Publicly Traded Casinos
Numerous companies around the world provide an exciting casino gaming experience for their customers. Most of the larger companies expand their operations beyond the casino floor, offering luxury hotel rooms, five-star restaurants, popular nightspots and extravagant shows.
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These companies bring in billions of dollars each year in revenue for their stockholders.
The top five gaming service companies have a combined market capitalization of nearly $120 billion.
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Since the 1990s, MGM Resorts International has operated some of the most recognizable properties on the Las Vegas Strip.
The company runs such iconic casinos as Treasure Island, the Bellagio, the Mirage and the Mandalay Bay.
The firm also brought about the themed casinos, such as Excalibur, New York New York, Luxor and Circus Circus.
With a major presence in Las Vegas and a smaller footprint in Macau, MGM has generated $12.6 billion in marketwashington, May 13, 2015 /PRNewswire/ - Danaher Announces Intention to Separate Into Two Independent, Publicly Traded Companies. Auburn, Wash., Feb. 17, 2015 /PRNewswire/ - Sexual Wellness Retail Chain Peekay Becomes Publicly Traded Company. Leading retailer of sexualA complete commercial credit report with financial statements is available for every company listed below, and for more than 40,000 public companies in our worldwide data base. But don t take our word for it. Examine a typical commercial credit report for free.
We re sure you will agree that the quality of our commercial credit report is second to none. Note: Light grey text indicates a business whose financial statements are notVisitors to CasinoGamingStock.net won t find more daily updated news about publicly traded casino gaming companies anywhere else on the web. Major companies in the industry go through major stock price adjustments on a regular basis. New laws are passed in different states, or countries which can set stock prices reeling. New casinos or companies open their doors increasing competition. Major investors buy in and bail out throughout the year.
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For these reasons, and many more, the casino gaming sector is the most volatile in the market.
With all this in mind we have created a news site specifically for traders who follow this particular industry closely. News about casino gaming companies can be found all over the web, but there has never been one place for traders to get all of there casino gaming news, until now. Our writers aim is to keep our visitors up to date with the latest news about each company in the industry.
We also allow commenting so traders can discuss the effects of each news item. Please visit a trusted source if you are looking for online casino news. Or visit a trusted online casino reviews site if that is what you are looking for.
We specialize only in news about publicly traded casino gaming companies. Latest Casino Gaming StockStation Casinos ended its 14-year run as a publicly traded company Wednesday with the completion of a management-led buyout of the gaming company, the company announced Wednesday.
The close of the $5.4 billion deal means the gaming company s stock will no longer be listed on the New York Stock Exchange although the company will continue to file quarterly and year-end earnings reports with the Securities and Exchange Commission because some public debt financing is being used to finance the buyout.
Technically, we re still a public company, Station President Lorenzo Fertitta said.
We just don t have publicly traded equity.
The company, which is now owned by Feritta Colony Partners, said the filings will be similar to current filings reporting all company revenues. Fertitta Colony Partners is a partnership between the gaming company s founding family and Los Angeles-based real estate investment firm Colony Capital.
The company s final earnings report as a public company was scheduled for Wednesday but postponed until Friday because of the announcement. Company executives also said Wednesday that, other than being delisted by the nyse, the buyout should have little noticeable effect on the company.
Tomorrow it s business as usual for our team members as well as the guests that come to see us every day, he said. I really see no change at all.
The sale will affect shareholders, who approved the buyout deal in August. Individual shareholders awaiting payment from the $90 per share buyout should soon receive a letter from Wells Fargo Bank with instructions on how to redeem their certificates. Outstanding Station Casinos shares held by a brokers, financial institutions or other funds will be redeemed by those institutions in the next couple days, the company said.
With the buyout, the founding family increased its shares in the company from a 9.9 percent stake to nearly 25 percent.
We really try to take a long-term view in the business, Lorenzo Fertitta said.
This gives us the opportunity to do that. One of the goals we ve always had, from me and Frank s perspective, was wanting to own more of the company. Los Angeles-based Colony Capital controls the remaining 75 percent.
Tom Barrack, founder, chairman and chief executive officer of Colony Capital, will hold a third seat on the board. Frank Fertitta III will continue to direct the company as chairman and chief executive officer, positions he has held since the company went public in May 1993. Lorenzo Fertitta will remain vice chairman and president.
Sister Delise Sartini and brother-in-law Blake Sartini, chairman and chief executive officer of Golden Gaming, are also investors in the new company but will have no operational control. Colony s approval will be needed before any major actions can be taken, such as large construction projects and acquisitions.
The new company is assuming $2.3 billion in debt and will pay off of a $1.1 billion revolving line of credit.
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