4979 stories by Todd Shriber
Golden Entertainment Considering Options for Closed Laughlin Riverfront Casino
Golden Entertainment’s (NASDAQ:GDEN) Colorado Belle Casino Resort in Laughlin, Nev., is approaching 30 months in closure. The operator is mulling options for the venue. In response to a question from B. Riley analyst David Bain, Golden CEO Blake Sartini addressed the matter...
Soros Fund Management Eliminates Caesars, MGM Stakes, Adds Sands
Soros Fund Management, the family office of billionaire financier George Soros, sold positions in Caesars Entertainment (NASDAQ:CZR) and MGM Resorts International (NYSE:MGM) in the second quarter. During the April through June period, the investment vehicle eliminated 31 positions. By order of size,...
AGS Confirms Receipt of Takeover Offer, Ongoing Talks
Slot machine maker AGS (NYSE:AGS) confirmed it received a $10 a share takeover offer, which explains the stock’s 25.25% jump today, adding the bid wasn’t accepted. In a Form 8-K filing with the Securities and Exchange Commission (SEC), AGS doesn’t identify from...
Las Vegas Gaming Revenue Poised to Slump in 2023, Says Fitch
Led by Las Vegas, the US casino industry is on a record-shattering pace of revenue generation this year. But Sin City gaming revenue could retreat in 2023. Citing the possibility of a broader economic retrenchment, Fitch Ratings says Sin City gaming revenue...
AGS Soars on Reported Inspired Entertainment Takeover Bid
Device manufacturer AGS (NYSE:AGS) was easily one of Friday’s top-performing gaming stocks, surging 25.25% on volume that was about eight times the daily average. That came on reports Inspired Entertainment (NASDAQ:INSE) is moving to acquire the Las Vegas-based slot machine maker. Unidentified...
FuboTV Soars on Renewed Takeover Chatter
Shares of FuboTV (NYSE:FUBO) surged 15% Thursday on volume that was more than double the daily average. The spike came amid renewed speculation the streaming entertainment company is a potential takeover target. An article published earlier today by SportsHandle suggests fuboTV could...
Meister’s Corvex Lifts Kindred Stake to 15%
Keith Meister’s Corvex Management has boosted its investment in Kindred Group. It could be the latest indication the hedge fund wants the Swedish gaming company to put itself up for sale, and do so soon. Meister’s investment firm now owns 15% of...
Fox CEO Lachlan Murdoch Sees ‘Clarity’ Coming in FanDuel Arbitration
Fox Corp. (NASDAQ:FOX) CEO Lachlan Murdoch believes resolution to the media company’s long-running arbitration against FanDuel parent Flutter Entertainment (OTC:PDYPY) could emerge in the coming months. He made remarks about the company’s second-quarter earnings conference call with analysts on Wednesday. As regards...
Disney CEO Chapek Says Sports Betting Announcement in the Works
One of the most burning questions in the sports wagering industry is when Walt Disney (NYSE:DIS) will make its long-awaited arrival in the space. Today, CEO Bob Chapek shed some light on the topic, but didn’t reveal a hard and fast time...
Stacey Abrams Betting on Casinos, Sports Wagering to Boost Georgia Gubernatorial Bid
Georgia Democrat gubernatorial nominee Stacey Abrams is betting on casinos and regulated sports wagering as part of her bid to defeat incumbent Republican Gov. Brian Kemp. On Tuesday, Abrams said if elected, she’d leverage government receipts from gaming to broaden access to...
