4482 stories by Todd Shriber
GAN Procures Needed Refinancing, Slashing Interest Expenses
Gaming technology provider GAN Ltd. (NASDAQ: GAN) landed much-needed refinancing with some creditors -- moves that will enable the battered firm to realize significant savings on annual interest expenses. GAN creditor Beach Point Capital is waiving certain defaults and covenants under its...
Oakland A’s, Red Rock Resorts Close to Las Vegas MLB Stadium Pact
The Oakland Athletics and Red Rock Resorts are reportedly nearing an accord. That would pave the way for the construction of a $1 billion baseball stadium in Las Vegas near Allegiant Stadium. The Nevada Independent broke the story late Thursday, reporting that...
Monarch Casino & Resort Q1 Results Solid, Analyst Sees Upside Catalysts
Despite weather challenges in Reno, Monarch Casino & Resort (NASDAQ: MCRI) posted strong first-quarter financial results, prompting at least one analyst to highlight positives in the regional casino operator’s story. The Atlantis Reno operator reported first-quarter adjusted earnings before interest, taxes, depreciation,...
Fanatics Sportsbook Could Be Live in 12-15 States by Start of 2023 Football Season
Newly minted Fanatics Sportsbook could be live in as many as 15 states by the start of the 2023 football season, according to founder and CEO Michael Rubin. He made those remarks earlier today at the Sports Business Journals World Congress of...
International Game Technology Could Be Jackpot for Investors, Says Analyst
Investors don’t need to play slots to hit jackpots, but they can benefit from vibrancy ascribed to gaming device manufacturers International Game Technology (NYSE: IGT) and Light & Wonder (NASDAQ: LNW). That’s the sentiment of B. Riley analyst David Bain who initiated...
Las Vegas Sands Trounces Q1 Estimates on Macau Recovery
Shares of Las Vegas Sands (NYSE: LVS) surged in Wednesday’s after-hours session. That's after the casino operator posted first-quarter results that topped Wall Street forecasts due in part to the ongoing recovery in Macau. The Venetian Macau operator posted earnings per share...
VICI Properties Willing to Consider More Las Vegas Strip Acquisitions
VICI Properties (NYSE: VICI) is already the largest landlord on the Las Vegas Strip, owning the real estate of some of the most prestigious casinos in the world. That doesn’t mean it won’t consider adding to that already expansive portfolio. Following a...
BetMGM Posts Strong Q1 Showing, On Track for Profitability Later in 2023
BetMGM started 2023 in strong form. That put the internet casino and online sportsbook operator on pace to meet its previously stated goal of turning profitable in the back half of this year. In its first-quarter financial update, Entain Plc (OTC: GMVHY),...
Golden Nugget Pulling Plug on Nevada Sports Betting App, Could DraftKings Be Replacement?
Golden Nugget is shutting down its Nevada mobile sports wagering application on April 26. The casino operator notified patrons about the decision in a Monday email blast. Customers without pending wagers can withdraw funds via the app, or by visiting the Golden...
Boyd Gaming Revenue Could Pop on Regional Casino Strength
Boyd Gaming (NYSE: BYD) stock is on a tear this year, soaring 20.92%. But there could be upside to that performance due to strength in regional casinos. In a note to clients Monday, JPMorgan analyst Joseph Greff reiterated an “overweight” rating on...
