4509 stories by Todd Shriber
DraftKings CEO Robins Ready for Competition, Sees Growth in Women’s Sports, Live Betting
DraftKings (NASDAQ: DKNG) co-founder and CEO Jason Robins sees women’s sports and live wagering as likely growth drivers of the US sports betting industry going forward. Robins made related comments during Wednesday’s keynote address at the Global Gaming Expo (G2E) in Las...
FanDuel CEO Howe Talks State Dynamics, Taylor Swift at G2E
FanDuel CEO Amy Howe said there’s still plenty of new prospective bettors to be brought into the sports wagering fold in seemingly mature states -- a point that if accurate, could augur well for the growth trajectory of US sports wagering industry....
Caesars Stock-Buying Opportunity Near, Says Analyst
Shares of Caesars Entertainment (NASDAQ: CZR) have been in a funk, shedding 14.37% over the past month. But at least one analyst believes the gaming stock has rebound potential, and could be presenting investors with a buying opportunity. Following meetings with Caesars...
Churchill Downs CEO Carstanjen Says TwinSpires Isn’t For Sale
Signaling optimism about the long-term trajectory of pari-mutuel wagering in the US, Churchill Downs (NASDAQ: CHDN) CEO Bill Carstanjen emphatically refuted rumors that the company’s TwinSpires unit is for sale. Carstanjen made those remarks in a conversation with CNBC’s Contessa Brewer earlier...
BetMGM Partnership Unlikely to Be Permanent, Says Entain CEO
Since inception, BetMGM has been a 50/50 joint venture between MGM Resorts International (NYSE: MGM) and Entain Plc (OTC: GMVHY). That will remain the case for the foreseeable future, but a time could come when the partnership dissolves. Entain CEO Jette Nygaard-Andersen...
Gaming Industry Drives $329B in Economic Output, Supports 1.8M Jobs, Says AGA
The domestic casino gaming industry is a powerhouse that accounts for nearly $329 billion in economic activity, according to new research by the American Gaming Association (AGA). In its first deep dive into the industry’s contributions to the US economy since 2018,...
F1 Las Vegas Race Worries ‘Overblown,’ Says Analyst
Formula One Group (NASDAQ: FWONA) stock could be a name to buy as concerns surrounding the series’ upcoming race in Las Vegas are overdone. That’s the take of Citigroup analyst Jason Bazinet. In a new report to clients, he upgraded the stock...
Macau Average Premium Mass Wager Trending Higher
In what could be good news for Macau casino operators, the average wager placed by premium mass bettors visiting the gaming enclave is flirting with record highs. Citigroup’s latest survey of Macau wagering trends, conducted on Oct. 5, confirmed the average bet...
MGM Cyberattack Damage Confined to Q3, Says Analyst
The financial impact of the recent cyberattack suffered by MGM Resorts International (NYSE: MGM) will likely be confined to the third quarter. The avenues are available for the casino operator to repair the damage done to its stock price. That’s the take...
Howard Hughes Holdings Planning New Las Vegas Strip Casino
Howard Hughes Holdings (NYSE: HHH) announced the creation of Seaport Entertainment -- a unit of the company that will control its Las Vegas and New York entertainment assets, potentially including a new Strip casino resort. The newly formed entity will control Howard...
