4507 stories by Todd Shriber
Penn Entertainment Sentiment Might Not Get Much Worse
While casino stocks, including those of some regional operators, are performing admirably in 2023, the opposite is true of Penn Entertainment (NASDAQ: PENN). Shares of the largest regional casino operator are down 11.78% year-to-date, while rivals including Boyd Gaming (NYSE: BYD) and...
EDGE Markets Close to Offering Sports Betting Loan Product
EDGE Markets is readying a buy now, pay later (BNPL) product, with interest-free loans for sports bettors. Some gaming industry veterans aren’t pleased with the idea. The California-based company is hoping to have EDGE Boost, which features a virtual Visa debit card,...
MGM Highest Ranked Gaming Firm on Forbes 2000 List
MGM Resorts International (NYSE: MGM) is the highest ranked gaming company on the newly published Forbes Global 2000 list. The Bellagio operator placed 596th on the rankings, ahead of venerable firms from other industries such as Colgate-Palmolive, Blackstone -- the owner of...
DraftKings, Genius Sports Seen as North Carolina Sports Betting Winners
To the delight of the sports wagering industry and some in the investment community, North Carolina’s General Assembly passed mobile sports betting legislation on Wednesday. Gov. Roy Cooper (D) will sign the bill into law, and it’s expected online sports betting will...
SciPlay Board Forms Committee to Evaluate Light & Wonder Takeover Bid
SciPlay (NASDAQ: SCPL) announced Thursday that its board of directors has formed a special committee to consider Light & Wonder’s (NASDAQ: LNW) recently revealed offer. The bid seeks to acquire the 17% of the social casino developer it doesn’t already own. Last...
Playtika Rallies on Rumored Interest of Private Equity Firms
Shares of mobile games developer Playtika (NASDAQ: PLTK) surged Thursday. That's following a report indicating at least two private equity firms are considering a takeover of the gaming company. Dealreporter reported Thursday that Advent International and CVC Capital Partners are kicking the...
IGT to Explore Alternatives for Global Gaming, PlayDigital Units, Shares Soar
International Game Technology (NYSE: IGT) was one of Thursday’s best-performing gaming equities after the slot machine manufacturer said it will explore strategic alternatives for its global gaming and PlayDigital units. Those options could include sales, mergers, or spin-offs of the businesses, or...
Golden Nugget Could Be Savior of Danville Pensions
Illinois is ground zero for the ticking time bomb that is this country's state-level public pension system. But Danville is hoping the new Golden Nugget will help the city avert a retirement plan crisis. A temporary version of the Golden Nugget Danville...
Kenny Alexander Led Group Takes Stake in 888 Holdings
FS Gaming Investments, an investment group led by former GVC CEO Kenny Alexander, revealed Tuesday it has taken a 6.57% stake in William Hill parent 888 Holdings. It’s the first move of note by Alexander since his surprise 2020 departure from GVC,...
MGM Stock Chart Signals Possible Near-Term Upside
Shares of MGM Resorts International (NYSE: MGM) are lower by 5% over the past month, but higher by the same amount over the past week. Technical analysis of the casino operator’s stock indicates more near-term upside could be afoot. While shares of...
