Main menu
Todd Shriber
5661 stories by Todd Shriber
Mazaii to Be Acquired by Las Vegas SPAC in $500 Million Deal
Mazaii, a Canadian provider of iGaming games and solutions, will be acquired by blank-check firm Relativity Acquisition Corp. (NASDAQ: RACY) in a deal valuing the target at an initial enterprise value of $500 million. The...
Crypto Casino Founder Kim Admits to Losing Investor Cash on Sour Bitcoin Bets
Richard Kim, the founder of cryptocurrency casino ZeroEdge, admitted to losing $3.67 million in investor capital on leveraged bitcoin trades that went awry. Kim resigned from the startup gaming entity earlier this month. In an...
Bally’s Chicago Deal Could Be Playbook for Tropicana Las Vegas
Last Friday, Bally’s (NYSE: BALY) unveiled a broad agreement with Gaming and Leisure Properties (NASDAQ: GLPI) under which the real estate investment trust (REIT) will provide much-needed financing for the gaming company’s permanent Chicago casino....
MGM Stock Sporting Attractive Risk/Reward Says Analyst
After dithering for much of this year, shares of MGM Resorts International (NYSE: MGM) are on a torrid pace as of late, as highlighted by a gain of 7.53% over the past week and 13.51%...
Bally’s Plugs Chicago Casino Funding Gap in $2B Deal with GLPI
Shares of Bally’s (NYSE: BALY) surged Friday after the gaming company announced it will strike deals with Gaming and Leisure Properties (NASDAQ: GLPI) for an aggregate of $2.07 billion in financing. That closes an $800...
The High Line Announces Opposition to Wynn New York Casino
The High Line, a nonprofit group named after a park on the West Side of Manhattan, launched the “Protect the High Line” campaign in opposition to plans by Related Cos. and Wynn Resorts to bring...
Blackstone’s Crown Resorts Sells Nobu Stake, Turns Tidy Profit
Crown Resorts, the Australian casino operator controlled by US private equity Blackstone (NYSE: BX), sold its 20% interest in the posh Nobu hotel-restaurant chain. As is often par for the course with Blackstone, an impressive...
Strat Could Be Mirage Closing Winner, Says Analyst
With the Tropicana shuttered in April, and with the Mirage heading for a temporary closure starting July 17, it doesn’t take an expert to figure out that room supply on the Las Vegas Strip is...
Wynn Las Vegas Operations Stand Out Amid Macau Lethargy, Says Analyst
Within the investment community, Wynn Resorts (NASDAQ: WYNN) is typically viewed as a Macau story because the operator’s Wynn Macau entity drives the bulk of its earnings and revenue, but that shouldn’t overshadow an increasingly...
BetMGM, Caesars Join Washington, DC Sports Betting Expansion
Washington, DC’s mobile sports wagering market will open to multiple competitors next week, stripping FanDuel of a brief monopoly. Starting Monday, BetMGM will be live with mobile betting in the District and there are indications...
