5316 stories by Todd Shriber
26 Capital Calls Okada Manila Countersuit ‘Desperate’ Strategy
Jason Ader’s 26 Capital Acquisition Corp. (NASDAQ: ADER) called a recent countersuit by the casino’s parent company “desperate.” That's the same blank-check company attempting to bring Okada Manila public in the US. The special purpose acquisition company (SPAC) was recently hit with...
Credit Suisse Collapse Won’t Affect Nagasaki Casino Plans
UBS is acquiring rival Swiss bank Credit Suisse for $3.25 billion in a transaction that some experts say is really a bailout. But it may not harm Nagasaki’s efforts to procure financing for casino-resort plans. Last year, Nagasaki Governor Kengo Oishi mentioned...
Bosworth Departing Role at Helm of Virgin Las Vegas
Richard “Boz” Bosworth will leave his role as chief executive officer of Virgin Las Vegas at the end of this month. Vital Vegas broke the news Sunday, noting Bosworth has been at the helm of the off-Strip casino resort since it opened...
Flutter Stock Could Be Fantastic Thanks to FanDuel
Flutter Entertainment (OTC: PDYPY) is based in Dublin and its stock trades in London. But analysts and professional investors believe the gaming company’s US exposure can support more upside in the shares. The bulk of the operator’s US footprint is attributable to...
DraftKings Hit with Class Action Stemming from Plunging NFT Prices
DraftKings (NASDAQ: DKNG) was slapped with a federal class action lawsuit this week related to tumbling values of the non-fungible tokens (NFTs) offered on the company’s DraftKings Marketplace. An NFT is a unit of data stored on the blockchain. NFTs can be...
Pornhub Acquired by Private Equity Shop with Mostly Female Advisory Board
Canadian private equity shop Ethical Capital Partners has made its first deal, announcing the acquisition of Pornhub owner MindGeek. Financial terms of the transaction weren’t disclosed. Luxembourg-based MindGeek is privately held, and Pornhub has an estimated value of $1.5 billion. The company...
Barstool Boss David Portnoy Blasts Biden Silicon Valley Bank Bailout
Count Barstool Sports founder David Portnoy among those irked by President Biden rapidly moving to bail out now-crippled SVB Financial (NASDAQ: SIVB) -- the parent of Silicon Valley Bank (SVB). In an interview with Fox Business on Thursday, Portnoy said Silicon Valley...
Wynn Sees UAE Construction Starting in Weeks, Bullish on Macau
Wynn Resorts (NASDAQ: WYNN) expects that construction on its casino resort on Al-Marjan Island in the United Arab Emirates (UAE) will commence in a matter of weeks, forecasting a 2027 debut. Wynn CFO Julie Cameron Doe made related remarks at the J.P....
MGM Sees 2024 Convention Rebound, Bullish on BetMGM
MGM Resorts International (NYSE: MGM) executives expect a modest decline in Las Vegas Strip convention and meeting business this year, with a more earnest rebound materializing in 2024 and 2025. MGM COO Corey Sanders, and Sarah Rogers, MGM's senior vice president of...
Cantankerous David Portnoy Not Problematic for Penn Entertainment, Says Analyst
Barstool Sports founder David Portnoy is no stranger to controversy. Some might say he even embraces and enjoys it. Fortunately for investors, at least one analyst believes that’s not problematic for Penn Entertainment (NASDAQ: PENN). Last month, the regional casino operator completed...
