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Todd Shriber
5723 stories by Todd Shriber
Tilman Fertitta Unveils Plans for New Las Vegas Strip Casino Resort
Tilman Fertitta has revealed plans for a new casino hotel on the Las Vegas Strip -- the billionaire’s first on the most prime stretch of US gaming real estate. In a filing with the Clark...
Caesars Trims Interest Expenses with $3B in Fresh Credit Facilities
Caesars Entertainment (NASDAQ: CZR) is making moves to reduce one of the gaming industry’s largest debt burdens, announcing today it procured $3 billion in new senior secured credit facilities maturing in 2028. Those fresh financing...
Bally’s Traffic Study for Temp Casino Skewered by Chicago Alderman
Chicago Alderman Brendan Reilly is blasting a traffic study paid for by Bally’s Corp., claiming the survey doesn’t account for rising crime in the neighborhood where a temporary casino would be staged. The Ballys examination...
MGM Unlikely to Bid Anew for Entain as Economy Crimps Financing
The deteriorating global macroeconomic environment is crimping financing avenues, indicating a pause in large-scale mergers and acquisitions could be a result. Some analysts believe that’s relevant to suitors considering gaming industry targets, including MGM Resorts...
Regional Casino Q3 Earnings Could Impress, Analyst Has Penn Concerns
Third-quarter earnings season starts in earnest next week, and downtrodden shares of regional casino operators could give investors something to talk about. Gross gaming revenue (GGR) trends in the group remain sturdy. That, despite expectations...
Bill Foley Shuttering Two SPACs, Including One Involved in Scrapped WynnBET Merger
Las Vegas Golden Knights owner Bill Foley is closing two special purpose acquisition companies (SPACs), one of which was involved in a now-defunct gaming industry reverse merger. In the latest sign of a significant cooling...
Everi Buying Venuetize Assets to Boost Loyal Engagement Tech
Everi Holdings (NYSE: EVRI) revealed its first acquisition outside the gaming business on Tuesday, announcing its purchase of certain assets from Venuetize, Inc. Privately held Venuetize specializes in mobile technologies. While it’s not a dedicated...
SciPlay Soars After Activist Investor Urges Sale to Light & Wonder
Shares of SciPlay (NASDAQ: SCPL) surged 5.68% in Monday’s extended trading session. That's after activist investor Engine Capital pushed the mobile games developer to consider selling itself to Light & Wonder (NASDAQ: LNW). Slot machine...
Circa Rolls Out ‘Empathy Package’ for Survivor Losers
Four weeks of the 2022 NFL season are in the books, and it’s fair to say the trend of underdogs winning outright is great news for sportsbooks and lousy for participants in survivor pools, such...
Sports Bettors Likely to Spend Big this Fall, Survey Says
The percentage of Americans engaging in sports wagering and fantasy sports where money is involved is relatively low. But, those bettors are big spenders, according to a new LendingTree survey. In a poll covering Americans’...
