5082 stories by Todd Shriber
Macau Operator EBITDA Could Return to 2019 Levels in Late 2021
It's possible that Macau's gaming industry returns to profitability metrics seen prior to the coronavirus pandemic earlier than expected, according to a Chinese investment bank. In a recent note, China International Capital Corp (CICC) analysts covered the six concessionaires in the world's...
Jim Murren SPAC Acies Acquisition in Talks to Take MGM-Supported Playstudios Public
Blank-check firm Acies Acquisition Corp. (NASDAQ:ACACU) is proving who you know is always important in business. The special purpose acquisition company (SPAC) created last year by former MGM Resorts International (NYSE:MGM) CEO Jim Murren, Dan Fetters, and Edward King is reportedly in...
Robert Goldstein, Purported Online Sports Betting Backer, Replaces Sheldon Adelson at Las Vegas Sands
Las Vegas Sands (NYSE:LVS) has removed “acting” from Robert Goldstein's titles as chairman and chief executive officer. It makes the longtime executive the company's first permanent leader following the death of Sheldon Adelson earlier this month. Goldstein, 64, took the reins as...
Goldman Upgrade Golden for DraftKings Stock, Shares Soar, Helped by Michigan Forecast
DraftKings (NASDAQ:DKNG) stock is one the best-performing equities Tuesday after Goldman Sachs analyst Stephen Grambling upgraded the name. In late trading, shares of the sportsbook operator are higher by about 6.70 percent after Grambling lifted his rating on the stock to “buy”...
Las Vegas Recovery Trends: Devil in Search Details
Gaming companies and investors looking to assess the rebound trajectory of Las Vegas can glean insight from internet search trends. In a note to clients, Macquarie analyst Chad Beynon points out that near-term “looks and books” aren't encouraging due to COVID-19 protocols....
Genting Malaysia Will Support Resorts World New York If Needed, Says Fitch
Genting Malaysia (GenM) could step in to support its New York unit if that business encounters financial difficulty in the future, according to Fitch Ratings. GenM is the gaming company behind the Resorts World brand. Genting New York LLC (GenNY), the operator...
Caesars Dips Into Daily Fantasy Sports with SuperDraft Stake, Has Option to Own
Caesars Entertainment (NASDAQ:CZR) is making a minority equity investment in daily fantasy sports (DFS) provider SuperDraft, Inc. That could eventually lead to the casino giant owning 100 percent of the privately held firm. Details of the deal, including the exact size of...
Lakeside Inn and Casino in Nevada Auctioning Slots, Gaming Tables
Locals and gaming memorabilia enthusiasts may find some treasure at an upcoming auction featuring assets of the Lakeside Inn and Casino in Stateline, Nev. The 35-year-old casino, located just a mile over the California border, was a beloved destination for locals despite...
Full House Comes Up Aces on Q4 Results Reveal, Colorado Expansion Plans
On what's shaping to be a mostly bleak day for gaming equities, Full House Resorts (NASDAQ:FLL) is one of the positive standouts. That's after delivering a strong preliminary look at its fourth-quarter results. The regional gaming company forecast revenue of $37.8 million...
Bally’s Continues Acquisition Spree, Buys Fantasy Sports Provider Monkey Knife Fight
Bally's Corp. (NYSE:BALY) is extending its acquisitive ways, saying Monday it's buying daily fantasy sports (DFS) company Monkey Knife Fight (MKF). The transaction makes the gaming company the third operator to feature both DFS and sportsbook businesses under one umbrella, joining rivals...
