4030 stories by Todd Shriber
IGT/Everi Merger Could Deliver Vital Scale, Says Analyst
In what remains one of the largest gaming industry transactions to this point in 2024, in February International Game Technology (NYSE: IGT) announced the merger of its global gaming and PlayDigital units with Everi (NYSE: EVRI) in a $6.2 billion transaction. Often,...
Regional Casino Stocks Attractive on Valuation, Says Raymond James
It’s been a rough start to 2024 for regional casino stocks, but some analysts see valuation opportunity in the downtrodden group. In a new report to clients, Raymond James analyst RJ Milligan initiated coverage of Boyd Gaming (NYSE: BYD) and Penn Entertainment...
Macau Casino Stocks Could Outperform Las Vegas Rivals, Says Analyst
With Las Vegas lacking catalysts and Macau having more room to run back to pre-coronavirus visitation levels, shares of casino operators with exposure to the Chinese territory could outperform Sin City-focused counterparts over the next year. That’s the take of CFRA Research...
New York Pols Push Bills to Accelerate Casino Approvals
With just 11 days left in this year’s legislative session, a pair of New York policymakers are pushing bills aimed at accelerating the currently sluggish process of awarding three downstate casino permits. In their respective houses of the legislature, Sen. Joseph Addabbo...
Hard Rock, Others Rumored to Be Interested in Buying Star Entertainment
***UPDATE: In a statement issued earlier Monday, Hard Rock International said it is not involved in discussions with Star Entertainment. "Hard Rock International would like to address recent reports regarding a proposed purchase of the Star Entertainment Group Limited (Star) in Australia....
Genting Chairman Lim Expresses Interest in UAE Casino
Add Genting Group to the list of global gaming giants that could pursue entry into the United Arab Emirates (UAE) if casino resorts are approved there. At the company’s annual meeting last month, Chairman Lim Kok Thay told Genting Singapore shareholders that...
ValueAct Takes $78 Million Stake in FanDuel Parent Flutter Entertainment
ValueAct, a San Francisco-based hedge fund, took a stake in FanDuel parent Flutter Entertainment (NYSE: FLUT) in the first quarter. The money manager bought 495,135 shares of the Dublin-based gaming company valued at $78.18 million in the first three months of the...
Sportradar Could See DraftKings-Like Resurgence, Says Fund Manager
On the back of a strong first-quarter earnings report, Sportradar (NASDAQ: SRAD) surged on Wednesday. Prior to that, shares of the sports betting data provider did a lot of nothing for an extended period of time. One professional money manager believes the...
Gaming and Leisure Paying $105M for Three Nevada, South Dakota Casinos
Gaming and Leisure Properties (NASDAQ: GLPI) said Thursday it's paying $105 million to Strategic Gaming Management, LLC to acquire the property assets of three casinos in Nevada and South Dakota. The properties being purchased by the real estate investment trust (REIT) are...
IAC Boss Diller Lands Full Nevada Gaming License
IAC/InterActiveCorp (NASDAQ: IAC) Chairman Barry Diller earned an unrestricted Nevada gaming license Thursday after the Nevada Gaming Commission (NGC) voted 4-1 in favor of granting him that status. That ends a more than two-year saga in which Diller held a restricted license...
