4979 stories by Todd Shriber
Century Casinos May Pursue More US M&A, Poland Sale Delays Possible
Century Casinos (NASDAQ:CNTY) is open to more domestic acquisitions, though the regional casino operator is likely to encounter delays in its efforts to shed its Casinos Poland unit. The Colorado-based company is in the midst of working through the $195 million acquisition...
Wynn Macau Amends $1.5B Credit Revolver
Wynn Macau, Ltd., the China arm of Wynn Resorts (NASDAQ:WYNN), announced in a filing with the Hong Kong Stock Exchange that lenders agreed to amendments on the gaming company’s $1.5 billion credit facility. The announcement comes as the operator, along with other...
Golden Entertainment Stock Slump Could Be Golden Opportunity
Golden Entertainment (NASDAQ:GDEN) stock joined other gaming equities to the downside last week, sliding 3.88%. But analysts remain bullish on the Strat operator. While the shares are off almost 13% over the past month, that weakness could be creating opportunity. Somemarket observers...
F1 Buying 39 Acres of Las Vegas Land for $240M in Advance of 2023 Race
Formula One Group (NASDAQ:FWONA) has announced its partner, Liberty Media, is paying $240 million for 39 acres of land near the Las Vegas Strip in advance of the league’s first race in Sin City. CEO Greg Maffei unveiled the purchase on the...
Caesars Lands Another High Profile MLB Deal, Teaming Up with White Sox
In another sign of professional sports’ embrace of legalized sports wagering, Caesars Entertainment and Major League Baseball’s Chicago White Sox have unveiled a partnership. In an arrangement that’s increasingly common between gaming companies and pro teams, Caesars is now the official casino...
DraftKings Slumps Despite Boosting 2022 Guidance
DraftKings (NASDAQ:DKNG) is extending its lengthy slide Friday, even after the online sportsbook operator posted first-quarter results that beat estimates and lifted its 2022 revenue outlook. In midday trading, the shares are off 6.1%, extending the one-month slide to 24.2%. The gaming...
Penn National Pummeled Despite Lifting Revenue Outlook
On a brutal day for broader equity benchmarks, casino stocks weren’t immune from intense selling pressure, and Penn National Gaming (NASDAQ:PENN) was one of the victims. On volume that was more than 25% above the daily average, shares of the largest regional...
MGM Wins Cosmo Purchase Regulatory Approval, BetMGM to Be Sportsbook at Venue
The Nevada Gaming Control Board (NGCB) has approved MGM Resorts International’s (NYSE:MGM) acquisition of the operating rights of the Cosmopolitan Las Vegas. That paves the way for that deal to close next month. MGM announced last September it’s paying $1.6 billion to...
DraftKings Wraps Up Golden Nugget Online Gaming Purchase
After months of tumbling share prices, DraftKings (NASDAQ:DKNG) has completed its acquisition of Tilman Fertitta’s Golden Nugget Online Gaming (GNOG). DraftKings announced a $1.56 billion all-stock offer for GNOG last August, when the target was trading around $12. The target’s shares nearly...
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...
