5138 stories by Todd Shriber
A Win Wynn: Pair of Bullish Views Has Gaming Stock Soaring in 2020
Wynn Resorts, Ltd. (NASDAQ:WYNN) is off to a stellar start in 2020, with gains of eight percent to start the new year, more than quadruple the returns posted by the S&P 500. The gaming stock's ascent has been fueled by a pair...
Congress Gets Back in the Game: Revives Gaming Caucus
Rep. Guy Reschenthaler (R-PA) and Rep. Bennie Thompson (D-MS) are reviving the Congressional Gaming Caucus, a bipartisan group of lawmakers. Some come from districts across the US that have exposure to the industry and some are from areas with little or no...
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...
