5316 stories by Todd Shriber
Caesars Stock ‘Undervalued’ After Recent Slide, Says Analyst
Gaming equities are slumping, and Caesars Entertainment (NASDAQ:CZR) isn't proving immune to that trend. Shares of the Harrah's operator are off 18.72 percent over the past month and are nearly 30 percent below the 52-week high, but some analysts aren't throwing in...
Mirage Sale Benefits Caesars, Wynn, Says Analyst
On Monday, MGM Resorts International (NYSE:MGM) announced the sale of the Mirage operating rights to Hard Rock International for $1.075 billion. There are potential benefits in that deal for rival gaming companies. That price tag was surprisingly high, and underscores the desirability...
Hard Rock Arrives On Las Vegas Strip in $1.07B Mirage Purchase
Hard Rock International is doling out $1.075 billion for the operating rights to the Mirage, making it the first tribal operator on the Las Vegas Strip. MGM Resorts International (NYSE:MGM) confirmed last month it was in the process of selling the gaming...
DraftKings NFL NFT Deal ‘Call Option’ on Stock
Last week, DraftKings (NASDAQ:DKNG) announced an accord with the NFL Players Association (NFLPA) to distribute collections of non-fungible tokens (NFTs). Some market observers see potential investment implications in the deal. Notably, the NFLPA is granting the gaming company name, image, and likeness...
Caesars, Penn National Miss Out on Nasdaq-100 Promotion
Caesars Entertainment (NASDAQ:CZR) is among the well-known gaming equities that didn't make the cut to enter the widely observed Nasdaq-100 Index (NDX). The Nasdaq-100, which is home to the 100 largets non-financial stocks trading on that exchange, underwent its annual reconstitution on...
Full House Stock Comes Up Aces on Waukegan Win
Full House Resorts (NASDAQ:FLL) stock got a major lift this week. That's after the Illinois Gaming Board (IGB) chose the operator as the winning bidder for an integrated resort project in Waukegan. On Dec. 8, the day of the IGB announcement, shares...
Red Rock Resorts Meaningfully Reduces Shares Outstanding Count in Dutch Auction
Red Rock Resorts, Inc. (NASDAQ:RRR) is significantly reducing the amount of its freely floating shares by way of a previously announced tender offer. In announcing the results of a Dutch auction today, the Station Casinos parent said more than 6.92 million shares...
Dave & Buster’s Holding Sports Betting Talks, Says CEO
Dave & Buster's Entertainment (NASDAQ:PLAY), the restaurant operator known for its wide selection of in-store games, is mulling sports betting and is holding talks to that effect. Chairman and interim CEO Kevin Sheehan made comments along those lines on the company's third-quarter...
Fertitta Entertainment, SPAC Mutually Agree to Scrap $8.6 Billion Merger
Tilman Fertitta’s Fertitta Entertainment (FEI) and special purpose acquisition company (SPAC) FAST Acquisition (NYSE:FST) are ending an $8.6 billion combination. The deal would have served as the avenue for the owner of the Golden Nugget casinos to again be a publicly traded...
Skillz Stock Slides on $300M Debt Sale
Skillz (NYSE:SKLZ) stock tumbled Thursday after the mobile games developer announced it's selling $300 million worth of corporate debt. The San Francisco-based company said the senior secured notes, which come due in 2026, are being sold in a private offering. Interest rates,...
