5316 stories by Todd Shriber
Las Vegas Sands Still Preferred Way to Play Macau Rebound
Las Vegas is abuzz with activity again, and regional casinos have long since shaken off the effects of the coronavirus pandemic. But Macau is lagging, pressuring some of the largest gaming equities in the process. Down 11 percent year-to-date, Las Vegas Sands...
Gopher Investments Bids $250M for Playtech Finalto Unit, Tops Management-Led Offer
Gopher Investments is offering $250 million in cash to acquire Playtech's (OTC:PYTCY) Finalto business. It's a bid the suitor says is well ahead of the pitch made by Finalto management. The investment firm's pitch is $80 million, or 47 percent above what...
Apollo Seen as Leading Contender for William Hill Assets, But Entain Lurking
Private equity behemoth Apollo Global Management (NYSE:APO) is rumored to be in the pole position to win William Hill's international businesses. But Entain Plc (OTC:GMVHY) could be mulling a bid, too, according to reports on the matter. Caesars Entertainment (NASDAQ:CZR) paid about...
Scientific Games Earns Analyst Praise for Lottery, Sports Betting Divestment Plans
Earlier this week, Scientific Games (NASDAQ:SGMS) revealed plans to part with its lottery management and sports wagering businesses. The move is drawing applause from Wall Street. In a note to clients, Stifel analyst Jeffrey Stantial reiterated a “buy” rating on Scientific Games...
CBRE Buys Union Gaming in Bid to Bolster Gaming Investment Operations
Commercial real estate giant CBRE Group (NYSE: CBRE) is acquiring Union Gaming, a boutique investment bank focusing on the gaming industry. The financial terms of the transaction weren't disclosed. Based in Las Vegas, with another office in Hong Kong, Union Gaming was...
MGM Buys Half of CityCenter, Sells Aria, Vdara Real Estate to Blackstone for $3.89B
MGM Resorts International (NYSE:MGM) is busy again on the Las Vegas Strip. It announced today that it's acquiring the 50 percent of CityCenter it didn't previously own, and is selling the property assets of Aria and Vdara. The casino operator is paying...
Fertitta Entertainment Adds Restaurants to SPAC Deal, Value Vaults to $8.6B
Tilman Fertitta's Fertitta Entertainment is adding several dining concepts to its previously announced merger accord with special purpose acquisition company (SPAC) FAST Acquisition (NYSE:FST). The owner of Golden Nugget Casinos and Landry's restaurants is increasing the enterprise value of the target to...
Tabcorp Rumored to Be Talking with Apollo, Entain
The rumor mill pertaining to Tabcorp's plans to perhaps sell its media and sports wagering units continues spinning. Speculation is emerging that the Australian gaming company is holding discussions with suitors Apollo Global Management (NYSE:APO) and Entain Plc (OTC:GMVHY). The private equity...
Melco’s Lawrence Ho Looking to Raise up to $172.5M in Black Spade SPAC Listing
Melco Resorts & Entertainment (NASDAQ:MLCO) Chairman and CEO Lawrence is joining the special purpose acquisition company (SPAC) parade in the US. He is filing plans to raise up to $172.5 million in an initial public offering (IPO) for Black Spade Acquisition. Plans...
Sports Betting, iGaming Consolidation Activity Has Long Runway Ahead, Say Analysts
Still in its nascent stages, the domestic online casino and sports wagering industries are thriving. That growth is expected to add to an already brisk pace of mergers and acquisitions and other transactions. In a dream scenario becoming reality for investment bankers,...
