jobs
In conjunction with its third-quarter earnings report -- one that sent the stock reeling to a 14.80% loss on Wednesday -- Bally’s (NYSE: BALY) announced it will reduce its headcount by 300. Executives added they could be open to selling the lease...
Caesars Continues Paring Debt, Digital Unit Notches Profit
Caesars Entertainment (NASDAQ: CZR) delivered consensus-beating third-quarter results late Tuesday, telling investors its Caesars Digital unit posted EBITA (earnings before interest, taxes, depreciation, and amortization) profit of $2 million following a year-earlier loss of $38 million. The casino giant also continued whittling...
Vornado Realty Unlikely to Chase New York Casino Permit
Vornado Realty Trust (NYSE: VNO), one of the largest real estate investment trusts (REITs), isn't likely to give chase to a New York City casino license. Vornado Chairman and CEO Steve Roth commented to that effect on the REIT’s third-quarter earnings conference...
Mesquite Gaming Could Be Readying Sale
Mesquite Gaming, LLC, the owner of two casino resorts in the Nevada town of the same name, appears to be on the auction block. The agenda for the Nevada Gaming Control Board’s (NGCB) Wednesday, November 1 meeting indicates the regulatory agency is...
New York Casino Awards Likely in 2025 as ‘Circus’ Takes Shape, Says Analyst
New York regulators are unlikely to award three downstate casino licenses next year, likely pushing the matter off to 2025 as the state extends its reputation as “the circus” of casino politics. That’s the sentiment of B Global Advisors Brendan Bussmann. In...
Bally’s Risk-Reward Looks Interesting After Slump
Following a lengthy slump in which the stock has shed nearly a third of its value over the past month and 53.72% year to date, shares of Bally’s (NYSE: BALY) could be primed for a relief rally. That’s the take of Stifel...
