5215 stories by Todd Shriber
Standard General Pledges to Complete Chicago Casino if it Buys Bally’s
Standard General said it will live up to Bally’s (NYSE: BALY) commitment to build a $1.1 billion casino hotel in Chicago should the regional gaming company accept the hedge fund’s acquisition offer. On Monday, Standard General, which owns 23% of Bally’s equity,...
Caesars Could Consider Share Buybacks, Not Looking at Near-Term M&A
Caesars Entertainment (NASDAQ: CZR) could consider share repurchases if its stock price remains stagnant. The casino giant is also mulling mergers and acquisitions opportunities that would require the issuance of new shares. Caesars CEO Tom Reeg commented on those matters Thursday at...
MGM Open to Casino Opportunities in Thailand, UAE, Says CEO Bill Hornbuckle
The United Arab Emirates is a “fascinating” jurisdiction, and Thailand could be a market that MGM Resorts International (NYSE: MGM) eventually pursues, according to CEO Bill Hornbuckle. He made remarks to that effect Thursday at the J.P. Morgan Gaming, Lodging, Restaurant &...
Kansas City Chiefs Could Alter Stadium if Missouri Approves Sports Wagering
Should Missouri finally approve sports wagering, the Kansas City Chiefs could make alterations to accommodate a retail sportsbook at GEHA Field at Arrowhead Stadium. But for now, no such plans are in the works. Last week, the two-time defending Super Bowl champion...
FanDuel Hailed as Catalyst for Flutter Stock
FanDuel is viewed as a primary catalyst for Flutter Entertainment (NYSE: FLUT) stock, which recently debuted on the New York Stock Exchange (NYSE). That’s the opinion of JPMorgan analyst Estelle Weingrod, who in a new report to clients, upgraded shares of the...
Thai Policymakers Inch Closer to Considering Casino Legislation
The possibility that Thailand will eventually be home to casino resorts is inching closer to reality. That's amid speculation that the House of Representatives studying the issue could submit a report to parliament as soon as next week. It’s expected the committee...
DraftKings Could Benefit from AI Productivity Gains
One of the primary selling points of artificial intelligence (AI) at the corporate level is that the disruptive technology can boost productivity, potentially leading to higher profitability. DraftKings (NASDAQ: DKNG) is a prime example of a gaming operator that can benefit from...
Bally’s Should Accept Standard General Takeover, but Probably Won’t, Says Analyst
Bally’s (NYSE: BALY) should accept the $15 per share acquisition bid floated Monday by Standard General, but the regional casino operator is unlikely to do so, according to an analyst. That’s the view of Wells Fargo analyst Daniel Politzer. He commented on...
Boyd Family, Other Insiders Dump Casino Stock
Members of the Boyd family and other high-ranking executives at Boyd Gaming (NYSE: BYD) have recently been selling shares of the casino stock. Since February 20, Boyd insiders, including Chairman Emeritus Bill Boyd -- son of the company’s founder Sam Boyd --...
Bally’s Forms Committee to Mull Standard General Takeover Bid
Bally’s (NYSE: BALY) announced its board of directors has formed a special committee to evaluate the $15 per share takeover offer floated yesterday by Standard General -- the hedge fund that owns about 23% of the casino operator’s shares outstanding. The move...
