4982 stories by Todd Shriber
MGM Selling $500 Million in Debt, Joins Parade of Gaming Capital Raises
MGM Resorts International (NYSE:MGM) is selling $500 million in senior notes coming due in 2028, the operator said today. They join a growing list of gaming companies heading to capital markets to raise cash. The Bellagio operator said it intends to use...
Las Vegas Sands, Other US Operators Likely Win Macau Renewals, Say Analysts
Lingering hostilities between the US and China, the world's two largest economies, probably won't result in American operators losing rights to run casinos in Macau, according to Bernstein analysts. There are six concessionaires operating in the world's largest gaming center, three of...
DraftKings Slips After Pricing Share Sale at Steep Discount to Recent Close
DraftKings (NASDAQ:DKNG) stock is sliding today. The sportsbook operator said it priced its secondary offering at $52 a share, an 8.4 percent discount to Tuesday's close of $56.48. The daily fantasy sports (DFS) company shed more than 15 percent from its recent...
Caesars Lands Another $100 Target as Analyst Says ‘Little Credit’ Assigned to Sports Betting Unit
Caesars Entertainment (NASDAQ: CZR) is making waves in the gaming industry as it pushes forward with a $3.69 billion takeover attempt of William Hill (OTC:WIMHY). One analyst sees significant upside ahead for the Flamingo operator. In a note to clients Monday, Union...
IG Acquisition, Latest SPAC with Possible Gaming Desires, Raises $300 Million in IPO
IG Acquisition Corp. (NASDAQ:IGACU) recently raised $300 million in an initial public offering (IPO). The special purpose acquisition company (SPAC) was founded by former high-level gaming industry executives and a venture capitalist, Bradley Tusk. That IPO could increase to $375 million if...
Twin River Forecasts Q3 Revenue up to $130 Million, Sells $125 Million in Debt
Regional gaming company Twin River Worldwide Holdings (NYSE:TRWH) delivered an early look at its third-quarter results today. It expects earnings before interest, taxes, depreciation and amortization (EBITDA) of $30 million to $40 million on revenue of $100 million to $130 million. At...
Macau October Visitation Trending Lower, Analyst Calls Golden Week Start ‘Disappointing’
Macau tourist traffic is likely to falter again this month because of a rough start to the highly anticipated Golden Week festival, among other factors. In a note to clients today, Roth Capital analyst David Bain said the world's largest gaming center...
GAN Stock Soars on 10-Year Michigan Deal with Wynn Resorts
GAN Ltd. (NASDAQ:GAN) stock is higher by more than 13 percent in midday trading, making it one of the best-performing names in the gaming space to start the week. The rise came after the company said it struck a 10-year pact with...
DraftKings Announces Massive Secondary Offering, Forecasts Q3 Revenue up to $133 Million
DraftKings (NASDAQ:DKNG) stock is tumbling Monday after the daily fantasy sports (DFS) provider said it's selling 32 million shares of equity to raise capital, and that it expects third-quarter revenue of $131 million to $133 million. The company said sales increased 97...
Mountain Crest SPAC Buying Playboy for $381 Million, Gaming Deals in Play
Mountain Crest Acquisition Corp. (NASDAQ:MCAC) is paying $381 million to acquire Playboy Enterprises. It's a move that will return the venerable men's media property to public markets, and could result in future acquisitions of gaming companies. Under the terms of the deal,...
