4982 stories by Todd Shriber
Bally’s Finalizes Eldorado Shreveport Buy from Caesars, Expands Reach to Seven States
Bally's (NYSE:BALY) put the finishing touches on its $140 million purchase of the Eldorado Resort Casino Shreveport from Caesars Entertainment (NASDAQ:CZR), funding the Louisiana deal with cash on hand and capital from a credit revolver. That venue is one the company previously...
Penn National Enthusiasm Grows on Wall Street, Analyst Raises Target to $115
Penn National Gaming (NASDAQ:PENN) is garnering more support among sell-side observers. Rosenblatt Securities analyst Bernie McTernan is boosting his price forecast, helping the shares to modest gains in early trading. In a note to clients today, McTernan lifts his price target on...
Accel Entertainment Slapped with $5 Million Illinois Fine Stemming from DraftKings Deal
The Illinois Gaming Board (IGB) is penalizing video gaming terminal (VGT) distributor Accel Entertainment (NYSE:ACEL) to the tune of $5 million. The penalty relates to an agreement the company inked with DraftKings (NASDAQ:DKNG) in September. Under the terms of that accord, Accel's...
Moody’s Views Casino Gaming Among Strongest Leisure Industries Heading Into 2021
The travel and leisure industry is ready to put 2020 behind it, and Moody's Investors Service sees gaming as one of the segments most likely to firm up next year. Citing reopenings that commenced in the second quarter, the research firm says...
Apollo Woos Great Canadian Gaming Shareholders, Boosts Takeover Bid by 15 Percent
Apollo Global Management (NYSE:APO) is obliging Great Canadian Gaming Corp. (GCGC) investors, hiking its takeover offer for the casino operator 15.4 percent to C$45 a share from C$39. The private equity firm's upped bid for the gaming company comes a week after...
Landcadia Amends Voting Requirement to Seal Golden Nugget Online Deal
Landcadia Holdings II, Inc. (NASDAQ:LCA) is taking steps to ensure it's able to finalize its merger with Golden Nugget Online Gaming (GNOG). It is amending the purchase agreement to shorten the odds the transaction passes at an upcoming shareholder meeting. Last week,...
Macau Stocks Steady Heading Into 2021, Analyst Hikes Targets on LVS, MGM, Wynn
Las Vegas Sands (NYSE:LVS), MGM Resorts International (NYSE:MGM), and Wynn Resorts (NASDAQ:WYNN) are the domestic gaming companies with Macau footprints. To say that trait has been problematic in 2020 is underplaying the matter. With the calendar soon turning to 2021 and green...
Caesars, DraftKings Inch Closer to Nasdaq-100 Index Inclusion
Caesars Entertainment (NASDAQ:CZR), DraftKings (NASDAQ:DKNG), and some other gaming stocks are on the way to potentially joining the Nasdaq-100 Index (NDX), one of the world's most widely followed equity benchmarks. Last week, the Nasdaq Next Generation 100 Index, which serves as the...
Hawaii Casino Resistance Immediately Builds After DHHL Floats Idea
Just days after the Department of Hawaiian Homelands (DHHL) floated the idea of a casino in the city of Kapolei, some state politicians are calling the plan a bad idea. Facing a strained cash situation owing to the coronavirus pandemic, DHHL is...
Wynn Executive Says Encore Boston Harbor Isn’t on Selling Block
Refuting rumors the property is being shopped, Encore Boston Harbor President Brian Gullbrants told staffers the gaming venue isn't for sale. The executive made the remarks in a Saturday message to employees, saying that reports of Wynn Resorts selling the Bay State...
