4982 stories by Todd Shriber
MGM Analysts Cheer Latest Asset Sales, Some Forecast Cash For Japan, More Real Estate Moves
On Tuesday, MGM Resorts International (NYSE:MGM) announced the sales of Mandalay Bay and MGM Grand for $4.6 billion, moves that are being cheered by analysts that see cash being freed up to reduce debt and pursue Japan aspirations. A partnership consisting of...
Vici Properties Close to Selling Iconic Caesars-Operated Harrah’s Reno, Will Become Non-Gaming Venue
UPDATE: Jan. 15, 2020: After the close of US markets Wednesday, Caesars Entertainment and Vici Properties confirmed the sale of Harrah's Reno to CAI Investments for $50 million. The deal is expected to close in the second half of this year. ___________________________________________________________________________________________________________________________...
DraftKings Will Help Daily Fantasy Players Fill Football Void With XFL Product
Super Bowl LIV is scheduled for Feb. 2, and in most years, the premier contest marks the end of competitive football until August, when the NFL's exhibition season and a small sampling of college games kick off. But 2020 will be different,...
Twin River Execs Skirt Most of Chatham Asset Stock Suit – But Board, Top Lawyer Still Face Partial Challenge
High-ranking executives at Twin River Worldwide Holdings, Inc. (NYSE:TRWH) are in the clear in a lawsuit brought against the company by Chatham Asset Management, LLC. But the board of directors and general counsel Craig Eaton must face part of the hedge fund's...
MGM Resorts Selling Mandalay Bay, Grand to Blackstone, MGP For $4.6 Billion, Will Leaseback Strip Venues
MGM Resorts International (NYSE:MGM) is selling the MGM Grand and Mandalay Bay on the Las Vegas Strip to a joint venture controlled by MGM Growth Properties (NYSE:MGP) and Blackstone Real Estate Income Trust (BREIT) for $4.6 billion, the gaming operator said Tuesday....
Activist Investor Litt Calls Gaming and Leisure Properties Meeting “Productive,” Sees Big Upside Potential
In a tweet Monday, Land & Buildings Investment Management founder and Chief Investment Officer (CIO) Jonathan Litt dubbed a meeting held last week with Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) “productive,” and appears enthusiastic about management's approach to creating value at the...
Wilton Rancheria Elk Grove Casino Project Delayed Until 2021
Wilton Rancheria's plan to open the first tribal gaming property in Sacramento County, Calif. will have to a wait awhile longer than previously hoped because of plans to redesign some parts of the venue. Last year, the tribe said it was targeting...
Hard Rock, Mohegan Gaming Await Greece Casino Operator Decision
Hard Rock International and Mohegan Gaming & Entertainment (MGE) are patiently waiting on a decision from the Hellenic Gaming Commission (HGC), one that will determine which company will operate an integrated resort at the site of the shuttered Hellenikon International Airport. HGC's...
Eldorado Selling Namesake Shreveport, Louisiana Casino to Maverick Gaming For $230 Million
Eldorado Resorts, Inc. (NASDAQ:ERI) said Monday it's selling its eponymous gaming property in Shreveport, La. to Maverick Gaming LLC for $230 million in cash. The deal to sell the Eldorado Resort and Casino, which is expected to be finalized at some point...
Japan Casino Scandal Turning Off Public: Nearly 71 Percent Want Plans Reviewed
A recent survey by Kyodo News indicates that nearly 71 percent of those polled in Japan believe their government should revisit plans to embrace integrated resorts amid a cloud of bribery that has ensnared several politicians and a Chinese gaming company. The...
