4507 stories by Todd Shriber
Underdog Fantasy, Warner Bros. Could Be Eyeing Sports Betting Entries
With Bet365 gaining share in select states, Fanatics on the scene, and Penn Entertainment’s ESPN Bet readying a November debut, the question on the minds of some sports betting industry observers is, “Who’s next?” As in, what companies will be next to...
UFC Owner Endeavor Group in Talks to Be Taken Private
Shares of Endeavor Group Holdings, Inc. (NYSE: EDR) surged 22.57% in Wednesday’s after-hours trading session. That's after venture capital firm Silver Lake said it’s exploring strategic alternatives with the parent company of the Ultimate Fighting Championship (UFC), including taking it private. Silver...
VICI Properties Boosts 2023 FFO Guidance
VICI Properties Inc. (NYSE: VICI), the largest U.S. casino landlord, raised its full-year funds from operations (FFO) guidance late Wednesday following its third-quarter earnings report. The owner of Caesars Palace lifted its 2023 FFO forecast to $2.14 to $2.15 a share from...
Gaming and Leisure Properties May Boost Tropicana Stadium Commitment
Gaming and Leisure Properties (NASDAQ: GLPI) previously said it will commit $175 million in financing for a baseball stadium at the site of Tropicana on the Las Vegas Strip. However, an analyst who covers the company believes that the figure could move...
Boyd Gaming Slides After Earnings Miss, Analysts Cut Price Targets
Shares of Boyd Gaming (NYSE: BYD) slumped more than 11% Wednesday, a day after the regional casino operator reported third-quarter earnings per share that missed Wall Street estimates. Late Tuesday, the Orleans operator said it earned $1.36 a share on revenue of...
Sphere Entertainment Named Knicks Jersey Patch Partner
Sphere Entertainment, the operator of the Sphere entertainment venue on the Las Vegas Strip, announced it is the official jersey patch partner of the New York Knicks. The Sphere logo will appear on all Knicks game jerseys, home and away. Sphere imagery...
Zero Bond, New York Social Club, Opening at Wynn Las Vegas
Zero Bond, the famous New York City social club, is expanding beyond its home city, announcing a partnership with Wynn Resorts to bring the club to Wynn Las Vegas. Zero Bond will be the lone members-only club at Wynn Las Vegas. The...
MGM, Wynn Highlighted as Travel, Leisure Stock Winners
On a day of broad-based strength for gaming equities, MGM Resorts International (NYSE: MGM) and Wynn Resorts (NASDAQ: WYNN) were two of the standouts after a sell-side analyst waxed bullish on travel and leisure stocks. In a note to clients on Monday,...
DraftKings, Fanatics, FanDuel Unlikely to Debut in Nevada Anytime Soon
Leading online sportsbook operators FanDuel and DraftKings, and upstarts such as Fanatics, are unlikely to enter Nevada anytime soon. That's signaling reluctance to embrace the state’s in-person registration requirement for mobile sports betting accounts. As measured by handle, Nevada has been surpassed...
MAO Gaming Sues Ameristar Casino in Colorado Alleging Trademark Infringement
Table games supplier MAO Gaming has filed a lawsuit against Penn Entertainment’s (NASDAQ: PENN) Ameristar Casino in Black Hawk, Colo. It claims the operator infringed on trademarks pertaining to MAO’s STREAK blackjack game. As of Dec. 1, 2001, Mississippi-based MAO held the...
