IAC already owns about 22% of the casino giant Diller says MGM shares are deeply undervalued IAC/InterActiveCorp (NASDAQ: IAC) could consider boosting its already sizable stake in MGM Resorts International (NYSE: MGM), according to Chairman Barry Diller. Barry Diller in a 2021 interview. He said IAC could consider lifting its stake in MGM. (Image: CNBC) […]

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Monarch delivered strong fourth-quarter earnings on Wednesday, driving share prices higher A strong balance sheet has Monarch considering new acquisitions Monarch currently owns two properties — Atlantis in Reno and Monarch Casino in Black Hawk, Colo. Shares of Monarch Casino & Resort (NASDAQ: MCRI) surged Wednesday after the gaming company delivered fourth-quarter earnings and revenue […]

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Bally’s (NYSE: BALY) and Standard General announced today that the investor completed its $4.6 billion takeover of the regional casino operator. Standard General founder Soo Kim. The hedge fund completed its acquisition of Bally’s. (Image: Meet AC/Casino.org) Standard General, the hedge fund that’s the largest Bally’s shareholder, offered $15 a share for the gaming company […]

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Private equity behemoth Blackstone (NYSE: BX) is reportedly considering a run at ailing Star Entertainment, but the US investor could wait until the Australian casino operator is put into administration. The Star Sydney. Rumors surfaced Blackstone could be interested in bidding for Star. (Image: Star Entertainment) The mention of Blackstone, which has a long track […]

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VICI Properties (NYSE: VICI) could consider purchasing the Caesars Forum convention center on the Las Vegas Strip, which the real estate investment trust (REIT) has an option to buy. The Caesars Forum convention center on the Las Vegas Strip. VICI Properties could consider buying the venue, says an analyst. (Image: Network in Vegas) That’s the […]

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Following a rough 2024, shares of Century Casinos (NASDAQ: CNTY) are off nearly 7% to start 2025, potentially indicating the stock’s redemption story will require patience from investors. The Century Casino in Central City, Colo. An analyst said the stock could require patience before it rebounds. (Image: Century Casinos) In a note out after the […]

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Melco Resorts & Entertainment (NASDAQ: MLCO) should consider selling its casino hotels in Cyprus and Manila so it can fund a full acquisition of Studio City International (NYSE: MSC) and focus on its Thailand ambitions, according to an analyst. Melco Resorts CEO Lawrence Ho speaks in Macau in 2018. An analyst said the company should […]

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It’s been four years since MGM Resorts International (NYSE: MGM) offered to acquire BetMGM partner Entain Plc (OTC:GMVHY). At least one analyst believes it’s possible the casino giant could revisit such a proposal this year. The BetMGM logo. An analyst said MGM could consider another takeover offer for BetMGM partner Entain. (Image: NY Sports Day) […]

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Penn Entertainment (NASDAQ: PENN) could consider a technology-related acquisition this year in an effort to prop up its ESPN Bet online sports betting unit. An image from an ESPN Bet tutorial. Parent company Penn Entertainment could consider a tech acquisition. (Image: YouTube) That’s the take of Eilers & Krejcik Gaming (EKG), which said in a […]

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Last week, Wynn Resorts (NASDAQ: WYNN) announced the acquisition of the Crown London, a small, private casino in the Mayfair District, and while it’s not the typical property-level purchase executed by a US gaming value, the deal has merit. The Crown London, a private casino. An analyst praised Wynn Resorts’ purchase of the venue. (Image: […]

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