4505 stories by Todd Shriber
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...
Virgin Taking Over Las Vegas Casino Ops, Mohegan Out
Virgin Hotels Las Vegas and Mohegan Gaming & Entertainment announced on Tuesday that Virgin Las Vegas is entering a “transition period,” which will ultimately result in Virgin taking over casino operations at the off-Strip property. Following the conclusion of that transition, Mohegan...
Genting Could Get Thailand Boost, Faces New York Headwinds, Says Research Firm
Genting Group could benefit from the surprisingly efficient pace at which Thailand is considering casino regulations, but the opposite scenario in New York could be a headwind to the Malaysian gaming giant. That’s the take of Nomura, which believes Genting is likely...
Wynn Making Progress on UAE Build, Tower Could Be Finished in Late 2025
Wynn Resorts (NASDAQ: WYNN) provided an update on its Wynn Al Marjan Island integrated in Ras Al Khaimah, United Arab Emirates (UAE), noting that the 300-meter-tall resort tower could be topped off in the fourth quarter of 2025. Construction of the property,...
Everi Scraps Buyback Plan, Could Pay Special Dividend
Everi Holdings (NYSE: EVRI) announced Monday that it's ending a previously announced $130 million share repurchase program and that it could consider paying a special dividend as a way of deploying the capital remaining on the buyback plan. About a year ago,...
