5139 stories by Todd Shriber
Save the Date: Landcadia Investors Vote on Golden Nugget Online Deal Dec. 18
It's been a long road. But investors in Landcadia Holdings II, Inc. (NASDAQ:LCA), a special purpose acquisition company (SPAC) co-owned by Tilman Fertitta and investment bank Jefferies, will finally get a chance to vote on a proposed merger with Fertitta's Golden Nugget...
MGM Hauls In $700 Million Following Second Redemption of MGP Units
MGM Resorts International (NYSE:MGM) raised $700 million in the second sale of units in gaming real estate investment trust (REIT) MGM Growth Properties (NYSE:MGP). The Mandalay Bay operator made the announcement after the close of US markets Wednesday, noting it plans to...
Monarch Casino Bets on Black Hawk After Colorado Scraps Table Bet Limits
Monarch Casino & Resort (NASDAQ:MCRI) believes a recent vote in Colorado to eliminate table game wager limits is beneficial to the operator's long-term prospects in the state. On Election Day, Centennial State voters approved Amendment 77, which set the stage for the...
Los Angeles Card Room Closures Putting Communities on Financial Brink
Following another wave of coronavirus cases in Los Angeles, local card rooms shuttered a second time last week, bringing more financial strain to the towns in which those venues operate. On Tuesday, Los Angeles County reported 7,593 new coronavirus cases. This easily...
FanDuel, Private Equity Backers Want Scottish Law Used in Suit, But Judge Unsure
FanDuel and private equity shops KKR and Shamrock Capital are asking New York Supreme Court Justice Andrea Masley to apply Scottish law in a suit brought by founders Nigel and Lesley Eccles and Thomas Griffiths. But the judge is indicating the defendants...
Caesars Says Bye-Bye to Belle of Baton Rouge, Property Reeg Once Wouldn’t Stay At
Caesars Entertainment (NASDAQ:CZR) continues divesting assets, with the company saying today it's selling the Belle of Baton Rouge riverboat casino to CQ Holding Company, also known by the Casino Queen brand. Financial terms of the deal weren't disclosed. Caesars owns the operating...
Caesars, Monarch Price Targets Hiked, Analyst Sees Investors Looking Past Coronavirus Headwinds
Caesars Entertainment (NASDAQ:CZR) and Monarch Casino & Resort (NASDAQ:MCRI) are among the gaming equities favored by Truist Securities analyst Barry Jonas. That's even as regional casinos encounter near-term hurdles because of a recent surge in coronavirus case counts. Over the course of...
Colorado Sports Wagering Handle, Tax Receipts Notch Records in October
For the sixth consecutive month, Colorado's sports betting handle hit all-time highs in October, and tax revenue finally went along for the ride. In the tenth month of 2020, the total amount wagered on sports online and at the Centennial State's retail...
DraftKings Is Royal Idea as Canada Embraces Conventional Sports Wagering
DraftKings (NASDAQ:DKNG) is a gaming equity for investors to consider, as Canadian policymakers mull legislation that will allow betting on individual sporting events, according to one analyst. On Monday, Credit Suisse analyst Benjamin Chaiken highlighted the stock as a play based on...
Cubs Owner Ricketts, DraftKings Investor Raine Group Starting SPAC Targeting Sports Deals
Chicago Cubs owner Tom Ricketts and venture capital firm Raine Group are creating a special purpose acquisition company (SPAC) that will focus on transactions across the sports universe, including betting opportunities. In an S-1 filing with the Securities and Exchange Commission (SEC),...
