5402 stories by Todd Shriber
Golden Entertainment Eyes 2023 for Colorado Belle Decision
Golden Entertainment (NASDAQ: GDEN) could render a decision on the fate of the currently shuttered Colorado Belle in Laughlin, Nevada next year. But it’s unlikely the operator will reopen the riverboat casino. In an interview with Richard Velotta of the Las Vegas...
Gaming Industry Displaying Fortitude Amid Headwinds, Says Analyst
Broadly speaking, share price performances across the gaming industry this year are unimpressive. That’s the result of macroeconomic headwinds, including persistent inflation and rising interest rates, as well as ongoing concerns regarding when sportsbook operators will finally reach profitability. Still, gross gaming...
Caesars, DraftKings, Other Gaming Stocks Miss Out on Nasdaq-100 Promotion
Caesars Entertainment (NASDAQ:CZR) and DraftKings (NASDAQ:CZR) are among the well-known gaming equities that missed out on promotion to the Nasdaq-100 Index (NDX). On Friday, Nasdaq announced the annual changes to the widely followed equity gauge, noting six companies will be added to...
Related Cos. Eyes 1,500-Room Casino-Resort on Manhattan’s West Side
Real estate developer Related Cos., which is partnering with Wynn Resorts (NASDAQ:WYNN) on a Manhattan casino-resort plan, earlier this week revealed more details of the project. In an interview with Bloomberg Television, Related CEO Jeff Blau said the venue on Manhattan’s far...
Penn Entertainment Approves New $750M Buyback Plan
Penn Entertainment (NASDAQ:PENN) has added to the buyback binge in the gaming industry, announcing the approval of a $750 million share repurchase plan. That’s in addition to a buyback program for the same amount announced by the Pennsylvania-based regional casino operator in...
Macau Stocks Might Be Ready for Another Close-Up with Investors
Since the coronavirus pandemic forced a 15-day closure of Macau casinos in February 2020, it’s been a long, often turbulent road for shares of concessionaires in the special administrative region (SAR). But light may be emerging at the end of the tunnel....
Joffre Capital Gives Big F-U to Phuk II Stake
Technology buyout fund Joffre Capital announced Thursday it's pulling the plug on a previously announced plan to acquire a controlling interest in Playtika (NASDAQ: PLTK). Joffre cited issues at the mobile gaming company and with the seller of the shares, Playtika Holding...
Madison Square Garden to Retain Las Vegas Sphere, Tao Group
Madison Square Garden Entertainment Corp. (NYSE:MSGE) updated investors on previously announced spin-off plans, and there are Las Vegas implications. The company announced late Tuesday it’s evaluating a potential transaction that would separate its live entertainment while retaining the MSG Sphere, MSG Networks,...
Apollo Doling Out $1.5K Bonuses to Venetian Employees
Employees at the Venetian Las Vegas will have some extra jingle in their pockets this holiday season. Operator Apollo Global Management is distributing $1,500 bonuses. In total, the private equity firm that operates the iconic Strip venue is doling out $11 million...
Genting Providing More Financing to Empire Resorts
Genting Malaysia Bhd. has provided more financing to its Empire Resorts unit. That's as an entity tied to the Malaysian conglomerate recently purchased $100 million in preferred stock issued by the New York-based gaming company. Genting ER II LLC, which is a...
