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Todd Shriber
5866 stories by Todd Shriber
MGM Osaka Casino Pitch Likely to Be Confirmed
In what could be a boon for MGM Resorts International’s (NYSE: MGM) global expansion efforts, Japanese policymakers appear poised to sign off on the development of a casino resort in Osaka. Various Japanese media outlets...
MGM, Sands, Wynn Shares Could Get New York Casino Boost, Says Analyst
The competition for three downstate casino licenses in New York is a long way from being decided. But one analyst is already forecasting potentially significant share price impacts for three contenders. In a note to...
Everi Buying Select Video King Assets for $59M
Everi Holdings (NYSE: EVRI) announced Tuesday it's acquiring certain assets of Video King for $59 million. It's a deal the buyer says will be immediately accretive to cash flow and adjusted earnings before interest, taxes,...
Wynn Resorts Earns Price Target Boost on Macau Rebound
Shares of Wynn Resorts (NASDAQ: WYNN traded modestly higher Monday after a sell-side analyst lifted his price target on the stock, citing a strong rebound in Macau gross gaming revenue (GGR). In a note to...
Playtika Could Be Target of Private Equity Firms
Shares of mobile games developer Playtika (NASDAQ: PLTK) jumped 1.97% Monday on volume that was nearly quadruple the daily average amid speculation that private equity companies could be eyeing the Israeli firm as a takeover...
Cal Neva, Former Haunt of Sinatra’s Rat Pack, Sold to Real Estate Developer
The history-rich Cal Neva Resort and Casino was sold to a Denver-based real estate developer for an undisclosed sum. The Lake Tahoe property, which derives its name from residing along the California-Nevada border, opened in...
VICI Properties Revered on Wall Street
VICI Properties (NYSE: VICI) is saddled with a modest year-to-date loss. But the dominant owner of casino real estate continues attracting a crowd on Wall Street. More than 83% of the analysts covering the Caesars...
Cathie Wood Dumps 294K DraftKings Shares
In one of its largest sales of the stock since building its stake in the gaming company more than three years ago, Cathie Wood’s ARK Investment Management sold more than 294K shares of DraftKings (NASDAQ:...
Gulf Coast Casinos Steady Amid Macro Headwinds, Says Analyst
The Gulf Coast casino market, which consists primarily of Louisiana and Mississippi venues, is holding up relatively against a challenging macroeconomic backdrop. That’s the take of Truist Securities analyst Barry Jonas, who recently visited casinos...
Black Hawk a Casino Market to Be Bullish On, Analyst Says
The population of Black Hawk, Colo. is just 128, less than half what it was in 1999. But the casino market in the town located about 35 miles west of Denver is flourishing. While it’s...
