5136 stories by Todd Shriber
IGT Selling Italian Payments Unit for $788M
International Game Technology (NYSE:IGT) announced today its IGT Lottery S.p.A. is selling its Italian proximity payment business to PostePay S.p.A. -- Patrimonio Destinato IMEL -- for $788.31 million. IGT's board of directors approved the transaction, which is slated to close in the...
Golden Entertainment Graduates to Small-Cap Index
Golden Entertainment (NASDAQ:GDEN) is earning a notable equity index promotion, as the stock is heading toward the S&P SmallCap 600 Index. Standard & Poor's (S&P), one of the largest providers of equity benchmarks, made the announcement after the close domestic markets last...
International Game Technology Inks 20-Year Extension with Rhode Island Lottery
International Game Technology (NYSE:IGT) said Friday it agreed to a wide-ranging, 20-year contract extension with the Rhode Island Lottery. The lottery operator and slot machine manufacturer has a lengthy history in the state. While financial terms (it's likely worth $1 billion) of...
Esports Entertainment Endures Miserable Week, Analyst Highlights Liquidity Issues
Esports Entertainment Group (NASDAQ:GMBL) shed nearly two-thirds of its value this week. That's after the company missed fourth-quarter estimates and cut 2022 guidance, prompting an analyst to question the firm's liquidity position. Earlier this week, the Malta-based gaming and sports betting company...
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...
