5402 stories by Todd Shriber
Bally’s Chicago IPO Hits SEC Roadblock
Minority-only IPO didn’t close as expected Casino operator plans to try again even as legal challenges linger Bally’s (NYSE: BALY.T) planned $250 million Chicago initial public offering (IPO), reserved exclusively for minority investors, didn't close as expected in February after the Securities...
Penn Entertainment Warns 2026 Could Bring End of ESPN Bet
ESPN Bet could be on borrowed time There’s a three-year out clause in contract between Penn and Disney Penn Entertainment’s (NASDAQ: PENN) ESPN Bet unit could be on the chopping block next year if the online sportsbook doesn’t garner more momentum between...
FTC Close to Dropping MGM Cyberattack Investigation
FTC no longer pursuing civil investigative demand Could mark end of case brought against MGM in January 2024 The Federal Trade Commission could be close to dropping its case against MGM Resorts International, which stems from a 2023 cyber intrusion carried out...
Jackpocket Texas Could Be Modest Hit to DraftKings Revenue
Texas controversies lead to the banning of lottery couriers DraftKings’ Jackpocket is one of the largest names in the space Following a pair of controversies involving lottery couriers in Texas, the state banned that form of purchasing lottery scratchers and tickets. The...
Golden Entertainment to Be Selective on Acquisitions
Strat operator says it will be choosy when it comes to deal-making Could examine opportunities in Nevada and beyond Golden Entertainment (NASDAQ: GDEN) is open to mergers and acquisitions, but executives said the casino operator will be judicious on that front. On...
Star Entertainment Halts Trading, Stoking Fears Collapse is Near
Casino operator halted trading of its stock in Sydney Gaming company won’t deliver half-year results as scheduled Shares of Star Entertainment were halted in Friday trading in Sydney, sparking fears that the ailing casino operator won't deliver its half-year results as scheduled...
Melco Mulling Alternatives for Manila Casino Hotel
Melco hired investment banks to examine alternatives for City of Dreams Manila Operator did not say a sale of the casino resort is in the cards Melco Resorts & Entertainment (NASDAQ: MLCO) announced today that it hired a pair of investment banks...
Wynn Says Dialogue with Fertitta to Continue
Comments arrive as investor has opportunity to increase stake Fertitta is already the largest individual shareholder in Wynn Wynn Resorts (NASDAQ: WYNN) said its relationship with Tilman Fertitta, the company’s largest individual shareholder, is strong and that it’s open to continuing discussions...
Caesars Could Sell More Assets in Bid to Further Pare Debt
Caesars still considering noncore asset sales Deals could be harder to come by this year Caesars Entertainment (NASDAQ: CZR) indicated it remains open to selling noncore assets, including casinos, as it continues debt-reduction efforts, but warned transactions could be harder to come...
Virgin Las Vegas Rolls Out New Rewards Program
Virgin Las Vegas announces new customer rewards program Cherry Rewards scheduled to debut in March Virgin Hotels Las Vegas announced the debut of its new casino and hotel loyalty platform, Cherry Rewards. That program is expected to launch in March. The move...
