4509 stories by Todd Shriber
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...
McLaren Establishes ‘Brand Beacon’ at Wynn Las Vegas
Recent visitors to Wynn Las Vegas have likely noticed an elite automotive addition to the glitzy Strip venue. The McLaren Experience Center at Wynn Las Vegas debuted six weeks ago, but celebrated its official grand opening on Thursday, Oct. 19. The McLaren...
MGM Stock Draws Analyst Praise Following Cyberattack
Following a September cyberattack that temporarily paralyzed operations at its domestic casino hotels, MGM Resorts International (NYSE: MGM) experienced a decline of more than 20% -- the definition of a bear market -- but Wall Street remains constructive on the stock. Deutsche...
Sports Betting M&A, Market Share Alterations Expected in 2024
The domestic sports wagering industry is evolving and maturing at a rapid pace. But it also remains intensely competitive. That competition could set the stage for interesting goings-on in 2024. Among the items of note to watch next year are the ability...
Sportsbook Operator Promo Spending Wanes Amid Profitability Focus
Lavish promotional bonuses to attract new clients are hallmarks of the US iGaming and online sports wagering industries, but operators’ dependence on that strategy is waning amid an industrywide focus on profitability. In Michigan and Pennsylvania, two mature markets permitting both iGaming...
Tilman Fertitta Las Vegas Strip Casino Project Starting to Take Shape
It’s been about a year since Tilman Fertitta’s Fertitta Entertainment won approval to build a new casino hotel on the Las Vegas Strip. Since then, there’s been little movement on the project, but signs are emerging that’s changing. Recent filings with Clark...
MGM Director Meister Says Company Responded ‘Rationally’ to Cyberattack
Keith Meister, the hedge fund manager who’s a member of the board of directors at MGM Resorts International (NYSE: MGM), said the casino operator responded “rationally” to a September cyberattack. He added that the subsequent slump by the operator’s stock is a...
Las Vegas Sands Beats Q3 Revenue Estimates, Approves $2 Billion Buyback
Supported by strength at its Macau casino hotels and Marina Bay Sands in Singapore, Las Vegas Sands (NYSE: LVS) delivered third-quarter revenue that beat Wall Street forecasts. After the close of US markets today, the Venetian Macau operator said it earned 55...
Some Small-Cap Gaming Stocks Sporting Deep Value Traits
Across the broader market, large-cap stocks are outpacing their smaller counterparts this year, and that scenario holds true among small-cap gaming stocks. One potentially positive result of small-cap gaming stocks lagging large-cap rivals this year is that unusually wide valuation chasms are...
