5082 stories by Todd Shriber
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...
Monarch Casino a Best-in-Class Idea Among Regional Gaming Names, Says Analyst
Monarch Casino & Resort (NASDAQ:MCRI) is one of the smallest publicly traded gaming companies by market value – just $496 million – but it has massive upside potential in the eyes of some analysts. The Reno-based company owns just two casinos –...
MGM Note Offering Increased by 50 Percent Amid Strong Appetite for Gaming Paper
MGM Resorts International (NYSE:MGM) priced $750 million worth of senior notes coming due in 2025 on Thursday, a transaction that's slated to close on May 4. Normally, that would be no more than basic corporate news not worthy of closer examination. But...
DraftKings IPO Comes with Potential Governance Baggage
On Thursday, Diamond Eagle Acquisition Corp. (NASDAQ:DEAC) investors overwhelmingly voted in favor of a previously announced reverse merger with DraftKings and SBTech. That sets the stage for the combined entity to take the sportsbook operator's name and become a public company tomorrow,...
Las Vegas Sands Management Confidence Draws Analyst Praise
Las Vegas Sands (NYSE:LVS) reported first-quarter results Wednesday afternoon, and while the numbers were unattractive, they weren't as ugly as Wall Street expected. Moreover, confident tones sounded by executives are resonating with analysts. Shares of the Venetian operator are higher by 11...
