5402 stories by Todd Shriber
Boyd, Red Rock JPMorgan Top Gaming Picks for 2022
With value in the group hard to come by, gaming and lodging stocks could offer limited upside in 2022. But a pair of casino operators might be winners in the new year. In a note to clients today, JPMorgan analyst Joseph Greff...
Endeavor Group Gets Nod from Cathie Wood’s ARK Invest, Shares Rise
Shares of Endeavor Group Holdings, Inc. (NYSE:EDR), the parent company of the Ultimate Fighting Championship (UFC), have received an endorsement from a well-known investor. Cathie Wood's ARK Investment Management stepped into the stock yesterday. The New York-based exchange traded funds issuer bought...
Tekkorp Digital, Las Vegas SPAC, Could Merge with Caliente Interactive
Tekkorp Digital Acquisition (NASDAQ:TEKK), a Las Vegas-based special purpose acquisition company (SPAC), is reportedly in talks to merge with Caliente Interactive. The deal is rumored to be valued at $2.5 billion. The transaction, if executed, would serve as the avenue through which...
Caesars Stock ‘Undervalued’ After Recent Slide, Says Analyst
Gaming equities are slumping, and Caesars Entertainment (NASDAQ:CZR) isn't proving immune to that trend. Shares of the Harrah's operator are off 18.72 percent over the past month and are nearly 30 percent below the 52-week high, but some analysts aren't throwing in...
Mirage Sale Benefits Caesars, Wynn, Says Analyst
On Monday, MGM Resorts International (NYSE:MGM) announced the sale of the Mirage operating rights to Hard Rock International for $1.075 billion. There are potential benefits in that deal for rival gaming companies. That price tag was surprisingly high, and underscores the desirability...
Hard Rock Arrives On Las Vegas Strip in $1.07B Mirage Purchase
Hard Rock International is doling out $1.075 billion for the operating rights to the Mirage, making it the first tribal operator on the Las Vegas Strip. MGM Resorts International (NYSE:MGM) confirmed last month it was in the process of selling the gaming...
Full House Stock Comes Up Aces on Waukegan Win
Full House Resorts (NASDAQ:FLL) stock got a major lift this week. That's after the Illinois Gaming Board (IGB) chose the operator as the winning bidder for an integrated resort project in Waukegan. On Dec. 8, the day of the IGB announcement, shares...
Red Rock Resorts Meaningfully Reduces Shares Outstanding Count in Dutch Auction
Red Rock Resorts, Inc. (NASDAQ:RRR) is significantly reducing the amount of its freely floating shares by way of a previously announced tender offer. In announcing the results of a Dutch auction today, the Station Casinos parent said more than 6.92 million shares...
Fertitta Entertainment, SPAC Mutually Agree to Scrap $8.6 Billion Merger
Tilman Fertitta’s Fertitta Entertainment (FEI) and special purpose acquisition company (SPAC) FAST Acquisition (NYSE:FST) are ending an $8.6 billion combination. The deal would have served as the avenue for the owner of the Golden Nugget casinos to again be a publicly traded...
Skillz Stock Slides on $300M Debt Sale
Skillz (NYSE:SKLZ) stock tumbled Thursday after the mobile games developer announced it's selling $300 million worth of corporate debt. The San Francisco-based company said the senior secured notes, which come due in 2026, are being sold in a private offering. Interest rates,...
