5360 stories by Todd Shriber
Tropicana Las Vegas Drawing Interest, But Prospective Buyers Lacking Cash, Says GLPI
Tire kicking on Tropicana Las Vegas continues, but owner Gaming and Leisure Properties (NASDAQ:GLPI) says many of the interested suitors don't have the cash to make an acceptable offer. GLPI owns the property assets of the venue, while Penn National Gaming (NASDAQ:PENN)...
Tropicana Las Vegas Drawing Interest, But Prospective Buyers Lacking Cash, Says GLPI
Caesars Drops Korea Casino Projects, Sells Stake to Former Partner R&F Properties Caesars Entertainment (NASDAQ:CZR) reportedly sold its stake in an integrated resort project in Incheon, South Korea to its now-former partner, Guangzhou R&F Properties Co. Ltd. An unidentified official from the...
DraftKings Could Get Canadian Boost, Says Analyst
DraftKings (NASDAQ:DKNG) is one of the US-based gaming companies that stands to benefit from the legalization of single-game sports wagering in Canada, according to one Wall Street analyst. Earlier this week, the House of Commons resoundingly passed Bill C-218. It's legislation that...
Canada Green Lights Single-Game Sports Betting In Win for theScore, Other Gaming Companies
In a highly anticipated move, Canada's parliament on Wednesday approved wagering on individual sporting events, paving the way for eventual introduction in provinces and territories. Bill C-218, legislation introduced last year by Member of Parliament Kevin Waugh (Saskatoon-Grasswood), was voted on and...
Unidentified Operator Advances in Yokohama Casino RFP Process
The Japanese city of Yokohama said Tuesday one company already met early qualification standards for an integrated resort bid. Japan's second-largest city started accepting pre-screening applications from interested parties on Feb. 5 for a process that will run through May 17. Yokohama...
Stanley Druckenmiller Pares Penn National Gaming Stake
Hedge fund manager Stanley Druckenmiller's Duquesne Family Office reconfigured its equity portfolio in the fourth quarter, including reducing its position in Penn National Gaming (NASDAQ:PENN). According to a Tuesday 13F filing with the Securities and Exchange Commission (SEC), the regional gaming stock...
Loeb, Litt Drop, Reduce Exposure to Caesars Stock
Some well-known money managers reduced or outright eliminated holdings in Caesars Entertainment (NASDAQ:CZR) in the final three months of 2020. Dan Loeb's Third Point hedge fund departed the gaming giant's shares in the fourth quarter, marking the end of a brief flirtation...
Soros Rings Register on DraftKings Stock, Exits Gaming Name
Soros Fund Management, the family office of billionaire financier George Soros, has liquidated its position in online sportsbook operator DraftKings (NASDAQ:DKNG). DraftKings was one of three stakes Soros Fund Management eliminated entirely during the fourth quarter. The other two are not gaming...
PlayAGS Stock Has Double Potential, Says Roth Capital Analyst
PlayAGS (NYSE:AGS) stock is in rally mode Tuesday, after a sell-side analyst said shares of the gaming device manufacturer offer significant upside potential. On Tuesday, Roth Capital analyst David Bain reiterated a “buy” on the slot machine maker will lifting his 12-month...
Genius Sports, WynnBET Ink Sportsbook Deal, NASCAR, International Sports in Focus
Sports betting data provider Genius Sports and Wynn Resorts' WynnBET unit have reached an agreement to provide the sportsbook operator with data services. Financial terms of the pact weren't disclosed. London-based Genius is now providing WynnBET with its LiveData and LiveTrading services...
