5082 stories by Todd Shriber
Penn National Gaming Hits Markets in $500 Million Capital Raise, Selling Stock, Convertible Notes
Shares of Penn National Gaming (NASDAQ:PENN) slid early Monday after the regional gaming company said it's raising $500 million via sales of convertible notes and common stock. The company said it's selling $250 million worth of common stock, a move that dilutes...
Boyd Gaming Seen as Regional Winner When Coronavirus Smoke Clears
Down almost 40 percent this year, Boyd Gaming (NYSE:BYD) stock is showing its sensitivity to the coronavirus closures plaguing the casino business. But Wall Street isn't ready to throw in the towel on the Orleans operator just yet. Up 15.40 percent over...
Bucks Antetokounmpo Seeks ‘Greek Freak’ Trademark, Possibly for Online Gaming Site
Reigning NBA MVP Giannis Antetokounmpo of the Milwaukee Bucks is looking to trademark “Greek Freak” – the moniker fans and media use to reference his athletic ability and birth country – for potential use with an online gaming entity. Antetokounmpo has five...
Flutter Entertainment Earns Junk Mark From Moody’s in First Post-Merger Rating
Moody's Investors Service assigned a Ba1 credit rating with a “stable” outlook to Flutter Entertainment, the research firm's first grade on the company following its $12.2 billion merger with The Stars Group (TSG). That deal, which was wrapped up earlier this week,...
Colorado Sports Betting Could Cost State Money This Year
On May 1, Colorado joined the legal sports wagering party, becoming the 18th state to do so. But state officials are already speculating that revenue generated from the activity will fall well short of expectations this year, providing little help to the...
Penn National Gets Big Barstool Bounce, Investors Gloss Over Q1 Loss, Embrace Emerging Online Benefits
Shares of Penn National Gaming (NASDQ:PENN) are higher by nearly 11 percent in late trading after the company revealed it plans to launch its Barstool Sports mobile application in the third quarter. That news is the latest underscoring Penn's metamorphosis to a...
Wynn Stock Could Be a Winner as Macau VIPs Return, Las Vegas Bounces Back
Shares of Wynn Resorts (NASDAQ:WYNN) are trading slightly lower Thursday, a day after the company reported a wider-than-expected first-quarter loss. But citing the possibilities of a near-term rebound in Macau, analysts remain enthusiastic on the name. In the first three months of...
Wynn Q1 Loss Wider Than Estimates, Revenue Tops Forecasts, Dividend ‘Temporarily’ Suspended
Hamstrung by closures stemming from the global coronavirus pandemic, Wynn Resorts (NASDAQ:WYNN) reported a first-quarter loss of $3.77 a share, as revenue plunged 42.3 percent to $953.7 million. Analysts expected the Encore operator to lose $1.65 per share, but the top line...
Remark Holdings Bursts Onto Penny Stock Scene Amid Wynn Deal Rumors
Remark Holdings, Inc. (NASDAQ:MARK), a small Las Vegas company perhaps best known for owning the Bikini.com web site, is soaring Wednesday. That's amid social media-fueled rumors that the firm will sell thermal scanners for COVID-19 detection to Wynn Resorts (NASDAQ:WYNN). As of...
Louisiana State Senators, Searching for Revenue, Easily Push Sports Betting Bills Through Committee
Two essentially identical sports betting bills proposed by a pair Republican state senators in Louisiana easily passed through the chamber's Judiciary Committee Tuesday, potentially setting the stage for voters there to have a say on the matter in November. Senate Bill 378,...
