4982 stories by Todd Shriber
Twin River Bally’s Transformation Finalizes Nov. 9, Adds FanDuel Sportsbook in Atlantic City
Twin River Worldwide Holdings (NYSE:TRWH) said Wednesday its move to becoming Bally's Corp. will be completed on Nov. 9, and its stock, which will continue trading on the New York Stock Exchange, will take on the ticker “BALY.” Earlier this month, the...
Sands Could Call on Gaming REITs in Possible Disposal of Vegas Assets
One brokerage firm is speculating that Las Vegas Sands (NYSE:LVS) could ultimately partner with a gaming real estate investment trust (REIT) in disposing of its Nevada assets. That means the operator wouldn't end up leaving its home city. Earlier this week, the...
Red Rock Making Margin Moves, Analyst Sees Strength in Vegas Locals Segment
Red Rock Resorts (NASDAQ:RRR) posted better-than-expected third-quarter results. The company said it earned 56 cents a share on revenue of $353.2 million with the help of improving margins and resilience in its key Las Vegas locals (LVL) demographic. Wall Street was expecting...
Wynn Macau Has Robust Liquidity, But Shouldn’t Rush to Restart Dividend, Says Research Firm
Owing to cost reduction efforts and capital raises, Wynn Macau Ltd.'s financial position is sound. But a research firm cautions against the rapid resumption of a dividend program that was halted in March. The operator faces financial challenges this year before a...
Boyd Gaming Earnings Beat, Margins Earn Analyst Praise, But Stock Falters
Boyd Gaming (NYSE:BYD) delivered better-than-expected third-quarter results late Monday, enough to draw applause from some sell-side analysts. But shares of the regional gaming company swooned Tuesday, as investors fret about rising coronavirus case counts across the US. The operator of The Orleans...
Genius Sports Merging with SPAC dMY Technology in $1.5 Billion Deal
Sports betting data provider Genius Sports said today it will merge with special purpose acquisition company (SPAC) dMY Technology Group, Inc. II (NYSE:DMYD). It's a transaction that values the analytics firm at $1.5 billion and will pave the way for it to...
Sands Las Vegas Departure Speculation Stirs Differing Views Among Analysts
Late Monday, Las Vegas Sands (NYSE:LVS) rocked the gaming world, confirming it's in early stage talks that could result in the company selling its Nevada assets for $6 billion. A day later, Wall Street is divided over whether or not the operator...
Leaving Las Vegas: Sands May Do Just That as Rumors Swirl on Fate of Venetian, Palazzo
Shares of Las Vegas Sands (NYSE:LVS) jumped during Monday's after-hours session following a report that the company is mulling a sale of its Sin City operations in a transaction that could fetch up to $6 billion. Bloomberg originally reported the chatter earlier...
Crown Resorts Debt Outlook Lowered to ‘Negative’ as Regulatory Issues Mount
Australian gaming company Crown Resorts is facing increasing regulatory scrutiny stemming from a money-laundering scandal. Credit agencies are taking note, with Fitch Ratings lowering its outlook on the gaming company's issuer default rating (IDR) to “negative” from “stable." Last week, Crown chair...
Caesars Stock Has Ample Post-Election Potential if Voters Cooperate
Voters in several states will mull various gaming-related propositions on Election Day. Few publicly traded operators match Caesars Entertainment's (NASDAQ:CZR) potential for post-electoral equity market moves. Six states -- Colorado, Louisiana, Maryland, Nebraska, South Dakota, and Virginia -- are putting betting issues...
