4480 stories by Todd Shriber
Joffre Capital Gives Big F-U to Phuk II Stake
Technology buyout fund Joffre Capital announced Thursday it's pulling the plug on a previously announced plan to acquire a controlling interest in Playtika (NASDAQ: PLTK). Joffre cited issues at the mobile gaming company and with the seller of the shares, Playtika Holding...
Floyd Mayweather Says He’s Involved with Times Square Casino Effort
Add Floyd Mayweather, Jr. to the list of big names involved with a plan to bring a casino to Times Square in New York City. In a recent interview with the Earn Your Leisure podcast, the 45-year old retired boxing champion says...
Madison Square Garden to Retain Las Vegas Sphere, Tao Group
Madison Square Garden Entertainment Corp. (NYSE:MSGE) updated investors on previously announced spin-off plans, and there are Las Vegas implications. The company announced late Tuesday it’s evaluating a potential transaction that would separate its live entertainment while retaining the MSG Sphere, MSG Networks,...
Apollo Doling Out $1.5K Bonuses to Venetian Employees
Employees at the Venetian Las Vegas will have some extra jingle in their pockets this holiday season. Operator Apollo Global Management is distributing $1,500 bonuses. In total, the private equity firm that operates the iconic Strip venue is doling out $11 million...
Light & Wonder Lands Junk Grade From Fitch
Light & Wonder (NASDAQ: LNW) garnered a non-investment credit grade of “BB” in a report published by Fitch Ratings yesterday. A “stable” outlook accompanies that rating. The Las Vegas-based gaming device manufacturer has long been raising cash in an effort to firm...
Genting Providing More Financing to Empire Resorts
Genting Malaysia Bhd. has provided more financing to its Empire Resorts unit. That's as an entity tied to the Malaysian conglomerate recently purchased $100 million in preferred stock issued by the New York-based gaming company. Genting ER II LLC, which is a...
Fanatics Valuation Jumps to $31B Following $700M Capital Raise
Florida-based collectibles, sports apparel, and sports wagering company Fanatics’ valuation has risen to $31 billion. That's after the company raised $700 million from a group of investors. That’s a significant increase from a $27 billion valuation revealed in March, and one that’s...
Red Rock Resorts Unloads Land Near Durango Project for $23.9M
Last week, Red Rock Resorts (NASDAQ: RRR) closed on the sale of 21.3 acres of land next to its Durango casino hotel project in Southwest Las Vegas. The gaming company sold the land to real estate developer Ovation Development Corp. for $23.9...
Sands China Paying Up to $377M to Las Vegas Sands for Macau Trademarks
Sands China is paying parent company Las Vegas Sands as much as $377 million to continue using Sands-related trademarks in Macau as part of a new three-year agreement starting Jan. 1, 2023. The current agreement between the parties expires on December 31....
Macau Recovery Could Be Supported by Mass Market Table Games
Long-running hopes for a gaming industry recovery in Macau could arrive in 2024, and might find support from mass market table games. That’s the take of JPMorgan analysts led by DS Kim, who notes Macau operators’ earnings before interest, taxes, depreciation and...
