3001 stories by Todd Shriber
Ader SPAC Sues Okada Manila Parent for Merger Delays
Jason Ader’s special purpose acquisition company (SPAC) 26 Capital Acquisition Corp. (NASDAQ: ADER) revealed today that it is pursuing litigation against Universal Entertainment and other parent firms of Okada Manila for failure to act on a merger accord that was reached in...
IGT, Light & Wonder Could Be Gaming Tech Stock Stars
Fourth-quarter earnings reports from gaming technology providers will soon arrive. That has some analysts anticipating good news from the industry. In a new report to clients, Stifel analyst Jeffrey Stantial highlighted several slot machine manufacturers, including International Game Technology (NYSE: IGT) and...
Monarch Casino Joins Ranks of Casino Stock Dividend Payers
Monarch Casino & Resort (NASDAQ: MCRI) is joining the sparsely populated ranks of gaming companies that pay dividends. It announced Tuesday a one-time payout, as well as a new quarterly distribution. The Reno-based casino operator will pay a one-time cash dividend of...
Texas Sports Betting Supported by Key Republican
The effort to bring mobile sports wagering to Texas has the support of a key Republican state senator. On Monday, State Sen. Lois Kolkhorst (R-Brenham) introduced Senate Bill 715 (SB 715) and Senate Joint Resolution 39 (SJR 39) in an effort to...
DraftKings Among ARKK ETF Holdings with Big Upside Potential
Following a brutal 2022 in which it lost two-thirds of its value, the famed ARK Innovation ETF (NYSEARCA: ARKK) is on the mend in early 2023, surging 35.32% since the start of the year. There could be more gains in store for...
PlayAGS Announces Internet Slot Deal with DraftKings Casino
Gaming device manufacturer PlayAGS (NYSE:AGS) announced today it reached an agreement with DraftKings (NASDAQ:DKNG) to supply the gaming company with content for its internet slot offerings. Financial terms of the agreement weren’t disclosed. But the pact calls for PlayAGS to provide DraftKings...
MGM Grand Las Vegas Named World’s Largest Hotel Building
The MGM Grand Las Vegas isn’t just the largest casino in Sin City. It’s the largest individual hotel building in the world, according to the World Record Academy. The Academy, which logs a variety of business and personal records, notes MGM Grand...
Boyd Becomes Local Casinos Partner of Las Vegas Raiders
Boyd Gaming and the Las Vegas Raiders have a new partnership, announced Friday. The gaming company will become the exclusive and official local casino partner of the NFL franchise and its home field of Allegiant Stadium. The casino operator also gains “founding...
Regional Casino Stocks Could Prove Sturdy
Gaming equities of all stripes are performing well to start 2023. But regional casino stocks could be among the sturdier names as this year unfolds. As 2022 drew to a close, the investment community expressed fears that regional casinos would be pinched...
Boyd Gaming Pops After Earnings Beat, Price Target Hikes
Shares of Boyd Gaming (NYSE: BYD) surged Friday after the regional casino operator delivered fourth-quarter earnings that beat Wall Street estimates. That prompted a spate of upward price target revisions among analysts covering the company. Late Thursday, Las Vegas-based Boyd said it...
