4283 stories by Todd Shriber
Nassau County Exec Bruce Blakeman Unveils Plans for New Sands Lease
Nassau County Executive Bruce Blakeman said earlier this week his office is working on an amended lease agreement between the county and Las Vegas Sands that could smooth the gaming firm's efforts to win one of three downstate casino licenses in New...
DraftKings Posts Surprise Q1 EPS Profit, Again Lifts 2024 Guidance
DraftKings (NASDAQ: DKNG) delivered first-quarter results Thursday, telling investors it posted an unexpected first-quarter earnings per share (EPS) profit while again lifting 2024 revenue guidance. On the basis of non-generally accepted accounting principles (non-GAAP), the sportsbook operator earned three cents per share...
Flutter Investors Approve Primary Listing Move to NYSE
Flutter Entertainment (NYSE: FLUT) shareholders on Wednesday approved the gaming company’s plan to move its primary listing to the New York Stock Exchange (NYSE) from the London Stock Exchange (LSE). Shares of the FanDuel parent have been trading in New York since...
Bally’s Not Rushing Tropicana Redevelopment, Sees Chicago Casino Opening Q3 2026
On its first-quarter earnings conference call Wednesday evening, Bally’s (NYSE: BALY) told analysts it’s not rushing the issue of redeveloping the site of the Tropicana Las Vegas, and that it expects its permanent Chicago casino will open in the third quarter of...
VICI to Provide up to $700M for Venetian Las Vegas Enhancements
VICI Properties (NYSE: VICI) said late Wednesday it will provide up to $700 million in financing for enhancements at the Venetian Resort Las Vegas. That capital will be provided through VICI’s Partner Property Growth Fund strategy and was announced on the day...
MGM Q1 Results Hit Record Helped by Las Vegas, Marriott Partnership
MGM Resorts International (NYSE: MGM) delivered record first-quarter results on Wednesday, helped in part by the operator’s Las Vegas Strip casino hotels and a recently launched points partnership with Marriott International (NASDAQ: MAR). The Aria operator said it generated earnings per share...
Gaming CEOs Mostly Bullish, But See Some Challenges
Gaming chief executive officers (CEOs) are mostly constructive on the near-term outlook for the industry while holding more enthusiastic attitudes about long-term trends. A recent survey by the American Gaming Association (AGA) indicates 94% of gaming CEOs queried view the current business...
Caesars Open to Selling ‘Non-Core’ Casinos to Reduce Debt
Shares of Caesars Entertainment (NASDAQ: CZR) rebound Wednesday from a post-earnings report slide late Tuesday and the gaming company’s reiterated commitment to reducing debt could be one reason behind today’s bounce back by the stock. Caesars has been using excess free cash...
Caesars Q1 Results Miss Estimates as Regional Casinos, Sports Betting Lag
Shares of Caesars Entertainment (NASDAQ: CZR) slumped during Tuesday’s after-hours session, extending declines following a 4.7% drop during normal trading hours after the casino operator posted first-quarter results that badly missed Wall Street forecasts. The Harrah’s operator said it lost 73 cents...
DraftKings, Everi Among Gaming Companies on Best Places to Work List
DraftKings and Everi are among the gaming companies appearing on the 2024 version of Energage’s "Top Workplaces USA 2024" list. For Everi, a Las Vegas-based gaming device manufacturer and fintech firm, this year marks its third consecutive appearance on the rankings. Everi,...
