5360 stories by Todd Shriber
IGT Stock Tumbles Despite Solid 2022 Outlook
Shares of International Game Technology (NYSE:IGT) are plunging Tuesday. That's despite the slot machine manufacturer issuing first-quarter and full-year guidance that, at the high end of the ranges, exceeds consensus estimates. In midday trading, IGT stock is lower by 15.12 percent on...
Rush Street Interactive Likely to Beat Q4 Estimates, Says Analyst
Rush Street Interactive (NYSE:RSI) is scheduled to deliver fourth-quarter results after the close of US markets on Wednesday, March 2. At least one analyst is optimistic about what the gaming company will tell investors. In a new note to clients, Roth Capital...
Bally’s Downgraded as Analyst Sees Investment Cycle Trying Investor Patience
Shares of Bally's (NYSE:BALY) are trading lower to start the week after an analyst downgraded the casino operator. In a note to clients today, Jefferies analyst David Katz lowered his rating on the Rhode Island-based gaming company to “hold” from “buy,” while...
IGT Selling Italian Payments Unit for $788M
International Game Technology (NYSE:IGT) announced today its IGT Lottery S.p.A. is selling its Italian proximity payment business to PostePay S.p.A. -- Patrimonio Destinato IMEL -- for $788.31 million. IGT's board of directors approved the transaction, which is slated to close in the...
Golden Entertainment Graduates to Small-Cap Index
Golden Entertainment (NASDAQ:GDEN) is earning a notable equity index promotion, as the stock is heading toward the S&P SmallCap 600 Index. Standard & Poor's (S&P), one of the largest providers of equity benchmarks, made the announcement after the close domestic markets last...
International Game Technology Inks 20-Year Extension with Rhode Island Lottery
International Game Technology (NYSE:IGT) said Friday it agreed to a wide-ranging, 20-year contract extension with the Rhode Island Lottery. The lottery operator and slot machine manufacturer has a lengthy history in the state. While financial terms (it's likely worth $1 billion) of...
Resorts World Las Vegas Slow to Find Momentum
Resorts World Las Vegas is taking longer-than-expected to ramp-up, potentially weighing on operator Genting Berhad's hopes to leverage the asset to wring more profits out of the US. The $4.3 billion Resorts World Las Vegas, which is the Strip’s most expensive integrated...
VICI Hungry for Casino Real Estate, Eyes Caesars, Downtown Vegas Assets
Fresh off its $4 billion purchase of the real estate of Venetian, Palazzo and Venetian Expo, VICI Properties (NYSE:VICI) is eyeing more gaming property assets. The gaming real estate investment trust (REIT) is in the midst of acquiring MGM Growth Properties (NYSE:MGP)...
Playtika Stock Surges After Strategic Review Announced, Sale Possible
Shares of Playtika (NASDAQ:PLTK) are soaring in Thursday's after-hours trading session. That's after the mobile gaming company said it's considering strategic alternatives, including a possible sale. The Israeli firm adds it's commencing a process “to evaluate Playtika's potential strategic alternatives to maximize...
Sands Completes Las Vegas Asset Sale, Analyst Questions Junk Credit Rating
On Wednesday, Las Vegas Sands (NYSE:LVS) finalized the $6.25 billion sale of its home city assets -- Venetian, Palazzo and Venetian Expo -- positioning the company to invest heavily in Asia. Private equity titan Apollo Global Management (NYSE:APO) paid $2.25 billion for...
