5215 stories by Todd Shriber
Monarch Casino Stock Tumbles on Macro Concerns, Analyst Downgrades
Monarch Casino & Resort (NASDAQ:MCRI) entered Thursday as one of this year’s best-performing gaming stocks. But on a brutal day for the group, the regional casino operator joined the growing list of slumping gaming names, as analysts downgraded the shares. Coming into...
VICI Selling $5B in Bonds to Fund MGP Notes Exchange, Reduce Other Debt
VICI Properties (NYSE:VICI) announced today it’s selling $5 billion worth of senior unsecured notes. The bulk of those proceeds are going to a notes exchange with MGM Growth Properties (NYSE:MGP), which the former is in the process of acquiring. The Caesars Palace...
Las Vegas Sands Invests In U.S. Integrity
Las Vegas Sands (NYSE:LVS) is taking a stake in U.S. Integrity -- a provider of data analytics and technology used to identify unscrupulous betting behavior, including match-fixing and other forms of game manipulation. Financial terms of the investment weren’t disclosed. Las Vegas-based...
Monarch Casino Shifts Focus to Reno Atlantis Following Colorado Splurge
After shelling out $400 million to enhance its namesake venue in Black Hawk, Colo., Monarch Casino & Resort (NASDAQ:MCRI) is turning its attention back to the Atlantis Casino Resort Spa -- the operator’s venue in its home market of Reno. While there...
Las Vegas One of Just Three Markets to Surpass 2019 Business Travel Levels
The hotel industry will miss out on $20.6 billion in business travel-related revenue this year, another sign the group is still struggling with the effects of the coronavirus pandemic. But Las Vegas is better-positioned than every other major market. The American Hotel...
Circa Sports Heads to Reno, Eyes Summer Launch at Legends Bay Casino
Circa Sports is on its way to northern Nevada, targeting the debut of a sportsbook in the coming months at the Legends Bay Casino in Sparks. It’s Circa’s first retail sportsbook in Nevada outside of its home market of Las Vegas and...
Full House Stock Can Double, EBITDA Triple, Says Analyst
Full House Resorts (NASDAQ:FLL) stock is up more than 5% in early trading Tuesday after an analyst said the regional casino operator is a catalyst-rich story with double potential. In a note to clients today, B. Riley analyst David Bain initiates coverage...
Penn National’s theScore Off to Fast Start in Ontario
Regulated mobile sports wagering debuted in Ontario, Canada, on April 4. Channel checks indicate theScore Bet is off to an impressive start by at least one metric. In a note to clients today, Morgan Stanley analyst Thomas Allen points out that on...
Everi, Golden Entertainment Among Gaming Equity Free Cash Flow Leaders
With interest rates rising and inflation soaring, companies’ ability to generate free cash flow (FCF) is all the more important. The gaming industry is home to several that are answering that call. In a note to clients today, Roth Capital analyst Edward...
Light & Wonder Slashes Debt to $4 Billion from $8.8 Billion
Light & Wonder (NASDAQ:SGMS) is firming its balance sheet in a big way, announcing that its debt burden is now $4 billion, down from $8.8 billion. Through a series of transactions, including the sale of its SG Lottery unit, the company formerly...
