4982 stories by Todd Shriber
IAC Chairman Barry Diller, CEO Joey Levin Join MGM Board of Directors
IAC/InterActiveCorp (NASDAQ:IAC) Chairman Barry Diller and CEO Joey Levin are taking two seats on the MGM board of directors, expanding that lineup from 12 to 14. The appointment stems from a $1 billion investment in MGM Resorts International (NYSE:MGM) announced on Aug....
GAN Reveals Penn Interactive as New Client, Stock Soars Again
GAN Ltd. (NASDAQ:GAN), the maker of cloud computing software for the gaming industry, is soaring again Thursday after the British company said Penn National Gaming's (NASDAQ:PENN) Penn Interactive unit is a new client. Penn's mychoice social casino app will be powered by...
Burry, Inspiration for ‘Big Short’, Adds to Wynn Resorts Investment
Scion Asset Management, the hedge fund run by Michael Burry, added to its investment in Wynn Resorts (NASDAQ:WYNN) during the second quarter. The investment vehicle, which had $315.2 million in assets under management as of June 30, revealed a significantly larger stake...
IGT Gets Boyd Bounce on Enhanced Sportsbook Deal with Gaming Company
International Game Technology (NYSE:IGT) rallied in Wednesday's after-hours trading session on news of an expanded sportsbook relationship with Boyd Gaming (NYSE:BYD). Shares of the UK-based gaming technology company were up more than four percent at one point during the after-market session before...
Penn National Stock Drops with Portnoy COVID-19 Speculation
Penn National Stock shares slid Wednesday after BarStool's David Portnoy posted a video speculating that he might have coronavirus, underscoring just how intimately correlated the fortunes of Penn National Gaming (NASDAQ:PENN) stock is to the success of the company's relationship with Barstool...
Wynn Macau Says WeChat Ban Could Have Adverse Impact, Trims Daily Operating Costs to $2 Million
In a filing with the Hong Kong Stock Exchange, Wynn Macau tells investors increasing geopolitical tensions between the US and China, including the Trump Administration's recent ban of the popular Chinese messaging app WeChat, could hamper the gaming company's business. The operator...
Penn National Going Gangbusters as Another Analyst Waxes Bullish
In what's been recently been a regular occurrence, Penn National Gaming (NASDAQ:PENN) is soaring Tuesday with the help of bullish commentary from a sell-side analyst. Today, Truist analyst Barry Jonas is stepping up in support of the regional gaming operator. He is...
William Hill Should Be Viewed as Growth Stock, Says Jefferies Analyst
William Hill (OTC:WIMHY) is trading higher by more than 10 percent Tuesday after Jefferies analyst James Wheatcroft lifted his price target on the British bookmaker's London-listed shares to 330 pence from 305 pence. The price is more than double where the stock...
Boyd Gaming Eldorado Casino Will Remain Shuttered Through June 2021
Boyd Gaming's Eldorado Casino in Henderson, Nev. will remain closed through June 2021, after the company requested a non-operational license from the city council. Boyd operates 29 casinos in 10 states, including a dozen in Las Vegas. Between May 20 and July...
Macau Operators Eyeing Imminent Break-Even as China Travel Controls Loosen
Break-even, on earnings before interest, taxes, depreciation and amortization (EBITDA) basis, is beckoning for Macau's six concessionaires. That's as China resumes issuing tourist visas for entry into the world's largest casino center. In a new research report, Bernstein says Macau operators could...
