4 unchanged sentences
Our shares of common stock began trading on the NYSE on March 29, 2019.
−Removed: Accordingly, no comparative stock performance information is available prior to this date.
The performance graph below compares the cumulative total return on our common stock to the cumulative total return of the Standard & Poor’s 500 Stock Index (“S&P 500”) and the Dow Jones US Gambling Index.
−Removed: The performance graph assumes that $100 was invested on March 29, 2019 in each of our common stock, the S&P 500 and the Dow Jones US Gambling Index, and that all dividends were reinvested.
+Added: The performance graph assumes that $100 was invested on December 31, 2019 in each of our common stock, the S&P 500 and the Dow Jones US Gambling Index, and that all dividends were reinvested.
The stock price performance shown in this graph is neither necessarily indicative of, nor intended to suggest, future stock price performance.
+Added: *$100 invested on 12/31/19 in stock or index, including reinvestment of dividends.
+Added: Fiscal year ending December 31.
+Added: Copyright© 2024 Standard & Poor’s, a division of S&P Global.
+Added: All rights reserved.
+Added: Copyright© 2024 S&P Down Jones Indices LLC, a division of S&P Global.
+Added: All rights reserved.
Dividend Policy
1 unchanged sentence
Any future determinations relating to our dividend policies will be made at the discretion of our Board and will depend on conditions then existing, including our financial condition, results of operations, contractual restrictions, capital and regulatory requirements and other factors our Board may deem relevant.
−Removed: At February 14, 2024, there were 234 holders of record of our common stock, although we believe there are a significantly larger number of beneficial owners of our common stock because many shares are held by brokers and other institutions on behalf of shareholders.
+Added: At February 28, 2025, there were 8 holders of record of our common stock, although we believe there are a larger number of beneficial owners of our common stock because many shares are held by brokers and other institutions on behalf of shareholders.
+Added: Standard General, our largest shareholder, beneficially owned 73.7% of our outstanding common stock as of February 28, 2025.
Issuer Purchases of Equity Securities
1 unchanged sentence
On February 10, 2020, and October 4, 2021, the Board approved an additional $100 million and $350 million for stock repurchases and payment of dividends, respectively.
+Added: As of December 31, 2024, $95.5 million was available for use under the capital return program.
Share repurchases under publicly announced programs may be effected in various ways, which could include open-market or private repurchase transactions, accelerated share repurchase programs, tender offers or other transactions.
1 unchanged sentence
There is no fixed time period to complete the capital returns.
−Removed: The following table provides information about share repurchases made by the Company of its common stock during the quarter ended December 31, 2023 (in thousands, except Average Price Paid per Share):
−Removed: Period Total Number of Shares Purchased Average Price Paid per Share Total Number of Shares Purchased as Part of Publicly Announced Plans or Programs Maximum Number of Shares that May Yet be Purchased Under the Plans or Programs
−Removed: October 1, 2023 - October 31, 2023 — $ — — $ 164,100
−Removed: November 1, 2023 - November 30, 2023 3,113 10.78 3,113 130,531
−Removed: December 1, 2023 - December 31, 2023 2,694 13.01 2,694 95,477
−Removed: 5,807 $ 11.81 (a)
−Removed: 5,807 $ 95,477
−Removed: __________________________________
−Removed: (a) Weighted average.
−Removed: Changes to Authorized Shares
−Removed: On May 18, 2021, following receipt of required shareholder approvals, the Company amended its Certificate of Incorporation to increase the number of authorized shares of common stock from 100 million to 200 million, and to authorize the issuance of up to 10 million shares of preferred stock.
−Removed: As of December 31, 2023, no shares of preferred stock have been issued.
+Added: There were no share repurchases made by the Company of its common stock during the year ended December 31, 2024.
+Added: On February 7, 2025, approximately 22.9 million shares of our common stock were converted into the right to receive cash consideration equal to $18.25 per share in connection with our transactions with Standard General and its affiliates, including Queen.
+Added: Recent Sales of Unregistered Securities
+Added: On February 7, 2025, we issued 30,452,096 shares of our common stock in reliance upon Section 4(a)(2) of the Securities Act of 1933, as amended (the “Securities Act”), in connection with the closing of our transactions with Standard General and its affiliates, including Queen.
+Added: In addition, SBG Gaming, LLC (“SBG”) delivered to us options it previously acquired from us to purchase 1,639,669 shares of our common stock in exchange for warrants to purchase 384,536 shares of our common stock containing terms substantially similar to other warrants held by SBG.
+Added: The warrant issuance was exempt from the registration requirements of the Securities Act pursuant to Section 3(a)(9) of the Securities Act.
+Added: See our Current Report on Form 8-K filed with the SEC on February 13, 2025 for additional information.
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.