5448 stories by Todd Shriber
Queens Casino Backers Push Ramos to See Things Their Way
Scores of Queens business owners, civic leaders, and residents gathered at State Sen. Jessica Ramos' (D-Queens) office Monday in an effort to push the legislator to support plans for a new casino in the borough. The gaming venue would be part of...
Emmett Opposes PlayAGS Takeover Bid, Says Brightstar Offer Undervalues Company
Emmett Investment Management, a money manager focusing on mid- and small-cap stocks, penned a letter to PlayAGS (NYSE: AGS) investors on Tuesday telling them they should oppose the $1.1 billion takeover offer floated on May 9 by Brightstar Capital Partners. The board...
Games Global Pulls Plug on IPO, Cites Market Conditions
Games Global, a developer of casino games for the iGaming industry, scrapped plans for an initial public offering (IPO). The move came on Monday, roughly a month after the company filed for its initial stock sale. In a Form F-1 filing with...
Boyd Bounces on New $500 Million Buyback Plan
Shares of Boyd Gaming (NYSE: BYD) delivered a much-needed bounce early Monday after the regional casino operator announced a new $500 million share repurchase program. The Las Vegas-based company said its board of directors approved the buyback plan. Boyd also declared a...
MGM Will Be Held to Host City Agreement in Possible Springfield Casino Sale, Say Officials
Nearly two months ago, reports surfaced that MGM Resorts International (NYSE: MGM) is mulling the sale of its regional casinos in Ohio and Springfield, Mass. Officials in the Massachusetts city said they intend to hold the gaming company to the terms of...
Golden Entertainment Sees Buybacks Preferable to Nevada Acquisitions
Golden Entertainment (NASDAQ: GDEN) dramatically reduced debt while announcing its first-ever quarterly dividend. Such efforts, including share buybacks, could be the casino operator’s preferred avenues for returning capital to shareholders rather than acquiring gaming venues in Nevada. Last month, the Strat operator...
PlayAGS Soars on Deal to Be Acquired by Brightstar for $1.1B
Shares of slot machine maker PlayAGS (NYSE: AGS) surged 26.56% Thursday on volume that was 35 times the daily average after the company said it has agreed to be acquired by Brightstar Capital Partners for $1.1 billion. The offer from the private...
MGM Resorts (NYSE: MGM): IAC Now Owns 20% International Shares
Barry Diller’s IAC/InterActiveCorp (NASDAQ: IAC) now controls 20% of MGM Resorts International’s (NYSE: MGM) shares outstanding, making the conglomerate by far the largest investor in the casino giant. In his first-quarter letter to investors, which coincided with the company’s earnings report out...
Wynn Sees UAE Spend of $900M, Confirms Interest in Thailand Casino
Wynn Resorts (NASDAQ: WYNN) expects to contribute approximately $900 million to the Wynn Al Marjan Island integrated resort in Ras Al Khaimah, United Arab Emirates (UAE). That’s according to comments made by Craig Billings on the gaming company’s first-quarter earnings conference call...
Virgin Taking Over Las Vegas Casino Ops, Mohegan Out
Virgin Hotels Las Vegas and Mohegan Gaming & Entertainment announced on Tuesday that Virgin Las Vegas is entering a “transition period,” which will ultimately result in Virgin taking over casino operations at the off-Strip property. Following the conclusion of that transition, Mohegan...
