5360 stories by Todd Shriber
Casino REITs Beacons of Stability in Real Estate Sector
Last year, the real estate sector languished, as hotel and office real estate investment trusts (REITs) were punished at the hands of the coronavirus pandemic. Surprisingly, gaming landlords proved sturdy, despite multi-month casino closures. The three publicly traded casino REITs -- Gaming...
Okada Manila Operator on SPAC Search to Gain Nasdaq or NYSE Listing
Universal Entertainment Group is looking for a US-based special purpose acquisition company (SPAC) to partner with to list the Okada Manila integrated resort business on the Nasdaq or New York Stock Exchange (NYSE). The Japanese company declared its intentions to work with...
Score Media to Reverse Split Stock, Hoping to Land Major US Exchange Listing
Score Media and Gaming Inc. (OTC:TSCRF), the Canadian sports wagering company also known as theScore, will reverse split its stock. The goal is gaining access to a major US bourse, such as Nasdaq or the New York Stock Exchange (NYSE). Currently, theScore's...
Tropicana Las Vegas Listed for $384 Million, Post-Repair Value Could Be $500 Million
About a month after Tropicana was listed for sale again, owner Gaming & Leisure Properties (NASDAQ:GLPI) finally has an official asking price: $384 million, according to real estate web site MyHouseDeals.com. Rumors about the fate of the venue have circulated since March...
Playboy Goes Public Again In SPAC Merger, Could Hunt Gaming, Sports Bet Deals
After nearly a decade as a privately held company, Playboy is again public, following its completion of a merger with special purpose acquisition company (SPAC) Mountain Crest Acquisition Corp. The blank-check entity said last October it was paying $381 million to acquire...
MGM Pops After Board Member Meister Touts Sports Betting Prospects
Shares of MGM Resorts International (NYSE:MGM) rallied ahead of the company's earnings report later today. That's after board member Keith Meister talked up the operator's sports betting prospects in an interview with CNBC. In late trading, shares of the Bellagio operator are...
ARK Buys More DraftKings for Internet Exchange Traded Fund
Cathie Wood's ARK Investment Management is rapidly building a sizable stake in DraftKings (NASDAQ:DKNG) stock. The New York-based asset manager and exchange traded funds (ETFs) issuer bought another 443,500 shares of the daily fantasy sports (DFS) provider and online sports betting operator...
Wynn Could Use Equity Sale Cash to Bolster Sports Betting Unit, Says Analyst
Wynn Resorts (NASDAQ:WYNN) announced Monday it's selling equity to raise capital, an offering that was increased due to strong demand. One sell-side analyst believes the operator's emerging interactive/sports betting unit is a likely destination for some of that cash. On Monday morning,...
Planet Hollywood Sale Rumors Swirling, Suitor List Could Be Long
A well-known Las Vegas insider says rumors are floating around regarding Caesars Entertainment (NASDAQ:CZR) potentially selling Planet Hollywood on the Strip. In a post earlier this afternoon, Vital Vegas notes a sale of the venue could be announced over the near-term. But...
Golden Nugget Online Gaming Says 2020 GGR Tops $100 Million, Has Fast Michigan Start
Golden Nugget Online Gaming (NASDAQ:GNOG) is previewing its 2020 financial results today, and the newly public company's numbers look sturdy. The iGaming firm is forecasting 2020 gross gaming revenue (GGR) of $101 million to $102 million, up approximately 67 percent from $60.9...
