5456 stories by Todd Shriber
Andrew Yang Floats New York City Casino Idea, Plan Faces Steep Odds at Proposed Site
Andrew Yang believes a casino on Governors Island in New York Harbor would be an important contributor to the city's post-pandemic economic recovery. But the idea faces long odds of moving beyond the concept phase. The 2020 Democratic presidential candidate turned New...
ARK Invest, Famed Tesla Supporter, Sees Online Sports Betting Handle Swelling to $180 Billion
Cathie Wood's ARK Investment Management is bullish on the growth trajectories of the esports, fantasy sports, and online sports wagering industries. For operators and investors alike, ARK's call is meaningful. This is because the New York-based asset manager and exchange-traded funds (ETFs)...
Entain Shares Plunge as MGM Says it Won’t Make Another Takeover Offer
Entain Plc's (OTC:GMVHY) US-listed shares are tumbling Tuesday. That's after MGM Resorts International (NYSE:MGM) said it won't revise its acquisition proposal for the British bookmaker. Earlier this month, the Mirage operator offered 0.6 shares for each share of its partner on the...
JACK Management Team Acquires Two Ohio Casinos From Dan Gilbert
Billionaire businessman Dan Gilbert is out of the Ohio casino businesses. That's after reportedly selling his JACK Entertainment to the company's management team last month. JACK Chairman Matthew Cullen confirmed to the Cleveland Jewish News (CJN) that the gaming company no longer...
Century Casinos Lengthens Closure of Poland Properties Through January 31
Less than three weeks after announcing another temporary closure of its Poland gaming venues, Century Casinos said those properties will remain closed through Jan. 31. Late last month, the Colorado-based gaming company said it was shuttering its casinos in Poland to comply...
Affinity Gaming Merging with New SPAC, Seeks More Casino, Leisure Deals
Affinity Gaming, the owner of the Silver Sevens Casino in Las Vegas, is merging with a newly formed special purpose acquisition company (SPAC). It plans to pursue addition consolidation opportunities following that marriage. In a Form S-1 filing with the Securities and...
Minnesota Sports Betting Bills Coming Next Week, Odds of Passage Appear Long
Minnesota lawmakers from both sides of the aisle are readying sports wagering legislation that could be introduced as soon as next week. Despite the bipartisan push, it's going to take some work to pass a comprehensive bill. State Rep. Pat Garofalo (R-Farmington)...
Melco Resorts Debt Could Swell to $7 Billion Warns Moody’s
Melco Resorts & Entertainment (NASDAQ:MLCO) could see its debt burden balloon over the next 12 to 18 months. That's as the pace of recovery in the world's largest casino center remains lethargic. The company is one of the six concessionaires in the...
Playtika Soars After IPO Priced Above Expected Range
Mobile gaming company Playtika (NASDAQ:PLTK) is surging in its first day of trading after its initial public offering (IPO) was priced well above estimates. In a Form S-1 filing last week with the Securities and Exchange Commission (SEC), the Israeli company said...
Fertitta Eyeing Another SPAC Deal to Bring Golden Nugget, Landry’s Restaurants Public
Tilman Fertitta is reportedly in discussions with Fast Acquisition Corp. (NYSE:FST) on a merger that would provide an avenue for the billionaire to bring his Golden Nugget casinos and Landry's restaurants operations public. Shares of Fast, a special purpose acquisition company (SPAC),...
