4979 stories by Todd Shriber
Entain Acquires Avid Gaming in Canada Sports Betting Push
Entain Plc (OTC:GMVHY) is paying nearly $235 million to acquire Deis Ltd., the parent company of Avid Gaming, in an effort to bolster its footprint in Canada's newly liberalized sports wagering market. The Ladbrokes owner is purchasing Avid Gaming from Middle Brook...
Nevada Gaming Control Board Approves Apollo Venetian Purchase
Last week, the Nevada Gaming Control Board (NGCB) unanimously signed off on Apollo Global Management's (NYSE:APO) purchase of the Venetian, Palazzo and Venetian Expo. That indicates one of the largest Las Vegas Strip asset sales announced in 2021 is closer to wrapping...
Penn National Q4 Results Impressed, But Analyst Has Reservations
Shares of Penn National Gaming (NASDAQ:PENN) gained 1.79 percent last week. That's after the regional casino giant posted fourth-quarter results that topped Wall Street estimates. But at least one analyst is taking a cautious approach to the downtrodden stock. In a note...
Boyd Reinstates, Boosts Dividend, Among First Casino Companies to Do So
Boyd Gaming (NYSE:BYD) reported consensus-beating fourth-quarter results on Thursday. But the real surprise for investors may be the company reinstating and hiking its quarterly dividend. In becoming one of the first casino operators to not only bring back its payout - but...
Bally’s Board Forms Committee to Mull Standard General Takeover Offer
Bally's (NYSE:BALY) said it has formed a special committee to evaluate the recent takeover offer made by hedge fund Standard General, the casino operator's largest shareholder. Standard General is controlled by Soo Kim, a member of Bally’s board. Last week, the investment...
Playtika Pounded by Short Report, Expert Sees Things Differently
Shares of Playtika (NASDAQ:PLTK) plunged Thursday after a research firm issued a short report on the mobile gaming company. But at least one industry observer believes the analysis is inaccurate. Playtika slid 8.53 percent on volume that was triple the daily average....
Las Vegas Sands, Wynn Appear on Fortune World’s Most Admired Companies List
Las Vegas Sands (NYSE:LVS) and Wynn Resorts (NASDAQ:WYNN) are among 500 firms on Fortune's annual ranking of the “ World's Most Admired Companies.” For Sands, this appearance on the list is its sixth straight and ninth in the past decade. Overall, the...
Red Rock Margins Impress, LV Locals Market Strong, Says Analyst
Red Rock Resorts (NASDAQ:RRR) posted another set of impressive margin gains in the fourth quarter, prompting one analyst to say the stock could be undervalued if that trend continues. In the last three months of 2021, Red Rock earned $1.66 a share...
Penn National Plans $750M Buyback, Eyes Full Acquisition of Barstool Sports
Penn National Gaming (NASDAQ:PENN) is planning to repurchase up to $750 million worth of its badly ailing stock. It is also looking to acquire the 64 percent of Barstool Sports it doesn't own sometime in early 2023. The regional casino operator made...
Rush Street Interactive Mexico Move Expands Addressable Market, Says Analyst
On Monday, Rush Street Interactive (NYSE:RSI) said it's entering Mexico's gaming market through an agreement with media conglomerate Grupo Multimedios. A sell-side analyst believes the move could be a boon for the operator. In a note to clients, Roth Capital's Edward Engel...
