5139 stories by Todd Shriber
Caesars in Jeopardy of Losing License for Unfinished South Korea Integrated Resort
Caesars Entertainment is on the clock to complete its Midan City integrated resort project on Yeonjong Island in South Korea, or risk losing its license. Construction on the $700 million Caesars Korea project has been halted since February 2020 because of the...
Texas’s Tidy Finances Could Weigh on Casino Efforts
In the domestic casino industry, Texas is the golden goose. For operators yearning to develop gaming properties in the Lone Star State, problematic is the state's sturdy fiscal position. Like so many states, Texas is facing some budgetary issues stemming from the...
Century Casinos Lengthens Closure of Poland Properties Through January 31
Less than three weeks after announcing another temporary closure of its Poland gaming venues, Century Casinos said those properties will remain closed through Jan. 31. Late last month, the Colorado-based gaming company said it was shuttering its casinos in Poland to comply...
Affinity Gaming Merging with New SPAC, Seeks More Casino, Leisure Deals
Affinity Gaming, the owner of the Silver Sevens Casino in Las Vegas, is merging with a newly formed special purpose acquisition company (SPAC). It plans to pursue addition consolidation opportunities following that marriage. In a Form S-1 filing with the Securities and...
Minnesota Sports Betting Bills Coming Next Week, Odds of Passage Appear Long
Minnesota lawmakers from both sides of the aisle are readying sports wagering legislation that could be introduced as soon as next week. Despite the bipartisan push, it's going to take some work to pass a comprehensive bill. State Rep. Pat Garofalo (R-Farmington)...
Melco Resorts Debt Could Swell to $7 Billion Warns Moody’s
Melco Resorts & Entertainment (NASDAQ:MLCO) could see its debt burden balloon over the next 12 to 18 months. That's as the pace of recovery in the world's largest casino center remains lethargic. The company is one of the six concessionaires in the...
Playtika Soars After IPO Priced Above Expected Range
Mobile gaming company Playtika (NASDAQ:PLTK) is surging in its first day of trading after its initial public offering (IPO) was priced well above estimates. In a Form S-1 filing last week with the Securities and Exchange Commission (SEC), the Israeli company said...
Fertitta Eyeing Another SPAC Deal to Bring Golden Nugget, Landry’s Restaurants Public
Tilman Fertitta is reportedly in discussions with Fast Acquisition Corp. (NYSE:FST) on a merger that would provide an avenue for the billionaire to bring his Golden Nugget casinos and Landry's restaurants operations public. Shares of Fast, a special purpose acquisition company (SPAC),...
Penn National Analysts Divided on Fate of Hot Gaming Stock
Broadly speaking, Wall Street analysts are bullish on Penn National Gaming (NASDAQ:PENN). But that view isn't universal, with plenty of sell-side debate on the name emerging today. At least three analysts chimed in on the regional gaming stock on Thursday. Views ranged...
Las Vegas Sands to Continue Prioritizing Asia Following Adelson’s Death, Says Research Firm
Las Vegas Sands (NYSE:LVS) will keep its operational focus honed on the Asia-Pacific region following the death of Chairman Sheldon Adelson, say analysts. The casino mogul passed away Tuesday of complications from non-Hodkinson’s lymphoma. He was 87. Adelson was widely credited with...
