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Todd Shriber
5656 stories by Todd Shriber
Everi Could Join Club of Gaming Companies Asking Lenders for Debt Covenant Relief
Everi Holdings (NYSE:EVRI) is reportedly joining a growing list of gaming companies in asking lenders to amend debt covenant ratio agreements in an effort to gain some financial wiggle room amid a zero- revenue outlook...
Everi Holdings Stung by Fitch Downgrade, Outlook Negative with Forecast of Increasing Leverage
Shares of gaming technology provider Everi Holdings (NYSE:EVRI) slumped Monday a few days after Fitch Ratings pared its credit mark on the company further into junk territory. Las Vegas-based Everi rallied more than 53 percent...
GAN Going with NASDAQ Listing Before April End, Looking to Raise $35 million
GAN, the gaming technology company formerly known as Game Account Network, is forging ahead with plans to list its shares on the NASDAQ stock exchange. It hopes to raise $35 million in the process in...
Massachusetts Gaming Commission Gives Gamblers More Time to Collect Winnings, Citing Coronavirus Closures
The Massachusetts Gaming Commission (MGC) is giving gamblers more time to collect winnings, allotting for the temporary closures of the state's three casinos because of the coronavirus outbreak. At its Thursday meeting, the MGC voted...
Wynn Macau Still Bleeding Cash, Forecasts Massive Q1 EBITDA Decline
Wynn Macau continues losing money, although casinos in the world's largest gaming center are open for business. The company expects the cash burn will continue as long as protocols implemented as a result of the...
Boyd Furloughing Most Staff on April 11, Execs Taking Pay Cuts as Company Grapples With Coronavirus Closures
Boyd Gaming (NYSE:BYD) will furlough most of its workforce starting Saturday, April 11, as the Sam's Town operator looks to cut costs. All of its gaming venues remain shuttered because of the coronavirus outbreak. Like...
Colorado Sports Betting Market Has Second-Best in West Potential, Could Reach $6 Billion
Colorado's sports betting market could be one of the most lucrative in the Western US, assuming there are events for gamblers to bet on May 1 when sports wagering will officially be permitted in the...
Red Rock Resorts Execs Frank, Lorenzo Fertitta Drop 2020 Salaries for Duration of COVID-19 Pandemic
As long as the coronavirus continues rattling the gaming industry, Red Rock Resorts (NASDAQ:RRR) leaders Frank and Lorenzo Fertitta will not take salaries. The parent company of Station Casinos made the announcement on Monday, saying...
Caesars, MGM Could Put the Hurt on Short Sellers if Bulls Seize Control of Market
Broadly speaking, shorting stocks is a winning strategy to this point in 2020, and nowhere is that more true than the travel and leisure industry, a group beset by savage declines at the hands of...
Macau Operators Need Daily Revenue of $38 Million to Break Even This Year, According to Analysts
Macau's six concessionaires can likely break even on an earnings before interest, taxes, depreciation and amortization (EBITDA) basis this year with $38.18 million in daily revenue. But getting to cash flow breakeven will be trickier,...
