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Todd Shriber
5663 stories by Todd Shriber
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...
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...
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...
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...
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....
Genting Could Get Thailand Boost, Faces New York Headwinds, Says Research Firm
Genting Group could benefit from the surprisingly efficient pace at which Thailand is considering casino regulations, but the opposite scenario in New York could be a headwind to the Malaysian gaming giant. That’s the take...
Wynn Making Progress on UAE Build, Tower Could Be Finished in Late 2025
Wynn Resorts (NASDAQ: WYNN) provided an update on its Wynn Al Marjan Island integrated in Ras Al Khaimah, United Arab Emirates (UAE), noting that the 300-meter-tall resort tower could be topped off in the fourth...
Everi Scraps Buyback Plan, Could Pay Special Dividend
Everi Holdings (NYSE: EVRI) announced Monday that it's ending a previously announced $130 million share repurchase program and that it could consider paying a special dividend as a way of deploying the capital remaining on...
DraftKings Stock Surges as Analysts Rush to Lift Price Targets
Following a surprise sell-off Friday on the back of a strong first-quarter earnings report, DraftKings (NASDAQ: DKNG) recouped those losses Monday as a slew of analysts boosted price targets on the high-flying stock. On above-average...
Churchill Downs Says Kentucky Derby Betting Toppled Records
Shares of Churchill Downs (NASDAQ: CHDN) notched some upside Monday after the gaming company said wagering on Saturday’s Kentucky Derby hit an all-time high. That was true of the Kentucky Derby Day program and the...
