5136 stories by Todd Shriber
Venetian Operator Apollo Reportedly Involved in Financing Musk Twitter Takeover
Private equity firm Apollo Global Management (NYSE:APO), which operates the Venetian integrated resort on the Las Vegas Strip, is rumored to be in talks to contribute financing for Elon Musk’s $44 billion takeover of Twitter (NYSE:TWTR). Musk’s bid for the social media...
Wynn Expresses Interest in New York Casino License as Macau Recovery Lags
Wynn Resorts (NASDAQ:WYNN) is, in fact, interested in opening an integrated resort in New York City, confirming as much on its first-quarter earnings conference call late Tuesday. In response to a question from UBS analyst Robin Farley on the call, new Wynn...
Everi Soars on $150M Buyback Plan
On a mixed day for gaming equities, Everi Holdings (NYSE:EVRI)is one of the standouts. That's after the slot machine manufacturer and provider of cashless gaming systems reported decent first-quarter results while unveiling a share repurchase program. In late trading, Everi is higher...
IAC Hits Home Run on MGM Investment
Gaming stocks of all stripes are tumbling this year amid persistent inflation and rising interest rates, among other macroeconomic headwinds. While MGM Resorts International (NYSE:MGM) isn’t immune from that slump, Barry Diller’s IAC/InterActiveCorp (NASDAQ:IAC) is highlighting its investment in the casino operator....
Circa Sports Entering Illinois Via Full House Resorts Partnership
The Illinois sports wagering market will soon welcome one of the industry’s fastest-growing players with the arrival of Circa Sports. Las Vegas-based Circa Sports is entering Illinois through an agreement with regional casino operator Full House Resorts (NASDAQ:FLL). In releasing first-quarter results...
Century Casinos May Pursue More US M&A, Poland Sale Delays Possible
Century Casinos (NASDAQ:CNTY) is open to more domestic acquisitions, though the regional casino operator is likely to encounter delays in its efforts to shed its Casinos Poland unit. The Colorado-based company is in the midst of working through the $195 million acquisition...
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 comes as the operator, along with other...
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 weakness could be creating opportunity. Somemarket observers...
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 Greg Maffei unveiled the purchase on the...
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 teams, Caesars is now the official casino...
