5215 stories by Todd Shriber
Steve Wynn Scores Victory Against Associated Press in Ongoing Defamation Suit
Steve Wynn, the former patriarch of the gaming entity bearing his surname, notched a win of his own against the Associated Press (AP) Thursday in Nevada Supreme Court. The Silver State high court sided with the former casino developer in a defamation...
Tropicana Vegas Has Plenty of Tire Kickers, Fewer Check Writers, Says Carlino
There's ample interest among potential buyers for the Tropicana Las Vegas. But whether those flirtations result in credible offers for the iconic venue remains to be seen. As it stands today, Gaming and Leisure Properties (NASDAQ:GLPI) owns the property. Penn National Gaming...
Penn National Tops Q3 Estimates, Barstool Sportsbook Extends Pennsylvania Growth
Shares of Penn National Gaming (NASDAQ:PENN) are trading modestly higher Thursday. The regional casino company delivered third-quarter results that soundly topped Wall Street estimates. The operator of gaming venues under the Argosy and Hollywood brands, among others, said it earned 93 cents...
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...
