5136 stories by Todd Shriber
Caesars Digital Betting Biz Valuation Not Adequately Appreciated, Says Analyst
Caesars Entertainment (NASDAQ:CZR) is a rising force in the internet casino and online sports betting industries. But an analyst argues the current share price implies negative value for the digital business, while lower-quality rivals command billions of dollars in equity value for...
Nevada Rep. Susie Lee Discloses Husband Purchased Wynn Resorts Shares
Rep. Susie Lee (D-NV) revealed her soon-to-be former husband, Dan Lee, recently purchased shares of Wynn Resorts (NASDAQ:WYNN). In a periodic transaction report with the clerk of the House of Representatives, Lee, who represents Nevada's third congressional district, disclosed that her husband...
Bragg Gaming Soars After Raising 2022 Guidance
Shares of Bragg Gaming Group (NASDAQ:BRAG) are surging Tuesday after the Canadian gaming technology provider lifted its 2022 guidance. It also delivered a preliminary outlook for its fourth quarter and all of 2021 that indicates the company will top estimates for those...
Everi Expands Cashless Gaming Offerings in ecash Holdings Buy
Everi Holdings (NYSE:EVRI) is bolstering its cashless gaming portfolio through the $30.41 million acquisition of ecash Holdings Pty Ltd. ecash Holdings is a privately held, Australia-based developer and provider of cash handling and payment technology for gaming companies in Australia, Asia, Europe...
Horseshoe Brand Coming to St. Louis in Lumière Place Refresh
Caesars Entertainment is bringing the famed Horseshoe brand to St. Louis as it's renaming and refurbishing Lumière Place Casino and Hotel. The Horseshoe brand carries some weight in the casino industry. It has history, too, with the original Binion’s Horseshoe in Las...
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...
