4982 stories by Todd Shriber
Genting Singapore, Melco Resorts Officially Advance in Yokohama Casino Bidding Process
As was widely expected, Genting Singapore and Melco Resorts & Entertainment (NASDAQ:MLCO) are the gaming operators that qualified to participate in Yokohama's request for proposal (RFP) plans. Japan's second-largest city made the announcement yesterday. Ultimately, one of the companies will be selected...
Universal Entertainment Hit with CCC+ Credit Rating as Fitch Worries About Okada Manila SPAC Deal
Japanese gaming company Universal Entertainment Corp.'s (UEC) credit rating has been lowered to “CCC+” from “B” by Fitch Ratings. The research firm expressed concerns about the operator's plans to list its Okada Manila integrated resort business on a US exchange. Corporate bonds...
Entain CEO Urges Tabcorp To Take His Bid to Avoid Risky Rivals
Entain Australia CEO Dean Shannon, not surprisingly, believes his company's $2.7 billion proposal for Tabcorp's media and sports wagering businesses is the best in a growing field and is urging the operator to accept that bid. Speaking publicly on the matter for...
News Corp Australia Aiming for FOX Bet Debut, Could Pursue Tabcorp Sports Wagering Unit
News Corp Australia is reportedly in late-stage discussions with a group headed by renowned Australian bookmaker Matthew Tripp. That could lead to the creation of a new wagering entity and a run at Tabcorp's media and sports betting businesses. Unidentified sources with...
Everi Stock Has Good Vibes, Analyst Sees Lot More Upside
Quietly, Everi Holdings (NYSE:EVRI) stock is one of this year's best-performing gaming equities. Even with a 50.11 percent 2021 gain, the slot manufacturer and Fintech purveyor offers much more upside, according to one analyst. In a recent note to clients, B. Riley's...
Boyd Gaming Stock Is Hot, But Underappreciated, Says Analyst
Up 52.31% year-to-date, Boyd Gaming (NYSE:BYD) stock is a star among gaming equities. But at least one analyst says the casino operator may not be getting all the adulation it deserves. In a new note to clients, Stifel analyst Steven Wieczynski reiterates...
BetMakers Jumps Into Tabcorp Bidding Fray with $3.1 Billion Offer
Australian betting technology company BetMakers is inserting itself into the field of contenders for Tabcorp's media and sports wagering units with a $3.1 billion bid. The proposal, revealed late Thursday, is equivalent to $4 billion in local currency terms, and is a...
Magic City Casino, Flagler Dog Track Demand Insurers Pay COVID-19 Claims
West Flagler Associates, the holding company for Florida gaming venues that include Flagler Dog Track and Magic City Casino, is suing several insurance providers. West Flager demands they make good on coronavirus-related claims while alleging conspiratorial behavior. In the case of West...
Century Casinos Mulls Addition of Hotel to Missouri Gaming Venue
Century Casinos is considering adding a hotel to its namesake gaming property in Cape Girardeau, Mo. But it's not yet clear when such a project will commence or what the size and price will be. Lyle Randolph, Century Casino Cape Girardeau’s general...
Boyd Gaming Upsizes Debt Sale to $900 Million
Boyd Gaming (NYSE:BYD) is selling $900 million worth of corporate debt. It's the latest sign gaming companies are easily able to access capital in the wake of the coronavirus pandemic. Generally, debt sales by companies in any industry aren't remarkable -- it's...
