3996 stories by Todd Shriber
Fanatics Valuation Jumps to $31B Following $700M Capital Raise
Florida-based collectibles, sports apparel, and sports wagering company Fanatics’ valuation has risen to $31 billion. That's after the company raised $700 million from a group of investors. That’s a significant increase from a $27 billion valuation revealed in March, and one that’s...
Red Rock Resorts Unloads Land Near Durango Project for $23.9M
Last week, Red Rock Resorts (NASDAQ: RRR) closed on the sale of 21.3 acres of land next to its Durango casino hotel project in Southwest Las Vegas. The gaming company sold the land to real estate developer Ovation Development Corp. for $23.9...
Sands China Paying Up to $377M to Las Vegas Sands for Macau Trademarks
Sands China is paying parent company Las Vegas Sands as much as $377 million to continue using Sands-related trademarks in Macau as part of a new three-year agreement starting Jan. 1, 2023. The current agreement between the parties expires on December 31....
Macau Recovery Could Be Supported by Mass Market Table Games
Long-running hopes for a gaming industry recovery in Macau could arrive in 2024, and might find support from mass market table games. That’s the take of JPMorgan analysts led by DS Kim, who notes Macau operators’ earnings before interest, taxes, depreciation and...
MGM Stock Has Makings of 2023 Casino Winner, Analyst Claims
On a mostly rough day for casino equities, MGM Resorts International (NYSE: MGM) gained almost 2% Monday with the help of bullish sell-side commentary. In a note to clients today, Truist analyst Barry Jonas upgraded shares of the Bellagio operator to “buy”...
VICI Providing Financing for Century Casinos Missouri Renovations
VICI Properties (NYSE:VICI) is providing financing to Century Casinos (NASDAQ:CNTY) so that the gaming operator can refurbish its eponymous Caruthersville, Mo. casino-hotel. Last Friday, Century broke ground on the enhancements, which are expected to cost $51.9 million. To finance the project, it...
Jay-Z Joins Caesars, SL Green in Times Square Casino Bid
The plan to bring a casino to Times Square now has a famous face accompanying Caesars Entertainment and real estate developer SL Green, as rapper Jay-Z joined the group. Specifically, Jay-Z's Roc Nation entertainment agency is partnering with Caesars and SL Green...
Inflation Could Take Bite Out of Las Vegas Vibrancy
Data confirms that the gaming industry, including Las Vegas-based casino-hotels, has been resilient in the face of high inflation this year. But some economists believe soaring consumer prices are finally pinching the US gaming mecca. A recent report from the Center for...
Entain Stock Has World Cup Benefits and More
As the operator of several of Europe’s most prominent sportsbook brands, Entain Plc (OTC:GMVHY) stands as an obvious beneficiary of World Cup betting. That’s particularly true with European nations, including England, representing eight of the 16 teams left in the tournament. The...
Las Vegas Sands Mulling Long Island as Site of New York Casino
Las Vegas Sands is said to be considering multiple sites on Long Island as potential homes for a New York-area casino. Former New York Gov. David Paterson (D), now a senior vice president at the gaming company, is pushing his employer to...
