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Todd Shriber
5659 stories by Todd Shriber
Gaming and Leisure Upgraded on Pipeline, Rate Outlook
Casino landlord Gaming and Leisure Properties (NASDAQ: GLPI) traded slightly higher Wednesday after an analyst upgraded the stock. In a new report to clients, Deutsche Bank analyst Carlo Santarelli upgraded the real estate investment trust...
Bally’s Investors Approve Standard General Takeover
Bally’s (NYSE: BALY) announced Tuesday that its shareholders approved a previously announced takeover by Standard General, the hedge fund that’s the biggest investor in the regional casino operator. In March, Standard General, which is controlled...
Las Vegas Sands Seeking $9 Billion Loan for Singapore Expansion
Las Vegas Sands’ (NYSE: LVS) Marina Bay Sands is rumored to be seeking a $9 billion loan to pay for expansion plans at the prestigious Singapore casino resort. Should the operator procure financing at or...
VICI Makes Jump to IG Status Following Moody’s Upgrade
Casino landlord VICI Properties (NYSE: VICI) landed another investment-grade credit rating after Moody’s Investors Service upgraded the real estate investment trust (REIT) on Monday. In a report out on Monday, the agency lifted its rating...
Sportsbook Betting Pauses on College Games Last Longer Than Those on NFL Games
It’s common for sportsbook operators to temporarily pause acceptance of wagers on certain games if large, odds-altering money has come in on those contests. There’s no uniformity for how long these halts last, but recent...
Cisco, MGM Reach Wide-Ranging Technology Agreement
Cisco (NASDAQ: CSCO) and MGM Resorts International (NYSE: MGM) today announced an expansive technology agreement under which the casino operator gains access to much of Cisco’s software portfolio, including tools aimed at enhancing customer experiences....
FanDuel, MLBPA Settle NIL Suit
The Major League Baseball Players Association (MLPBA) settled litigation with FanDuel over the sportsbook operator’s alleged unauthorized use of union members’ name, image, and likeness (NIL). In September, the union representing the league’s athletes sued...
Fertitta Unlikely to Pursue Wynn Takeover, Says Analyst
Tilman Fertitta increased his stake in Wynn Resorts (NASDAQ: WYNN) to nearly 10% of the shares outstanding, but one analyst believes the Golden Nugget chief executive officer is unlikely to purse an acquisition of his...
Long Island Casino Environmental Review to Be Released
An environmental impact study regarding Las Vegas Sands’ proposal to build a casino hotel at Nassau Veterans Memorial Coliseum in Uniondale, NY could soon be released. On Wednesday, the Nassau County Legislative Rules Committee unanimously...
DraftKings SPAC Boss Dumps 250K Shares
Harry Sloan, one of the founders of the blank-check company that brought DraftKings (NASDAQ: DKNG) public, sold 250K shares of the gaming company. That sale occurred on Tuesday, according to a Form 4 filed with...
