5316 stories by Todd Shriber
MGM Could Wait Before Bidding Anew for Entain
If MGM Resorts International (NYSE: MGM) is mulling another acquisition bid for Entain Plc (OTC: GMVHY), it could take a while for that offer to come to light. That’s the take of Jefferies analyst James Wheatcroft who, in a new note to...
Mercedes to Ban F1 Team from Las Vegas Casinos, Aston Martin May Follow Suit
The Las Vegas Grand Prix, Formula One’s (F1) much-ballyhooed return to Sin City, commences this week, with the race slated for Saturday night. Some teams are already taking steps to keep drivers and employees focused on the task at hand. Mercedes team...
IGT Slump Symptom of Speculation, Not Fundamental Erosion, Says Analyst
Shares of International Game Technology (NYSE: IGT) are off 13.37% over the past month and are 22% to the downside removed from the stock’s 52-week high, exceeding the definition of a bear market. But at least one analyst believes the slump is...
Macau Casino Stocks are Again Deeply Discounted
Third-quarter earnings updates from the six Macau concessionaires were mostly strong. But shares of the casino operators haven’t reacted, and the stocks are now unusually discounted. So much so that the combined market capitalization of the six gaming companies doing business in...
Sands Nassau County Casino Effort Scores Win in New York Appeals Court
Late Friday, the appellate division of the New York State Supreme Court put a hold on a state Supreme Court ruling that the blocked lease transfer of Nassau Veterans Memorial Coliseum in Uniondale, NY. That’s the property on which Las Vegas Sands...
Court Voids Nassau Coliseum Lease Transfer for Sands New York Casino Plan
A New York State Supreme Court justice Thursday annulled a previously agreed to lease transfer of Nassau Veterans Memorial Coliseum in Uniondale, NY -- the site where Las Vegas Sands is looking to construct a $4 billion casino hotel. In May, the...
Flutter Highlights FanDuel Strength, Plans NYSE Listing for Q1
In its third-quarter trading update, Flutter Entertainment (OTC: PDYPY) cited strength in its FanDuel unit, while telling investors it plans to proceed with a U.S. share listing in the first quarter of 2024. As rival DraftKings (NASDAQ: DKNG) did last week, Flutter...
DraftKings Reportedly Approached 888 Investors About Takeover
DraftKings (NASDAQ: DKNG) reportedly held takeover talks with major investors of William Hill owner 888 Holdings Plc (OTC: EIHDF) over the summer. Citing unidentified sources familiar with the matter, The Financial Times reported the news earlier Thursday. Boston-based DraftKings is said to...
MGM Beats Q3 Earnings Despite Cyberattack, Unveils New $2B Buyback Plan
Shares of MGM Resorts International (NYSE: MGM) rose slightly during Wednesday after-hours trading session after the largest operator on the Las Vegas Strip delivered estimate-beating third-quarter results despite the adverse effects of a September ransomware attack. The Cosmopolitan operator said it earned...
Sands China’s Londoner Only Macau Hotel on China 10 Best List
Sands China’s Londoner Macau on the Cotai Strip was included on the 2023 Condé Nast Traveler Gold List, making it the only hotel in the gaming mecca to garner “China Top 10 Hotels” designation from the publication. Condé Nast Traveler is a...
