5081 stories by Todd Shriber
DraftKings Lands Junk Credit Rating from Fitch
Fitch’s first rating on DraftKings is one level into the junk tier Rating comes after company said it’s trying to land a $500M term loan DraftKings’ (NASDAQ: DKNG) first report card from Fitch Ratings is in, with the ratings agency applying a...
Queens Casino Plan Lands Important Zoning Changes
Zoning changes needed to advance Queens casino effort City Planning Commission vote was nearly unanimous Metropolitan Park, the $8 billion proposal by New York Mets owner Steve Cohen to bring a casino hotel and other amenities to the area near Citi Field,...
Sands China Nears First Dividend Since COVID Pandemic
Sands China could unveil first dividend in five years Announcement could come as soon as Friday Las Vegas Sands’ (NYSE: LVS) Sands China unit could soon announce its first cash dividend since the onset of the coronavirus pandemic five years ago. In...
$GREED is Good for David Portnoy, Not for Other Crypto Investors
David Portnoy launched a memecoin that quickly plunged One trader is said to have lost $100K on $GREED Barstool Sports founder David Portnoy is at the center of a memecoin controversy in which he profited mightily while ordinary investors were left holding...
Churchill Downs Announces Major Expansion at Iconic Track
Operator will enhance site of the Kentucky Derby Company expects to spend $350 million to $400 million in 2025 Churchill Downs (NASDAQ: CHDN) said today it’s embarking upon a multi-year expansion of its namesake racetrack aimed at bringing more fans to the...
Wynn UAE Casino Garnering Appreciation on Wall Street
Analysts bullish on Wynn UAE casino Venue will be first gaming property in the Arab world Wynn Resorts’s (NASDAQ: WYNN) United Arab Emirates (UAE) casino resort is steadily commanding more praise among sell-side analysts, indicating it could be time for investors to...
DraftKings Best Play on US Online Gaming Market Says Chad Beynon
DraftKings top domestic large-cap internet gaming stock, says Macquarie Favorable demographics, cash flow support bull case Even with Tuesday’s pullback, DraftKings (NASDAQ: DKNG) stock is on a scintillating run, having surged 29.41% over the past month. At least one analyst believes the...
Light & Wonder Paying $850 Million for Charitable Gaming Assets
Light & Wonder Paying $850 million for charitable gaming business Acquired company is profitable, deal expected to close in second quarter Light & Wonder (NASDAQ: LNW) said it’s paying $850 million in cash for the charitable gaming assets of Grover Gaming, Inc....
Sands Procures $9 Billion Loan for Singapore Casino Hotel Expansion
LVS said to have landed $9 billion for Singapore improvements It’s believed to be the biggest corporate loan in the country’s history Las Vegas Sands (NYSE: LVS) has reportedly landed a $9 billion loan for expansion plans at Marina Bay Sands (MBS)...
Bain Capital Takes Over Inspire Casino Resort in South Korea
Private equity firm now controls Korean casino hotel MGE Korea was close to default on the venue Private equity firm Bain Capital assumed control of the Inspire Korea casino hotel from Mohegan Gaming & Entertainment (MGE) -- a move recently forecast by...
