5034 stories by Todd Shriber
Penn National Buying Score Media for $2B in Canada, Tech Access Push
Penn National Gaming (NASDAQ:PENN) is paying $2 billion in cash and equity to acquire Score Media and Gaming (NASDAQ:SCR). It's a bid to capitalize on the approval of single-game wagering in Canada and to bring gaming technology in-house. The regional casino operator...
Gaming and Leisure Properties Stock Rallies as Rivals Combine
Gaming and Leisure Properties (NASDAQ:GLPI) stock is among Wednesday's best-performing real estate names. That's after an analyst upgraded the shares and as consolidation comes to its peer group. In a note to clients earlier today, UBS analyst Robyn Farley lifts her rating...
Caesars Eyes Sale of Las Vegas Asset, Plans $1B iGaming, Sports Betting Investment
Caesars Entertainment (NASDAQ:CZR) reported second-quarter results late Tuesday, returning to profitability for the first time since the start of the coronavirus pandemic. They did so while posting record quarterly adjusted earnings before interest, taxes, depreciation and amortization (EBITDA). The Harrah's operator earned...
VICI Paying $17.2B for MGM Growth Properties, Creates Biggest Strip Casino Landlord
VICI Properties (NYSE:VICI) is buying rival MGM Growth Properties (NYSE:MGP) for $17.2 billion in stock. It's an acquisition creating the dominant owner of Las Vegas Strip casino real estate. Under the terms of the transaction, VICI assumes $5.7 billion in MGP debt...
Rush Street Interactive Stock Has Double Potential, Says Analyst
Like many of its internet casino brethren, Rush Street Interactive (NYSE:RSI) stock is struggling mightily. But at least one analyst believes the beleaguered shares have the potential to more than double. In a note to clients out late Monday, Macquarie analyst Chad...
IGT Boosts 2021 Outlook, Expects to Beat 2019 Metrics
On the back of impressive second-quarter results, International Game Technology (NYSE:IGT) raised its full-year outlook today. It noted it expects to top some 2019 metrics, but the stock is trading lower. The maker of the popular Wheel of Fortune slot machine said...
Macau Sets Prevention Policies After Four New COVID-19 Cases Emerge
Macau is deploying “immediate pandemic prevention” protocols after a local family of four tested positive for COVID-19. It's the special administrative region's (SAR) first documented transmissions of the virus in 500 days. Authorities in the world's largest casino center believe the original...
Shadow Creek Tops List of Casino Golf Courses, Two Other Nevada Tracks Make Cut
MGM Resorts International's famed Shadow Creek Golf Course tops Golfweek's list of top 50 courses owned or operated by gaming companies. Golfweek panelists rate courses on a variety of criteria on scales of one to 10. They also file an overall composite...
Skillz Takes $50 Million Stake in Exit Games
Mobile games developer Skillz Inc. (NYSE:SKLZ) is making a $50 million investment in Exit Games. It's a move aimed at bolstering the former's multiplayer gaming technology platform. Germany-based Exit Games provides developers with the tools they need to create and host real-time...
Caesars, Penn National Among S&P 500 with Strongest 12-Month Potential
Gaming equities are a mixed bag in terms of 2021 performance, and that murkiness is only being enhanced by the recent emergence of the delta variant of the coronavirus. Year-to-date, the pace of recovery in Macau -- the world's largest gaming center...
