4979 stories by Todd Shriber
Caesars Shopping Flamingo Las Vegas for North of $1 Billion
Caesars Entertainment’s (NASDAQ:CZR) long-running plans to divest one of its Las Vegas Strip venues may be coming to life. The operator is said to be shopping the Flamingo at a price tag of more than $1 billion. It’s been no secret that...
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...
DraftKings Stock Rises on Bullish Morgan Stanley Comments
DraftKings (NASDAQ:DKNG) stock is getting a much-needed lift after Morgan Stanley issued constructive comments on the battered online sportsbook operator. DraftKings is higher by more than 5% in midday trading, though that’s barely enough to dent an almost 76% decline over 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...
MGM Resorts Offering $607M for LeoVegas
MGM Resorts International (NYSE:MGM) is offering $607 million to acquire LeoVegas AB, a move to increase the casino giant’s already sizable online gaming footprint. The largest operator on the Las Vegas Strip is offering $6.20 a share for the Swedish gaming company....
