5402 stories by Todd Shriber
SBTech Founder Shalom McKenzie, Major DraftKings Shareholder, Takes Board Seat
SBTech founder and majority shareholder Shalom McKenzie is flexing some muscle as the largest holder of newly public DraftKings (NASDAQ:DKNG) common equity, taking a board seat at the daily fantasy sports (DFS) and sportsbook operator. McKenzie's SBTech, a provider of sports wagering...
Clark County Makes Coronavirus Tests Available at Orleans Casino
In partnership with University Medical Center (UMC), the Clark County Commission is offering drive-thru coronavirus testing at the Orleans Casino on Tuesday, May 5 and Wednesday, May 6. Located at 4500 West Tropicana Ave., the Orleans is owned by Boyd Gaming, and...
Vici Properties Offers Value Among Gaming REITs, Significant Upside Potential, Says Analyst
Vici Properties (NYSE:VICI) is lower by 35.19 percent year-to-date, a drubbing one analyst believes may have been created overly negative expectations levied against the real estate company in the wake of coronavirus gaming venue closures. Shares of the gaming real estate investment...
Eldorado Could Need Leveraged Loan Market to Thaw to Get Caesars Deal Done
Eldorado Resorts (NASDAQ:ERI) is aiming to have its $17.3 billion takeover of rival Caesars Entertainment (NASDAQ:CZR) wrapped sometime in June. But it could need the leveraged loan market to thaw to get the acquisition across the finish line. Leveraged loans are extended...
Macau Experiences April Showers as Gaming Revenue Plunges 97 Percent
Gross gaming revenue (GGR) in the gambling enclave of Macau tumbled 96.8 percent in April. That's as travel controls implemented to stem the spread of the coronavirus continue weighing on the Special Administrative Region's (SAR) casino-driven economy, In the fourth month of...
Twin River Finds Another $275 Million in Financing, Firms Balance Sheet for Recent Deals
Twin River Worldwide Holdings (NYSE:TRWH) is expanding its bank loan capacity by $275 million, bringing more cash onto its balance sheet to finance a series of recently announced acquisitions. The gaming company said it expects to be funded on May 11. The...
DraftKings Lands Morgan Stanley Coverage, Bank Sees ‘Best-in-Breed’ Sports Betting Opportunity
Newly public DraftKings (NASDAQ:DKNG) is trading modestly higher Thursday after Morgan Stanley initiated coverage of the daily fantasy sports (DFS) behemoth and sportsbook operator with an “outperform” rating and a $23 price target. That price target from analyst Thomas Allen implies upside...
Boyd Gaming Bounces Despite Ugly Q1, Analyst Sees ‘Compelling’ Long-Term Opportunity
Boyd Gaming (NYSE:BYD) is rallying Wednesday, trading higher by 2.34 percent even after the company reported an unexpected adjusted first-quarter loss. But the stock may be getting some support from bullish analyst commentary. The operator of The Orleans and Sam's Town in...
San Manuel Again Extends Closure Even as San Bernardino County Coronavrius Death Toll Steadies
San Manuel Casino, one of the giants of Southern California's tribal gaming landscape, is extending its coronavirus-induced closure for a third time. That's even as the fatality toll from the respiratory illness steadies in the gaming property's home county. The San Manuel...
Melco Resorts Issues Grim Forecast on Coronavirus Impact
Melco Resorts & Entertainment (NASDAQ:MLCO) said the coronavirus pandemic is having a material impact on its operations, the bulk of which are in Asia – one of the regions most hard hit by the respiratory illness. The operator of Altira Macau and...
