5136 stories by Todd Shriber
Stateline Casinos Will Soon See More Paid Parking
Visitors to casinos in South Tahoe, Nevada will endure more paid parking as the city moves toward opening the South Tahoe Events Center early next year. The Tahoe Regional Planning Agency (TRPA) is mandating gaming companies operating in the casino corridor implement...
Fanatics Unlikely to Pursue 2022 IPO, Probably Won’t Buy WynnBET
On the heels of a recent funding round that values the company at $27 billion, Fanatics makes for one of the most widely anticipated initial public offerings (IPOs). But it appears likely the sports merchandise giant will remain private through the end...
Fertitta Entertainment Buying Colorado Casino for $43M, Will Use Golden Nugget Name
Tilman Fertitta’s Fertitta Entertainment is entering Colorado’s gaming market, paying $43 million for the Wildwood Casino and Hotel in Cripple Creek. The Texas billionaire’s company operates casinos under the Golden Nugget name and will bring that iconic brand to Colorado. American Gaming...
IGT Expands Digital Content Portfolio in $174M iSoftBet Acquisition
International Game Technology (NYSE:IGT) is expanding its library of digital games in a big way with the $174 million, all-cash acquisition of iSoftBet, a provider of iGaming content. The deal boosts IGT PlayDigital's portfolio to 225 games, more than doubling its current...
SciPlay Raising Cash for Ukraine Humanitarian Efforts
Social casino developer SciPlay Corp. is aiming to raise $100,000 by Friday, April 14, for humanitarian aid in Ukraine. The gaming company is rolling out Spin4Good, an in-game effort to generate funds for Direct Relief. Proceeds will go to providing medical aid...
Caesars Turning Attention to Strip Asset Sale Following Altered William Hill Transaction
After lowering the price of William Hill’s international business, Caesars Entertainment (NASDAQ:CZR) can now shift its focus to unloading one of its Las Vegas Strip assets, according to CBRE analyst John DeCree. Last week, it was revealed that 888 Holdings will pay...
Nevada Gov. Steve Sisolak Could Balk at Oakland A’s Las Vegas Move
Gov. Steve Sisolak (D-NV) doesn’t appear keen on Nevada taxpayers funding a stadium for Major League Baseball’s (MLB) Oakland Athletics, and that could hinder the club’s move to Las Vegas. The A’s have the backing of the league’s owners for the move...
Oakland Mayor Doesn’t Know When to Quit Her Las Vegas Vitriol
“Know when to hold ‘em, know when to fold ‘em” are famous song lyrics, and that folksy wisdom is certainly applicable every day in Las Vegas. Oakland Mayor Libby Schaaf apparently didn’t get the memo. Rather, the Democrat is upping her bet...
iGaming, Sports Betting Stocks Looking at Trying Earnings Season, Says Analyst
Investors are repudiating gaming stocks this year, and with first-quarter earnings season looming, online casino and sportsbook stocks could be particularly vulnerable to more downside. That’s saying something, because the likes of DraftKings (NASDAQ:DKNG), Penn National Gaming (NASDAQ:PENN), and Rush Street Interactive...
Macau Retains ‘AA’ Credit Rating, Fitch Sees Recovery Gaining Speed
Macau’s rebound is still slow-moving at best. But the special administrative region’s (SAR) strong credit grade remains intact with Fitch Ratings, affirming the world’s largest casino center at “AA” with a “stable” outlook. Fitch’s view on the only Chinese territory where legal...
