5081 stories by Todd Shriber
Meister’s Corvex Doubles Stake in Kindred
Keith Meister’s Corvex Management has doubled its position in Kindred Group, according to a regulatory filing issued by the Swedish online gaming company. The hedge fund initiated a stake of more than 5% in Kindred in February, nearly doubling the size of...
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 analysts Vitaly Umansky and Louis Li. In...
VICI Properties Wraps Up $17.2B Purchase of MGM Growth
VICI Properties (NYSE:VICI) has closed its $17.2 billion acquisition of MGM Growth Properties (NYSE:MGP), creating the largest casino landlord on the Las Vegas Strip in the process. The all-stock transaction was announced last August. With closure of the deal there are now...
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 March, and almost immediately began using the...
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 workers in the US and Canada, and...
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, sending it back to a conference committee...
Sportsbook Apps Downloaded by More Women Than Men, Study Shows
Sports wagering is often thought of as territory dominated by men. But women aren’t sitting idly by, as a new study indicates that women are downloading mobile sportsbook apps faster than their male counterparts. A recent survey by mobile insights consulting firm...
Las Vegas Sands Quiet on Thailand Plans, Prefers Restoring Dividend to Buyback
Las Vegas Sands (NYSE:LVS) is trading lower today -- a day after delivering first-quarter results that included positive earnings before interest, taxes, depreciation and amortization (EBITDA) at its Marina Bay Sands integrated resort in Singapore. The company reported a loss of 41...
Aristocrat Leisure Likely to Consider Sizable Acquisitions, Says Fitch Ratings
Apparently not chastened by the collapse of its attempted takeover of Playtech, Aristocrat Leisure is likely to remain a player in large-scale mergers and acquisitions, says Fitch Ratings. Last year, the Australian gaming device giant attempted to acquire Playtech for $2.84 billion....
Rush Street Interactive Stock Soars on Wells Fargo Upgrade
Rush Street Interactive (NYSE:RSI) is soaring, ranking as one of Wednesday’s best-performing gaming stocks on the back of an analyst upgrade. In midday trading, shares of the online sportsbook operator are up 9.5%. In a note to clients today, Wells Fargo analyst...
