4499 stories by Todd Shriber
Penn Entertainment Now ‘Deep Value Turnaround’ Idea, Says BofA
Shares of Penn Entertainment (NASDAQ: PENN) traded slightly higher early Monday, fighting off a downgrade by Bank of America, which was stoked by concerns that the operator’s ESPN Bet unit could take longer than expected to become profitable. In a note to...
Boyd Bounces on New $500 Million Buyback Plan
Shares of Boyd Gaming (NYSE: BYD) delivered a much-needed bounce early Monday after the regional casino operator announced a new $500 million share repurchase program. The Las Vegas-based company said its board of directors approved the buyback plan. Boyd also declared a...
Resorts World NYC Casino Bid Could Be Derailed by Ohtani Translator Betting Scandal
The probe into the illicit sports wagering habits of Ippei Mizuhara, the former interpreter for Los Angeles Dodgers superstar Shoei Ohtani, could be detrimental to Genting’s ambitions of procuring a New York City casino license. Malaysia-based Genting owns Resorts World New York...
MGM Will Be Held to Host City Agreement in Possible Springfield Casino Sale, Say Officials
Nearly two months ago, reports surfaced that MGM Resorts International (NYSE: MGM) is mulling the sale of its regional casinos in Ohio and Springfield, Mass. Officials in the Massachusetts city said they intend to hold the gaming company to the terms of...
Caesars, DraftKings, Others Want Competitive Washington, DC Sports Betting Market
It’s been less than a month since FanDuel took over as the lone mobile sportsbook operator in Washington, DC, but rivals are already clamoring for access to online sports betting in the US capitol. Earlier this week, representatives from BetMGM, Caesars Sportsbook,...
Golden Entertainment Sees Buybacks Preferable to Nevada Acquisitions
Golden Entertainment (NASDAQ: GDEN) dramatically reduced debt while announcing its first-ever quarterly dividend. Such efforts, including share buybacks, could be the casino operator’s preferred avenues for returning capital to shareholders rather than acquiring gaming venues in Nevada. Last month, the Strat operator...
PlayAGS Soars on Deal to Be Acquired by Brightstar for $1.1B
Shares of slot machine maker PlayAGS (NYSE: AGS) surged 26.56% Thursday on volume that was 35 times the daily average after the company said it has agreed to be acquired by Brightstar Capital Partners for $1.1 billion. The offer from the private...
MGM Resorts (NYSE: MGM): IAC Now Owns 20% International Shares
Barry Diller’s IAC/InterActiveCorp (NASDAQ: IAC) now controls 20% of MGM Resorts International’s (NYSE: MGM) shares outstanding, making the conglomerate by far the largest investor in the casino giant. In his first-quarter letter to investors, which coincided with the company’s earnings report out...
Red Rock Shares Slump on Durango Cannibalization Concerns
Shares of Red Rock Resorts (NASDAQ: RRR) tumbled Wednesday after the casino operator delivered first-quarter revenue that missed analyst estimates while noting the new Durango Casino & Resort in Southwest Las Vegas has pilfered business from its other properties. In midday trading,...
Wynn Sees UAE Spend of $900M, Confirms Interest in Thailand Casino
Wynn Resorts (NASDAQ: WYNN) expects to contribute approximately $900 million to the Wynn Al Marjan Island integrated resort in Ras Al Khaimah, United Arab Emirates (UAE). That’s according to comments made by Craig Billings on the gaming company’s first-quarter earnings conference call...
