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Todd Shriber
5666 stories by Todd Shriber
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...
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...
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...
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...
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...
Melco Could Boost Share Price with Studio City Acquisition, Parent Merger
Analysts believe Melco Resorts & Entertainment (NASDAQ:MLCO) could prop up its sagging share price by acquiring Studio City International Holdings (NYSE:MSC) and then merging with parent Melco International Development. That take comes courtesy of Bernstein...
Light & Wonder Name, Stock Ticker Changes Complete
Light & Wonder’s name change is legally official, and the slot machine manufacturer’s shares now trade under the ticker “LNW” on the Nasdaq. The company previously known as Scientific Games announced the rebranding in early...
Caesars Moving to Majority Votes for Board Directors Following Unite Here Push
Caesars Entertainment (NASDAQ:CZR) is implementing a majority vote standard for uncontested director elections. That's following a push by hospitality labor union Unite Here. A member of the Council of Institutional Investors, the union represents hospitality...
Kansas Sports Betting Bill Nears Vote, Funds Could Be Used to Lure NFL’s Chiefs
Politicians in the Kansas state House and Senate are nearing a vote on sports wagering, following the removal of some procedural hurdles. On Wednesday, the Kansas Senate didn’t take up the sports betting conference package,...
Bally’s, Cleveland Browns Team Up Ahead of Ohio Sports Betting Launch
Sports betting isn’t live in Ohio. But Bally’s and the NFL’s Cleveland Browns are preparing for that debut, announcing a wide-ranging partnership. The gaming company’s Bally’s Interactive unit will become the official sports betting partner...
