5316 stories by Todd Shriber
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...
Wynn Las Vegas Operations Stand Out Amid Macau Lethargy, Says Analyst
Within the investment community, Wynn Resorts (NASDAQ: WYNN) is typically viewed as a Macau story because the operator’s Wynn Macau entity drives the bulk of its earnings and revenue, but that shouldn’t overshadow an increasingly bullish case for the company’s Las Vegas...
BetMGM, Caesars Join Washington, DC Sports Betting Expansion
Washington, DC’s mobile sports wagering market will open to multiple competitors next week, stripping FanDuel of a brief monopoly. Starting Monday, BetMGM will be live with mobile betting in the District and there are indications Caesars Sportsbook will also be available citywide...
Betway Parent Super Group Latest US Sportsbook Operator to Wave Good-Bye
Another one bites the dust. Super Group (NYSE: SGHC), the parent company of Betway, announced Wednesday that it's departing the US sports wagering market, becoming the latest casualty in an increasingly top-heavy space. The company said the decision to depart the US...
Apax Partners Sells Last of Genius Sports Stake
Apax Partners, LLP sold the last of its 10% interest in Genius Sports (NYSE: GENI), ending a more than six-year relationship between the private equity firm and the sports betting data provider. The full monetization of its Genius stake arrived after Apax...
