5210 stories by Todd Shriber
Bally’s Investor Urges Against Takeover Bid, Suggests Alternatives for Chicago Casino
K&F Growth Capital, which is one of the largest Bally’s (NYSE: BALY) shareholders, sent a letter to the company’s board of directors on Tuesday urging it to reject a recently proposed takeover bid and to mull alternatives for large-scale projects, including a...
Bally’s Hit with Another Credit Rating Downgrade
Bally’s (NYSE: BALY) accomplished a dubious trifecta as its credit rating has been lowered by a third major ratings agency. On Monday, Fitch Ratings downgraded the regional casino operator’s credit grade to “B” from “B+”, citing increasing leverage. The research firm has...
Queens Casino Has Limited Support, According to Ramos Poll
There’s scant appetite for a casino in Queens, New York, according to a poll conducted at the request of New York State Sen. Jessica Ramos, the Democrat who represents a portion of the borough. Ramos recently said that she wanted more insight...
Caesars Stock Can Shed Laggard Status
Shares of Caesars Entertainment (NASDAQ: CZR) are lower by 5.4% year to date. That’s a far cry from the gains notched by the S&P 500, the VanEck Gaming ETF (NYSEARCA: BJK), and the broader consumer discretionary sector. On the other hand, the...
Red Rock Resorts Stock Primed for Upside, Says Analyst
Shares of Red Rock Resorts (NASDAQ: RRR) are on a blistering pace to start 2024 as highlighted by a first-quarter gain of 17.3%, outpacing a slew of small-cap indexes of which the stock is a member. Some analysts believe there’s more upside...
Thailand Casinos Inch Closer to Reality, Could Open before MGM Osaka
Thailand is getting closer to legalizing casino resorts after its House of Representatives on Thursday easily passed legislation allowing entertainment complexes, which would include gaming venues. Of the 257 House members in attendance, 253 voted in favor of the casino gaming legislation....
Queens Councilman Moya Supports Cohen Casino Plan, But Ramos Still Holding Out
Queens Councilman Francisco Moya (D- 21st Council District) said Thursday he supports Steve Cohen’s vision to the transform the Willets Point area into a sprawling, $8 billion entertainment complex including a casino hotel. Moya, whose district includes Corona, East Elmhurst, Jackson Heights,...
Las Vegas Sands Starts Petition Drive to Bring Casinos to Texas
Las Vegas Sands (NYSE: LVS), the largest domestic gaming company by market capitalization, has filed a new petition to bring casino gaming to Texas. The Las Vegas-based gaming company is behind the Texas Destination Resort Alliance, which wants to give Texans the...
MGM CEO Bill Hornbuckle Among US Bosses Who Met with Chinese Leader Xi
MGM Resorts International (NYSE: MGM) CEO Bill Hornbuckle was a part of a group of chief executive officers of U.S.-based companies that met with Chinese President Xi Jinping in Beijing on Wednesday. Other participants included Blackstone Group CEO Stephen Schwarzman, Chubb CEO...
DraftKings Would Feel Little Impact from College Prop Betting Ban, Say Analysts
A proposed ban on college proposition wagers would likely have minimal impact on DraftKings (NASDAQ: DKNG), according to sell-side analysts covering the company. Several analysts chimed in on the matter on Thursday. That was a day after shares of the online sportsbook...
