5082 stories by Todd Shriber
Caesars Moves Toward Monetizing Brand, Rewards Program in Southern Indiana Sale
Last week, Caesars Entertainment (NASDAQ:CZR) said it's selling Caesars Southern Indiana to the Eastern Band of Cherokee Indians (EBCI) for $250 million. It's a move that sets the stage for the operator to derive added financial benefit from its most iconic brand...
Century Closing Poland Casinos for Three Weeks Following Coronavirus Restrictions
Century Casinos (NASDAQ:CNTY) is temporarily shuttering its eight gaming properties in Poland. That's because of new quarantine protocols mandated by the government there to stem the spread of the coronavirus. The shutdowns go into effect today at 11:59 p.m local time and...
William Hill Enters Colombia with Alfabet Purchase
Sportsbook operator William Hill (OTC:WIMHY) is broadening its horizons in Latin America by purchasing a majority position in Colombian gaming firm Alfabet S.A.S. Financial terms of the deal weren't disclosed, nor was the size of the British bookmaker's stake in the South...
Caesars, Wynn Resorts Among Barron’s Picks for 2021 Travel Rebound
The travel and leisure industry was bludgeoned by the coronavirus pandemic this year. But some of the related equities are in the midst of multi-month rallies, with gaming stocks leading the way. Some market observers are wagering gaming stocks, which are already...
Wynn Resorts Stock Primed for Early 2021 Short-Covering Rally
Wynn Resorts (NASDAQ:WYNN) has more than tripled off its March lows. While WYNN stock is higher by 62.23 percent in the fourth quarter, it could deliver more gains early next year, as short sellers cover trades in the gaming name. Owing to...
DraftKings, Skillz SPAC Founders Planning $1.5 Billion IPO for Spinning Eagle Acquisition
Jeff Sagansky, the Hollywood executive behind two of this year's biggest blank-check deals in the gaming industry, revealed plans for another special purpose acquisition company (SPAC) initial public offering (IPO). In a Form S-1 filing with the Securities and Exchange Commission (SEC)...
Kapolei Casino Proposal Narrowly Wins Hawaiian Homes Commission Approval
An effort by the Department of Hawaiian Home Lands (DHHL) to bring an integrated resort to the city of Kapolei on the island of Oahu scored its first victory Tuesday. It eked out a win before the Hawaiian Homes Commission (HHC). By...
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...
