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Todd Shriber
5666 stories by Todd Shriber
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...
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...
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...
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...
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...
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...
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...
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...
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...
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...
