4509 stories by Todd Shriber
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...
Ailing Horses May Have Run at Churchill Downs, Says Analyst
While there’s no publicly revealed link between the recent 12 equine deaths at Churchill Downs, an analyst believes it’s possible some trainers allowed unhealthy horses to race at the Kentucky track. In a note to clients today, Truist Securities analyst Barry Jonas...
Light & Wonder on Track for $1.4B in EBITDA by 2025 Says CEO
Gaming device manufacturer Light & Wonder (NASDAQ: LNW) is on pace to reach its previously stated goal of generating earnings before interest, taxes, depreciation, and amortization (EBITDA) of $1.4 billion by 2025. CEO Matt Wilson made comments to that effect in a...
IGT Extends ‘Wheel of Fortune’ Licensing for 10 Years
International Game Technology (NYSE: IGT) announced Monday that it inked a 10-year agreement with Sony Pictures Television that secures licensing of the famed "Wheel of Fortune" brand across a variety of wagering platforms. Financial terms of the deal weren’t disclosed. The new...
Skillz Moving Headquarters to Las Vegas from San Francisco
Mobile games developer Skillz Inc. (NYSE: SKLZ) is the latest company to announce a departure from the San Francisco Bay Area to Nevada. The firm said Tuesday it’s moving its headquarters to Las Vegas. The gaming company purchased a 36,045-square-foot building with...
Queens Casino Plan Draws Criticism from Immigrant Groups
New York Mets owner Steven Cohen’s designs on bringing a casino hotel to the Citi Field area are drawing the ire of Queens immigrant groups. They claim a gaming venue will prey on their communities. The Fed Up Coalition pointed out that...
San Manuel Buys 40% Stake in Glitzy Orange County Resort
The San Manuel Band of Mission Indians added some noncasino gaming exposure today with the announcement that it purchased a 40% stake in the Waldorf Astoria Monarch Beach in Dana Point, Calif. Ohana Real Estate Investors sold the interest to San Manuel....
Churchill Stock Supported by Analysts Following Spring Meet Suspension
Churchill Downs (NASDAQ: CHDN) stock drew the support of some Wall Street analysts Monday following the operator’s suspension of its spring meet amid the deaths of 12 race horses over the past month. Last Friday, the gaming company announced its spring session...
Wynn CEO Craig Billings Signs Four-Year Extension
Wynn Resorts (NASDAQ: WYNN) CEO Craig Billings has signed a four-year contract extension to remain at the helm of the casino operator, and received a healthy raise. The Las Vegas-based gaming giant revealed details of the “Billings Amendment” in a Form 8-K...
