5359 stories by Todd Shriber
Monarch Casino Leading Way in Fast-Growing Colorado Gaming Market
Monarch Casino & Resort’s (NASDAQ: MCRI) eponymous gaming venue in Black Hawk, Colo. has established itself as the leader in that rapidly growing regional casino market. Jefferies analyst David Katz said as much in a recent note to clients, observing that Monarch...
DraftKings, Genius Sports Top Picks as Online Betting Booms
DraftKings (NASDAQ: DKNG) and Genius Sports (NYSE: GENI) are top gaming equity ideas at Macquarie, with the research firm forecasting significant second-quarter growth in iGaming and online sports betting (OSB) revenue. In a note to clients on Wednesday, analyst Chad Beynon forecast...
Mazaii to Be Acquired by Las Vegas SPAC in $500 Million Deal
Mazaii, a Canadian provider of iGaming games and solutions, will be acquired by blank-check firm Relativity Acquisition Corp. (NASDAQ: RACY) in a deal valuing the target at an initial enterprise value of $500 million. The deal signals there's still a strong appetite...
Crypto Casino Founder Kim Admits to Losing Investor Cash on Sour Bitcoin Bets
Richard Kim, the founder of cryptocurrency casino ZeroEdge, admitted to losing $3.67 million in investor capital on leveraged bitcoin trades that went awry. Kim resigned from the startup gaming entity earlier this month. In an extensive Substack post, he admitted to misdeeds...
Bally’s Chicago Deal Could Be Playbook for Tropicana Las Vegas
Last Friday, Bally’s (NYSE: BALY) unveiled a broad agreement with Gaming and Leisure Properties (NASDAQ: GLPI) under which the real estate investment trust (REIT) will provide much-needed financing for the gaming company’s permanent Chicago casino. At least one analyst believes the accord...
MGM Stock Sporting Attractive Risk/Reward Says Analyst
After dithering for much of this year, shares of MGM Resorts International (NYSE: MGM) are on a torrid pace as of late, as highlighted by a gain of 7.53% over the past week and 13.51% over the past month. Analysts are bullish...
Bally’s Plugs Chicago Casino Funding Gap in $2B Deal with GLPI
Shares of Bally’s (NYSE: BALY) surged Friday after the gaming company announced it will strike deals with Gaming and Leisure Properties (NASDAQ: GLPI) for an aggregate of $2.07 billion in financing. That closes an $800 million shortfall the operator faced on its...
The High Line Announces Opposition to Wynn New York Casino
The High Line, a nonprofit group named after a park on the West Side of Manhattan, launched the “Protect the High Line” campaign in opposition to plans by Related Cos. and Wynn Resorts to bring a casino hotel to that part of...
Blackstone’s Crown Resorts Sells Nobu Stake, Turns Tidy Profit
Crown Resorts, the Australian casino operator controlled by US private equity Blackstone (NYSE: BX), sold its 20% interest in the posh Nobu hotel-restaurant chain. As is often par for the course with Blackstone, an impressive profit was wrung from the divestment. Crown...
Strat Could Be Mirage Closing Winner, Says Analyst
With the Tropicana shuttered in April, and with the Mirage heading for a temporary closure starting July 17, it doesn’t take an expert to figure out that room supply on the Las Vegas Strip is declining. Some experts and analysts have stated...
