4480 stories by Todd Shriber
Rio Owner Dreamscape Lands $850M in Financing, Eyes More Casino Deals
Dreamscape Companies, which owns the property assets of the Rio Hotel & Casino Las Vegas, has raised $850 million in capital. That paves the way for the real estate developer to broaden its footprint in the gaming industry. The New York-based real...
Monarch Casino Open to Mergers and Acquisitions
Monarch Casino & Resort (NASDAQ: MCRI) delivered fourth-quarter results late Wednesday. One of the more interesting tidbits to emerge could be the company signaling a willingness to consider mergers and acquisitions. Currently, the Reno-based regional casino operator owns just two gaming venues...
Boyd Boosts Quarterly Dividend by Nearly Seven Percent
Boyd Gaming (NYSE: BYD) announced today that it is increasing its quarterly dividend to 16 cents a share from 15 cents. The Las Vegas-based casino operator’s board of directors approved the raise, which works out to 6.66%. At the close of trading...
Georgia GOP Pol Proposes Online, Retail Sports Betting Bill
Georgia state Rep. Marcus Wiedower (R-Watkinsville) proposed new sports wagering legislation that provides for online and in-person betting in the state. Wiedower’s House Bill 380 (HB 380) is the first floated in Georgia that provides for retail wagering, as previous efforts to...
‘Big Short’ Investor Michael Burry Bought MGM Stock in Q4
Scion Asset Management, the hedge fund run by Michael Burry, purchased a stake in MGM Resorts International (NYSE: MGM) in the fourth quarter. Burry, played by actor Christian Bale in the movie, purchased approximately 100K shares of the Bellagio operator in the...
FanDuel Parent Flutter Evaluating New York Listing
Global gaming giant Flutter Entertainment (OTC: PDYPY) is considering listing its shares in New York as the company’s US business thrives. Dublin-based Flutter owns 95% of FanDuel, the largest online sportsbook in the US. In a statement issued by its investor relations...
Bally’s Likely to Pull Trump Name From Bronx Golf Course
If it’s successful in its bid to procure a New York casino permit, Bally’s (NYSE: BALY) would likely pull the Trump name from a golf course in the Bronx. The regional casino operator is in talks with the Trump Organization about using...
San Antonio Spurs Owner Peter Holt Supports Texas Sports Betting
San Antonio Spurs Managing Partner and Chairman Peter J. Holt is the latest owner of a Texas professional sports franchise to throw his support behind a pair of recently introduced sports betting bills. The owner of the five-time NBA champions announced his...
Wynn Resorts Among Top Alpha Picks at Goldman Sachs
Already up 33.32% year to date, Wynn Resorts (NASDAQ: WYNN) stock got another assist Monday, landing a spot on a Goldman Sachs list of equities with the potential to be big alpha generators this year. In financial market parlance, “alpha” describes an...
Bally’s Stock Jumps on Bullish Guidance, CEO Change
Bally’s (NYSE: BALY) stock rallied early Monday after the company unveiled bullish, preliminary fourth quarter and 2023 revenue guidance while announcing a key leadership change. The regional casino operator forecast fourth-quarter revenue of $576 million, ahead of the $568.89 million analysts expected....
