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Todd Shriber
5738 stories by Todd Shriber
MGM Resorts Sells Springfield Casino Real Estate to MGP for $400M
MGM Resorts International (NYSE:MGM) is selling its MGM Springfield integrated resort to MGM Growth Properties (NYSE:MGP), the gaming company's primary landlord, for $400 million in cash. The deal is a sale-leaseback transaction, which has become...
Bally’s Stock Weakness Could Be Long-Awaited Buying Opportunity, Say Analysts
Once among the hottest gaming equities, Bally's (NYSE:BALY) is following the broader group lower. That's despite reporting record first-quarter adjusted earnings before interest, taxes, depreciation and amortization (EBITDA). Some analysts are sticking up for the...
Wynn Stock Setup Encouraging on Macau, iGaming IPO
On another dismal day for the broader gaming complex, Wynn Resorts (NASDAQ:WYNN) stock is standing out with a modest gain early Tuesday. The operator is winning praise for encouraging Macau results and the decision to...
Wynn Interactive Going Public in Deal with Foley SPAC Austerlitz Acquisition
Wynn Resorts (NASDAQ:WYNN) said today it's entering an agreement with special purpose acquisition company (SPAC) Austerlitz Acquisition Corp. I (NYSE:AUS) to bring the gaming operator's interactive unit public. In a deal with estimated post-transaction enterprise...
DraftKings Drilled, as Trio of Analysts Lower Price Targets
DraftKings (NASDAQ:DKNG) stock is extending what's now a precipitous decline, as at least three analysts today trimmed price forecasts on the sportsbook operator. In early trading Monday, shares of the daily fantasy sports (DFS) provider...
Red Rock Resorts Palms Sale Credit Positive, But No Ratings Upgrade Yet, Says Moody’s
Last week, Red Rock Resorts, Inc. (NASDAQ:RRR) announced the $650 million sale of Palms Casino Resort in Las Vegas to the San Manuel Band of Mission Indians. The move is lauded by Moody's Investors Service....
Apollo Lack of Sportsbook Experience Could Be Hurdle in Tabcorp Bid, Say Analysts
Last week, Apollo Global Management (NYSE:APO) upped its bid for Tabcorp’s betting and media businesses to $3.1 billion. But some analysts believe the private equity firm's dearth of direct sportsbook operational experience could hinder its...
Penn National Analysts Rush to Defend Stock as Slump Intensifies
On Thursday, Penn National Gaming (NASDAQ:PENN) reported better-than-expected first-quarter results, but the stock tumbled more than eight percent. That extends a now-lengthy slide that's seen the regional casino operator shed 18 percent over the past...
Sportradar, SPAC Suitor Lengthen Acquisition Time Line
Sportradar and Horizon Acquisition Corp. II (NYSE: HZON) are reportedly extending negotiations to bring the deal across the finish line. Horizon is the special purpose acquisition company (SPAC) looking to merge with the betting data...
Apollo Makes $3.1 Billion Offer for Tabcorp Assets, Topping Entain Bid
Apollo Global Management (NYSE:APO) is making another run at Tabcorp’s betting and media businesses. It is offering nearly $3.1 billion for the Australian company's sought-after assets, while topping a recently revised bid of $2.7 billion...
