4975 stories by Todd Shriber
Caesars Selling $1.5B in Bonds, Gets Access to New $2B Term Loan
Caesars Entertainment (NASDAQ: CZR) said Wednesday that it’s selling $1.5 billion worth of corporate debt to qualified institutional buyers in a private placement. Proceeds from the sale of those bonds, which mature in 2032, along with a portion of a newly accessed...
Barstool Sports, DraftKings Rumored to Be in Partnership Talks
David Portnoy’s Barstool Sports and DraftKings (NASDAQ: DKNG) are reportedly in advanced discussions regarding a marketing partnership. That could see the sports media entity reenter the betting space following its recent divorce from Penn Entertainment (NASDAQ: PENN). Sportico reported Wednesday that Barstool...
Red Rock Resorts Price Target Raised on Las Vegas Locals Strength
Red Rock Resorts (NASDAQ: RRR) continues to be favored by sell-side analysts, another of whom has raised the price target on the casino operator. Citing strength in the Las Vegas locals segment and potential upside to be accrued from the new Durango...
Bally’s, Chicago Should Redo Casino Approval Process, Says Editorial
It was revealed last week that Bally’s will have to construct a hotel tower for its permanent Chicago casino in a new location because of municipal water pipes under Chicago Tribune’s Freedom Center. Shifting the location of the proposed 100-room hotel is...
Fontainebleau Las Vegas Sheds Fourth Exec in a Month
Fontainebleau Las Vegas has been open for roughly a month, and it’s already making an ominous habit of losing high-ranking executives. The new Strip venue confirmed Tuesday that Vice President of Revenue Management Angie Dobney is no longer with the resort. She...
Dallas City Council Split on Casinos
Amid incremental momentum for Dallas becoming home to a casino hotel, the city council has diverging viewpoints on the issue. Sivan and Patrick Dumont and an entity tied to Las Vegas Sands (NYSE: LVS) acquiring 108 acres of land near Texas Stadium...
New York Nepotism: Hochul Appoints Daughter of Casino Lobbyist
Gov. Kathy Hochul (D-NY) could be fostering criticism for nepotism with her latest appointment to the New York Gaming Commission (NYGC). The Democrat appointed Marissa Shorenstein to the commission. Shorenstein is the daughter of Stuart Shorenstein, a long-time gaming lobbyist in New...
Barstool Sports Inks Deal with Rumble
Barstool Sports announced Monday that it's teaming up with Rumble (NASDAQ: RUM), the right-leaning video-sharing platform. Financial terms of the deal weren’t disclosed, but news of the agreement sent shares of Florida-based Rumble higher by more than 32% in volume, which is...
International Game Technology Cutting Debt in Impressive Fashion
International Game Technology (NYSE: IGT) has notably reduced its debt, potentially positioning itself to meet management leverage targets over the next several years. Supported by strong third-quarter earnings growth, the gaming device manufacturer is expected to have driven earnings before interest, taxes,...
Golden Nugget Danville Casino Already Helps Charities, Public Pensions
The Golden Nugget Danville Casino opened last May in Illinois. Since then, revenue from the property has been a boon to local charities and previously ailing public pensions. While the city forecasts $2 million in yearly receipts in casino revenue alone, the...
