5136 stories by Todd Shriber
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...
Penn National Stock Sell-Off Overdone, Says Analyst
Once beloved among gaming equities, Penn National Gaming (NASDAQ:PENN) stock is off 41.53 percent from its March highs. At least one analyst believes that sell-off is unjustified. Following investor meetings with Penn CEO Jay Snowden, Stifel analyst Steven Wieczynski issued a new...
Bally’s Jumps Into Mobile Sports Betting with Colorado App Debut
Bally’s (NYSE:BALY) finally has a mobile sportsbook app to go along with its growing list sports wagering assets after the company launched Bally Bet in Colorado. For over a year, the Rhode Island-based gaming company Bally's has been cobbling together sports betting...
Yokohama Casino Competition Two-Horse Race Between Genting, Melco
The Yokohama integrated resort fray is now widely seen as a two-operator competition between Genting Singapore and Melco Resorts & Entertainment (NASDAQ:MLCO). That appears to be the case after the city's request for proposal (RFP) process turned up just four bidders --...
DraftKings Had Eyes for Bleacher Report in 2020, Rumor Could Resurface
DraftKings (NASDAQ:DKNG) reportedly made a run at acquiring Bleacher Report last year, and there are viable reasons why that speculation could reappear over the near-term. An article by The Information out earlier today indicates the sportsbook operator broached the subject of buying...
Macau Rebound Moving Along, Full Recovery Coming in 2022, Says Morningstar
Gaming equities with heavy Macau exposure are lagging their Las Vegas-centric and regional counterparts this year. Investors are jittery are about the sluggish pace of recovery in the world's largest casino center and a recent uptick in coronavirus cases in Mainland China....
GAN Stock Soars as Company Lands Michigan Tribal Deal, Analyst Waxes Bullish
GAN Ltd. (NASDAQ:GAN) stock is surging Monday. That's after the gaming technology provider said it inked a deal with the Saginaw Chippewa Indian Tribe of Michigan to deploy its cloud computing services at a casino owned by the tribe. GAN will provide...
Golden Entertainment Credit Outlook Lifted to ‘Stable,’ Ratings Upgrade Possible
The outlook on Golden Entertainment's (NASDAQ:GDEN) B3 credit rating was recently upgraded by Moody's Investors Service, and while an alteration to that grade wasn't made in the assessment, it's a possibility in the future. The research firm raised its outlook on the...
Genting Singapore Seen in Catbird Seat in Yokohama Casino Race, Says Bank
The field of contenders pursuing a Yokohama integrated resort license is declining in number. But one research firm sees Genting Singapore as the leader in the clubhouse. In a recent report, Maybank Research estimates that a gaming venue in Japan's second-largest city...
Tabcorp to Keep Apollo, Entain Waiting on Divestment Decision for Another Month
Tabcorp will keep suitors for its media and sports wagering businesses on hold for at least another month. The board of the Australian company meets on June 20. Apollo Global Management (NYSE:APO) and Entain Plc (OTC:GMVHY) are viewed as the prime bidders...
