5361 stories by Todd Shriber
Meister’s Corvex Takes Five Percent Stake in Kindred
Kindred Group, the Swedish online gaming operator, announced today Keith Meister’s Corvex Management owns more than 5 % of the wagering company. The Stockholm-listed firm updates investors whenever a professional investor buys or sells stakes equivalent to five percent or more of...
Sands China Unlikely to Restart Dividend Before 2024, Say Analysts
Sands China -- the Macau arm of Las Vegas Sands (NYSE:LVS) -- may resume paying dividends in 2024. But the payout returning prior to that is unlikely. That's the sentiment of Bernstein analyst Vitaly Umansky, and it arrives a day after Standard...
Golden Entertainment Offers Cash Flow, Capital Return Potential, According to Analyst
Quietly one of this year's best-performing gaming equities, Golden Entertainment (NASDAQ:GDEN) is soaring again today. That's after a sell-side analyst issued a bullish report on the Strat owner. In late trading, shares of Golden are higher by four percent on above-average volume....
S&P Cuts Las Vegas Sands Credit Rating to Junk on Lethargic Macau Recovery
Standard & Poor's (S&P) stripped Las Vegas Sands (NYSE:LVS) of its investment-grade credit rating, citing a slow recovery in Macau this year. The ratings agency lowered its grades on LVS and the operator's Sands China unit to “BB+,”or one notch into junk...
Wynn Selling Encore Boston Harbor Property Assets to Realty Income for $1.7B
Wynn Resorts (NASDAQ:WYNN) is selling the real estate assets of Encore Boston Harbor to Realty Income (NYSE:O) for $1.7 billion -- the equivalent of a 5.9 percent cap rate. In the latest sale-leaseback deal in the gaming industry, the gaming company will...
DC Lottery Betting App Picks Worst Time to Fail: During Super Bowl
Already ensconced in controversy, Washington, DC Lottery's GambetDC -- the lottery-sponsored sports wagering mobile app -- picked the worst possible time to fail iPhone users: During Sunday's Super Bowl. Bettors using iPhones and iPads weren't able to place wagers on the GambetDC...
Litt’s Land & Buildings Adds Caesars, Dumps Boyd Gaming
Jonathan Litt's Land & Buildings Investment Management, LLC (L&B) tinkered with its gaming industry exposure in the fourth quarter. It added shares of Caesars Entertainment (NASDAQ:CZR) to its portfolio. In the final three months of 2021, L&B bought 130,780 shares of Caesars...
Soros Liquidates Caesars, VICI Stakes, Cooperman Adds to Las Vegas Sands Holdings
Soros Fund Management, the family office of billionaire financier George Soros, departed a pair of gaming equities in the fourth quarter, leaving the investment vehicle with no exposure to the industry. A recently filed Form 13F with the Securities and Exchange Commission...
Paysafe Gains Louisiana, Oregon Market Access
Shares of Paysafe Ltd. (NYSE:PSFE) are rallying Monday. That's after the provider of digital payments services said it's now processing payments for sportsbook operators in Louisiana and Oregon. That new market access for the fintech company comes about because of prior relationships...
DraftKings, Rush Street Interactive Price Targets Slashed by Oppenheimer
A day after the Super Bowl, gaming equities are mixed and some sports betting stocks are dithering following the conclusion of football season. That includes DraftKings (NASDAQ:DKNG) and Rush Street Interactive (NYSE:RSI), which are trading lower to start the week after a...
