5081 stories by Todd Shriber
Caesars Halts Plans to Sell Las Vegas Strip Property
One of the longest-running Las Vegas Strip transaction rumors was put to bed earlier this afternoon. That's when Caesars Entertainment (NASDAQ:CZR) management said the company will not proceed with selling one of its Sin City assets. CEO Tom Reeg made the comments...
Boyd Gaming Wraps Up $170M Pala Interactive Acquisition
Boyd Gaming (NYSE: BYD) announced today that it has put the finishing touches on its previously announced $170 million, all-cash acquisition of Pala Interactive. The regional casino operator said in March its Boyd Gaming Interactive unit was buying Pala Interactive from California’s...
Wynn Surges on Speculation Tilman Fertitta Stake Could Lead to Takeover Bid
Wynn Resorts (NASDAQ: WYNN) was one of Tuesday’s best-performing gaming equities, surging 6.2% on volume that was more than double the daily average. That's amid speculation Tilman Fertitta could make a takeover bid for the company. Shares of the Encore operator soared...
Former Wynn CEO Matt Maddox May Be Mulling Downtown Vegas Acquisition
Former Wynn Resorts (NASDAQ:WYNN) CEO Matt Maddox may be looking to get back into the casino business. He could be mulling the purchase of a gaming venue in downtown Las Vegas to accomplish that objective. Maddox departed Wynn earlier this year and...
NBA 2K League Disqualifies Five Players for Violating Betting Policies
The NBA 2K League -- an esports league based on the popular basketball video game -- has disqualified five players and a coach for violations of the association’s betting and fantasy sports protocols. Details are sparse, but the league said Christopher Lafanette,...
Casino Operators’ Q3 Revenue Keeping Pace with Spending
Third-quarter earnings season is in full swing, and several casino operators already reported with an important takeaway: revenue is keeping pace with operating expenditures. Some of the casino companies that delivered results for the September quarter, including Boyd Gaming (NYSE:BYD) and Red...
Tilman Fertitta Takes 6.1% Stake in Wynn Resorts
Tilman Fertitta’s Fertitta Entertainment includes the Golden Nugget casino empire. But the billionaire businessman is investing in rival Wynn Resorts (NASDAQ: WYNN) as well. A Schedule 13G filing with the Securities and Exchange Commission (SEC) indicates Fertitta Entertainment, Fertitta himself, and another...
Gaming and Leisure Properties Interested in Strip Real Estate Acquisition
After previously indicating it wasn’t enamored by the prospect of increasing its footprint on the Las Vegas Strip, Gaming and Leisure Properties (NASDAQ:GLPI) is signaling willingness to consider a Sin City acquisition. The real estate investment trust (REIT) owns the property assets...
Macau Spending Focus Turns to Non-Gaming Investments
The past two decades of operator spending in Macau was mainly about building the mammoth, plush integrated resorts that dot the special administrative region (SAR) today. With the retendering process afoot, authorities are demanding concessionaires up non-gaming expenditures. Citing checks related to...
Red Rock Q3 Earnings Not Exciting, Some Pleasant Surprises Delivered
Red Rock Resorts (NASDAQ: RRR) delivered third-quarter earnings after the close of US markets on Thursday, telling investors it earned 83 cents a share on revenue of $414 million. While net income fell to $95.5 million from $117.9 million a year earlier,...
