5449 stories by Todd Shriber
Bally’s Rejects Standard General Takeover Bid, Considers Buying $500M in Stock
Shares of Bally’s (NYSE:BALY) are trading slightly lower Thursday after the regional casino operator rejected a $38 per share takeover offer from hedge fund Standard General -- its largest investor. Launched in January, the proposal valued the Rhode Island-based gaming company at...
DraftKings Marketplace Adds NFT Supplier, Autograph Debuts New Collection
DraftKings Marketplace, the gaming company’s non-fungible token (NFT) business, has announced a partnership with Metabilia to bolster its lineup of digital collectibles. Metabilia becomes the newest NFT supplier on DraftKings Marketplace, with a collection debuting today at 3 pm Eastern time. The...
Red Rock Stock Rocked Following Q1 Earnings Miss
Red Rock Resorts (NASDAQ:RRR) stock is tumbling Wednesday, a day after the casino operator reported first-quarter sales that missed Wall Street estimates. After the close of US markets Tuesday, the Green Valley Ranch operator said it earned 77 cents a share on...
Corvex Management Pushes Kindred to Consider Sale
After recently doubling its stake in Kindred Group, Keith Meister’s Corvex Management is pushing the Swedish gaming company to hire investment bankers and sell itself. Corvex, a New York-based activist investor, issued a statement today urging Kindred’s board of directors to immediately...
Wynn Las Vegas Revamping Tower Suites
Wynn Resorts said the Wynn Tower Suites at its eponymous Las Vegas Strip venue is in the midst of its most expansive overhaul. The construction, which is currently underway, is slated to be completed in June, and represents the “most extensive design...
Gaming Spend Remains Resilient, Analyst Highlights Boyd, Century, Golden Entertainment
Inflation is soaring and the Federal Reserve is closing in on another interest rate hike. But, for now, at least, those macro headwinds aren’t hindering spending at US casinos. Those issues are prompting investors to speculate that the US economy is moving...
MGM Lauded By Analysts on Strong Q1 Earnings, Could Revisit Entain Deal
MGM Resorts International (NYSE:MGM) is winning some praise from Wall Street following sturdy first-quarter results. At least one analyst believes it’s possible the gaming company eventually revisits a takeover bid for Entain Plc (OTC:GMVHY). Citing strength in Las Vegas, where it’s the...
Gaming and Leisure CEO Carlino Says Oakland A’s Have ‘Strong’ Interest in Bally’s Site
Major League Baseball’s Oakland Athletics haven’t yet confirmed a move to Las Vegas. But one real estate executive might have insight into the club’s Sin City plans. Gaming and Leisure Properties (NASDAQ:GLPI) CEO Peter Carlino said on the company’s recent first-quarter earnings...
Melco Could Boost Share Price with Studio City Acquisition, Parent Merger
Analysts believe Melco Resorts & Entertainment (NASDAQ:MLCO) could prop up its sagging share price by acquiring Studio City International Holdings (NYSE:MSC) and then merging with parent Melco International Development. That take comes courtesy of Bernstein analysts Vitaly Umansky and Louis Li. In...
Light & Wonder Name, Stock Ticker Changes Complete
Light & Wonder’s name change is legally official, and the slot machine manufacturer’s shares now trade under the ticker “LNW” on the Nasdaq. The company previously known as Scientific Games announced the rebranding in early March, and almost immediately began using the...
