5402 stories by Todd Shriber
888 Activists Propose New Management Team with Kenny Alexander as CEO
FS Gaming Investments, the group that last week revealed a 6.57% stake in 888 Holdings, is putting forth a new management slate. That includes former GVC CEO Kenny Alexander for the same role at the embattled William Hill parent. Reportedly, the Alexander-backed...
MVB Financial Top Bank Bet on iGaming Momentum, Says Analyst
Investors looking to access the growth in iGaming and online sports betting without making direct wagers on gaming companies may have an interesting option to consider in MVB Financial (NASDAQ: MVBF). The West Virginia-based community bank isn’t a well-known bank brand on...
Fontainebleau Las Vegas Hires Former Red Rock GM Tricano as President
Fontainebleau Las Vegas announced Monday that it's hired Mark Tricano as president of the Strip venue, which is slated to open in December. CEO Brett Mufson was serving as president of the property in a provisional capacity. He’ll cede that role to...
El Cortez Readies Barbie Suite in Advance of Movie
Come on, Barbie, let’s go party … at the El Cortez in downtown Las Vegas. The casino hotel’s Jackie Gaughan Suite features a room splashed in the iconic pink color that’s long been a staple of the famed Mattel doll. It’s good...
Penn Entertainment Sentiment Might Not Get Much Worse
While casino stocks, including those of some regional operators, are performing admirably in 2023, the opposite is true of Penn Entertainment (NASDAQ: PENN). Shares of the largest regional casino operator are down 11.78% year-to-date, while rivals including Boyd Gaming (NYSE: BYD) and...
DraftKings, Genius Sports Seen as North Carolina Sports Betting Winners
To the delight of the sports wagering industry and some in the investment community, North Carolina’s General Assembly passed mobile sports betting legislation on Wednesday. Gov. Roy Cooper (D) will sign the bill into law, and it’s expected online sports betting will...
SciPlay Board Forms Committee to Evaluate Light & Wonder Takeover Bid
SciPlay (NASDAQ: SCPL) announced Thursday that its board of directors has formed a special committee to consider Light & Wonder’s (NASDAQ: LNW) recently revealed offer. The bid seeks to acquire the 17% of the social casino developer it doesn’t already own. Last...
Playtika Rallies on Rumored Interest of Private Equity Firms
Shares of mobile games developer Playtika (NASDAQ: PLTK) surged Thursday. That's following a report indicating at least two private equity firms are considering a takeover of the gaming company. Dealreporter reported Thursday that Advent International and CVC Capital Partners are kicking the...
IGT to Explore Alternatives for Global Gaming, PlayDigital Units, Shares Soar
International Game Technology (NYSE: IGT) was one of Thursday’s best-performing gaming equities after the slot machine manufacturer said it will explore strategic alternatives for its global gaming and PlayDigital units. Those options could include sales, mergers, or spin-offs of the businesses, or...
Golden Nugget Could Be Savior of Danville Pensions
Illinois is ground zero for the ticking time bomb that is this country's state-level public pension system. But Danville is hoping the new Golden Nugget will help the city avert a retirement plan crisis. A temporary version of the Golden Nugget Danville...
