5136 stories by Todd Shriber
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...
Las Vegas Sands Stock Lures Bullish Options Traders
Amid a slower-than-expected rebound in Macau, Vegas Sands (NYSE:LVS) stock is languishing. But some options traders see an upside opportunity. Vegas Sands is the largest operator in Macau. The largest publicly traded gaming company by market capitalization is down 14.13 percent year-to-date....
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,...
MGM Growth, VICI Properties Among Top Net Lease Ideas, Says Research Firm
Gaming real estate investment trusts (REITs) MGM Growth Properties (NYSE:MGP) and VICI Properties (NYSE:VICI) are preferred ideas among real estate equities with the net lease designation, according to a research firm. In its recent "Finding Opportunities in REITs" webcast, Baird explored ideas...
Scientific Games Divesting Lottery, Sports Betting Units, Eyes IPO or SPAC Deal
Scientific Games (NASDAQ:SGMS) stock is rallying Tuesday. That's after the gaming equipment maker said it will divest its lottery management and sports wagering units as part of an ongoing effort to deleverage its balance sheet. The transactions, which are also aimed at...
Intralot Creditors Agree to Help Company Pay Off Debt in New Bond Deal
Creditors of Intralot are extending $177 million in financing to help the struggling Greek gaming operator meet debt payments coming due in September as part of a new bond agreement. Under the terms of the new accord, creditors will lend cash to...
Bally’s a Sports Betting Play as Investors Fret Over Integration, Says Analyst
Bally’s (NYSE:BALY) stock is lagging the broader gaming equity group over the past several months, as investors express concern about the company's ability to adequately digest recent acquisitions. But one analyst sees the issues hindering the shares being resolved and the opportunity...
