5082 stories by Todd Shriber
IGT Amends Credit Facility, Extends Maturity Date
International Game Technology (NYSE:IGT) has announced some added financial flexibility, saying it amended a revolving credit facility, providing access to more capital and a longer maturity date. The lottery operator and slot machine manufacturer also amended its term loan facilities, gaining another...
Underdog Sports Raises $35M at $485M Valuation, Eyes Sports Betting
Underdog Sports, the rapidly growing paid fantasy sports outfit, raised $35 million in a Series B round of financing, valuing the company at $485 million. The Brooklyn-based company, which operates in the daily fantasy sports (DFS) realm, said it plans to use...
Hard Rock, Sands Seen Leading Queens Casino Race
New York Mets owner Steve Cohen is reportedly extending his efforts to bring a casino to unused land near Citi Field in Queens. It’s believed Hard Rock International and Las Vegas Sands (NYSE:LVS) are running first and second in that competition. In...
Bally’s Reduces Shares Outstanding by 9.2 Percent in Dutch Auction
Bally’s (NYSE:BALY) reported results of its recently finalized Dutch auction, indicating the scheme meaningfully reduced the regional casino operator’s shares outstanding tally. Last month, the Rhode Island-based gaming company announced plans to repurchase up to $190 million worth of its outstanding equity....
Okada Manila Could Be Player in New York City Casino Competition
When it wraps up its merger with a US-based special purpose acquisition company (SPAC), Okada Manila could enter the competition for a New York City casino license. Sportico initially reported the rumor. In a deal valued at $2.6 billion, Jason Ader’s 26...
Red Rock Resorts Enhancing Namesake Casino, Including Adults-Only Pool
Red Rock Resorts today unveiled wide-ranging plans to refresh its eponymous casino hotel in suburban Las Vegas, including updated dining options and an adultss-only pool. Located in Summerlin, Nevada, Red Rock is widely viewed as the operator’s swankiest resort. In addition to...
Marina Bay Sands Will Top Pre-Pandemic Revenue Next Year, Says Analyst
Marina Bay Sands -- the jewel in the Las Vegas Sands (NYSE:LVS) crown -- could eclipse its 2019 revenue as soon as next year, providing support for the Macau-dependent gaming company. In a note to clients, CBRE analyst John DeCree points out...
Real Estate Developers Mull Four Sites for New York City Casinos
Real estate developers are considering multiple sites in the five boroughs, including Times Square, for new casinos in New York City. The New York Gaming Commission (NYGC) can issue three gaming permits for downstate gaming venues. The New York Post reports that...
Circa Sports Taking Thoughtful Approach to Expansion
In short order, Circa Sports became known as the sports bettor’s sportsbook, embracing action from sharp bettors that other bookmakers decline or limit. That reputation makes Circa one of the most revered sportsbooks in its home market of Las Vegas, and that’s...
Standard General Trims Bally’s Stake in Dutch Auction
Hedge fund Standard General modestly reduced its stake in Bally’s (NYSE:BALY) in the casino operator’s recent Dutch auction. Standard General is controlled by Soo Kim, a member of Bally’s board. The money manager tendered 360,000 shares at prices ranging from $19.25 to...
