5215 stories by Todd Shriber
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,...
GAN Acquires Silverback, Increasing Online Casino Games Portfolio
GAN Ltd. (NASDAQ:GAN) announced today it's acquiring online casino game developer Silverback Gaming -- a deal that adds to the buyer's roster of internet casino games. Financial terms of the transaction weren't disclosed. Privately held Silverback has offices in Bulgaria and the...
Wynn Macau Assets Could Be ‘Salable’, Says Analyst
Executive change at Wynn Resorts (NASDAQ:WYNN) and a dramatically altered Macau VIP landscape could eventually compel the operator to sell its assets in the special administrative region (SAR), speculates an analyst. In a note to clients earlier this week, CBRE analyst John...
Vietnam’s VNG Looking to Raise up to $300M, Eyes US Listing
VNG Corp., the fast-growing Vietnamese online gaming operator, is looking to raise up to $300 million and is considering listing on a US bourse. Reports recently surfaced that VNG, backed by Singapore's sovereign wealth fund GIC Pte., is looking to raise $200...
DraftKings, Penn Earn Cautious, But Optimistic Analyst Commentary
In recent weeks, DraftKings (NASDAQ:PENN) and Penn National Gaming (NASDAQ:PENN) are among the most repudiated sports betting equities. But at least one analyst is cautiously optimistic on the pair. CBRE analyst John DeCree is resuming coverage of a slew of gaming stocks,...
Caesars, MGM Selloffs Creating Buying Opportunities, Says Analyst
Shares of MGM Resorts International (NYSE:MGM) and Caesars Entertainment (NASDAQ:CZR), the two largest operators on the Las Vegas Strip, are each off nearly 11 percent over the past month. However, at least one analyst believes those pullbacks will prove to be buying...
DraftKings Lands NFL Non-Fungible Token Deal
DraftKings (NASDAQ:DKNG) is boosting its footprint in the booming non-fungible token (NFT) arena. The company announced today that it reached a deal with the NFL Players Association (NFLPA) to roll out “gamified” NFT collections. The agreement also includes OneTeam Partners, a firm...
