4982 stories by Todd Shriber
Blackstone Gobbles Up 10 Percent of Crown Resorts, Melco Sells Stake at Big Loss
Private equity colossus Blackstone (NYSE:BX) continues forging into the gaming business. The company is taking a nearly 10 percent stake in Australia's Crown Resorts, and is getting those shares from Melco Resorts & Entertainment (NASDAQ:MLCO) at a deep discount. The private equity...
San Manuel Again Extends Closure Even as San Bernardino County Coronavrius Death Toll Steadies
San Manuel Casino, one of the giants of Southern California's tribal gaming landscape, is extending its coronavirus-induced closure for a third time. That's even as the fatality toll from the respiratory illness steadies in the gaming property's home county. The San Manuel...
Wynn Resorts Earnings Estimates Are All Over the Place
With the coronavirus outbreak still weighing on the gaming industry, it's not surprising that analysts are divided on how the health crisis is affecting individual operators' financial results. But when it comes to Wynn Resorts (NASDAQ:WYNN), there's nothing close to a consensus....
Melco Resorts Issues Grim Forecast on Coronavirus Impact
Melco Resorts & Entertainment (NASDAQ:MLCO) said the coronavirus pandemic is having a material impact on its operations, the bulk of which are in Asia – one of the regions most hard hit by the respiratory illness. The operator of Altira Macau and...
GAN Eyes May IPO, Could Raise up to $34.5 Million in NASDAQ Listing
Online gaming software provider Gan Ltd. said today its upcoming initial public offering (IPO) will consist of 4.05 million shares priced between $6.50 and $8.50, meaning the company could raise up to $34.5 million in its US listing. It appears as though...
Mohegan Tribal Gaming Misses Debt Payment, Moody’s Sees Elevated Default Risk
Mohegan Tribal Gaming Authority (MTGA), which is owned by the Connecticut Native American band of the same name, had its credit grade downgraded by Moody's Investors Service. That puts it well into speculative territory with a “negative” outlook, as the ratings agency...
Twin River Gets Trio of Steals From Eldorado, Caesars in Recent Casino Buys
Twin River Worldwide Holdings (NYSE:TRWH) may be committing highway robbery. That's apparent in its purchases of the Eldorado Shreveport Resort and Casino in Louisiana, the MontBleu Resort Casino in Lake Tahoe, Nevada from Eldorado Resorts (NASDAQ:ERI) and Bally's Atlantic City from Caesars...
Hard Rock Confident It Will Avoid Greek Tragedy with Favorable Hellenikon Casino Ruling
Hard Rock International, the jilted party in a competition with Mohegan Gaming & Entertainment (MGE) to open an integrated resort at the site of the old Hellenikon International Airport, believes a Greek appeals court will see things its way and award it...
GVC Credit Rating Slips Further Into Junk Territory as Coronavirus Uncertainty Grips Sportsbooks
GVC Holdings Plc's (GVC) credit grade was lowered one notch to “BB” from “BB+” with a “negative” outlook by Fitch Ratings. That takes the mark further into non-investment grade status, as uncertainty created by the coronavirus pandemic takes hold in the sports...
DraftKings Soars in NASDAQ Debut, Closes Below Opening Print as Investors See Long Road to Profitability
DraftKings (NASDAQ:DKNG) jumped 10.38 percent in its first day as a public company on Friday. But the newly minted stock closed below its opening print, as some investors ponder how long it'll take for the sportsbook operator to turn a profit. On...
