5402 stories by Todd Shriber
Caesars, Sands Among Speculative Stocks with Rebound Potential
The S&P 500 is still saddled with year-to-date loss of 13.26%. But the benchmark domestic equity gauge gained 8.32% in July, with contributions from some consumer discretionary names, including casino stocks. Caesars Entertainment (NASDAQ:CZR) and Las Vegas Sands (NYSE:LVS) were among the...
Playtech Scraps Caliente Interactive SPAC Merger Plan
Playtech is abandoning plans to bring Caliente Interactive’s Caliplay unit public in the US. The concept would have been executed via a merger with a special purpose acquisition company (SPAC). Its demise potentially deals another blow to the once-hot territory of gaming...
Jackpocket Lottery App Downloads Soar as Mega Millions Jackpot Swells
Newton’s third law states that for every action, there is an equal and opposite reaction. That’s being confirmed by the soaring Mega Million’s jackpot and its impact on Jackpocket, the purveyor of an internet lottery mobile application. Friday night’s Mega Millions draw...
Circa Sports Boosts UFC Betting Limits
Circa Sports is lifting its limits on UFC wagering, including a move to accepting up to $50,000 bets on main events on the day those fights are scheduled. Circa Sports Sportsbook Director Matt Metcalf made the announcement in a Wednesday tweet. Prior...
Horseshoe Casino Brand Making Colorado Debut Friday
Caesars Entertainment’s popular Horseshoe brand makes its debut in Colorado on Friday, marking the transition from Isle Casino Hotel Black Hawk. Caesars’ venue in the Colorado gaming town will be known as Horseshoe Black Hawk. The Nevada-based gaming company announced plans to...
Boyd Shares Cheap, Says Analyst, Eastside Cannery Remaining Shuttered
Shares of Boyd Gaming (NYSE:BYD) jumped 2.51% today. That's after the regional casino operator reported sturdy second-quarter results late Tuesday amid ongoing strength in the Las Vegas locals demographic. Speaking of Boyd’s exposure to its home city, the operator plans to keep...
IGT Amends Credit Facility, Extends Maturity Date
International Game Technology (NYSE:IGT) has announced some added financial flexibility, saying it amended a revolving credit facility, providing access to more capital and a longer maturity date. The lottery operator and slot machine manufacturer also amended its term loan facilities, gaining another...
Bally’s Reduces Shares Outstanding by 9.2 Percent in Dutch Auction
Bally’s (NYSE:BALY) reported results of its recently finalized Dutch auction, indicating the scheme meaningfully reduced the regional casino operator’s shares outstanding tally. Last month, the Rhode Island-based gaming company announced plans to repurchase up to $190 million worth of its outstanding equity....
Okada Manila Could Be Player in New York City Casino Competition
When it wraps up its merger with a US-based special purpose acquisition company (SPAC), Okada Manila could enter the competition for a New York City casino license. Sportico initially reported the rumor. In a deal valued at $2.6 billion, Jason Ader’s 26...
Red Rock Resorts Enhancing Namesake Casino, Including Adults-Only Pool
Red Rock Resorts today unveiled wide-ranging plans to refresh its eponymous casino hotel in suburban Las Vegas, including updated dining options and an adultss-only pool. Located in Summerlin, Nevada, Red Rock is widely viewed as the operator’s swankiest resort. In addition to...
