5082 stories by Todd Shriber
Resorts World Las Vegas Slow to Find Momentum
Resorts World Las Vegas is taking longer-than-expected to ramp-up, potentially weighing on operator Genting Berhad's hopes to leverage the asset to wring more profits out of the US. The $4.3 billion Resorts World Las Vegas, which is the Strip’s most expensive integrated...
VICI Hungry for Casino Real Estate, Eyes Caesars, Downtown Vegas Assets
Fresh off its $4 billion purchase of the real estate of Venetian, Palazzo and Venetian Expo, VICI Properties (NYSE:VICI) is eyeing more gaming property assets. The gaming real estate investment trust (REIT) is in the midst of acquiring MGM Growth Properties (NYSE:MGP)...
Playtika Stock Surges After Strategic Review Announced, Sale Possible
Shares of Playtika (NASDAQ:PLTK) are soaring in Thursday's after-hours trading session. That's after the mobile gaming company said it's considering strategic alternatives, including a possible sale. The Israeli firm adds it's commencing a process “to evaluate Playtika's potential strategic alternatives to maximize...
Sands Completes Las Vegas Asset Sale, Analyst Questions Junk Credit Rating
On Wednesday, Las Vegas Sands (NYSE:LVS) finalized the $6.25 billion sale of its home city assets -- Venetian, Palazzo and Venetian Expo -- positioning the company to invest heavily in Asia. Private equity titan Apollo Global Management (NYSE:APO) paid $2.25 billion for...
Bally’s Stock Falters as Q4 Results Miss Estimates, International Digital Biz Disappoints
Bally’s Corp. (NYSE:BALY) stock is slumping today after the gaming company's fourth-quarter results fell short of Wall Street estimates due, in large part, to a miss by the operator's international interactive unit. In the October through December period, the Rhode Island-based casino...
Caesars Gets Lift As Analysts Applaud Reduced Digital Spending
On a brutal day for domestic equities, Caesars Entertainment (NASDAQ:CZR) stood out in positive fashion, as investors seemingly cheered the company's plan to significantly limit iGaming and online sports wagering expenditures. Shares of the casino operator finished higher by 2.76% on volume...
Super Group Soars as Preliminary 2021 Results Top Estimates
Shares of Super Group (NYSE:SGHC) are surging Wednesday, after the sportsbook operator provided a glance at its 2021 results, indicating it beat prior forecasts. The newly public gaming company said it generated 2021 net gaming revenue (NGR) of $1.52 billion on earnings...
Century Casinos Enters Reno with Nugget Sparks Acquisition
Century Casinos (NASDAQ:CNTY) is entering the Reno market through the $195 million acquisition of the Nugget Sparks casino and a 50 percent interest in the real estate company that owns the gaming venue. This will be the the operator's first move into...
Caesars Paring Sports Betting Ad Spending, Still on Pace to Sell Vegas Casino
As it gains more market share and looks to stem related losses, Caesars Entertainment (NASDAQ:CZR) is reducing its traditional media spending. Those funds are aimed at acquiring customers for its burgeoning online sports betting operation. CEO Tom Reeg made the announcement earlier...
DraftKings Endures Spate of Price Target Cuts
After shedding more than a quarter of its value last week, DraftKings (NASDAQ:DKNG) is dealing with more bad news today. At least eight Wall Street analysts are cutting price targets on the downtrodden sports betting stock. Adding insult to injury, three of...
